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What we have seen for the past months in the metals market has been increased volatility mainly caused by the diverging monetary policies of different central banks...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, April 21th EUR/USD pair has returned to 1.13 spot after nearly reaching 1.14. Euro lost almost cent against greenback on Wednesday, and now pair is trading in a flat range between 1.1290 and 1.1305...
Another set of underwhelming economic stats are released adding to evidence that the UK economy is slowing down. Bank of England likely to ignore data until after EU referendum Sterling's rally pauses alongside stock market profit-taking UK Retail Sales (month-on-month) for March read at -1...
Since the Fed announced its first rate hike in mid-December last year the dollar has weakened by around 4.5% against the euro from approximately 1.08 to 1.13. It is not that unusual for the greenback to depreciate following the initial rate increase in a new hiking cycle...
NZD/USD Grinds Lower, Drops to 0.6950 Session Low Irrespective of the range-bound moves in most major currencies, the NZD/USD pair has been slowly grinding lower and is currently trading at session low of 0.6953...
Bank of Tokyo-Mitsubishi UFJ (BTMU) argues that amid the current scepticism in financial markets over the power of monetary policy that any action next week may have limited impact on weakening the yen...
AUD/USD Still Aims to 0.7850 – UOB Analysts at UOB Group expect the Aussie dollar to gather further pace to the mid-0.7800s. Key Quotes “There is no change to our bullish as we continue to expect the current AUD strength to move to 0.7850 (break above this level would shift the focus to 0.7935)”...
EUR/GBP Could Slip Towards 0.7755/0.7654 – Commerzbank The European cross remains poised for a re-test of the 0.7755/0.7654 band, according to Axel Rudolph, Senior Technical Analyst at Commerzbank. Key Quotes “EUR/GBP remains below the February high at...
USD/CAD Door Open for Further Decline – Westpac According to Richard Franulovich, Strategist at Westpac, the pair remains poised for further downside...
USD/RUB Off 2016 Lows, Retakes 65.00 The Russian Rouble is now surrendering part of its recent gains vs. the dollar, with USD/RUB advancing to session highs near 65.40...
Technical Analysis of Silver for April 21, 2016 Technical outlook and chart setups: Silver rallies through fresh highs above $17.50 levels today. The metal is very close to taking out resistance at $17.75 levels...
Technical Analysis of Gold for April 21, 2016 Technical outlook and chart setups: Gold rallies to test recent highs at $1,260.00 levels, before pulling back. The yellow metal is trading around $1,257.00 levels for now, and might be looking to push through $1,266.00 levels which is the Fibonacci 0...
EUR/USD: Bearish: Diminished odds for further down-move. EUR touched a high of 1.1386 yesterday, holding just below the stop-loss for our bearish view at 1.1395. Despite the sharp drop from 1.1386, this pair has to crack the major 1.1230 support before a move towards our 1...
Renminbi Series: Is Yuan Depreciation Over? Depends How You Look After reaching as low as 6.6 per Dollar in January, Chinese Yuan has gained against Dollar to 6.45 level and has been consolidating there since late March. Chinese currency is now positive (+0.2) for the year...
EUR/GBP Extends Rebound Towards 0.79 on Weak UK Data The EUR/GBP cross caught a fresh bid-wave and now looks to test 0.79 barrier following the release of poor UK retail sales data, which dropped for the second month in March...
GBP/USD Challenges 1.4300 on Poor UK Data The sterling has come under renewed selling pressure, relegating GBP/USD to trade in the proximity of the 1.4300 key support...
Ascending Triangle identified at 21-Apr-04:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 157.94 within the next 22 hours. Supporting Indicators : Upward sloping Moving Average Resistance Levels : ( B ) 157...
GBP/USD Still Neutral, Waits for a Break of 1.4455 – UOB Analysts at UOB Group have suggested GBP/USD needs to close above the 1.4455/60 band in order to turn bullish in the near term. Key Quotes “As indicated yesterday, despite the rapidly improving momentum, GBP has to close above 1...
EUR/USD Rejected at 5-DMA, Back Below 1.13 ahead of ECB The EUR/USD pair turned back lower below 1.13 handle, reversing a spike to daily highs post-European open, as focus now remains on the ECB policy decision due later this session...
