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Risk-Off Grips Europe Post-BOJ, Poor Earnings Weigh The risk-sentiment took a hit this Thursday after the BOJ failed to unveil further stimulus measures and stood pat instead, which disappointed markets and squashed hopes of cheap money flooding the markets...
USD/CAD Slides Further, Eyeing 1.2500 Mark Extending its weakness, the USD/CAD dropped to fresh 2016 lows of 1.2528 on broad based USD weakness and is currently trading marginally above day's through. Adding on to its drop of over 14% from multi-year high touched in Jan...
EUR/JPY Smashed to 8-Day Lows After BOJ’s Fall-Out The yen continues to hammer its European counterpart in the European session, as the former remains heavily in demand across the board on BOJ’s inaction at its today’s meeting. EUR/JPY erodes last week’s rise The EUR/JPY pair now drops -2...
GBP/USD Attempting to Reclaim 1.4600 Mark The GBP/USD pair has been trading in a range below 1.4600 level, as it awaits for fresh triggers to build on the recent gains. Declining fears of a 'Brexit' has been the key trigger for pair's recent up-move...
FxWirePro: AUD/USD Retakes 0.76 Handle, Broad USD Weakness Supports Broad USD weakness has helped AUD/USD recover lows of 0.7548 hit on Wednesday's trade. Surprisingly weak Australian CPI numbers on Wednesday saw sharp slump in AUD/USD...
FxWirePro: Swedish Krona Gains Against Euro Ahead of Retail Sales Data EUR/SEK is currently trading around 9.152 levels. It made intraday high at 9.1633 and low at 9.1495 levels. Intraday bias remains bearish for the moment. A daily close below 9.1437 will tests key supports at 9.1273 and 9...
Elliott Wave Analysis of EUR/NZD for April 28 - 2016 Wave summary: We finally saw a break above the important short-term resistance at 1.6499 to indicate that an important low was seen at 1.6062 and a new impulsive rally is developing. In the short term, we continue to look for support near 1...
Elliott Wave Analysis of EUR/JPY for April 28 - 2016 Wave summary: EUR/JPY only reached 126.47 before collapsing as the Bank of Japan announced no change after its meeting today. That disappointed the market and sent the cross pair strongly lower...
Technical Analysis of EUR/USD for April 28, 2016 When the European market opens, some economic news will be released such as the Italian 10-y Bond Auction, German Unemployment Change, Spanish Unemployment Rate, Spanish Flash CPI y/y, German Prelim CPI m/m...
Technical Analysis of USD/JPY for April 28, 2016 In Asia, Japan will release the BOJ Press Conference, Housing Starts y/y, BOJ Core CPI y/y, BOJ Outlook Report, Monetary Policy Statement, Prelim Industrial Production m/m, Retail Sales y/y, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI...
FxWirePro: AUD/JPY Slips Below DMA's As Bears Rout to Prolong, Both Leading and Lagging Oscillators in Bears Favour Bears needed 2 days trading sessions enough to wipe off 2 weeks of gains: The pair after rejecting resistance at 86.368 levels, it was so easy for bears to resume their business...
FxWirePro: Sugar Trades Weak After Brazil Record Cane Crush, Good to Sell on Rallies Major resistance - $16.10 Major support - $15...
Gold Catches 'Risk-Off' Bid Post BoJ Gold has caught a strong bid following the decision by the Bank of Japan to leave its monetary policy unchanged, resultING in markets going into 'risk'off' mode, with Asian shares tumbling, including the Nikkei 225, down more than 3...
Daily Analysis of Major Pairs for April 28, 2016 EUR/USD: The perpetual rally on the EUR/USD has become a threat to the recent bearish outlook on the market. The EMA 11 has almost crossed the EMA 56 to the upside; plus the Williams' % Range period 20 is now in the overbought area...
Oil Eases-Off 2016 Peaks as Stockpiles Hit Record Highs Oil benchmarks on both sides of Atlantic retreated after a two-day rally to fresh yearly tops as a bigger than expected rise in the US inventories continue to dampen the sentiment around the black gold...
USD/JPY Falling Llike a Knife on BOJ’s Kuroda, 108 Eyed The bearish pressure on the USD/JPY pair intensifies ahead of Europe open, as the BOJ Governor Kuroda’s press conference gets underway...
The #FOMC statement did not deliver any surprises. In general, its tone suggests that the rate hike in June is possible, but everything will depend on statistics. The Fed noted the improvement in the labor market and mentioned the low inflation. Find out more by checking out the Source Link...
EUR/USD Heading Towards 1.1400 Mark The EUR/USD pair move to the high point of the day, 1.1350 level, benefited by USD’s sharp weakness against the Japanese currency...
FxWirePro: Gold Turns Higher During Asian Hours, Good to Buy on Dips XAU/USD is currently trading around $1248 mark. It made intraday high at $1256 and low at $1237 levels. Intraday bias remains bullish till the time pair holds immediate support at $1239 marks...
