How did USD/JPY Avoid 105? - Westpac Sean Callow, Research Analyst at Westpac, suggests that the Japanese yen remains the strongest G10 currency so far this year, up 11% against the US dollar. Key Quotes “But at time of writing, USD/JPY is above 108, well clear of the 3 May low of 105...
Analytics & Forecasts
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12 May 2016, 09:20
Daily Analysis of GBP/USD for May 12, 2016 GBP/USD continues trading slow in a sideways range, but still trapped below the 200 SMA and dominated by the bearish bias. If pair does another rebound at the current levels and spikes towards the resistance zone of 1...
Analytics & Forecasts
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12 May 2016, 09:16
BoE: Likely to Hold its Fire for Now – Rabobank Elwin de Groot, Senior Eurozone Strategist at Rabobank, suggests that the Bank of England is expected to keep policy settings unchanged at today’s meeting, which will also see the release of the Bank’s latest Inflation Report and the meeting’s minut...
Analytics & Forecasts
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12 May 2016, 09:13
Oil Building on its Strength above $46.00 Mark Extending its Wednesday's sharp recovery from sub-$44.00/barrel mark, WTI crude oil is now comfortably trading above $46.00 level at day's peak of $46.35...
Crude Oil
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12 May 2016, 09:02
EUR/JPY Hits Fresh 10-Day Highs at 124.50 The EUR/JPY cross stormed its way through 124 handle and now accelerates to the upside beyond the last as the yen sees a free-fall amid persistent risk-on market profile. EUR/JPY takes out-Tuesday’s high The EUR/JPY pair now advances +0.46% to 124...
Analytics & Forecasts
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12 May 2016, 08:59
USD/CAD Holds Resistance Turned Support Near 1.2825 EIA's weekly inventory data released on Wednesday drove oil prices higher and in-turn dragged the USD/CAD pair further below 1.2900 handle to 1.2830. The pair extended its slide after the US crude inventories shrunk by 3...
Analytics & Forecasts
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12 May 2016, 08:56
FxWirePro: Reiteration on AUD/USD's Major Trend Continuation After Rejection of Resistance at 23.6% Fibos and at 0.7651 Didn’t we alert you for the shorts..? Please follow below weblink: https://www.tradingview...
Analytics & Forecasts
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12 May 2016, 08:54
Why Dollar Is Well Bid Despite Disappointing Non-Farm? After Friday’s worse than expected non-farm payroll report, after initial jolt, Dollar has snapped back and still remains quite well bid against number of currencies...
Analytics & Forecasts
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12 May 2016, 08:48
Australian Bonds Marginally Up on Weak Inflation Expectations The Australian government bond marginally firmer Thursday after data showed that Melbourne Institute survey of consumer inflationary expectations dropped to 3.2 pct in May...
Market News
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12 May 2016, 08:44
FxWirePro: Indian Rupee Strengthens Against US Dollar, Good to Sell on Rallies USD/INR is currently trading around 66.57. It made intraday high at 66.62 and low at 66.54 marks. Intraday bias remains bearish till the time pair holds key resistance at 66.72 marks. A daily close below 66...
Analytics & Forecasts
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12 May 2016, 08:42