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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...
FXWIREPRO: "Diagonal Credit Call Spreads" in XAU/USD to Serve Both Hedging and Speculating Objectives The dovish comments contrasted with recent hawkish remarks by some Fed officials who indicated that the bank could act as soon as next month to raise interest rates...
Euro Rises Against Most Majors Before Eurozone Consumer Price Inflation Data At 5.00 am ET Thursday, Eurostat releases flash consumer prices for March. Eurozone prices are forecast to ease 0.1 percent on a yearly basis after decreasing 0.2 percent in February...
U.K. Q4 GDP Growth Exceeds Estimate The U.K. economy expanded more than previously estimated in the fourth quarter, a detailed report from the Office for National Statistics showed Thursday. Gross domestic product climbed 0...
EUR/USD Hits New Session Highs Near 1.1370 on CPI Fresh bids emerged for the EUR/USD pair at 1.1350 levels following the release of Euro zone flash CPI estimate, resending the prices towards 1.14 handle. EUR/USD: 1.1400 still on sight? Currently, EUR/USD trades 0.20% higher at 1...
Technical Analysis of EUR/JPY for March 31, 2016 Technical outlook and chart setups: The EUR/JPY pair is trading higher at 127.55 levels. As depicted on the daily chart view, the Fibonacci 0.618 resistance is seen at 128.30 levels going forward...
USD Continues to Suffer - Investec Research Team at Investec, suggests that yesterday currency markets enjoyed a 'risk on' feel as the US Dollar continued to suffer in the aftermath of Fed Chair Janet Yellen's cautious rhetoric on Tuesday...
Analysis : Channel Up identified at 31-Mar-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 125.37 within the next 3 days. Resistance Levels : ( B ) 127.84Last resistance turning point of Channel Up. Support Levels...
EUR/GBP Hovers Over 0.7900 on EMU Data EUR/GBP keeps the 0.7900 area in the wake of the release of flash inflation figures in the euro area. EUR/GBP bid after data releases The European cross keeps its daily gains near the 0...
Technical Analysis of GBP/CHF for March 31, 2016 Technical outlook and chart setups: The GBP/CHF pair is showing mixed signals for now and it is trading lower at 1.3830 levels. Please note that the pair has stalled and reversed from the Fibonacci 0.618 resistance of the drop between 1.4050 and 1...
The Dollar was moderately lower against the other major currencies on Tuesday, despite the release of upbeat US consumer confidence data as investors remained cautious ahead of a speech by Federal Reserve Chair Janet Yellen...
Technical Analysis of USDX for March 31, 2016 The Dollar index continued its slide towards the previous low of 94.60 and for now it holds above it. As I said yesterday, the price was more likely to move to new lows but we should be looking closely for the possibility of a double bottom formation...
Technical Analysis of Gold for March 31, 2016 Gold remains inside the short-term bearish channel and as we expected from our previous analysis, the price has made a lower high around the $1,235-40 area and is pulling back down...
Technical Analysis of USD/CHF for March 31, 2016 USD/CHF is expected to trade in a lower range as key resistance is at 0.9715. Despite the recent technical rebound, the pair remains under pressure below its nearest resistance at 0.9715. The relative strength index lacks upward momentum...
Technical Analysis of NZD/USD for March 31, 2016 NZD/USD is expected to trade in a higher range, with a bullish bias above 0.6845. The pair is currently consolidating, but still holds above its key support area around 0...
Technical Analysis of GBP/JPY for March 31, 2016 GBP/JPY is expected to trade in a lower range as the pair is under pressure. The pair stays on the downside and remains under pressure below its key resistance at 161.85. The descending 50-period moving average maintains a bearish bias...
Elliott Wave Analysis of EUR/NZD for March 31 - 2016 Wave summary: We have likely seen a low at 1.6229 just above the 1.6210 target. To confirm that a low has been seen, we need a break above minor resistance at 1.6508 and, more importantly, a break above resistance at 1...
