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As stated in our March 9th analysis on EURUSD, this rally is a corrective wave 4 and even though we expected EURUSD to reach 1.17-1.18 levels, recent action has put a question mark on that event. A break of 1...
FTSE, CAC Drop Amid Holiday-Thinned Markets The sentiment on the European equity markets remained calm, with only London and French markets open for trading, while rest of Europe enjoys Whit Monday holiday. Hence, a quiet trading calendar and low volumes kept the trading activity largely subdued...
AUD/USD Regains 0.7300, Session Highs The Aussie dollar is now picking up further pace, lifting AUD/USD to the area above the 0.7300 handle, or daily highs. AUD/USD up on USD-selling After bottoming out in the mid-0.7200s in early trade, the pair has now regained the key barrier at 0...
USD/CHF Poised for Further Upside – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the likelikess of further upside in the pair. Key Quotes “USD/CHF last week sold off to and bounced off the previous downtrend at...
USD Expected to Gather Further Traction – Danske Bank Thomas Harr, Global Head of FICC Research at Danske Bank, believes the greenback could edge higher in the next periods. Key Quotes “The market has become overly pessimistic on US growth in our view”...
NZD/USD Flirts with 0.68 Handle Amid Oil-Price Rally The recovery in the NZD/USD pair gained further traction in the European session, as markets shrugged-off weaker Chinese data dump and cheered a fresh rally in the oil prices. NZD/USD: A break of 0...
GBP/USD Bearish Below 1.4300 – UOB The research team at UOB Group sees GBP/USD's downside accelerating below the 1.4300 handle. Key Quotes “While the breach of 1...
Steady Up-Move in Oil Continues to Hinder Recovery for USD/CAD Tracking a surge in crude oil prices to a fresh six-month high, the USD/CAD pair has witnessed a steady decline towards 1.2900 handle...
USD/JPY Clings to Gains Near 108.80 The rally in the greenback seems to be losing some momentum on Monday, with USD/JPY clinging to gains in the 108.80 area. USD/JPY gains capped near 109.00 The pair has almost faded the overnight spike to the boundaries of 109...
EUR/USD Fails to Resist above 50-DMA, Back to Square One A renewed bout of buying interest seen around the EUR appears to wane over the last hour, with the EUR/USD pair reversing a spike to daily highs printed above 50-DMA. EUR/USD deflates from 1.1330 Currently, EUR/USD trades modestly flat at 1...
Oil Rises above $47.00 Mark to a Fresh 6-Month High WTI crude oil futures kicked-off the fresh trading week on a strong footing, moving back above $47.00/barrel mark for the first time since early November 2015 on bullish comments from a leading investment banker...
GBP/USD Forecast: Eyeing 1.4250 The British Pound consolidates near its recent lows against the greenback, with the pair confined to a tight 40 pips range ever since the day started, but overall, with the bearish trend firm in place, given that the pair broke last Friday, below the 61...
Oil higher but FTSE static By Brenda Kelly The oil market has very swiftly made an about-move in recent days...
EUR/USD Forecast: Bouncing, but Downward Risk Prevails The EUR/USD pair has bounced modestly from the 1.1285 low posted last Friday, so far struggling to overcome the 23.6% retracement of the latest daily decline between 1.1446 and the mentioned low around 1.1320...
EUR/GBP Climbs to Session High of 0.7890, Remains Trapped in a Range The EUR/GBP pair has been steadily inching higher and as the London trading session gets underway has now moved to session peak level of 0.7890...
Gold Firmer, $ 1300 Back on Sight ahead of US CPI, Fed Minutes Gold kicked-off the week on a brighter note and now extends gains for the second straight day this Monday, on the back of poor China dataflow and a broadly weaker US dollar...
EUR/USD Climbs to Session High of 1.1325 Amid Thin Liquidity On the first day of a fresh trading week, the EUR/USD pair is witnessing a quiet and steady session amid low liquidity conditions on the back of bank holiday in France and Germany in observance of Whit Monday...
FxWirePro: Gold Breaks Key Resistance at $1282, Intraday Bias Remains Bullish - We Prefer Take Long Position XAU/USD is currently trading around $1281mark. It made intraday high at $1283 and low at $1270 levels...
