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Gold Ignores Fed Rate Hike Talk, Stays on Front Foot Risk-off in Asia and the resulting safe haven demand overshadowed hawkish talk from Fed officials and kept Gold well bid heading into Europe...
USD/JPY Slumps to Fresh 2016 Lows at 110.60 The USD/JPY pair keeps falling in the early European trades, and now breaches the yearly lows reached at 110.65 last month...
Japanese Long-Term Bonds fall on Strong Labour Cash Earnings Report The Japanese long-term bonds slumped on Tuesday after strong labor cash earnings report, which reduces the probability of further BOJ easing in the near term...
FXWIREPRO: AUD/USD Fades RBA Induced Spike, Slips Below 0.76 Handle AUD/USD saw a 40-pips knee-jerk spike on RBA’s status-quo, hitting session highs at 0.7630. But bears quickly drag the pair lower. The major below 0.76 handle again, currently trading at 0.7589...
FXWIREPRO: USD/JPY Breaks Out Demand Zone at 111, Oscillators Lead Bearish Swings - Stay Short on Rallies Break-out below major supports at 111 levels (lower BB, Avrg. of recent lows) signals more scope for downside to targets upto 109.698 or 108.029 levels...
USD/JPY Initial Test Comes at 109.90 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees spot facing support around 109.90. Key Quotes “USD/JPY remained under pressure and is heading to the 110.67 recent low – there is scope for the 109...
EUR/USD Drops Further to 1.1380 on German Data, PMIs Eyed The EUR/USD pair is seen extending its retreat from ahead of 1.14 barrier into early Europe, and now hovers near session lows, awaiting fresh incentives from the EMU data releases. EUR/USD remains below 1.1400 Currently, EUR/USD trades -0...
GBP/USD Rejected at 50-DMA, Drops Below Hourly 200-MA GBP/USD was rejected at 50-DMA level of 1.4278 in Asia following bears strengthened their hold and pushed it below 1-hr 200-MA located at 1.4254 levels. Trades below hourly 50-MA The spot also sits below its hourly 50-MA level of 1.4249...
On Tuesday, the #yen is rising against the U.S. #dollar. On the one hand the growth was caused by a sharp increase in the wage level in Japan. On the other hand the uncertainty weighs on the dollar ahead of the publication of the #Fed meeting minutes. Find out more by checking out the Source Link...
USD/CAD Keeps Highs Near 1.3100 After climbing as highs as 1.3110 in overnight trading, USD/CAD has surrendered some pips and has returned to the 1.3100 region for the time being...
NZD/USD Under Heavy Selling Pressure, Below 0.6800 The offered tone around the NZD keeps growing bigger in the early European trades, dragging NZD/USD below 0.68 handle. NZD/USD on its way to 20-DMA at 0.6775 Currently, the NZD/USD pair trades -0.69% lower at fresh session lows at 0...
NZD/USD Boosted by US Dollar Weakness – Westpac Imre Speizer, Research Analyst at Westpac, notes that the NZD/USD broke above its six-month old trading range recently, following a dovish speech by Fed Chair Yellen. Key Quotes “The break above 0.6900 technically signals a move to at least 0...
US: ISM Non-Manufacturing Index Losing Streak to End - RBS Brian Daingerfield, FX Trading Strategist at RBS, suggests that today the ISM non-manufacturing index is released for March in the US...
Japan: Demand for Foreign Assets Near Record Levels – Westpac Robert Rennie, Research Analyst at Westpac, suggests that historically, we have tended to see Japanese demand for foreign assets soften into financial year end. Key Quotes “However, this end of year looks to be an exception...
CAD: BoC’s Next Meeting Should be a Notable One - RBS Brian Daingerfield, FX Trading Strategist at RBS, suggests that the Bank of Canada’s next meeting on April 13th should be a notable one...
Fed’s Evans: Two Rate Hikes This Year will be "Appropriate" Speaking in Hong Kong, Chicago Fed President Evans commented on the Fed’s interest rates outlook. Key Quotes: Too early to tell if inflation rebound is sustained Fed rate path will depend on economic data...
USD/JPY is a Buy on Dips - Westpac Robert Rennie, Research Analyst at Westpac, suggests that they have argued USD/JPY is a buy on dips sub-112 even though the price action has been patchy at best...
Fed Minutes Likely to Echo Dovish Tone of Meeting - BNPP Research Team at BNP Paribas, suggests that the US front-end yields and the USD have failed to capitalise on the stronger than expected US data on Friday...
NZD/USD Heading for 0.7200 - Westpac Imre Speizer, Research Analyst at Westpac, suggests that NZD/USD finally broke out of its contracting range which had formed since Sep 2015 with bullish implications. Key Quotes “Assuming it remains above 0.6875, we target 0.7200 during the next few weeks...
