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Technical Analysis of USD/CAD for March 31, 2016 General overview for 31/03/2016: The main impulsive count has been invalidated after 1.2923 was violated...
Technical Analysis of AUD/CHF for March 31, 2016 After AUD/CHF found the bottom around 0.6800, the price started to move higher and broke above the descending Fib channel. It seems that the price had a false breakout above the 161...
Gold Prices React To Greenback After Rate Hike Expectations Fades Gold prices might be feeling the impact of Federal Reserve chair Janet Yellen remarks. This is because, few days ago the prices of this precious asset started declining owing to the strengthening greenback...
Analytical Review of the Currency Pair AUD/USD Technical data of the currency pair: Previous closing: 0.7671; Daily range: 0.7635-0.7673; Opening: 0.7671...
Gold lost more than 1% as a surge in assets caused by Federal Reserve Chair Janet Yellen's dovish remarks implied higher risk, prodding some investors to capitalize on previous gains...
Pound Rises As U.K. GDP Revised Up The British pound strengthened against the other major currencies in the early European session on Thursday, after data showed that the U.K. economy expanded more than previously estimated in the fourth quarter...
Eurozone Consumer Prices Fall For Second Month Eurozone consumer prices decreased for the second straight month in March, flash data from Eurostat showed Thursday. Consumer prices fell 0.1 percent in March from a year ago following a 0.2 percent drop in February...
USD/JPY Further Rangebound Expected – UOB According to the research team at UOB Group, the pair’s neutral stance remains unchanged for the time being. Key Quotes “USD/JPY spent much of Wednesday trying to claw back the losses seen in the wake of Yellen's speech...
USD/CAD Drops to Lows Near 1.2950 The greenback is extending its downbeat momentum today, now dragging USD/CAD to test daily lows near 1.2950. USD/CAD focus on US, CAD data The pair keeps the bearish note this week, trading at shouting distance from yesterday’s multi-month lows in the 1...
USD/JPY: Bears Guarding 112.50 Barrier? Having bottomed near 112.15 region, the USD/JPY pair tries hard to turn into positive territory, but in vain, as the yen keeps ground on the back of renewed weakness in the European indices...
FXWIREPRO: "Diagonal Credit Call Spreads" in XAU/USD to Serve Both Hedging and Speculating Objectives The dovish comments contrasted with recent hawkish remarks by some Fed officials who indicated that the bank could act as soon as next month to raise interest rates...
Euro Rises Against Most Majors Before Eurozone Consumer Price Inflation Data At 5.00 am ET Thursday, Eurostat releases flash consumer prices for March. Eurozone prices are forecast to ease 0.1 percent on a yearly basis after decreasing 0.2 percent in February...
U.K. Q4 GDP Growth Exceeds Estimate The U.K. economy expanded more than previously estimated in the fourth quarter, a detailed report from the Office for National Statistics showed Thursday. Gross domestic product climbed 0...
EUR/USD Hits New Session Highs Near 1.1370 on CPI Fresh bids emerged for the EUR/USD pair at 1.1350 levels following the release of Euro zone flash CPI estimate, resending the prices towards 1.14 handle. EUR/USD: 1.1400 still on sight? Currently, EUR/USD trades 0.20% higher at 1...
According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, there are signals that the pair’s downside could be nearly over. “USD/CHF has eroded the 2015-2016 uptrend at .9653/35, the .9661 February low and the 78.6% retracement but 2 things worry me about this break lower”...
ames Smith, Economist at ING, notes that the UK fourth quarter GDP was revised up to 0.6% QoQ, but the focus now is on the economic impact of the Brexit vote over the coming quarters. “The final estimate of UK fourth quarter GDP surprised on the upside, with an upgrade to 0.6% QoQ from 0...
Technical Analysis of EUR/JPY for March 31, 2016 Technical outlook and chart setups: The EUR/JPY pair is trading higher at 127.55 levels. As depicted on the daily chart view, the Fibonacci 0.618 resistance is seen at 128.30 levels going forward...
In view of the research team at UOB Group, GBP/USDfaces upside risks in the next 1-3 weeks. “Despite moving above 1.4400, the rally was short-lived as GBP dropped quickly from a high of 1.4457 to close near the day’s low”...
In opinion of Richard Franulovich, Strategist at Westpac, CAD could see its gains limited in the next weeks. “USD/CAD seems set to test the key 1.2830 support level in coming days as Fed Chair Yellen’s dovish leaning speech continues to reverberate”...
