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EUR: Flirting with the Month Long Range - BBH Research Team at BBH, suggests that the euro has yet to convincingly breakout of the range that has confined it this month and that would require a break of the $1.1300 area...
USD/JPY Eyes 112.00 in the Near Term – Westpac According to strategists at Westpac, the pair remains poised to test the 112.00 area in a month’s view...
GBP/USD Outlook Turned to Neutral – UOB The research team at UOB Group has shifted its focus to neutral in GBP/USD. Key Quotes “We turned neutral yesterday but were of the view that the prevalent rebound in GBP has room to extend higher to test 1.4380 and 1.4450”...
EUR/GBP Tumbles to 0.7930 on EUR Weakness EUR/GBP has accelerated its daily decline to the area of 0.7930. or multi-day troughs. EUR/GBP in 2-week lows The European cross is posting weekly losses for the first time after five consecutive advances - including a fresh cycle in the vicinity of 0...
The most striking feature of the latest USD sell-off is that it is not accompanied by any significant adjustment in the market’s Fed rate-hike expectations...
Hello, traders. Today I would like to share about one of trading strategy, base on Support and Resistance levels. As we know, trading in forex markets is not easy. We should always provide time to learn. :) Here I will take a Swing trade for an example. First time when facing the market...
Perfect storm for USD/JPY is a big challenge for the BoJ: Pressure on the Bank of Japan (BoJ) to ease monetary policy is mounting as USD/JPY has declined more than 11% since the beginning of the year, while the nominal effective JPY exchange rate has increased to 2013 levels...
Today’s short position in EURUSD was closed in target booking 750+ pips. While it is never clever going against the trend the reasons why Buying EURUSD has better odds are: It is currently trading in oversold zone ...Read More Capitulation...
UBS maintains its targets for EUR/USD at 1.14 by the end of Q2, and at 1.16 by the end of the year. *UBS AG is a Swiss global financial services company, incorporated in the Canton of Zurich,[2] and co-headquartered in Zurich and Basel...
The Bank of Canada holds its much anticipated April meeting tomorrow. The decision will come alongside a new Monetary Policy Report, which will include updated forecasts that take into account the new fiscal stimulus for the first time...
EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. The short-term EUR strength touched a fresh high of 1.1464 but did not threaten the key resistance at 1.1495. While the upward pressure has eased with the sharp pull-back from the high, it is still too early to expect a sustained down-move...
USD/CAD Regains 1.2800, Looking to Stabilize Here It seems the greenback has recovered the smile on Wednesday, with USD/CAD now retaking the 1.2800 neighbourhood. USD/CAD attention to oil, BoC CAD is shedding part of its recent gains vs...
IMF Has Its Say – Investec Research Team at Investec, suggests that the IMF hit the headlines yesterday as it cut its 2016 global growth forecasts to 3.2% from 3.4%. Key Quotes “The IMF also said a UK exit from the EU could cause ‘severe regional and global damage’...
AUD/JPY Fails Once Again Near 84 Handle and Retreats The AUD/JPY cross traded volatile so far this session, although remains underpinned by the relentless rise in the USD/JPY pair amid risk-on trades at full steam. AUD/JPY fresh sellers queued up near 84 handle The AUD/JPY pair now advances +0...
Oil in Global Economy Series: Big Traders See Better Balanced Market in 2016 While global benchmark Brent crude reached new 2016 high yesterday, at $44.8/barrel (CFD), optimisms were plenty in Commodities Global Summit, organized by Financial Times...
FXWIREPRO: USD/ZAR Fails to Break Key Support at 14.64, Good to Buy on Dips Pair is currently trading around 14.76 marks. It made intraday high at 14.78 and low at 14.66 levels. Intraday bias remains bullish till the time pair holds key support level at 14.64 levels...
FXWIREPRO: GBP/USD Faces Major Intraday Support at 1.4180, Good to Buy at Dips Major Support – 1.4185 (200 day MA) Cable has recovered yesterday after making a low of 1.41965 (near 200 HMA) .It is currently trading around 1.42391. Intraday trend is slightly bullish as long as support 1.4185 holds...
USD/CAD Sell the Strength Into 1.2925 – Westpac According to strategists at Westpac, bullish attempts towards 1.2920 could be considered as selling opportunities. Key Quotes “Our USD/CAD stance has shifted 180 degrees”...
