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CHF: Unresponsive to Positive Inflation Surprise - Nomura Research Team at Nomura, suggests that a few positive Swiss economic data releases such as April CPI inflation are unlikely to change the CHF weakening trend. Key Quotes “April Swiss CPI released on Monday recovered to -0.4% y-o-y from -0...
Asian Markets in Red on the Back of Global Uncertainties, Gold Dips in Early Asia All the major Asian indices are trading on a lower note on Thursday morning on the back of global uncertainties as well as lower commodity prices...
FxWirePro: AXS200 Faces Strong Support at 5300, Good to Buy at Dips Major Support - 5300 ASX200 pares losses made yesterday and slightly jumped till 5367 at the time of writing. It is currently trading at 5346. Short term trend is slightly bullish as long as support 5300 holds...
FxWirePro: Aussie Falls As Inflation Expectation Dips to Fresh 8-Month Low AUD/NZD is trading around 1.0756 marks. Pair made intraday high at 1.0819 and low at 1.0747 marks. MI inflation expectation falls to fresh 8 month low to 3.2% m/m vs 3.6% previous release...
FxWirePro: Nikkei225 Faces Strong Resistance at 100 Day EMA, Good to Sell on Rallies Major resistance - 17000 (100 day EMA) Major support - 16350 (10 day EMA) Nikkei index has declined yesterday after making a high of 16800.It is currently trading around 16484...
Just How Robust is the Mighty US Consumer? - ANZ Research Team at ANZ, suggests that when world growth splutters, producers have traditionally looked to the US consumer to save the day...
Commodities Stronger Across the Board - ANZ Analysts at ANZ noted that commodity markets were stronger across the board as the USD weakened and concerns over supply disruptions rose. Key Quotes: "Crude oil prices rose stronger after an EIA report showed inventories fell last week by 3...
Key Events Coming Up: BoE is the Highlight - Westpac Analysts at Westpac noted the key events taking place today. Key Quotes: "The Bank of England should keep rates at 0.5%, with policy firmly on hold ahead of the UK EU exit vote...
EUR/USD Finds Acceptance Above 1.14 Handle EUR/USD has found a balance area between 1.1420 and 1.1430 in Asia, with market makers keeping the pair in as tight a range as it gets, following the strong appreciation from 1.1370 lows up towards 1.1445 highs on Thursday...
AUD/USD on Free-Fall, Aus Data Weighs AUD/USD is trading under very heavy pressure following the release of the Australian consumer inflation expectation, which came at 3.2% in May vs 3.6% expected. Market remains dovish AUD on RBA rate cut expectations The pair exchanges hands at day lows of 0...
Asian Stocks Attempt Recovery Amid Improving Risk Conditions The persisting risk-off sentiment is seen easing towards the mid-Asian trades, allowing a solid recovery in the Asian equity markets as yen weakened across the board, boosting the energy stocks in the region’s indices...
USD/JPY in Recovery Mode Circa 108.50 USD/JPY has managed to recover off day lows, currently consolidating circa 108.50 mid round number, assisted by the Nikkei 225, which has paired its early losses and is currently trading down by only 0.4% around 16,500...
USD/JPY Targets 4HR 50 SMA at 107.45 USD/JPY has been sold off again as the Yen is battles back and now tests the 108.20 support taking USD/JPY over 100 pips lower than the highs scored at 109.36...
EURUSD Daily Forecast: May 12 2016 EURUSD Forecast The EURUSD had a moderate bullish momentum yesterday topped at 1.1446. This is not what I had expected, but it’s a normal movement and the shooting star bearish scenario should remain valid...
GBPUSD Daily Forecast: May 12 2016 GBPUSD Forecast The GBPUSD had another indecisive movement yesterday formed a Doji on daily chart...
USDJPY Daily Forecast: May 12 2016 USDJPY Forecast The USDJPY had a bearish momentum yesterday and hit 108.22 earlier today. The bias is bearish in nearest term but as long as stay inside the bullish channel and above 107...
USDCHF Daily Forecast: May 12 2016 USDCHF Forecast The USDCHF failed to continue its bullish momentum yesterday bottomed at 0.9698. The bias is bearish in nearest term testing 0.9650. Immediate resistance is seen around 0.9750...
UK CENTRAL BANK TRYING TO APPEAR UNBIASED TO AVOID INFLUENCING OUTCOME The Bank of England (BoE) has to appear unbiased on the very political topic of Britain exiting the European Union...
Pivot Points Daily Last Updated: May 12, 2:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.12555 1.13339 1.13793 1.14123 1.14577 1.14907 1.15691 USD/JPY 106.696 107.697 108.035 108.698 109.036 109.699 110.7 GBP/USD 1.42552 1.43486 1.4397 1.4442 1.44904 1.45354 1.46288 USD/CHF 0.95967 0.96592 0...
