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NZD/USD: Supply Caps Minor-Recovery Near 1hr 200-SMA The bid tone surrounding the NZD weakened in late-Asia, dragging NZD/USD lower from daily tops reached ahead of hourly 200-SMA at 0.6933. NZD/USD: Upside capped amid negative equities Currently, the NZD/USD pair trades 0.06% higher at 0...
APAC Currency Corner-Rollercoaster Rollercoaster ride for Aussie A sharp U-turn in WTI oil prices was all it took to send the Aussie spiralling downwards after touching a 10-month peak...
Go Long AUD/NZD – SocGen Alvin T. Tan, Research Analyst at Societe Generale, suggests that the likely monetary policy divergence between the RBA and RBNZ should drive AUD/NZD higher...
Markets reversed sharply on Thursday, with the dollar ending higher and oil prices giving up big early gains, as global investors grapple with the prospect that the Federal Reserve could raise interest rates sooner than expected. A drop in U.S...
FxWirePro: Kiwi Continues to Fall Against Aussie, Intraday Bias Remains Bullish AUD/NZD is trading around 1.1207 marks. Pair made intraday high at 1.1219 and low at 1.1186 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.1150 marks. A daily close below 1...
Nikkei Breaks Major Resistance 17300, Jump Till 17600/17870 Is Possible Major resistance - 17300 The index has broken major resistance 17300 and jumped till 17367 at the time of writing. It is currently trading around 17359...
FxWirePro: USD/KRW Remains Well supported Above 1135, Good to Buy on Dips USD/KRW is currently trading around 1140 levels. It made intraday high at 1141 and low at 1138 levels. Intraday bias remains bullish till the time pair holds immediate support at 1135 marks...
FxWirePro: Traders Enjoying Roller Coaster Movement in Gold, Hovers Around $1250 in Early Asian Hours XAU/USD is currently trading around $1250 mark. It made intraday high at $1252 and low at $1243 levels...
Intra-Day News and Views & Data to be Released Today (USD/JPY) USD/JPY - ...... The greenback ratcheted lower after an initial gain to 109.90 in Australia on Thursday and fell to 109.33 in New York on cross-buying in yen, then marginally lower to 109.26 in Tokyo morning on Friday...
USD/JPY Recovery Stalls at 109.50 Amid Broad USD Weakness Fresh offers emerged at 109.50 levels in the last hour, capping the recovery in the USD/JPY pair from ahead of hourly 100-SMA as the US dollar corrected lower across the board...
Oil Rebounds, Set for Third Straight Weekly Rise Oil benchmarks on both sides of Atlantic resumed its upward trajectory on Friday, reversing a temporary slide seen the day earlier and remain poised to book third straight week of gains...
Asian Stocks Attempt Recovery Amid Higher Commodities The Asian stocks dropped this Friday, after three consecutive sessions of gains, tracking losses from the Wall Street overnight...
EURUSD Daily Forecast: April 22 2016 EURUSD Forecast The EURUSD attempted to push higher yesterday topped at 1.1397 but whipsawed to the downside and closed lower at 1.1286. The bias is bearish in nearest term testing H4 EMA 200 located around 1.1250 as you can see on my H4 chart below...
GBPUSD Daily Forecast: April 22 2016 GBPUSD Forecast The GBPUSD attempted to push higher yesterday topped at 1.4440 but whipsawed to the downside and closed lower at 1.4320. The bias is bearish in nearest term testing 1.4240 region. Key resistance remains between 1.4400 – 1...
USDJPY Daily Forecast: April 22 2016 USDJPY Forecast The USDJPY didn’t make significant movement yesterday. The bias is neutral in nearest term. The major bearish scenario remains valid but price is in a bullish correction/consolidation phase since found support at 107...
USDCHF Daily Forecast: April 22 2016 USDCHF Forecast The USDCHF attempted to push lower yesterday bottomed at 0.9647 but whipsawed to the upside and closed higher at 0.9750. The bias is bullish in nearest term testing 0.9800 before targeting 0.9900. Immediate support is seen around 0.9715 – 0...
There has become conventional wisdom among many market participants that the 27 February G20 meeting resulted in a deal among the major economies to curb USD strength, or at least to no longer seek to weaken their own currencies. ...We are sceptical that such a deal was reached by the G20...
The Australian dollar is up nearly 10 cents in the past two months as commodity prices and risk sentiment improved. But today after touching a fresh 9-month high of 0.7836 the pair almost immediately reversed and sank to 0.7733. That could be a topping sign but first, let's look at the chart...
Only a bit over two months ago, global investors were wildly risk averse and had a laundry list of concerns to fret, from low oil prices and falling equities to uncertainty about when the Federal Reserve might again be raising rates...
