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For Kiwi, Focus Is on Dairy Auctions Today New Zealand Dollar, riding on weaker Dollar and recent improved sentiments towards commodities broken above a key resistance around 0.69 area. However that break has so far been short lived as Dollar has snapped back its loss broad based...
Brent Oil Stays Near One-Month Low on Falling US Demand Brent prices trade at lowest since March 4 as investors worry about fading prospects of OPEC and non-OPEC output freeze and fresh signs of falling US demand. At the time of writing, Brent oil was trading 10 cents or 0...
EUR/USD Depressed Around 1.1350, US Data Eyed The common currency remains on the defensive on Tuesday, with EUR/USD trading in the area of daily lows near 1.1350...
Negative interest rates, which central banks in several countries have implemented as a way to spur economic growth, is a radical move. In part two of a three-part series, ‘Negative Thinking,’ commentator Satyajit Das examines this policy and its risks...
USD/JPY Keeps Multi-Month Lows Near 110.30 The better sentiment around the Japanese currency has sent USD/JPY to test the 110.40/30 band, fresh multi-month lows. USD/JPY stronger on risk aversion Spot has accelerated its downside to levels last seen in October 2014 in the proximity of 110...
Pre US Open, Daily Technical Analysis Tuesday, April 05, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: under pressure. Pivot: 1.1415 Most Likely Scenario: short positions below 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, April 5th NZD/USD trades -0.69% lower at fresh session holding just on 0.6800 with its lowest position at 0.6785...
Channel Down identified at 04-Apr-16:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.746 within the next 3 days. Resistance Levels : ( B ) 0.7464Last resistance turning point of Channel Down...
GBP/USD Still in Consolidative Range – UOB The research team at UOB Group expects the pair to extend its rangebound pattern in the next weeks. Key Quotes “Instead of extending its recent weakness, GBP rebounded strongly from a low of 1.4192...
EUR/JPY Upside Expected to Fail at 129.35 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, occasional up moves in the cross could struggle around 129.30...
Quotes of #USDJPY has broken the support level 112.00, which soon led to testing the lower boundary of the trading range. The bears have a lot of work to do before the last line of defense of the bulls will finally fall. Find out more by checking out the Source Link...
The upward movement of #EURUSD slowed down, which was caused with fundamental and technical factors. #Quotes have reached the important resistance level – the area of highs in October 2015. Find out more by checking out the Source Link...
GBP/JPY Trims Losses and Regains 157 on UK PMI The bulls were rescued by the rebound in the UK’s services sector activity report, allowing a minor recovery in the pound against the European currency. GBP/JPY bounces-off five-month lows The GBP/JPY pair trades -0.91% lower at 157...
Technical Analysis of EUR/CAD for April 05, 2016 The EUR/CAD pair managed to find a hard bottom near the 1.4500 level after which a sharp move up followed. The spike up resulted in the breakout of the descending channel, where price broke above the 23...
Technical Analysis of CAD/CHF for April 05, 2016 CAD/CHF was range trading for the past month and only few days ago pair managed to get below the 0.7330 support level. This could signal that a downtrend is about to emerge...
FXWIREPRO: Swedish Krona Falls After Lower Than expected Industrial Production Data EUR/SEK is currently trading around 9.2607 levels. It made intraday high at 9.2671 and low at 9.2450 levels. Today Sweden released industrial production data with negative numbers at 0.1% m/m vs 0...
FXWIREPRO: NZD/USD Breaks Below 0.68 Handle, Sell Rallies, Target 66.80 NZD/USD bears tighten grip below 0.68 handle, pair hit fresh weekly lows at 0.6770. New Zealand Institute of Economic Research (NZIER) Survey of Business Opinion was released earlier today...
EUR/USD Breaks Major Support 1.13700, Targets 1.1280/1.1200 Major support - 1.13700 Major intraday resistance - 1.14050 The pair has retreated after making a high of 1.1405 yesterday. It is currently trading around 1.13640. Intraday trend is still weak as long as resistance 1.1405 holds...
Technical Analysis of GBP/CHF for April 05, 2016 Technical outlook and chart setups: The GBP/CHF pair had stalled at 1.3710/20 levels yesterday before dropping lower. The pair is seen to be trading at 1.3650/60 levels at the moment, and a push above 1.3720 levels would be encouraging for bulls...
