EUR/USD Keeps the Bullish Stance – UOB According to analysts at UOB Group, the pair’s perspective is still biased toward the bullish side in the next 1-3 weeks. Key Quotes “While the stop-loss for our bullish view at 1...
EUR/GBP Breaks Through 0.7900 Support Yet another weak UK PMI reading failed to boost the EUR/GBP pair, which has now dropped below 0.7900 support to currently trade at day's low level of 0.7885...
GBP/USD Drops Further Post-PMI The British pound is now rapidly depreciating vs. the dollar, pushing GBP/USD to fresh lows in the 1.4470 area. GBP/USD weaker on poor PMI Spot met further downside pressure after the key UK’s Services PMI has missed expectations during April, coming in at 52.3 vs...
UK Services PMI Hits the Lowest Levels Since Feb 2013 The services sector business activity in the UK deteriorated in April, marking a weak start to the second quarter and dropping to the lowest levels since February 2013...
An unsuccessful attempt to overcome the long-term downtrend line was followed with the wave of #GPBUSD sales. The reversal pattern "inverted head and shoulders" was implemented, but everything is still not clear. Find out more by checking out the Source Link...
Gold returned back to the usual channel, where it had mainly traded in April. The further dynamics of #Gold will depend on developments in the U.S. dollar. #USD has strengthened considerably over the past days. Find out more by checking out the Source Link...
EUR/USD Sinks to Lows Near 1.1440 The single currency is now losing the grip vs. its American peer on Thursday, sending EUR/USD to daily lows in the mid-1.1400s...
Triangle identified at 04-May-21:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 122.27 within the next 12 hours. Resistance Levels : ( B ) 123.25Last resistance turning point of Triangle. Support Levels ( A ) 122...
GBP/JPY Continues to Flirt with 155.00 Handle Ahead of UK PMI The GBP/JPY pair continues to hover around 155.00 important level just ahead of UK services PMI, awaiting for a break-out in order to confirm its near-term direction...
EUR/JPY: Upside Capped Near 123.10, Awaits Fresh Impetus The EUR/JPY cross failed to sustain above 123 handle yet again and met fresh supply, now sliding to fresh session lows ahead of 5-DMA located at 122.58. EUR/JPY drops on broad euro strength The EUR/JPY pair now drops -0...
German Bunds Slide As Canadian Wildfire Threatens Crude Oil Output The German bunds plunged on Thursday as investors cooled on safe-haven assets amid gains in riskier assets including stocks and oil. The yield on the benchmark 10-year bonds, which moves inversely to its price rose 1bps to 0...
Technical Analysis of USD/JPY for May 05, 2013 USD/JPY is expected to trade in a higher range as the bias remains bullish. Overnight US stock indices continued to drift lower, weighed down by reignited concerns over global growth and weaker-than-expected ADP private payrolls data...
Technical Analysis of USD/CHF for May 05, 2016 USD/CHF is expected to trade with a bearish bias. The pair stands firmly above its key horizontal support at 0.9530 and is likely to post further advance to 0.9605 at first...
Technical Analysis of NZD/USD for May 05, 2016 NZD/USD is under pressure. The pair remains under pressure below its key resistance at 0.6945. Even though a technical rebound cannot be ruled out at the current stage, its extent should be very limited...
Technical Analysis of GBP/JPY for May 05, 2016 GBP/JPY is expected to trade in a lower range. The pair remains weak and is likely to challenge its nearest support at 154.40 in sight...
Technical Analysis of Silver for May 05, 2016 Technical outlook and chart setups: Silver is seen to be trading at $17.45 levels at this moment after having bounced off the fibonacci 0.618 retracement levels as depicted here. The metal might be looking to continue higher towards $18...
Technical Analysis of Gold for May 05, 2016 Technical outlook and chart setups: Gold has formed a bottom around $1,271.00/72.00 levels yesterday before turning higher again. Please note that the metal has bounced off the fibonacci 0.382 support as expected and discussed earlier...
Technical Analysis of EUR/JPY for May 05, 2016 Technical outlook and chart setups: The EUR/JPY pair seems to be pushing above 123.00 levels at this moment, looking to rise through 124.50 levels at least before reversing lower...
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