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GBP/USD Peeps Above 1.44 Handle GBP/USD printed a session high of 1.4420 as Euro’s move to fresh 5-month high is keeping USD under pressure across the board. Weak data ignored In light of a bullish move in the EUR/USD, sterling traders are ignoring a weak data released today...
EUR/USD in Fresh 2016 Highs, 1.14 on Sight The single currency is extending its march north today, now lifting EUR/USD to print fresh YTD tops around 1.1380. EUR/USD boosted by USD weakness, EMU’s CPI The pair keeps the firm footing into the second half of the week, trading closer to the 1...
Gold May Drop Below $1,200 in Coming Months - GFMS GFMS analysts at Thomson Reuters noted in their latest report published on Thursday, gold prices are expected to drop below $ 1200 – psychological barrier in near term amid Fed rate hikes and softening physical demand...
Euro Higher After Eurozone Consumer Price Inflation The euro gained ground against the other major currencies in European trading on Thursday, after data showed that inflation in the euro area improved modestly in March, albeit remaining negative due to sharp falls in the energy prices...
#CAD continued to rise against #USD, despite the negative trend in #oil prices. Thus, #USDCAD has updated the five-month low. Market participants are now at a certain crossroads, it is recommended to stay out of the market until we will receive new signals. Discover more at http://bit...
The dollar continued its decline against major competitors in #FOREX. We should note that in terms of technical analysis #EURUSD has achieved the five-month high. It is recommended to buy on a breakthrough of the above indicated resistance line at 1.1377...
AUD/USD: Bulls Fight Back Control, Wednesday’s High Eyed The AUD/USD pair bounced-off hourly-50 SMA support and climbed higher over the last hours on resumption of broad based USD selling. AUD/USD underpinned by USD weakness Currently, the AUD/USD pair trades 0...
Oil Trims Losses, but Fails to Lift Equities Oil prices recovered from the daily lows despite oversupply concerns, but have failed to lift equity markets from session lows. At the time of writing, Brent oil was trading largely unchanged on the day around $40/barrel. Prices hit a low of $39...
AUD/USD Could Advance Towards 0.77-0.78 – Westpac Strategist at Westpac Sean Callow believes the Aussie dollar could extend its upside momentum to the 0.77/0.78 band. Key Quotes “Specs have helped drive AUD gains but it’s not obvious why they would stop here...
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...
