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AUD/NZD Better Bid Above 20-DMA Ahead of US Data The Australian dollar manages to keep an upper edge over its OZ counterpart in a holiday-quiet European trading session, keeping AUD/NZD on the bids near 1.1250 levels. AUD/NZD trades above daily pivot at 1.1236 Currently, the AUD/NZD pair trades 0...
USD/CAD Trims Losses as Oil Drops Oil benchmarks surrendered gains, helping the USD/CAD recover from the session low of 1.3229 to trade around 1.3250 levels. Eyes US data The immediate focus now is on the US data, which is expected to show personal spending and income growth slowed in February...
Brent Oil Rejected at 5-DMA, Surrenders Gains Brent oil is now trading largely unchanged on the day after prices failed to sustain above 5-DMA level of $40.88...
Oil in Global Economy Series: Why Rigs Deactivation Doesn't Matter Much? According to latest numbers from Baker Hughes, number of active oil rigs operating in United States has dropped to lowest levels since 2008/09 financial crisis...
CHF/JPY Breaks Major Resistance 116, Targets 118.60 Major resistance - 116 The pair has broken major resistance 116 and jumped till 116.30 at the time of writing . It is currently trading around 116.19. Short term trend is slightly bullish as long as support 115 holds...
Canadian Dollar Rises As Oil Prices Advance The Canadian dollar strengthened against most major currencies in the early European session on Monday, as oil prices rebounded from last week's decline. Investors focus on the OPEC's meeting next month to discuss proposal to freeze output...
Technical Analysis of Silver for March 28, 2016 Technical outlook and chart setups: Silver is seen to be consolidating after hitting lows at $15.10/13 levels last week. The metal should be looking to produce a corrective rally through $15.45 levels from here before reversing again...
Technical Analysis of EUR/JPY for March 28, 2016 Technical outlook and chart setups: The EUR/JPY pair has rallied through 126.80/85 levels as expected and discussed last week. The pair is facing resistance at 126.85 and looking to reverse lower below 124.50 levels going forward...
Technical Analysis of USD/CHF for March 28, 2016 USD/CHF is expected to trade with a bullish bias as the pair is range-trading due to holidays. The pair is moving sideways above its key support at 0.9720. Meanwhile, the relative strength index is mixed to bullish. Upside is expected above 0...
Technical Analysis of NZD/USD for March 28, 2016 NZD/USD is expected to trade with a bearish bias in holiday trading. The pair is trading below its key resistance at 0.6640, and is likely to challenge it in sight, as the relative strength index is below the neutrality area of 50. Below 0...
Technical Analysis of GBP/CHF for March 28, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading around 1.3810/15 levels for now, after dropping to 1.3720 levels last week...
Technical Analysis of GBP/JPY for March 28, 2016 GBP/JPY is expected to trade with a bearish bias in quiet holiday trade. The pair remains bullish above 160.00, representing a key horizontal level...
EUR/USD: Neutral: In a broad 1.1120/1.1375 range now. EUR traded quietly late last week and there is no change to the current neutral view. We continue to expect this pair to trade in a broad 1.1120/1.1375 range even though the immediate risk appears to be tilted to the downside...
Technical Analysis of EUR/USD for March 28, 2016 When the European market opens, no economic news will be released from the eurozone today but the US will release some economic data such as Pending Home Sales m/m, Personal Income m/m, Personal Spending m/m, the Goods Trade Balance, and the Core P...
Technical Analysis of USD/JPY for March 28, 2016 In Asia, Japan will not release any economic data but the US will release some economic data such as Pending Home Sales m/m, Personal Income m/m, Personal Spending m/m, the Goods Trade Balance, and the Core PCE Price Index m/m...
FXWIREPRO: BTC/USD Faces Strong Resistance Around $436, Good to Sell on Rallies Major resistance - $436 (trend line joining $502.48 and $465) BTC/USD has slightly retreated after making a high of $427.80 recovered till $417.55 at the time of writing after making a low of $403...
Indian Bond Yields Fall on Expectation of Lower Lending Rate The 10-year Indian bond yields declined -0.05% on Monday as the government’s move to cut the small savings rate by 0.6% to 1.3%. Moreover, the Reserve Bank of India is also expected to cut interest rates by at least 0...
Australian Bonds to Weaken Further on fED Rate Hike Expectation The Australian bond market is weaker and it is expected to weaken further as investors continue to absorb the U.S. Fed's interest rate outlook. Meanwhile, the benchmark 10-year bond yield closed lower -0.39% on Thursday...
The positioning data is for the week ending 22 March 2016. Despite the dovish FOMC statement on 16 March which sent the USD sharply lower, leveraged funds did not reduce their net long USD positions. In the week to 22 March, there was a marginal rise in overall net long USD positions by USD0...
