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Daily price is on bullish market condition for the ranging within the following key support/resistance levels: 1191.48 key resistance level located far above Ichimoku cloud in the primary bullish area of the chart; 1098...
EURUSD: The pair halted its weakness and turned higher on Monday leaving risk of more recovery on the cards. While the 1.1016/17 level zone continues to provide support, we should see a move higher on correction. On the downside, support lies at the 1...
According to the Chinese Gold & Silver Exchange Society, demand for gold in mainland China may soon touch or even exceed records after financial-market rout and the yuan devaluation bolstered the metal's attractiveness...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, and AUD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: The break below our initial downside targets in the 1.1085 area on increased volumes signals lower...
Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that the JPY is outperforming its G4 peers with a modest 0.3% gain, rallying back to its 200 day MA after reaching a fresh two-month low...
Morgan Stanley made a fundamental forecasl for this week related to JPY - they estimated for USD/JPY to be on bullish market condition: "Despite the current risk environment, we would expect JPY to be supported. The risk to our view this week is obviously the BoJ meeting...
EUR/CHF declines over recent weeks appear to have been temporarily stalled in the face of a bullish development. The MACD line is tracing higher lows, when compared to recent sessions...
While the pound is among the top performers on Monday, the Swiss franc is the opposite and is losing ground. GBP/CHF continues to rally and reached the strongest level since September 22. GBP/CHF: Rally goes on Two weeks ago the pair dropped to 1...
Kit Juckes, economist at Societe Generale, explained that the week's biggest event may be the BOJ on Friday. Key Quotes: "My view last week was that the QE is losing its ‘mojo' and that I would be surprised if either dovish words from the ECB or further QQE from the BoJ would have much FX impact...
As per FXSTREET, Crude oil prices are extending its negative downbeat at the beginning of the week, currently hovering over the low-$44.00s per barrel...
The greenback, in terms of the US Dollar Index, keeps trimming recent gains and is now hovering over session lows in the 96.90/85 band. US Dollar retreats from 97.20 After testing 2-month lows above the 97...
In the view of Eric Theoret, Currency Strategist at Scotiabank, the pair’s perspective remains on the bullish side for the time being. Key Quotes “Both the MACD and RSI momentum indicators are bullish, and trend signals are showing signs of a turn”. “USDCAD’s rally toward the 50 day MA (1...
After a bull run to the 1.5380 area, or session peaks, GBP/USD has now returned to the 1.5360/55 band. GBP/USD looks to GDP figures The pair has given away part of the gains following the spike to the 1.5380 area as the greenback is now attempting to revert part of the initial drop...
The yellow metal’s rebound over the past few months has been slippery at times, with the most recent obstacle a stronger U.S. dollar, UBS says. However, the bank has noticed some encouraging aspects about gold's recovery...
U.S. stocks opened in the red on Monday ahead of this week's Federal Reserve policy meeting and quarterly earnings reports from key companies including Apple...
W1 price is is on bearish market condition located below 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the secondary ranging between 0.6084 Fibo support level and 0.6896 Fibo resistance level: Ascending triangle pattern was formed by the price to be crossed Fibo resistance level at 0...
Volkswagen lost the lead in global car sales to Toyota after claiming the first place three months ago, as the German car producer is getting used to negative consequences of a widening emissions-cheating scandal...
GBPUSD: GBP declined sharply the past week leaving risk of more weakness on the cards. While it holds and trades below its cluster of resistance zone at 1.5371/83, its outlook remains lower. Support lies at the 1.5250 level where a break will turn attention to the 1.5300 level...