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EUR/USD Trims Gains, Hovering Around 1.1200 EUR/USD moved off session highs during the last hours, as the US dollar recovered part of the lost ground across the board. Greenback dropped sharply earlier after US personal income and spending report...
US Oil Exports in Decline - BBH Analysts at Brown Brothers Harriman recall that the US lifted its ban on oil exports in December, but explained it appears, however, that US oil exports have fallen rather than risen here at the start of 2016...
GBP/USD Has Limited Upside Scope GBP/USD has no clear catalyst driving the price higher, except that there has been technical space to do so following last week's sharp sell off from the 1...
USD/JPY Hunting Down Feb Highs on 115.0 Handle USD/JPY bulls have fought back in a strong rally, away from the March 17 multi-year low. We are now in positive territory, trading in the upper end of its range from mid-February...
We’re heading into the close of the month / quarter this week and while we’ll want to stay nimble, the focus remains on the AUDUSD, USDCAD & GBPJPY setups highlighting last week. Keep in mind event risk is light ahead of Friday’s highly anticipated Non-Farm Payroll report...
Small traders hold their largest Australian dollar net long position since the April 2013 top at 1.1080. A multi-year high in net-long posi...Continue Reading...
The U.S. Dollar is at risk for further losses after reversing off near-term confluence resistance. Here are the updated targets & invalidation levels that matter. Continue Reading...
The Euro looks vulnerable to deeper losses after edging below trend line support guiding the upswing against the US Dollar since early March. Prices now look poised to probe below the 1.11 figure after producing a would-be double top near the 1.13 mark. Near-term support is at 1.1094, the 23...
It is a short week - at least for the world’s financial markets, if not for the rest of us. But the Easter break often sets the tone for global economic trends later in the year. After a disappointing opening to the year, the past five weeks have seen reasonable recovery in spirits...
Oil enthusiasts haven’t been jumping on board the latest rally. As crude has soared 50 percent since Feb. 11, the number of bets on increased prices has barely budged. Instead, the upward pressure on prices appears to have come from traders cashing out of bearish wagers at an unprecedented pace...
Individual markets are very specific in their behavior, so it is surprising how traders generalized one behavior for different markets. It is not only about biases like trending or ranging markets, but also impact of news on price and market...
USDCHF is currently approaching the resistance level 0.9800 which was set as the buy target in our previous forecast for this currency pair. If the price breaks above the resistance level 0.9800 - USDCHF can then rise to the next buy target 0.9900 (Chernovolov, FxBazooka...
Efficiency Stands in Way of Natural Gas Price Recovery This year natural gas price has dropped well below $2/mmbtu, observed during 2012 trough and still sliding further. Today price is down another -2.2%, trading at $1.77/mmbtu. Price has dropped to lowest levels since 1999...
Technical Analysis of CAD/CHF for March 28, 2016 CAD/CHF broke below the 200 Moving average and it is currently trading lower suggesting that the trend is down. Applying two Fibonacci channels, it is obvious that price broke below the 161...
Technical Analysis of GBP/CAD for March 28, 2016 After forming a double bottom near the 1.8500 support level, GBP/CAD started rising and formed a strong resistance near 1.8660. The resistance did not hold for a long time and was broken together with the 261...
Analysis of EUR/NZD for March 28, 2016 Recently, EUR/NZD has been moving sideways around the 1.6660 mark. On the daily chart, the price is still trading in the defined trading range between the 1.6475 level (support) and the 1.6865 level (resistance...
Worrisome Signs Series: World Trade Suffers Further Setback in 2016 According to data from CPB Netherlands Bureau of Economic Policy Analysis, global trade suffered further setback in January, to start the year, posing doubts, whether global economy can actually recover, without key component, tr...
EUR/CHF Comes Down to Test 1.0900 EUR/CHF is trading within a narrow range, in line with the broader fashion in the global markets on Easter Monday. EUR/CHF consolidative around 1.0900 In the meantime, the cross is struggling to keep daily gains near 1...
AUD/NZD Better Bid Above 20-DMA Ahead of US Data The Australian dollar manages to keep an upper edge over its OZ counterpart in a holiday-quiet European trading session, keeping AUD/NZD on the bids near 1.1250 levels. AUD/NZD trades above daily pivot at 1.1236 Currently, the AUD/NZD pair trades 0...
