All Blogs
FXWIREPRO: ASX200 Faces Strong Support Around 5850, Good to Buy at Dips Major resistance -5000 (55 4H EMA) Major support 4850 ASX200 has recovered after making a low of 4888. It is currently trading at 4938. Short term trend is slightly bullish as long as support 4850 holds...
FXWIREPRO: Gold Fails to Break Key Resistance at $1242, Good to Buy on Dips XAU/USD is currently trading around $1237 mark. It made intraday high at $1240 and low at $1235 levels...
FXWIREPRO: Nikkei225 Faces Strong Support Around 15000, Good to Buy at Dips Major Support - 15000 (200 W MA) Major resistance - 16420 (7 W EMA) The index has made a low of 15323 and recovered till from that level. It is currently trading around 15658...
FXWIREPRO: Japanese Yen Falls Slightly Despite Better Than expected Current Account Data USD/JPY is currently trading around 108.65 marks. It made intraday high at 108.81 and low at 108.06 levels. Today Japan released current account data with positive numbers...
Oil Rebounds in Asia on Short-Covering, Brent Flirts with $ 40 Oil benchmarks on both sides of Atlantic resumed its upside momentum in the Asian trades this Friday, reversing a temporary slide witnessed yesterday...
Asian Stocks Track Wall Street Lower, 3rd Weekly Decline Eyed The Asian equity markets slipped on the final trading day of this week, and remains poised to book third weekly drop, as sentiment soured following heavy losses seen on Wall Street overnight...
USD/JPY Out of the Bigger Picture? - TDS Analysts at TD Securities explained that USD/JPY has traded decisively below the key support/psychological level of 110. Key Quotes: "For the near term, the balance of risk remains skewed to the downside...
USD/JPY: Bid but Headed Back Towards 200 Week SMA? USD/JPY has rallied in the opening hour of Tokyo; however, we are in highly bearish territory and if the bulls cannot find traction back to the 110 handle with conviction, the bulls could find themselves way out of the bigger picture...
A rocky start to 2016 is taking its toll on the outlook for U.S. economic and job growth this year...
The yen has been flying again on Thursday, after the prospect of intervention in the currency markets to stem its appreciation was played down by a number of officials including Prime Minister Shinzo Abe...
The repeated attribution of risk to international factors within the Fed’s latest assessment may be sparking a search for safety. If there was a prize for volatility, the USD/JPY would be walking up to the podium right now and shaking the hand of a dignitary...
With dollar-yen falling to 17-month lows below Y108 Thursday, with no sign of a larger rebound, the FX market was wary about what Japanese officials may say or do in the coming weeks...
Both the FX decoupling trade and the global currency war have come to an abrupt end of late, and many clients think this is the result of a coordinated effort by G20 officials to prop up global markets. USD has emerged as the biggest loser of these developments...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: Our decision to turn bearish is being frustrated by the lack of downside follow through...
FXWIREPRO: Gold Rallies Towards 1245 on Weak Dollar After Fed Remains Cautious Over Rates Gold has inched higher on Thursday as demand for yellow metal was boosted after yesterday’s dovish Fed statement...
USD/JPY: a Call for Vigilance - Scotibank Analysts at Scotiabank noted that JPY is outperforming with a 1.3% gain, rising in tandem with gold in an environment of elevated uncertainty...
EZ in a Worrying Situation - BNP In respect of the EZ, analysts at BNP Paribas explained that despite concerns at the beginning of the year, the effect of financial stress on growth should remain contained...
EUR/USD: Consolidation at Current Levels Likely to Continue - Lloyds Analysts from Lloyds Bank point out that EUR/USD is trading at the upper limit of its medium-term range and a consolidation over the coming sessions at current levels is likely...
