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GBP/USD Rangebound Between 1.4050-1.4450 – UOB In view of the research team at UOB Group, the GBP/USDpair could extend its consolidative pattern in the next 1-3 weeks. Key Quotes “The break of the 1.4250 support last Friday indicates that the recent upward pressure has eased”...
EUR/USD Extends Losses on Praet’s Comments & Turnaround in Stocks The offered tone around EUR strengthened on ECB’s Praet’s dovish comments and turnaround in stocks, pushing the EUR/USD pair to a session low of 1.1365 levels...
GBP/USD Muted Post-PMI, Near 1.4200 The sterling is alternating gains with losses vs. the greenback today, with GBP/USD navigating the low-1.4200s following UK’s Construction PMI. GBP/USD downside limited near 1...
There were sharp fluctuations of #USDCAD near the important support level - the 61.8% retracement of the upward movement in May 2015 - January 2016. A considerable help to buyers is provided with #oil #prices decline. Find out more by checking out the Source Link...
#Gold continues to trade within the downward channel. To date, there is the downward momentum, which was caused with both technical and fundamental factors. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Rectangle identified at 04-Apr-01:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.095 within the next 12 hours. Resistance Levels : ( B ) 1.0954Last resistance turning point of Rectangle. Support Levels ( A ) 1...
EUR/GBP Flirts With 0.80 Handle on UK PMI The bearish pressure on the EUR/GBP cross gathered pace following the release of UK construction sector activity report, which pushed the GBP back on the bids. EUR/GBP off multi-month highs Currently, the EUR/GBP pair trades -0.06% lower at 0...
ECB’s Praet – Risks That Inflation May Become Persistent European Central Bank’s (ECB) Praet, while speaking in Rome, said the central bank’s measures are controversial and there is risk that low inflation may become persistent...
AUD/USD Finds Support Near 0.7600 The Aussie dollar is losing the grip at the beginning of the week, sending AUD/USD to the lower end of the range near 0.7600 the figure. AUD/USD upside capped near 0.7723 The pair is challenging the key support at the 0...
USD/JPY Hits Fresh Highs Near 111.70 Amid Higher Equities The USD/JPY pair finally broke the consolidation box post-European open and climbed back higher on the back a recovery in the oil as well as European stock markets. USD/JPY breaks through 111...
EUR/GBP Attempting Break Below 0.80 ahead of UK Data Sterling is gaining lose ground ahead of UK data release despite losses in equities, courtesy of which the EUR/GBP cross is attempting a break below 0.80 handle...
EUR/USD Wavers Above 5-DMA ahead of EMU Data The EUR/USD pair ran through fresh offers once again near 1.1400 levels and dropped sharply towards daily lows, before recovering some ground and now regains 5-DMA at 1.1375. EUR/USD awaits EMU data Currently, EUR/USD trades -0.11% lower at 1...
UK: Manufacturing PMI Disappoints - ING James Smith, Economist at ING, suggests that heightened concerns about global growth continue to weigh on UK manufacturers, although uncertainty surrounding the EU referendum may be starting to play a role...
In the years following the Great Recession - the global downturn emanating from the US subprime mortgage collapse in 2007 - competing narratives trying to explain the crisis have emerged from professional and layman circles alike...
Technical Analysis of USDX for April 4, 2016 The Dollar index has been moving sideways for the last two sessions and has not produced any change on the bearish trend. Our weekly target of 93 is still open as long as price is below 96.40...
Falling oil prices, China growth fears, submerging markets, Brexit and Italian banks. All of those risks have one thing in common: They have not derailed the US economy. Despite concerns about a recession, it continues to grow at a steady pace...
European Stocks Drop as Oil Weighs Stock markets across Europe fell in early trading on the back of nervous Asian equities and drop in oil prices. At the time of writing, Stoxx 50 index was trading marginally lower. Germany’s DAX and France’s CAC were down 0.05% and 0.10% respectively...
The most important release from this week’s Forex News Events calendar is FOMC Meeting Minutes that taking place on Wednesday at 7.00pm GMT. We also have UK Services PMI and New Zealand GDT Price Index on Tuesday. Full list of Forex news trading events taking place this week: Monday 4th...
EUR/USD Bullish Above 1.1400 – UOB According to the research team at UOB Group, EUR/USD needs to close above 1.14 to allow further gains. Key Quotes “We are holding on to the view that only a daily close above 1...
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