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NZD/USD to Trade at 0.68 by End of 2016 The New Zealand dollar has appreciated gradually against the US dollar since it hit 0.6350 in mid-January. The NZD appreciated in spite of the RBNZ unexpectedly lowering rates during its March meeting...
NZD/USD Needs to Close Above 0.70 – UOB In opinion of analysts at UOB Group, the Kiwi dollar needs a close above 0.70 vs. the greenback in order to shift to a bullish outlook. Key Quotes “The unexpected strong rally clearly bodes well for NZD but we prefer to wait for a daily closing above 0...
EUR/USD EURUSD Pushing higher. EUR/USD is approaching 1.1400. The pair is moving within an uptrend channel. Hourly support can be found at 1.1144 (24/03/2016 low) and resistance at 1.1465 (12/04/2016 high). Stronger support is located a 1.1058 (16/03/2016 low). Expected to show further increase...
USD/CAD Keeps the Bearish Outlook – Scotiabank FX Strategist at Scotiabank Eric Theoret sees occasional bullish attempts as selling opportunities. Key Quotes “Monday’s brief rally through the upper 1...
EUR/JPY Still Focused on 120.00 – Commerzbank Senior Technical Analyst at Commerzbank Axel Rudolph has noted the relevance of the 120.00 key support. Key Quotes “EUR/JPY remains under pressure and attention remains on the 120...
US Dollar Slumps to Lows Near 94.00 Another day, another drop in the US Dollar Index, now hovering over multi-day lows in the 94.00 neighbourhood. US Dollar weaker after US releases The index is losing ground for the third consecutive session today, challenging the critical support at 94...
Gold Surpass 1250 Mark Disappointing US housing data provided the required boost for Gold to extend its momentum and move above $1250 psychological mark...
GBP/USD Picks Up Pace, 1.44 Closer The sterling has now accelerated its upside momentum, taking GBP/USD to the vicinity of the critical barrier at 1.4400 the figure. GBP/USD stronger ahead of Carney Spot is trading at shouting distance from the 1...
It appears that last weekend’s rather disappointing outcome of Doha talks had only limited impact on investors’ appetite for risk assets. This is especially true as commodity currencies such as the AUD and NZD were among the strongest currencies since the start of the week...
EURUSD has been quite predictable this week, and both short and long positions have worked well. However, now it is stuck in consolidation mode, which may either be hesitation before a rally or consolidation before ...Read More...
The British pound is seen motoring higher against the US dollar and euro thanks to stronger than expected German confidence data...
The EUR has come off its highs and this should presumably lessen the concerns at the Governing Council that unwarranted FX appreciation will add to the headwinds for growth and inflation. This need not mean, however, that the ECB is now more relaxed about the outlook for the Eurozone...
The upward movement of #GPBUSD continued, and it has involved us into a long position. This movement is developing a good pace, and this gives us reason to add volume to the position, according to the signals. Just published at http://bit.ly/1TgRTtX Find out more by checking out the Source Link...
A direction of #USDJPY is constantly changing, and it does not give a chance to stay in the market for a long time. Thus, the sale from 108.89 was closed with a small loss. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Short exposure in the GBP remains at an extreme according to BNP Paribas FX Positioning Analysis. The UK data calendar picks up later in the week with the release of the February employment report (Wednesday) and March retail sales (Thursday...
While a gradual pace of increases in the fed funds rate is appropriate, Boston Federal Reserve Bank President Eric Rosengren said Monday financial markets are too pessimistic in their view of rate increases over the next few years...
The main focus will be on the release of the RBA meeting minutes. They should confirm a somewhat more cautious stance when it comes to a higher currency’s tightening impact on monetary conditions. Considering capped rate expectations, it will be down to external factors to drive the currency...
After having eased its monetary policy stance significantly in March we expect the Governing Council to maintain its strategy following this Thursday’s meeting. As recent economic data do not indicate a worsening of the inflationary outlook, the ECB’s easing bias will be retained...
USD/JPY still bearish below 109.74 – Commerzbank According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair’s perspective remains bearish while below 109.74. Key Quotes “USD/JPY nearly retested its April low at 107.63 before bouncing back”...
