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Nikkei Jumps on Weaker Yen, Rest of Asia Wobble Post China CPI Following the release of in-line with expectations Chinese inflation report, risk sentiment somewhat improved across the Asian markets, with the Japanese stocks rebounding sharply on yen’s relative weakness...
USD/JPY Hits New Weekly Highs, 109.00 Eyed USD/JPY continues its relentless move north, now breaking above yesterday's high at 108.60, resulting on new highs reached at 108.78, as the Nikkei 225 soars, last +1.43...
NZD/USD Fresh Bids Emerge Near 100-DMA on China Data The bears took a breather from their downward spiral following the release of a touch better Chinese CPI and PPI figures, now allowing a tepid-bounce from two-month troughs. NZD/USD holds above 100-DMA support at 0...
Nikkei225 Breaks Minor Resistance 16300, Jump Till 16600/16800 Is Possible Major intraday resistance - 16300 (55 day 4H EMA) Major support - 15800 (May 4th 2016) Nikkei index has broken major intraday resistance 16300 and jumped till 16477 at the time of writing...
FxWirePro: USD/KRW Breaks Key Resistance at 1176, a Break Above Targets 1193 USD/KRW is currently trading around 1173 levels. Intraday bias remains bullish till the time pair holds key support at 1162 levels...
AUD/USD Clinches Highs above 0.73 on Stabilizing China CPI The in-line with expectations Chinese CPI data provided the much-needed respite to the AUD bulls, sending AUD/USD back on the bids beyond 0.73 handle. AUD/USD supported at 0...
EURUSD Daily Forecast: May 10 2016 EURUSD Forecast The EURUSD was indecisive yesterday but overall still able to maintain its bearish bias. The bias remains bearish in nearest term testing 1.1275 – 1...
GBPUSD Daily Forecast: May 10 2016 GBPUSD Forecast The GBPUSD was indecisive yesterday but overall still able to maintain its bearish intraday bias since the false breakout above the daily EMA 200 as you can see on my daily chart below. The bias remains bearish in nearest term testing 1.4350 – 1...
USDJPY Daily Forecast: May 10 2016 USDJPY Forecast The USDJPY had a bullish momentum yesterday topped at 108.60 and hit 108.82 earlier today. The bias is bullish in nearest term testing 109.00 area before targeting 110.65. Immediate support is seen around 108.25...
USDCHF Daily Forecast: May 10 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias remains bullish in nearest term testing 0.9795. A clear break and daily close above that area could trigger further bullish scenario this week targeting 0.9915 or higher...
USD/CAD Likely to Move Toward 1.25 by Year-End - Lloyds Analysts from Lloyds Bank expect the USD/CAD pair to move lower over the next month and to finish 2016 around 1.25. Key Quotes: “USD/CAD has ended the past month little changed, around 1...
UK: Rate Cut Expectations to be a Temporary Phenomenon - TDS According to analysts from TDS, referendum worries started to weigh on the United Kingdom economy. Ahead of the decision of the Bank of England, they expect the rate cut expectation to be a temporary phenomenon...
EUR/USD Holds Near Lows, Searching for Catalysts EUR/USD continues to waver directionless around the 1.1400 level, unable to set fresh short-term direction in the absence of news or events. EUR/USD stretched to a low of 1...
GBP/USD Clings to 1.4400 GBP/USD has entered a consolidation phase over the last hours, having spent most of the day in a range around the 1.44 mark. GBP/USD slid to a fresh 2-week low of 1.4373 during the European session but found support and erased intraday losses...
NZD/USD Drops to 4-Week Lows NZD/USD failed to hold above 0.6800 and extended losses below. The pair bottomed during the American session at 0.6763, the lowest level since April 7. From the lows it bounced modestly to the upside but remained under pressure moving in a small range between 0...
EUR/USD: It Depends on 1.16/1.17 - Lloyds Analysts from Lloyds Bank, warned that a break below 1.1360/1.1320 in EUR/USD would signal a false break of the previous range highs. Key Quotes: “A breakdown through 1.1360/1.1320 will add further evidence that the rally to 1...
USD/JPY Extends Gains Above 108.00 The Japanese yen remains weak across the board despite the price correction of equities in Europa and in Wall Street. USD/JPY rose further and printed a fresh 1-week high at 108.58. The pair remains near daily highs, currently trading at 108...
FxWirePro: Gold Dips Below Lower Range, Bearish Bias Increases Gold prices declined on Monday as dollar strengthened across the board as the greenback held onto gains after mixed non-farm payrolls data last Friday...
EUR/JPY Extends Recovery, Heading Towards 124.00 Level Comments from Japan’s finance minister Taro Aso weakened JPY sharply against its counterparts with the EUR/JPY pair surging to session high of 123.71...
