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The bullish momentum around the AUD/USD pair gained further traction after the Chinese trade data showed that exports and imports improved last month. AUD/USD sees a 30-pips rally post-China data Currently, the AUD/USD pair rockets 1.57% at fresh nine-month highs of 0...
Oil in Global Economy Series: Future of Oil can be Seen in Present of Coal If I would have told you back in 2008, a company whose share price was trading at $1260, would go to zero in next eight years, you would have called me crazy, if I would have told you again in 2011 the same thing, when sha...
No Takers for Gold Amid Dollar and Equity Rally Risk-on rally in the equity markets and dollar strength is keeping investors away from Gold, owing to which prices fell to a low of $1240 ahead of the US data release...
USD/JPY Downside Appears Limited – UOB Analysts at UOB Group see the pair’s decline as limited in the near term. Key Quotes “As highlighted in recent updates, while the next significant support is much lower at 106...
An order to buy #GPBUSD is still relevant and there were no any signals to add volume during the last 24 hours. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
The result of our long position in #EURUSD was fixed when one of the bars was closed under the red Alligator's line. Later it was a breakthrough of the fractal down, where we opened a short position. Find out more by checking out the Source Link...
EUR/USD Buy the Dip? – Westpac According to strategists at Westpac, the current dip in the pair could represent a buying opportunity. Key Quotes “EUR/USD likely handicapped at least temporarily into next week by the upcoming ECB meeting (April 21)”...
BoC and US Retail Sales in Focus - BBH Research Team at BBH, suggests that the North American session features US retail sales and PPI, the Bank of Canada meeting, and the Beige Book later in the session. Key Quotes “After yesterday’s unexpected 6...
CAD: Room for Optimism? - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the CAD has this week rallied to its best level vs. the USD since July 2015 and the recent gains in the oil price have been a big incentive for the CAD...
EUR: Flirting with the Month Long Range - BBH Research Team at BBH, suggests that the euro has yet to convincingly breakout of the range that has confined it this month and that would require a break of the $1.1300 area...
USD/JPY Eyes 112.00 in the Near Term – Westpac According to strategists at Westpac, the pair remains poised to test the 112.00 area in a month’s view...
GBP/USD Outlook Turned to Neutral – UOB The research team at UOB Group has shifted its focus to neutral in GBP/USD. Key Quotes “We turned neutral yesterday but were of the view that the prevalent rebound in GBP has room to extend higher to test 1.4380 and 1.4450”...
EUR/GBP Tumbles to 0.7930 on EUR Weakness EUR/GBP has accelerated its daily decline to the area of 0.7930. or multi-day troughs. EUR/GBP in 2-week lows The European cross is posting weekly losses for the first time after five consecutive advances - including a fresh cycle in the vicinity of 0...
Hello, traders. Today I would like to share about one of trading strategy, base on Support and Resistance levels. As we know, trading in forex markets is not easy. We should always provide time to learn. :) Here I will take a Swing trade for an example. First time when facing the market...
Today’s short position in EURUSD was closed in target booking 750+ pips. While it is never clever going against the trend the reasons why Buying EURUSD has better odds are: It is currently trading in oversold zone ...Read More Capitulation...
USD/CAD Regains 1.2800, Looking to Stabilize Here It seems the greenback has recovered the smile on Wednesday, with USD/CAD now retaking the 1.2800 neighbourhood. USD/CAD attention to oil, BoC CAD is shedding part of its recent gains vs...
IMF Has Its Say – Investec Research Team at Investec, suggests that the IMF hit the headlines yesterday as it cut its 2016 global growth forecasts to 3.2% from 3.4%. Key Quotes “The IMF also said a UK exit from the EU could cause ‘severe regional and global damage’...
AUD/JPY Fails Once Again Near 84 Handle and Retreats The AUD/JPY cross traded volatile so far this session, although remains underpinned by the relentless rise in the USD/JPY pair amid risk-on trades at full steam. AUD/JPY fresh sellers queued up near 84 handle The AUD/JPY pair now advances +0...
