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Nonfarm Payrolls Preview - Westpac Analysts at Westpac explained that the consensus for US Apr non-farm payrolls is 200k, after 215k in Mar and 245k in Feb...
GBP/USD: Downside Limited, Target Above 1.4515 - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair fell down to 1.4438 this Thursday, but dips in the pair ever since the day started have sent the pair quickly back towards the 1...
NZD/USD: Rising Channel Compromised, Target 100 DMA NZD/USD is consolidated at a key level within the rising daily channel. The downside has come back on to play and the bears are starting to make a strong case for a breakout to the downside with a double top at the mid way point of the 0...
RBA Quarterly Statement Coming Up - ANZ Analysts at ANZ noted that the RBA’s quarterly Statement on Monetary Policy is released today. Key Quotes: "After the rate cut earlier this week it will be a key focus for markets...
EUR/USD: We have turned bearish following Wednesday’s low close. We are looking for a short-term squeeze lower towards targets near 1.1360. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en/?affid=0fd9105 USD/JPY: We have turned bullish in the short term...
EUR/GBP Falls After 4-Day Rally EUR/GBP is losing 50 pips on Thursday despite another weak economic report from the United Kingdom. During the American session, the pair printed a fresh daily low at 0.7860, the lowest since Tuesday. The pair started the day above 0...
Brexit Fears Impending on UK Growth - Scotiabank Analysts at Scotiabank explained that UK Markit/CIPS services and composite PMI data came in below expectations for April at 52.3 (versus a market consensus of 53.5) and 51.9 (53.2) respectively...
EUR/USD: This is All about the Greenback - BTMU Analysts at Bank of Tokyo Mitsubishi explained that the main driver of the move higher for EUR/USD in recent months has been broad based US dollar weakness rather than euro specific factors...
NZD/USD: Daily Double Top, Target 0.6720? NZD/USD remains within the rising daily channel, but is starting to make a case for a breakout to the downside with a double top at the mid way point of the 0.70 handle and another set of down intra-sessions. NZD/USD lost the 0...
EUR/USD Clings to 1.1400 After losing more than a hundred pips throughout the day, EUR/USD found support at the 10-day SMA and entered a quieter phase, as investors attention turns to the US nonfarm payrolls report due on Friday. EUR/USD extended its pullback from an 8-month peak of 1...
Nonfarm Payrolls: Expect the Unexpected The US economy is expected to have added roughly 200,000 new jobs in April, way too optimistic, given these last few day's macroeconomic releases. Adding to a quite disappointing US growth in the first quarter, as the advanced GDP reading came in a 0...
GBP/USD Consolidates Near 10-Day Lows GBP/USD has spent the last hours in a narrow range, unable to set short-term direction, after hitting 10-day lows amid broad USD strength and disappointing UK data released during the European session. GBP/USD bottomed out at 1...
FX and Oil Correlation - Rabobank We are all oil analysts now. This mantra has been stated time and time again of late given the close relationship between oil and asset prices across markets. Key Quotes: "Of course, this theme is not new but the question of how long it will last remains key...
USD/CHF: Rebound from the Low Line of the Channel. Technical Analysis of 05/05/2016 Review and dynamics From the level of 1.0300 in December 2015 the pair USD/CHF has dropped by over 700 points by now. On the daily chart the pair declines in the channel with the lower limit at the level of 0...
USD/CHF: There are Grounds for the Rise in the Pair. Fundamental Analysis of 05.05.2016 Although the pair USD/CHF has reached 8-month lows, it is advisable to be careful when opening short positions on the pair. It happens that historically May is a favourable month for the USD...
FxWirePro: AUD/USD Outlook Weaker on Renewed Downside Pressure AUD/USD pair inched higher in the Asian session as the pair was lifted up after upbeat retail sales data from Australia. Immediately after the data release the pair rose towards 0.7500. However, after finding resistance at 0...
EUR/USD: NFP to Decide on the Reversal - MUFG According to analysts from The Bank of Tokyo-Mitsubishi UFJ, the Non-Farm Payroll report on Friday will dictate whether recent US dollar weakness continues to reverse...
USD/CHF Hits 1-Week High, Nears 0.9700 The US dollar extended its rally versus the franc during the New York session, reaching its highest level in a week, just a few pips below the 0.97 mark. USD/CHF continued to recover from an 8-month low of 0...
GBP/USD: Technical Outlook Biased to the Downside - Lloyds Analysts from Lloyds Bank point out that after the reversal from 1.4770, the technical outlook points to the downside and they continue to see in the medium term, price in ranges. Key Quotes: “The impulsive reversal after spiking up to 1...
