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NZD/USD Trims China Data-Led Losses, 5-DMA Back on Sight? The Kiwi attempts a tepid-bounce from the Chinese data dump-induced weakness, and now looks to regain 5-DMA located at 0.6784 amid improved appetite for risk across the markets. NZD/USD finds support just below 0...

AUD/JPY: bulls battle back on 79 handle Despite a weaker global picture to start the week off, AUD/JPY is resilient in the Tokyo open. AUD/JPY had been soft in early Asia in response to soft weekend China data. However, there was a re-bound 78.65 lows and the price has been as high as 78...

AUD/USD: China Pressures Bulls Commitments - Westpac Analysts at Westpac explained that the AUD/USD extended its multi-week decline, from 0.7300 late Friday Sydney to 0.7270 into the weekend. Key Quotes: "It opened the week even lower, dipping as low as 0...

Intra-Day News and Views & data to be released today (USD/JPY) Intra-Day Market Moving News and Views 16 May 2016 01:22GMT USD/JPY - 108.78... Despite dlr's brief rise to session high at 109.59 in New York morning on Friday on the back of upbeat U.S. eco. data, price tumbled to 108...

APAC Currency Corner – Weekend Worries The trifecta of the closely watched Chinese economic metrics surprised on the downside over the weekend. This negative data should dictate this week’s risk environment, for the early part at least. However, in early trade markets have been mixed...

FxWirePro: Japanese Yen Falls in Early Asia on the Back of Lower Than expected PPI Data USD/JPY is currently trading around 108.80 marks. It made intraday high at 108.84 and low at 108.46 levels. Today Japan released PPI data with negative numbers at -4.2% m/m vs -3.8% m/m previous release...

USD/JPY Bulls Taking Over in Tokyo; Target Break of 100 1HR SMA U.S. retail sales data surprised markets and allowed the US 10yr treasury yield to rise to 1.75%, albeit only to end the session at 1.70% as a one-month low...

AUD/USD on Recovery Mode Post China's Data Dump AUD/USD has found some strong bids off 0.7250 day lows, recovering and even extending past the opening downside gap, which was a result of poor Chinese data over the weekend. At present, the pair exchanges hands at 0...

GBP/USD: 1.4330 is Key Support - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair fell to its lowest in three weeks last Friday, bottoming at 1.4339 before posting a modest bounce that anyway was not enough to push price back above 1.1470, the 61...

USD/СAD: Wave Analysis and Forecast for 13.05 – 20.05 Estimated pivot point is at the level of 1.2767. Our opinion: Buy the pair from correction above the level of 1.2767 with the target of 1.33. Alternative scenario: Breakdown and consolidation of the price below the level of 1...

USD/JPY: Wave Analysis and Forecast for 13.05 – 20.05 Estimated pivot point is at the level of 108.12. Our opinion: Buy the pair from correction above the level of 108.12 with the target of 110.64. Alternative scenario: Breakout and consolidation of the price below the level of 108...

USD/CHF: Wave Analysis and Forecast for 13.05 – 20.05 Estimated pivot point is at the level of 0.9659. Our opinion: Buy the pair from correction above the level of 0.9659 with the target of 0.98 – 0.99. Alternative scenario: Breakout and consolidation of the price below the level of 0...

GBP/USD: Wave Analysis and Forecast for 13.05 – 20.05 Estimated pivot point is at the level of 1.4520. Our opinion: Sell the pair from correction below the level of 1.4520 with the target of 1.42 Alternative scenario: Breakout and consolidation of the price above the level of 1...

Wave Analysis and Forecast for EUR/USD 13.05 – 20.05 Estimated pivot point is at the level of 1.1216. Our opinion: Wait for the completion of the correction and buy the pair above the level of 1.1216 with the medium-term target of 1.18 – 1.20...

US: No Need for Excessive Pessimism - BNP Analysts from BNP Paribas, explained that the US labour market has been losing momentum, which could be additional evidence of the soft patch the economy went through in early 2016 and could also signal further slowdown on the horizon...

Elliott Wave Analysis: EUR/GBP Facing A Reversal Higher EUR/GBP is tracing out an ending diagonal pattern in wave C which is a part of the A-B-C pullback in red wave B). We expect this pair to find its support around 0.7828, where formal wave 4 can react as a turning point into red wave C...

US Dollar Approaches 94.80 on Data The greenback, tracked by the US Dollar Index, is extending the rally on Friday towards the boundaries of 94.80 on upbeat US data...

Forex Weekly Outlook May 16-20 The US dollar had another positive week, enjoying some good data. UK and US inflation data, housing figures and most importantly the FOMC Meeting Minutes stand out. These are the highlights of this week. Join us as we explore the market movers on Forex calendar...