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Asian Markets Start a New Week on the Positive Note, Gold Finds Support Above $1270 All the major Asian indices are trading on a positive note on Monday. Gold remains well supported above $1270 marks and hovers around key resistance at $1277...
USD/JPY: Bulls Testing 109 Handle as Risk Sentiment Recovers The offered tone around the JPY gathered pace in the mid-Asian session, now pushing USD/JPY further into the positive territory just a thread-line short of 109 handle...
FxWirePro: ASX200 Faces Strong Support at 5300, Good to Buy at Dips Major resistance - 5380 Major Support - 5307 (10 day EMA) ASX200 pares early losses made today and slightly jumped till 5372 at the time of writing. It is currently trading at 5368...
FxWirePro: Nikkei225 Faces Strong Support at 16300, Good to Buy at Dips Major resistance - 16985 (100 day EMA) Major support - 16425 (10 day EMA) Nikkei index has declined yesterday after making a high of 16805 at the time of writing.It is currently trading around 16459...
FxWirePro: USD/SGD Almost Flat in Early Asia, Upside Limited USD/SGD is currently trading around 1.3718 marks. It made intraday high at 1.3740 and low at 1.3715 levels. Intraday bias remains neutral till the time pair holds key support at 1.3723. A sustained close above 1...
Guide to Today's Important Data and Events Few economic dockets scheduled for today and all with low to high risks associated. Upcoming – Japan – Preliminary reading on Machine tools orders will be released at 6:00 GMT. Prior -21.2% y/y. Germany – Bundesbank will release its monthly report...
EURUSD Daily Forecast: May 16 2016 EURUSD Forecast The EURUSD had a bearish momentum last week bottomed at 1.1282. Price reached the nearest target of the shooting star bearish scenario...
GBPUSD Daily Forecast: May 16 2016 GBPUSD Forecast The GBPUSD was indecisive last week but overall still able to maintain its bearish bias since the false break above the daily EMA 200 as you can see on my daily chart below. The bias is bearish in nearest term testing 1.4270/50 region...
USDJPY Daily Forecast: May 16 2016 USDJPY Forecast The USDJPY had a bullish momentum last week topped at 109.55 but closed lower at 108.61. The bias is bullish in nearest term retesting 109.55. A clear break and daily close above that area could trigger further bullish pressure testing 110...
USDCHF Daily Forecast: May 16 2016 USDCHF Forecast The USDCHF was indecisive last week. The bias is neutral in nearest term probably with a little bullish bias testing 0.9795 key resistance. A clear break and daily close above that area could trigger further bullish pressure testing 1...
Nikkei Leads Recovery in Asia From Monthly Lows The stocks on the Asian bourses set-off the week on the weaker note, tracking a softer close on the Wall Street last Friday and weekend’s poor Chinese dataflow, which weighed down on the risk sentiment...
FxWirePro: South Korean Won Hovers Around Key Resistance at 1178, Intraday Bias Remains Neutral USD/KRW is currently trading around 1178 levels. Today South Korea released trade balance data with flat numbers at 8.80B m/m...
NZD/USD Trims China Data-Led Losses, 5-DMA Back on Sight? The Kiwi attempts a tepid-bounce from the Chinese data dump-induced weakness, and now looks to regain 5-DMA located at 0.6784 amid improved appetite for risk across the markets. NZD/USD finds support just below 0...
AUD/JPY: bulls battle back on 79 handle Despite a weaker global picture to start the week off, AUD/JPY is resilient in the Tokyo open. AUD/JPY had been soft in early Asia in response to soft weekend China data. However, there was a re-bound 78.65 lows and the price has been as high as 78...
AUD/USD: China Pressures Bulls Commitments - Westpac Analysts at Westpac explained that the AUD/USD extended its multi-week decline, from 0.7300 late Friday Sydney to 0.7270 into the weekend. Key Quotes: "It opened the week even lower, dipping as low as 0...
Intra-Day News and Views & data to be released today (USD/JPY) Intra-Day Market Moving News and Views 16 May 2016 01:22GMT USD/JPY - 108.78... Despite dlr's brief rise to session high at 109.59 in New York morning on Friday on the back of upbeat U.S. eco. data, price tumbled to 108...
APAC Currency Corner – Weekend Worries The trifecta of the closely watched Chinese economic metrics surprised on the downside over the weekend. This negative data should dictate this week’s risk environment, for the early part at least. However, in early trade markets have been mixed...
FxWirePro: Japanese Yen Falls in Early Asia on the Back of Lower Than expected PPI Data USD/JPY is currently trading around 108.80 marks. It made intraday high at 108.84 and low at 108.46 levels. Today Japan released PPI data with negative numbers at -4.2% m/m vs -3.8% m/m previous release...
USD/JPY Bulls Taking Over in Tokyo; Target Break of 100 1HR SMA U.S. retail sales data surprised markets and allowed the US 10yr treasury yield to rise to 1.75%, albeit only to end the session at 1.70% as a one-month low...
