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CHF/JPY Trade Idea Major resistance – 114.65 (200 4 HMA) Major support – 113.40 The pair has broken minor resistance 114.27 and jumped till 114.59. It is currently trading at 114.59. Short term trend is slightly bullish as long as support 113.40 holds...
Crude Oil Hits Fresh 2016 High On Wednesday, WTI crude oil futures rose to $45.10 mark, hitting its highest level in 2016, before retracing a bit to $44.80 ahead of weekly inventory data and the key Fed monetary policy decision...
US FOMC Preview: 10 Major Banks Expectations We are closing into the FOMC’s April policy meet decision and the markets are going into the FOMC announcement without many expectations...
USD/CAD Dips Below 1.2600 Mark to Hit Fresh 2016 Low Tracking strength in WTI crude oil prices, the USD/CAD pair dropped to fresh 2016 low of 1.2574 before attempting a pull-back towards 1.2600 round figure mark...
AUD/USD Slammed to 0.7600 Mark on Weak Australian CPI Data The AUD/USD pair witnessed a sharp fall on Wednesday, dropping to 0.7600 round figure mark, as Australian core CPI fell to its lowest level since 1999...
NZD Slipped by 0.3% in Response to the AUD Move - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the NZD has fallen 0.3% in response to the AUD move, so driving AUD/NZD sharply lower. Key Quotes “I’d rather be short NZD/USD than AUD/USD around these levels...
CHF/JPY Faces Strong Resistance at 114.65, Break Above Targets 115.20/116 Major resistance – 114.65 (200 4 HMA) Major support – 113.40 The pair has broken minor resistance 114.27 and jumped till 114.59. It is currently trading at 114.59. Short term trend is slightly bullish as long as support 113...
AUD: Short-Term Market Caught the Wrong-Footed – BBH Research Team at BBH, suggests that the short-term market was caught the wrong-footed when Australia reported an unexpected decline in Q1 CPI. Key Quotes “The 0.2% decline contrasts to expectations for an increase of the same magnitude...
GBP/NZD Surges Post UK GDP Data The GBP/NZD pair surged past 2.1300 mark to trade near day's peak of 2.13300 after the first quarter UK GDP meet consensus estimates...
Given today's saturated news background, it is too risky to hold long positions in #USDJPY. It is recommended to close positions and to stay out of the market. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
#USDCAD continues to decline in the medium-term downward price channel amid #oil prices strengthening. It is recommended to consider closing of short positions at current levels. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Pre-Requisite Reading: GLD, The Bullish Case for Gold We are currently positioned short in XAUUSD from 1259.4 level, however this pair did not react the way we would have preferred around 1233.00 level...
Pre US Open, Daily Technical Analysis Wednesday, April 27, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the upside prevails. Pivot: 1.1270 Most Likely Scenario: long positions above 1...
USD/CAD Recovery from 9-Month Lows Falters Near 1.2600 The USD/CAD pair is seen trying hard to extend the recovery above 1.26 handle, but in vain, as higher oil prices and a broadly lower USD continue to weigh. USD/CAD rejected near daily pivot Currently, the USD/CAD pair drops -0.09% to 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, April 27th GBP/USD trades slightly lower near Europe, consolidating in upper 1.45. Pair is feeling confidence this morning amid broad based US dollar weakness and growing anti-Brexit support...
EUR/USD Retraces from High but Holds Above 1.1300 Mark The EUR/USD pair witnessed a sudden spike to 1.1333 before retracing back to 1.1300 mark, holding with some minor gains in a range-bound trade...
USD/JPY Bounces-Off 111, Tests 5-DMA Before FOMC The US dollar managed to recover losses versus its Japanese counterpart in the European session, now pushing USD/JPY to fresh daily highs on 111 handle...
