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Oil Slips as Kuwait Strike Ends - Investec Research Team at Investec, notes that overnight, Kuwaiti oil and gas workers ended a three-day strike that had temporarily halved the OPEC member's crude production...
EUR/GBP Upside Capped by Hourly 50-SMA, Near 0.7900 The upbeat momentum seen in the EUR/GBP cross in the Asian session lost steam at hourly 50-SMA located at 0.7915 post-European open, and the prices now waver around 0.79 handle...
GBP: Some Respite as ‘Leave’ Provides a Scenario - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that the pound has had some respite of late with the BOE broad trade-weighted index 1.5% higher than the low hit on 8th April...
FxWirePro: EUR/GBP Extends Declines Post UK Labour Market and Household Confidence Data, Hits Session Lows at 0.7892 Number of people in UK claiming unemployment benefits increased by 6,700 in March, the first rise since August 2015. Unemployment rate held steady at 5...
UK: Disappointing News on Wages and Employment - ING James Smith, Economist at ING, suggests that the combination of sub-consensus wage and employment growth was not encouraging, and may suggest that uncertainty surrounding the forthcoming referendum is starting to show up in the data...
EUR/USD Printing Highs Near 1.1380 The buying interest is now picking up pace around the shared currency, lifting EUR/USD to daily peaks near 1.1380...
German Vice-Chancellor: It's wrong to Blame ECB for Root Cause of Eurozone Problems German vice-chancellor and economy minister Sigmar Gabriel was on the wires via Reuters, defending ECB Chief Draghi’s and team...
Crude Oil (WTI) (K6) Intraday: rebound in sight. Prev Top Pivot: 39.50 Most Likely Scenario: long positions above 39.50 with targets @ 40.76 & 41.54 in extension. Alternative scenario: below 39.50 look for further downside with 38.44 & 37.60 as targets...
Technical Analysis of USD/CAD for April 20, 2016 General overview for 20/04/2016: The wave (c) bottom might be in place, however the alternative count is still indicating a possible wave alt: iv in progress right now. The bulls would have to break out above the level of 1...
Technical Analysis of USDX for April 20, 2016 The Dollar index made the deep correction I've been expecting and we should now see a bullish reversal. For this to be confirmed, we first need a break above 94.80 and then above 95.20...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, April 20th GBP/USD is losing ground after 3-week tops at 1.4419, as the greenback is seen recovering some ground and market participants seem biased to some profit taking as well...
Technical Analysis of Gold for April 20, 2016 Gold bounced yesterday towards resistance of $1,260 and got rejected as the price hit the upper triangle boundary. This rejection is a bearish sign...
Technical Analysis of USD/CHF for April 20, 2016 USD/CHF is expected to trade with a bearish bias as key resistance is at 0.9645. Technically, the pair remains under pressure below its falling 50-period moving average, which plays a strong resistance role since April 18, 2016...
Technical Analysis of NZD/USD for April 20, 2016 NZD/USD is expected to trade with further gains. The pair remains on the upside, backed by its rising 20-period and 50-period moving averages...
FxWirePro: EUR/NOK Fails to fall Below 9.2127, Good to Buy on Dips EUR/NOK is currently trading at 9.2470 levels. It made intraday high at 9.2653 and low at 9.2121 levels. Intraday bias remains bullish till the time pair holds key support level at 9.2127...
AUD/USD Recovers Sharply to Move Back Above 0.7800 Handle As oil prices stabilized AUD/USD recovered sharply from early morning lows of 0.7767 and moved back above 0.7800 mark, erasing all of its early morning losses and trade with some marginal gains...
USD/JPY Now Looks to Consolidate Around 109.00 The Japanese currency is giving away part of the recent gains vs. the greenback, with USD/JPY currently gyrating around the 109.00 handle...
In our yesterday's post we stated that USD/JPY might have bottomed and that higher targets should be reached during this possible 3rd wave. Overnight USD/JPY retraced 38.2% of the rally and after ... Read More...
USD/CHF Drops to Lows Ahead of 0.9600 on Swiss Data The Swiss franc wiped-out losses and jumped back on the bids against its American counterpart in the European session, driving USD/CHF in the red just shy of 0.96 mark. USD/CHF recedes from 0.9620 Currently, the USD/CHF pair trades -0...
