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Daily Analysis of USDX for April 19, 2016 On the H1 chart, USDX is finding strong support around the 94.40 level, where a lower low pattern is being formed in order to reach new lows. A breakout should be expected below the 94.40 level in order to reach the short-term target around the 94...
Daily Analysis of GBP/USD for April 19, 2016 The week started with a bullish momentum on the GBP/USD, as it has been doing a rally above the 200 SMA and is now facing the resistance zone of 1.4278...
Markets Quickly Shrug Off Doha – Lloyds Bank Research Team at Lloyds Bank, notes that the RBA minutes overnight highlighted their continued accommodative stance until inflation picks up, but also acknowledged the positive signs in the economy...
After a cracking quarter final showdown, we're down to the last 4. Manchester City take on Real Madrid and Atletico Madrid are drawn against Bayern Munich on 26 / 27 April in what promises to be two huge battles in the race to be named Champions of Europe...
US Economic News “Mostly Favourable” - ANZ Research Team at ANZ, notes that the Fed Vice Chair and New York president Dudley called US economic news “mostly favourable” and cited improvement in Europe’s growth outlook...
RBA Minutes: Higher AUD Could Complicate Economy Rebalance The minutes of the April 5th RBA meeting when interest rates were held steady at 2%, and in which the Central continued to maintain a soft dovish bias to ease further if needed, have been released...
FxWirePro: GBP/NZD Extends Consolidation Near New 11-Month Lows at 2.0417 GBP/NZD has been trading a falling wedge formation and has hit fresh 11-month lows at 2.0417 on Monday's trade. Uncertainty around the Sterling in the run-up to the EU referendum likely to keep the pair depressed...
FxWirePro: NZD/JPY Intraday Sentiments Bullish and Wise to Catch Rallies for Shorts on Delivery Basis Jump 21DMA may drag rallies upto 76.951 but don't have open longs for long term basis. From yesterday, the pair rallied continuously from 74.141 to 76.449 levels...
GBP/JPY Breaks Major Resistance 155.80, Targets 158.20/158.80 Major Resistance – 155.80 The pair has broken major resistance 155.80 and jumped till 156.19. It is currently trading around 156.01. Intraday trend is slightly as long as support 154.95 (7 day EMA) holds. Any violation below 154...
China: Spreading the Industrial Restructuring Pain - ING Tim Condon, Chief Economist at ING, suggests that as the risk-on prevails and following their re-pricing in 2015 for a China hard landing, the repricing of financial assets in 2016 for something softer can proceed...
German ZEW Preview: What to Expect of EUR/USD? The EUR/USD pair remains strongly bid above 1.13 handle in the European morning, although eased-off highs following a positive start on the European indices. The major finally broke above 1...
Oil Dips in Asia on Oversupply Worries, API Report Eyed Oil benchmarks on both sides of Atlantic rebounded sharply from Doha disappointment induced sharp losses the day earlier, only to find run through fresh offers this Tuesday, as the supply glut worries resurface following failed Doha negotiat...
Yesterday, we updated our analysis and forecast on USDCAD and stated that the major move down is not complete: "In this 4h chart, currently we have a clear a-b-c structure from the lows and prices have re-set all their oversold levels...
FxWirePro: US Oil Faces Strong Resistance at $40.40, Good to Sell on Rallies Major Resistance - $40.40 (200 day MA) The commodity has recovered after making a low of $37.56. It is currently trading around $39.83. Short term trend is weak as long as resistance $40.40 holds...
FxWirePro: EUR/JPY Holds Upside ahead of Crucial German ZEW Data, Bias Higher EUR/JPY bounced off from fresh 3-year lows at 121.71 on Monday and is holding gains above the 123 handle. Markets await the crucial Germany ZEW Economic Sentiment data due ahead in the European session...
FxWirePro: NZD/CAD Faces Strong Support at 0.8850, Good to Buy at Dips Major Resistance- 0.902 Major support – 0.8850 The pair has recovered after making a low of 0.88698. It is currently trading around 0.89404...
FxWirePro: EUR/SEK Fails to Break Key Support at 9.1501, Intraday Bias Remains Bullish EUR/SEK is currently trading around 9.1831 levels. It made intraday high at 9.1832 and low at 9.1625 levels. Intraday bias remains bullish for the moment. A daily close below 9...
IMF Meetings Takeaways – Deutsche Bank Research Team at Deutsche Bank, lists down the key takeaways from the most recent IMF meeting. Key Quotes “Slowing growth momentum, particularly in China, EU, Japan, and the US, is seen as fait accompli...
Market Movers for the Day – Danske Bank Research Team at Danske Bank, suggests that in the euro area, we get data for the German economic sentiment indicator ZEW expectations, which we expect to remain at the current low level as indicated by the Sentix investor confidence...
