All Blogs
Confidence in Yen Longs Regained and Sterling Shorts Added – Deutsche Bank Nicholas Weng, Strategist at Deutsche Bank, suggests that as per CORAX Positioning Data from 05-Apr-2016, investors have regained confidence in yen longs and added to sterling shorts...
FOMC Minutes: Hikes on the Agenda of Each Meeting Now - Rabobank Philip Marey, Senior US Strategist at Rabobank, suggests that while the recently released FOMC minutes confirm that there is a lot of uncertainty in the Committee about the economic outlook, with risks tilted to the downside, it is...
USD/JPY: Selling Pressure Intensifies, Looks to Test 109.00 The Japanese currency continues to smash its American counterpart in the mid-Asian trades, with USD/JPY now sinking lower to fresh multi-month lows. USD/JPY drops further from 119...
Gold Sits at Post-FOMC Minutes Highs, Around $ 1226 Gold prices found fresh bids over the last hours and jumped back on the bids as the sentiment soured on the Asian indices, while a weaker USD also supported the gains...
NZD/USD Wavers in a 40-Pips Range Below 10-DMA The NZD/USD pair extends its choppy trend into the Asian trades this Thursday, unable to find a clear direction as sentiment remains mixed, despite higher oil prices. NZD/USD supported at 0.6800 Currently, the NZD/USD pair trades 0.15% lower at 0...
Asian Stocks Trade Mixed Amid Stronger Yen and Oil Rebound The stocks on the Asian bourses stalled the rebound and now pare gains as the Japanese stocks turned negative, weighed heavily by the ongoing rise in the yen...
AUD/USD Regains 0.7600 Amid Positive Equities Oil The AUD/USD pair is seen reversing a downward spike post-China open, and now extends higher on the bids as higher oil and stocks keep the sentiment buoyed. AUD/USD finds bids just below 20-DMA at 0.7693 Currently, the AUD/USD pair gains 0...
About time Kuroda weighed in, its been a few hours since we've heard from him • Japan's economy continues to recover moderately as a trend despite some signs of weaknesses in exports, output • Japan's economy expected to expand moderately as a trend • Consumer inflation likely to hover around zer...
Major Asian Markets in Red After Fomc Minutes, Yen Strengthens After Kuroda's Comments Major Asian markets are trading on a mix note after FOMC released March meeting minutes. FOMC March meeting minutes failed to provide any hints regarding further interest rate hike...
Nikkei Trades in Narrow Range , Good to Buy at Dips Major Support - 15500 Major resistance - 16300 The index has made a low of 15533 and recovered till from that level. It is currently trading around 15857.Intra day trend is slightly bullish as long as support 15500 holds...
s the yen resumes its rally, many FX experts appear bemused by the yen's insistence to rally despite reported heavy foreign-bound investing by Japanese institutional players, persistent retreat in the road to 2...
FXWIREPRO: Gold Back Above $1220 After Fomc Minutes XAU/USD is currently trading around $1224 mark. It made intraday high at $1226 and low at $1222 levels. FOMC March meeting minutes failed to provide any hints regarding further interest rate hike...
EURUSD Daily Forecast: April 07 2016 EURUSD Forecast The EURUSD had another indecisive movement yesterday. Price slipped below 1.1335 but closed higher at 1.1397. The bias remains neutral in nearest term. Potential daily range today is seen between 1.1500 – 1.1335. As long as stay above 1...
GBPUSD Daily Forecast: April 07 2016 GBPUSD Forecast The GBPUSD attempted to push lower yesterday slipped below 1.4050 but closed higher at 1.4121...
USDJPY Daily Forecast: April 07 2016 USDJPY Forecast The USDJPY continued its bearish momentum yesterday and hit 109.15 earlier today. The bias remains bearish in nearest term testing 108.50 area. Immediate resistance is seen around 110.00...
USDCHF Daily Forecast: April 07 2016 USDCHF Forecast The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term. Overall my technical outlook remains bearish but need a clear break and consistent move below 0.9570 to continue the bearish scenario targeting 0...
The March minutes clearly reveal the reason for the dovish shift of the committee at the time of the March meeting...
China’s March data pack will start to be released on Thursday with FX reserve report, followed on Monday by inflation results and, around the same time, by monetary aggregate numbers. We expect these prints to be uniformly stronger...
That's more like it. It appears we may have a proper break on the cards now. The decent technical support isn't down until 106.60 odd. It's not been an explosive move which suggests that there's no panic hitting of the sell buttons. Large stops are noted at 109.80 so they remain in play...
EURUSD has been on a tear in recent weeks. The single currency is up more than 500 pips from the March 10th ECB low and is currently finding support at the 1.1340 handle...
