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EURUSD: With EURUSD selling off strongly on Wednesday, we envisage more weakness in the days ahead. Support lies at the 1.1150 level. Further down, support comes in at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will target the 1.1000 level...
EUR/USD: We are bearish against resistance in the 1.1360 area (near the 21-dma) and look for a move lower towards initial targets at the 1.1215 range lows. Below there would signal further downside. Our next targets are near 1.1125 and then 1.0990...
GBP/USD: Hawkish FOMC Minutes Curb Sterling's Big Bid GBP/USD has lost the 1.46 handle on the back of hawkish minutes from the FOMC meeting in April. The minutes showed that most officials saw June hike 'likely' if economy warranted...
USD/CAD Spikes to 1.3000 After FOMC Minutes USD/CAD soared to the 1.3000 area as the greenback rallied across the board after FOMC minutes showed June rate hike is “likely”. According to the minutes, most FOMC members believe a rate hike in June is likely if data showed an improving economy...
USD/JPY Hit Fresh Highs above 110.00 After Fed Minutes USD/JPY broke above previous highs and climbed above 110.00 after the release of the FOMC minutes. The pair peaked at 110.04, the strongest level in three weeks and then pulled back modestly but it was still hovering around the 110...
EUR/USD Drops Sharply as Dollar Soars after FOMC Minutes The US dollar jumped in the market after the release of the minutes from the Federal Reserve latest meeting. According to the document, most officials saw a rate hike in June likely if economic conditions warrant...
FOMC Minutes: June Hike 'Likely' Minutes from the Federal Open Market Committee showed most officials saw June hike 'likely' if incoming data showed an improving economy...
The USD/JPY rebounded above the 109 level due to triggering some speculative shorts built up through early May. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
Morgan Stanley: At this stage Fed communication will be important for the further evolution of the USD. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
FOMC Minutes Preview: What to Expect of EUR/USD? The Federal Open Market Committee will publish the minutes of its April meeting at 18:00 GMT and investors will be scrutinizing the Fed’s language for signs on whether the bank plans to tighten policy further in June...
The 'Big Short': Commodity FX - Morgan Stanley This observation is consistent with global growth differentials offered suggesting that the riskier EM/commodity currency segment does not offer sufficient returns to keep capital locally deployed...
EUR/USD: Bearish Bias, 1.1325/75 Capping Rebounds - Lloyds Analysts from Lloyds Bank pointed out that the 1.1220 could be tested again, but is likely to hold ahead of the FOMC minutes; a break of that level could determine the next move of the EUR/USD pair...
What To Expect From FOMC Minutes? - Views From 8 Major Banks Morgan Stanley: At this stage Fed communication will be important for the further evolution of the USD...
Elliott Wave Analysis: GBPJPY In A Triangle; Possible Weakness Can Be In The Cards GBPJPY is quite interesting to watch for a potential trade. As we se price is trading in a sideways large range consolidation which as well might be a triangle with wave E soon to be completed...
GBP/JPY Jumps above 160.00 to 3-Week Highs The pound is rising sharply across the board on Tuesday boosted by Brexit polls results that showed an increase in favor of the “stay” position, while the yen is lower in the market, weakened by risk appetite and GDP figures from Japan...
WTI Surrenders Gains Post-EIA, Still above $48.00 The barrel of West Texas Intermediate is giving away part of its initial gains and returning to the $48.40/30 band following the EIA’s report. WTI sidelined above $48...
Crude Oil Inventories Rise Unexpectedly Crude oil dropped in the immediate aftermath of the latest official US oil inventories report from the EIA as traders responded to the headline build of 1.31 million barrels...
NZD/USD Expects a Consolidation Phase – UOB In opinion of analysts at UOB Group, the Kiwi dollar may trade in a sideline pattern in the next 1-3 weeks. Key Quotes “The unexpected break above the 0.6830 resistance (high of 0.6843) suggests that the recent downward pressure has eased...
