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GBP/USD Drops Below 50-DMA GBP/USD is back below 50-DMA level of 1.4250 in early Europe despite China led risk-on in the financial markets. Trades below key Fibo At 1.42478, the spot is also trading below 1.4252 (50% of 1.4669-1.3835) levels...
BoC and US Retail Sales Amongst Market Movers for Today – Danske Bank Research Team at Danske Bank, suggests that in the US we get data on retail sales in March, which we expect to show control group sales increased by 0.3% m/m...
FXWIREPRO: NZD/CAD Forms Bullish Bat , Good to Buy at Dips Harmonic Pattern Formed – Bullish Bat pattern Potential Reversal Zone (PRZ) – 0.8750 The pair has recovered after making a low of 0.88140. It is currently trading around 0.8855. Intraday trend is slightly bullish as long as support 0...
FXWIREPRO: AUD/JPY Extends Gains Above 10-Dma at 83.50, Stay Long Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-bounces-off-strong-trendline-support-at-8075-good-to-buy-dips-192968) has hit all targets...
Gold Drops as China Data Triggers Risk-On Gold prices fell as rise in China’s exports figure triggered a wave of risk-on buying in the Asian equity markets. Nears hourly 100-MA Prices plunged to near hourly 100-MA level of $1246 levels before trimming losses to trade around $1250/barrel levels...
EUR/JPY Firmer, Closer to 124.00 The offered tone around the Japanese Yen is bolstering the ongoing upside in EUR/JPY, currently hovering over 123.80...
FXWIREPRO: AUD/USD Spikes Above 0.77 Handle on Upbeat Chinese Exports Data, Momentum Bullish Aussies bulls received fresh impetus from stronger than expected Chinese trade data...
FXWIREPRO: Go Long in USD/SGD Around 1.3450, Stop Loss 1.3423 and Target 1.3492 USD/SGD is currently trading around 1.3450 marks. It made intraday high at 1.3469 and low at 1.3428 levels. Intraday bias remains bullish till the time pair holds initial support at 1.3423 levels...
Brexit: Worse for the UK than the Rest of the EU - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that an ICM poll on the UK’s EU membership vote yesterday gave the ‘leave’ side one of its best results so far, at 45%, compared to 42% to remain in the EU...
USD/CAD Attempts Tepid-Bounce as Oil Turns Lower The US dollar attempts a minor-recovery against its Canadian counterpart in early Europe, now pushing USD/CAD gradually away from multi-month lows. USD/CAD tested Tuesday’s high Currently, the USD/CAD pair drops -0.95% to 1...
EUR/GBP Dips to Lows Near 0.7970 EUR/GBP continues to suffer the selling interest around the single currency, now testing daily lows in the 0.7970 area...
BOJ’s Harada: BOJ will Fully Debate Additional Easing Steps If Needed to Respond to Economic Risks The Bank of Japan (BOJ) board member Yutaka Harada returned on the wires via Reuters now, noting that in theory, BOJ has more room left to lower rates...
AUD: Recovery Across the Non-Mining Economy is On Track - NAB Research Team at NAB, suggests that the recent Australian business survey outcomes suggest the recovery across the non-mining economy is on track or indeed gathering speed...
FXWIREPRO: Gold Hovers Around Key Support at $1252, Good to Buy on Dips XAU/USD is currently trading around $1252 mark. It made intraday high at $1256 and low at $1251 levels. Intraday bias remains bullish till the time pair holds key support at $1248 marks...
SGD Thoughts Before the MAS Policy Decision - Nomura Research Team at Nomura, suggests that the Monetary Authority of Singapore (MAS) is due to release its monetary policy statement on 14 April1, and they expect (we assign a 70% probability) it to leave its policy stance unchanged...
EUR/USD Keeps Lows Near 1.1370, Awaits EZ Industrial Production The EUR/USD pair is seen consolidating the overnight retreat amid broad based US dollar recovery, heading into the early European trades. EUR/USD remains below 1.1400 Currently, EUR/USD trades -0.35% lower at fresh session lows of 1...
Australia: Surprise Fall in Consumer Sentiment - Westpac The Westpac Melbourne Institute Index of Consumer Sentiment fell by 4.0% in April from 99.1 in March to 95.1 in April. Key Quotes via Bill Evans, Chief Economist at Westpac "This is a disappointing result...
FXWIREPRO: USD/JPY Extends Rally for the Second Straight Session, Markets Cheer Stronger Chinese Exports Data Verbal intervention from Japanese officials trying to put a pause the continued strength in the Japanese currency saw USD/JPY stage a rally overnight...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risk associated. Data released so far – Australia – Westpac consumer confidence declined by 4%. China – Trade balance for March came at Yuan 194.6 billion or $29.86 billion. Exports rose 11...
