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EUR/USD Back and Forth Around 1.1400 EUR/USD has been confined to a narrow range on Monday, having seesawed around 1.1400 unable to set a short-term direction in the absence of major drivers...
FXWIREPRO: GOLD Prices Set to Decline Further, Upside to be Limited Gold has declined to trade around 1089 levels, giving earlier gains made in European session, as Friday’s strong US jobs data boosted investors risk sentiment, while uncertainly continued about Federal Reserve’s rate hike path...
FXWIREPRO: GBP/USD Strongly Bearish Despite Upside Attempts The Sterling was the best performer against US dollar on Monday, as the pair extending its upward corrective movement towards 1.4321 levels, reaching the 50% retracement levels and gradually declining towards 1...
EUR/GBP Retreats Below 0.8000 The pound is rising against the euro after falling during the previous three trading days. EUR/GBP is testing daily lows as it trades at 0.7963, slightly above 0.7960. Today the pair is retreating from 1-month highs that reached on Friday at 0.8017...
WTI Gains Still Capped Above $37.00 The barrel of West Texas Intermediate keeps the initial negative tone unchanged on Monday, fading another bullish attempt to the key $37.00 handle. WTI up on US weakness Crude oil prices keep the narrow trading range today, finding support around $36...
AUD/USD: A Meeting of RBA will be Held Tomorrow Tomorrow at 06:30 (GMT+2) a meeting of the RBA will be held. Since the beginning of the year the pair AUD/USD has grown by 12%, reaching the new high at the level of 0.7720 at the end of March...
Citigroup Inc., the world’s biggest currency trader, says it’s “too soon” to buy the U.S. dollar after it slumped to a nine-month low and economic data came in stronger than forecast. A gauge of the dollar was little changed Monday after dropping 1...
Brent: Pressure on the Price Continues Weekly data released by the US Department of Energy last Wednesday showed the rise in the US oil reserves; which together with statement by Saudi crown prince Mohammend bin Salman, caused the decline in the price of crude oil Brent on Friday against the rise...
Brent: Oil Prices Go Down Qatar’s Minister of oil Mohammed bin Saleh al Sada said that 12 countries confirmed their participation in the upcoming meeting, devoted to freezing of oil production. The meeting will be held on 17 April in Doha...
Analytical Review of the Currency Pair EUR/USD Technical data of the currency pair: Previous closing: 1.1389; Daily range: 1.1371-1.1412; Opening: 1.1400...
What Drives AUD/USD's Prospects in Long Term (in H2'2016) and OTC Positions? The rally extended last week as the AUD continued to push to fresh 2016 highs...
FXWIREPRO: Hedge AUD/USD's Exporter Fx Risks on Long Term Forecasts and Events Via 2:1 Backspreads Over the longer-term, we expect AU growth to remain subpar and AUD to drift lower. But, there have been a few key things to watch out in H2 of 2016...
U.S. Government Bonds Climb As Investors Eye Crude Oil Prices, FOMC Minutes The U.S. sovereign bonds rallied on Monday as investors are closely monitoring a spike in the prices of crude oil and waiting to read any hints from Federal Reserve members’ comments for future policy actions...
RBA Rate Hike Possible as AUD Appreciates Significantly Since Mid-January The Australian dollar came under pressure today morning after Australia recorded weak retail data. This is expected to reflect concerns regarding the rate decision, according to Commerzbank...
Gold Intraday Analysis for April 04 , 2016 I found strong signs of strength in the background and a potential professional accumulation phase...
Technical Analysis of NZD/CAD for April 04, 2016 NZD/CAD was moving within the descending channel up until the 28th of February when price broke below the channel. Fibonacci applied to the channel breakout point shows support and resistance levels and price action around them. Clearly the 38...
EUR/NZD Analysis for April 04, 2016 Recently, EUR/NZD has been moving upwards. The price tested the level of 1.6645 in a high volume. EUR/NZD is trading in a defined upward trend channel. Watch for buying opportunities on dips inside the channel...
Global Macro Overview for 04/04/2016 Global macro overview for 04/04/2016: (Crude Oil) Oil has been in decline once again overnight as on Friday, traders continue responding to reports that Saudi Arabia may not be willing to take part in the price freeze without all other major producers, both OP...
Historically, the first trading session after a U.S jobs report tends to be the quietest trading session of the month. Yet, watching intraday asset price moves for 2016, no one could speculate with confidence that any trading session would be relatively tame...
