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FXWIREPRO: South Korean Won Falls by 1 Pct Against US Dollar, Good to Buy on Dips USD/KRW is currently trading around 1155 levels. It made intraday high at 1156 and low at 1144 levels. Intraday bias remains bullish for the moment...
NZD/USD: Bears Relentless on RBNZ Rate Cut Leak News The NZD/USD pair extended weakness into a second day this Thursday as the bears retained control amid negative RBNZ news and lower oil prices. NZD/USD: hourly 200-SMA at 0.6840 tested Currently, the NZD/USD pair slumps 0.85% to 0...
AUD/JPY: Aus Jobs Upbeat but 84.00 Tough Nut to Crack AUD/JPY has printed an hourly bearish order book sweep, also know as engulfing candle, following a counter-intuitive reaction to better-than-expected Australian employment figures, with the exchange rate last exchanging hands circa 83...
AUD/NZD Firmer, Takes-Out 1.1150 on Strong Aus Jobs The AUD/NZD cross ran through fresh buyers in the last hour, jumping nearly 80-pips in a bid to regain 1.11 barrier and beyond, after the Australian jobs data outpaced estimates. AUD/NZD climbs on NZD weakness The AUD/NZD pair now advances +0...
AUD/USD Pops and Drops on Upbeat Aus Jobs Data The AUD/USD pair reverses a 25-pips knee-jerk spike seen following the release of the Australian jobs data, which bettered estimates. AUD/USD fails near daily highs Currently, the AUD/USD pair drops -0.13% to 0.7642, quickly fading a spike to 0...
We just got great news about wage growth in America. The Federal Reserve's latest Beige Book report out Wednesday indicated that in 11 of the Fed's 12 regional districts, signs of wage growth were everywhere...
• AUDJPY Rebound off key support at risk- on the lookout for short-triggers • Resistance / Bearish invalidation at 84...
The Producer Price Index for final demand fell 0.1 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices decreased 0.2 percent in February and advanced 0.1 percent in January. On an unadjusted basis, the final demand index moved down 0...
Forex trading is the hardest job in the world, losses will occur along the way and they are part of the game. We had a difficult start in this month. We started bad and we had to bring those pips back without having any distructions. Please BE patient, Rome was not built in a day...
Yen Falling for Second Session - Scotiabank Analysts at Scotiabank noted that JPY is weak and falling for a second consecutive session. Key Quotes: "It begins to retrace a portion of its recent rally...
U.S. Dollar Making a Recovery on Hawkish Fed Speakers The U.S. dollar is showing signs of a correction after a steady lineup of hawkish Fed speakers yesterday from Harker, Williams and Lacker and were increasing expectations for a June rate hike...
EUR/USD Remains Vulnerable Below 1.1300 EUR/USD has spent the last hours consolidating near 2-week lows following an over 100-pip slide. The euro managed to recover a few pips following below-expectation US retail sales data, but dollar’s pullback short-lived and EUR/USD resumed the decline...
FXWIREPRO: GBP/USD Neutral Near-Term, Scope for Upward Resumption GBP/USD rebounded strongly towards 1.4255 levels in the early US session after US retail sales data printed negative figures. However, the pair turned back after failing to break resistance level 1...
Brent: Will the Price Go Above the Level of 45.00? Yesterday’s mixed economic statistics prevented the rise in price of crude oil Brent up to the level of 44.78 USD per barrel...
Dueling Fed GDP Trackers - BBH Analysts at Brown Brothers Harriman explained that the decentralized nature of the Federal Reserve lends itself to both a division of labor and competitive analysis...
GBP/USD Hovers Above 1.4200 GBP/USD has edged slightly lower on Wednesday but overall continues to trade within its weekly range, unable to set short-term direction in the absence of fundamental triggers. GBP/USD has continued to retreat from yesterday’s peak of 1...
USD/CHF Extends Gains Above 0.9600 The US dollar continued to recover ground against the Swiss franc on Wednesday and now is positive for the current month. Economic data from the US failed to weaken USD/CHF that hit a 2-week high during the American session at 0.9659...
AUD/USD Retreats after Testing March Highs AUD/USD is falling on Wednesday, despite weak US economic data. The pair printed a fresh daily low during the American session at 0.7635 and currently it trades at 0.7650/53, down 0.45% for the day. Falling from 0...
We expect the bullish momentum of GBPUSD to continue and believe that any downside potential would be a perfect opportunity for a long swing trade. We expect an a-b-c move down to 61% retracement level and that is our ideal buy order. Trade Setup: Long ... Read More...
