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EUR/GBP Still Struggling Below 0.7800 Handle The EUR/GBP pair on Friday is trading with minor gains near 0.7780 and is attempting a fresh move towards 0.7800 level, above which it has repeatedly struggled to sustain its strength...
EUR/JPY on the Verge as 122.00 Support Re-tested EUR/JPY, just like GBP/USD flirting with 1.4650, is also playing with fire as it re-visits a key support at the 122...
After yesterday's #BoJ meeting, #USDJPY has dropped by 3%. According to some analysts, the reaction was too strong and unreasonable. Nevertheless, the yen is likely to continue to grow. Find out more by checking out the Source Link...
Asian Markets Mix, USD/JPY Hits Lowest Level Since October 2014 and Gold Rises to Seven Week High All the major Asian indices are trading on a mix note on the last working day of the week. Japanese banks will be closed in observance of Showa Day. Today USD/JPY falls below 107...
FxWirePro: EUR/JPY Edges Higher from Weekly Lows at 121.88, Bias Lower EUR/JPY edges higher from weekly lows at 121.88 to retake the 122 handle, but bias remains to the downside. Our previous call (http://www.econotimes...
USD/CAD Eyeing 1.2500 Level to Extend Some Support Weak USD GDP print and rising crude oil prices continued pressing the USD/CAD pair lower and the pair is now inching closer to 1.2500 handle, level that has not been tested since June 2015. From 2016 peak of 1...
USD/JPY: 200-Day MA Should Underpin Market - Commerzbank Karen Jones, Head of FICC Technical Analysis Research at Commerzbank AG, shares her technical analysis on USD/JPY, noting that the 200 month moving average at 105.86 should underpin the market at this stage...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and all with low to medium risks associated. Data released so far – New Zealand – ANZ activity outlook rose to 32.1% for April, compared to 29.4% prior. ANZ business confidence rose to 6.2 from 3.2 prior...
FxWirePro: NZD/JPY Sees Strong Downside Bias, Good to Sell Rallies NZD/JPY price action breaks below daily cloud and bias is strongly to the downside. The pair has broken strong trendline support at 75.70 on Thursday's trade...
EUR/USD: Neutral: Daily close above 1.1400 would target 1.1460/65 and beyond. As mentioned yesterday, while the outlook for this pair is deemed as neutral (between 1.1200 and 1.1400), the odds for a break above 1.1400 are higher than for a break below 1.1200...
Our dollar framework has centered around trading the “USD Smile”. Currently, we are sitting at the bottom of the smile – and it’s not until either the US economy outperforms, or the rest of the world begins to slow down – that the USD can find a firmer footing...
...For markets, the perceived lower boundary of negative policy rates (ECB), maxed out fiscal policy (if you if subscribe to the Reinhart-Rogoff view), and the asymmetric risks facing the FOMC have fostered expectations of ‘policy inactivity’...
While the RBA may maintain a dovish bias, Governor Stevens comments that monetary policy is not a cure-all imply that he has little desire to actually cut rates further. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
FxWirePro: Spot Gold Rises 1 Pct to 7-Week High of $1,280 on Weaker Dollar, Intraday Bias Remains Bullish XAU/USD is currently trading around $1274 mark. It made intraday high at $1280 and low at $1264 levels. Intraday bias remains bullish till the time pair holds immediate support at $1262 marks...
June is gearing up to be an important month, with a host of key events taking place that will set the risk tone for the remainder of 2016. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
USD/JPY: How Far Will Flying On One Engine Get You? - Credit Agricole USD/JPY dropped sharply in response to the BoJ’s policy inaction in April. The outcome eroded the market’s belief that the BoJ will be easing anytime soon, if at all, and may argue for further JPY appreciation...
Intra-day Market Moving News and Views (USD/JPY) USD/JPY - ...... Although dlr stabilized in o/n New York after falling the most in 5-year from 111.88 (Asia) to as low as 108.88 due to surprised BoJ's unchanged monetary policy decision, price had fallen again after meeting renewed selling at 108...
JPY: All-Japan Core Inflation Rate Lower than Consensus – Nomura Research Team at Nomura, notes that in March the all-Japan core CPI (general index excluding fresh food) fell 0.3% y-y, below the consensus of -0.2% (Bloomberg survey median) and down from 0.0% in February...
NZD: RBNZ Kept Cards Close to the Chest – ANZ Research Team at ANZ, notes that the OCR was maintained at 2.25% by RBNZ and a clear easing bias was retained (“further policy easing may be required”...
