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FxWirePro: AUD/NZD Stable Around Fresh 4-Month Low, Good to Sell on Rallies AUD/NZD is trading around 1.0605 marks. Pair made intraday high at 1.0623 and low at 1.0596 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0647/ 1.0739 marks. A daily close below 1...
FxWirePro: USD/KRW Strongly Holds 1190 Mark, Downside Limited USD/KRW is currently trading around 1190 levels. It made intraday high at 1192 and low at 1185 marks. Pair is moving in a firm range from 1185 to 1195 marks...
Gold Finds Good Support Near $ 1207, NFP in Spotlight Gold trades moderately higher in the Asian trades, underpinned by risk-off markets and a broadly lower US dollar, as we head towards the ECB policy decision on the interest rates. Gold re-takes 5-DMA Currently, gold now trades +0...
Asian Stocks Defend Gains ahead of NFP, China Services PMI Weigh The Asian stocks staged a minor pullback on the final trading day of this week, snapping two back-to-back days of declines, as markets look to unwind their positions ahead of the highly influential US labour market report, which may...
Goldman Sachs Downgrades View on Chinese Yuan from 'Cautious' to ‘Outright Negative’ Analysts at Goldman Sachs downgraded their outlook on the yuan, shifting from a more cautious stance to a negative one at present...
USD/JPY Offered Near 50-DMA, Gives Up 109 Handle USD/JPY’s recovery from three consecutive sessions of losses faltered just shy of 50-DMA at 109.16, with the major now turning lower below 109 handle, as the risk sentiment appears to have worsened over the last hour...
FxWirePro: Japanese Yen falls in Early Hours After Lower Than expected Cash Earnings Data USD/JPY is currently trading around 108.90 marks. It made intraday high at 109.13 and low at 108.74 levels. Today Japan released average cash earnings data with negative numbers at 0.3% m/m vs 1...
Intermarket: Market Sentiment Deteriorates on China's Service PMI China's Caixin Service PMI (May) came lower-than-expected, with growth slowing to a 3-month low, leading to a worsening of the slightly more constructive sentiment seen on Thursday, with the Nikkei 225 giving back the vast majority...
AUD/USD Fades a spike to 0.7240 on Weaker China Services PMI The AUD/USD pair failed to sustain at higher levels and turned negative once again following the release of the Chinese services sector activity report, which missed estimates. AUD/USD revisits daily lows...
USDJPY: With USDJPY weakening further on Thursday, more weakness is expected. On the downside, support comes in at the 108.00 level where a break if seen will aim at the 107.50 level. A cut through here will turn focus to the 107.00 level and possibly lower towards the 106.50 level...
Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bearish Gold dropped persistently during May - from a high of 1303.53 to a low of 1199.79...
Welcome to my "Strength and Comparison" article for the coming month, the article "Ranking, Rating and Score" has also been published for this month. For analyzing the best pairs to trade looking from a longer term perspective the last 12 months currency classification can be used in support...
Welcome to my "Ranking, Rating and Score" article for the coming month, the article "Strength and Comparison" has also been published...
EUR/USD: We are overall bearish and would prefer to sell upticks. A break above nearby resistance in the 1.1220 area would signal room towards 1.1300/50 before sellers emerge. Our downside targets are towards 1.1095 and then the 1.0990 area...
Gold: View of Major Top Over the Last Month Remains Gold near term outlook: In the May 26th email once again affirmed the bearish view (important top at the May 2nd high at $1304) and rolling over of the multi-month topping/channel...
WTI Reduces Losses Post-EIA, Focus on Fedspeak Prices for the barrel of West Texas Intermediate have trimmed earlier losses following the EIA report, navigating the $48.70 area after testing the $48.00 region. WTI weaker on OPEC, EIA The barrel of WTI managed to bounce off lows in the $48...
Volatility Reigns, as OPEC & ECB Hold Out • What will happen when Draghi turns hawkish? • OPEC out to preserve market share • Will Verizon strike hit tomorrows NFP number...
USD/CAD Bullish Above 1.3050 – Scotiabank Eric Theoret, FX Strategist at Scotiabank, sees the perspective for the pair as bullish while above 1.3050...
