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USD/JPY: Downside Towards 106.63 to Play for USD/JPY is threatening the commitments of the bulls below the 108 handle still and the Yen retains the top spot on the board after yesterday's BoJ showdown. As analysts at Westpac explained, "USD/JPY had been at 111...
Looking at What's on the Board - ANZ Analysts at ANZ offered insights and themse across the board. Key Quotes: "EUR/USD is likely to remain sandwiched between competing forces, implying no imminent return of large or persistent trends. That said, downside risks are building once again...
FxWirePro: Aussie Falls Against Major Peers on the Back of Lower Than expected Producer Price Index Data AUD/NZD is trading around 1.0952 marks. Pair made intraday high at 1.0966 and low at 1.0926 marks. Australia's Producer Price Index fell 0.2% in the March quarter easing from 0...
FxWirePro: ASX200 Faces Strong Support at 5140, Good to Buy at Dips Major resistance - 5300 Major Support - 5140 (200 day MA) ASX200 has recovered TILL 5256 after making a low of 5165. It is currently trading at 5270. Short term trend is slightly bullish as long as support 5140 holds...
FxWirePro: Nikkei 225 Faces Major Resistance at 16600, Good to Sell on Ralliies Major resistance - 16600 Nikkei index dives off more that 3% on thrusday after BOJ surprised markets by holding off fresh stimulus...
FxWirePro: USD/JPY Falls Below 107.10, Hits Lowest Level Since October 2014 USD/JPY is currently trading around 107.24 marks. It made intraday high at 108.19 and low at 107.07 levels. Intraday bias remains bearish for the moment. A daily close below 107...
FxWirePro: Singapore Dollar Hits Fresh Weekly High Against US Dollar, Good to Sell on Rallies USD/SGD is currently trading around 1.3407 marks. It made intraday high at 1.3465 and low at 1.3404 levels. Intraday bias remains bearish till the time pair holds initial resistance at 1.3489 levels...
EURUSD Daily Forecast: April 29 2016 EURUSD Forecast The EURUSD had another indecisive movement yesterday but overall still able to maintain its bullish intraday bias and still print higher lows and highs. The bias is bullish in nearest term...
GBPUSD Daily Forecast: April 29 2016 GBPUSD Forecast The GBPUSD had a bullish momentum yesterday topped at 1.4622. The bias is bullish in nearest term testing 1.4670 which is a good place to sell with a tight stop loss. Immediate support is seen around 1.4550...
USDJPY Daily Forecast: April 29 2016 USDJPY Forecast The USDJPY had a strong bearish momentum yesterday after BOJ decided to hold the monetary policy and continue asset purchases. Technically, this fact interrupts the bullish correction phase. The bias is bearish in nearest term retesting 107...
USDCHF Daily Forecast: April 29 2016 USDCHF Forecast The USDCHF had a bearish momentum yesterday broke below 0.9715 and the bullish channel as you can see on my daily chart below. The bias is bearish in nearest term testing 0.9570. Immediate resistance is seen around 0.9715...
Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en/?affid=0fd9105 Arguments for a 1-3M dip in EUR/USD...
EUR/USD: We have turned neutral in the short term following a succession of higher daily closes. Overall, we would prefer to fade gains against the 1.1465 range highs. A move below initial targets near 1.1210 would confirm our bearish view towards the 1.1145 range lows and then the 1.1065 area...
USD/JPY – NEUTRAL BIAS – (107.00-109.50) The BoJ left its monetary settings intact today, even though market expectations of further monetary easing were rising until the last minutes of the meeting. After the BoJ’s statement was released, USD/JPY dropped markedly to the 108.00-level...
The FOMC made only incremental changes to its policy statement on Wednesday, leaving forward guidance unchanged. The statement signalled a reduction in concerns relating to the external environment, with language about global economic and financial risks dropped...
A string of disappointing monthly reports set us up for a weak Q1 GDP print, so today's news was more of a yawner for financial markets. The headline growth rate of 0.5% was only a hair under expectations, with consumer spending at 1...
Overnight, the main focus was on Japan, where the BoJ surprisingly left monetary policy unchanged...
USD/JPY Back to Daily Lows USD/JPY attempted to move off daily lows during the American session and after GDP data from the US, but the recovery was short-lived and price is back near 108.00. The pair is consolidating significant daily losses (down 3.00%) while it continues to test the 108...
USD/JPY: Fell Back for Re-Test of 107.60 - BTMU Analysts at Bank of Tokyo Mitsubishi explained that the yen has strengthened sharply following the BoJ’s “surprise” decision to leave monetary policy unchanged...
