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FxWirePro: USD/KRW Fails to Find Support Above 1153, Intraday Bias Remains Neutral USD/KRW is currently trading around 1150 levels. It made intraday high at 1154 and low at 1150 levels. Intraday bias remains neutral for the moment...
USD/JPY Making Headway Towards 110.00 The USD/JPY pair caught fresh bid tone in the Asian session this session and resumed its upward trajectory, now printing fresh weekly highs. USD/JPY finds support ahead of daily pivot at 109...
Asian Stocks Subdued Ahead of Doha Meet, Ignore China Data The Asian stocks rally took a pause on the final trading day of this week, as a cautious tone prevailed in the markets ahead of the OPEC producers in Doha, while the regions’ indices failed to benefit from upbeat Chinese economic news...
AUD/USD Prints Fresh Highs Above 0.7700 on Chinese Data Having bottomed at the daily pivot at 0.7683 in the last hour, the AUD/USD pair is seen hovering at session tops following the Chinese economic releases. AUD/USD keeps 0.77 handle post-China data dump Currently, the AUD/USD pair rises 0...
Expectations heading into Sunday's meeting of OPEC and non-OPEC members in Doha, Qatar, have served to propel oil prices higher, with West Texas Intermediate and Brent crude posting new 2016 highs this week...
Fed's Lockhart weakened the dollar a bit. He actually spoke like a Fed official who is data dependent (just like they said they would be) - citing 1Q GDP that is soft. Some of the other Fed officials say "data dependent" but then argue for higher rates or say April meeting is "live...
Analysts from Lloyds Bank, favor a stabilization in theGBP/USD pair over the near term and they expect it to rise toward fair value around 1.47 by end-2016. “We forecast GBP/USD to move back towards fair value, around 1.47, by end-2016” “Having briefly fallen below 1...
Since the Fed divergence story began, the USD has become positively correlated to risk. However, we think the USD could start behaving like a ‘safe haven’ again due to the recent dovish turn in FOMC rhetoric...
The only thing worse for longs than a rising wedge is an upward sloping flag. Don’t get me wrong. Ascending and descending channels form all the time in trending markets...
CAD/JPY Bearish Below March High; Break Sub-84.57 Fuel Losses Talking Points CADJPY Rebound at risk- on the lookout for short-triggers Resistance at 86.21/ Broader Bearish invalidation at March high Updated targets & invalidation levels...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: The break below 1.1310, the 21-dma, encourages our bearish view towards initial targets near 1.1210 and then the 1...
The euro’s attempt to break higher against the US dollar following the more dovish policy signal form the Fed has failed in the near-term, notes BTMU. "As a result EUR/USD continues to remain range bound...
There are three reasons why the recent JPY uptrend may be turning: FX valuation, BoJ QE3 and FX flows. Here, we focus on the first two factors while FX flows will be discussed in a subsequent report. The latest JPY rally partly reflected excessive undervaluation fears...
USD/CHF Steady Around 0.9660 The Swiss franc is practically unchanged against the US dollar after moving during all Thursday in a small range, in a session of limited price action moves. USD/CHF peaked during the Asian session at 0.9687, the strongest since March 29, then it pulled back...
Analytical Review of JPMorgan Chase & Co.'s Shares JPMorgan Chase & Co., #JPM [NYSE] Finances, Banking, USA Financial performance: Index –DJIA, S&P 500; Beta – 1.65...
NZD/USD: Bullish Above Classic S3 at 0.6838 NZD/USD is chipping away at the 0.69 handle to the upside within the ascending channel formed as a recovery of the 2016 downtrend...
USD/JPY: Sentiment Back with the Long Side - BTMU Analysts at Bank of Tokyo Mitsubishi explained that USD/JPY has recently pulled back to the 109 level due to relaxing in USD selling and JPY buying...
GBP/USD: Participants Being Opportunistic in Adjusting Exposure - BBH Analysts from Brown Brother Harriman see market participants being opportunistic in adjusting sterling exposures and affirm that data suggests that in the options market puts are being bought...
