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RBA Keeps Rate Unchanged, AUD May Complicate Adjustment in Economy As widely expected, the Reserve Bank of Australia left the official interest rate unchanged at 2%, noting that at today's meeting, the Board judged that there were reasonable prospects for continued growth in the economy, with inf...
BOJ, MOF, FSA Officials to Meet on Markets from 5:00 GMT Bloomberg reports that BOJ, MOF (Ministry of Finance) and FSA (Financial Services Agency) officials are to meet on markets from 0500GMT...
USD: Near Term Outlook Looks Very Bleak - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the near term USD outlook looks very bleak, as the full import of Chair Yellen’s decidedly dovish tone continues to reverberate the USD could see another 2-3% USD downside from curren...
Falling oil prices are driving a slight bid in the Japanese currency, strategists say Falling oil prices helped support haven bids in the yen on Monday as Japanese stocks weakened while expectations for a slower pace of Federal Reserve interest-rate hikes sapped demand for the dollar...
USD/JPY Weaker Below 111, Yen Gains Amid Risk-off The USD/JPY pair extends its bearish momentum for the third consecutive session this Tuesday, mainly driven by rising demand for the safe-haven yen amid persistent risk-off trades...
US: Encouraging Signs of Economic Growth - ING James Smith, Economist at ING, suggests that an encouraging labour report, coupled with an increase in the ISM Manufacturing Index, will give the FOMC more confidence about the direction of the economy...
EUR/USD Struggles to Extend Gains Above 1.1400 Having peaked at 1.1405 in early Asia, the EUR/USD pair is seen oscillating below 1.14 handle over the past couple of hours, as risk-off moods dominate markets. EUR/USD: Final services PMIs in focus Currently, EUR/USD trades 0.05% higher at 1...
FXWIREPRO: AUD/USD Weak ahead of RBA, Posts Fresh Five-Day Lows at 0.7570 Dismal Australia trade data along with widespread risk aversion weighing heavily on the high-yielding Aussie. Bears tightened their grip pushing AUD/USD to fresh five-day lows at 0.7570...
ASX200 Breaks Major Support 4960, Targets 4860 Major resistance - 4960 ASX200 has broken major support 4960 and declined till 4922 at the time of writing. It is currently trading at 4923. Short term trend is slightly weak as long as resistance 5020 holds...
Nikkei 225 Breaks Major Support Around 16000, Targets 15500/15000 Major Support - 16000 The index has broken major support 16000 and declined till 16745 at the time of writing .It is currently trading around 15773.Short term trend is bearish as long as resistance 16450 (7 W EMA) holds...
FXWIREPRO: Singapore Dollar Erases Previous Gain Against US Dollar, Good to Buy on Dips USD/SGD is currently trading around 1.3557 marks. It made intraday high at 1.3561 and low at 1.3516 levels. Intraday bias remains bullish till the time pair holds initial support at 1.3487 levels...
FXWIREPRO: USD/KRW Hovers Around Key Resistance at 1154, Intraday Bias Remains Neutral USD/KRW is currently trading around 1156 levels. It made intraday high at 1157 and low at 1154 levels. Intraday bias remains neutral for the moment...
Gold Rebounds in Asia Amid Risk-Aversion, $ 1230 Eyed Gold prices halted its 2-day losing streak and swung back higher in the mid-Asian session, after the bulls were rescued by deteriorating risk-sentiment. Gold sees a relief rally Currently, gold jumps +0.81% to 1225...
BOJ’s Kuroda: Yen Rises had Negative Effect on Big Manufacturers' Sentiment More headlines flowing in from the BOJ Chief Kuroda via Reuters, as he comments on the Yen and overall Japanese economic growth...
Asian Stocks Hit by Oil Slide, Nikkei Sinks on Yen The Asian equity markets fell back in the negative territory on Tuesday, after a brief relief rally seen the day earlier, as continued weakness in the oil prices rattled investors’ confidence and triggered a renewed risk-aversion wave across the...
BOJ's Kuroda: Watching Forex Moves Carefully BOJ (Bank Of Japan) Governor Kuroda is crossing the wires, speaking in parliament, noting that they are watching forex moves carefully but monetary policy doesn't directly target forex, adding that it is desirable for forex to move in way reflecting fu...
AUD/USD Dumped on Poor Aus Trade data, Awaits RBA The bears tightened their grip on the AUD following the release of worse-than expected Australian trade numbers, knocking-off AUD/USD below hourly 200-SMA placed at 0.7590. AUD/USD faces double whammy Currently, the AUD/USD pair slips -0.41% to 0...
EURUSD Daily Forecast: April 05 2016 EURUSD Forecast The EURUSD was indecisive yesterday. The bias remains neutral in nearest term. Immediate support is seen around 1.1335. A clear break and daily close below that area could trigger further bearish pressure testing 1.1250 area or lower...
GBPUSD Daily Forecast: April 05 2016 GBPUSD Forecast The GBPUSD attempted to push higher yesterday topped at 1.4321 but closed lower at 1.4261. The bias is neutral in nearest term probably with a little bearish bias testing 1.4200 support area. Immediate resistance is seen around 1.4325...
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