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EUR/GBP Muted Reaction to UK Jobs Data, awaits EU CPI Print The EUR/GBP pair broke through 0.7800 handle after the release of UK employment figures that portrayed better-than-expected picture of the UK labor market...
GBP/USD Points to Rangebound Between 1.4300 and 1.4550 – UOB The research team at UOB Group expects GBP/USD to trade in a 1.4300-1.4550 range in the next 1-3 weeks. Key Quotes “GBP touched a high of 1.4524 but eased off quickly...
GBP/USD Ignores UK Data, Drops to 1.4420 A brief knee-jerk following UK releases saw GBP/USD reaching 1.4450/55, although the up move proved to be short-lived. GBP/USD offered despite upbeat results After dipping to the area of 1.4420, spot has managed to regain 1...
Brexit: Is Hope a Strategy? – Greenwich Associates Research Team at Greenwich Associates, suggests that as the world moves closer to the U.K referendum on continued EU membership on June 23, what once seemed a remote possibility now seems increasingly likely—or at least possible...
Iron Ore, Steel Price Jumped Thanks to China Iron ore and Steel had their best rally in years, till April, where iron ore prices rose more than 70%, from their December bottom and Steel price rose from Yuan 1580 per ton in December, last year to Yuan 2870 per ton in April...
Technical Analysis of Silver for May 18, 2016 Technical outlook and chart setups: Silver is seen to be trading at $17.03 levels. It can produce intraday rallies but remain in control of bears till prices remain below $18.00 levels. The metal dropped lower towards $16...
Technical Analysis of Gold for May 18, 2016 Technical outlook and chart setups: Gold is seen to be setting up for a continued drop towards $1,237.00 and lower levels. The yellow metal is trading at $1,272.00 levels at the moment, and might test $1,282...
Elliott Wave Analysis of EUR/NZD for May 18 - 2016 Wave summary: With a low at 1.6538, we are now looking for a break above the minor resistance line near 1.6675 to confirm that the correction from 1.6931 is over and a new impulsive rally towards 1.7254 is developing...
Elliott Wave Analysis of EUR/JPY for May 18 - 2016 Wave summary: With a low at 122.93 or exactly the 78.6% correction of red wave [i], we expect red wave [ii] will be in place for the next impulsive rally above minor resistance at 123.55 and, more importantly, above resistance at 124...
FxWirePro: EUR/SEK Remains Well Supported Below 9.35, Intraday Bias Remains Bearish EUR/SEK is currently trading around 9.3353 levels. It made intraday high at 9.3442 and low at 9.3285 levels. Intraday bias remains bearish for the moment. A sustained break above 9.35 tests key resistances at 9...
FxWirePro: Dax Faces Strong Resistance 10200, Good to Sell on Rallies Major resistance- 10200 (200 day MA) Major support -9750 DAX has made a high of 10110 (May 10th 2016) and declining from that level. It is currently trading around 9816. Short term trend is low as long as resistance 10200 holds...
USD/JPY, EUR/SEK, 1H Chart: Channel Up EUR/SEK 1H Chart: Channel Up Comment: EUR/SEK formed the channel soon after a test of 9.16—a major demand area that was established a year ago and repeatedly confirmed thereafter...
Daily Forex Fundamental Overview Fundamental Analysis USD “Some of that is just a reversal of the huge fundamental decline in oil and gasoline that we’ve seen, and the other part is the service side of the economy...
EUR/GBP Seems Vulnerable to Slide Below 0.7800 Extending its break-down momentum on Wednesday, the EUR/GBP pair is dipped lower to 0.7813 ahead of the UK jobs report and the final print of EU CPI. On Tuesday, the pair attempted a sharp recovery from 0.7800 handle and move back above 0...
FxWirePro: South African Rand Falls Against US Dollar ahead of CPI Data Pair is currently trading at 15.72 marks. It made intraday high at 15.75 and low at 15.52 levels. Intraday bias remains bullish till the time pair holds key support level at 15.37 levels. A daily close above key resistance 15...
Fed Officials Warn Over Markets Dovish Hike Expectations Several FOMC members have come out and warned against too dovish expectations by market participants over rate hike...
FxWirePro: EUR/GBP Rangebound ahead of EZ Inflation Data, Momentum Studies Bearish EUR/GBP trades a tight range on the day, with day's highs at 0.7831 and lows at 0.7813...
Yesterday’s release of a 0.4% MoM rise in US CPI has seen two year US swap rates back edge back to the April highs and provided the USD with a modest lift...
AUD/JPY: Bears Relentless, Heads Towards 79 Handle The AUD/JPY cross remain heavily offered in the European trades, now attempting a tepid-bounce towards the mid-point of 79 handle. AUD/JPY testing support near 80.20 The AUD/JPY pair now drops -0.64% to 79...
