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US Stocks Struggle for Direction on Weak Economic Data US stocks opened higher on Thursday but trimmed gains after a larger-than-expected rise in weekly jobless claims that pointed to a slower pace hiring in the recent past...

AUD/USD Trims Losses and Rises Above 0.7350 AUD/USD bounced off lows amid a weaker US dollar in the market. The pair climbed above 0.7350 and reached 0.7367, the highest level since the Asian session...

GBP/USD Pierces Through 1.4500 Handle, Seems to Extend the Momentum After fading its spike initial spike on BOE status-quo, the GBP/USD pair surged past 1.4500 handle and rose to a 5-day peak level of 1.4530...

EUR/USD Bounces Off Lows, Struggles to Regain 1.1400 EUR/USD bounces off daily lows and managed to trim intraday losses at the beginning of the New York session. After being rejected from the 1.1445 zone on Wednesday, EUR/USD corrected lower and bottomed out at 1...

USD/CAD Breaks Through 1.2800, Could be Vulnerable to Further Downside As crude oil prices continue to scale fresh 2016 highs, the USD/CAD pair extended its slide back below 1.2800 handle...

U.S. Bonds Slump on Upbeat Jobless Claims, Crude Rallies The U.S. government bond prices weakened on Thursday after data showed higher-than-expected initial jobless claims and export prices figure. Also, jump in crude oil prices led investors to favour riskier assets...

FxWirePro: USD/CAD Heads Southwards As Crude Oil Prices Rebound, Outlook Bearish Canadian dollar firmed against US dollar on Thursday, after Canadian dollar gathered momentum after crude oil price rebounded more than 4 percent after data showed crude oil inventories fell 3...

Gold Struggling to Extend Recovery Momentum Above $1270 The precious metal's attempted recovery from day's through failed to gain momentum despite of higher-than-expected weekly US jobless claims data...

NZD/USD Turns Negative, on the Verge of Slipping Below 0.6800 Level As USD demand returns post the key BOE event risk, the NZD/USD pair erased it early gains to 0.6836 and has now turned negative to currently trade just above the 0.6800 handle...

Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold Analysis for May 12th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar is expanding the consolidation channel upwards. We think, today the price may test 1.1407 from above and then grow to reach 1...

USD/JPY Climbs Further to 109.40 as USD Demand Picks-Up The demand for the US dollar is on the rise and further gains traction as the North American desks get underway, driving USD/JPY to fresh more-than 1-week highs just shy of 109.50 levels...

GBP/USD Recedes to 1.4450 as Carney’s Presser Gets Underway The GBP/USD pair gave back almost entire BOE-led gains and now trades modestly flat, reacting to the cautious remarks delivered by the BOE Governor Carney at the BOE press conference...

EUR/USD Forecast: Back to Nowhere Land The EUR/USD eased from 1.4446, the high achieved late Wednesday, reaching a daily low of 1.1403 with the European opening...

EUR/USD Trade Idea EUR/USD Bottom 1.1365, down 10 pips overnight from 1.1375. Range break above 1.1721, 1.1886, 1.1979. Range break below 1.1131, 1.0977, 1.0892. Target 1.1486, down 5 pips overnight from 1.1491. Failure point 1.1442, down 8 pips overnight from 1.1450. Levels on the way up, 1...

Oil Climbs to Fresh 2016 Highs, Eyeing Levels Beyond $47.00 Mark WTI crude oil futures maintained its strong bid tone since yesterday, lifting the commodity to a fresh 2016 high level of $46.90...

NZD: Continue to See a Downward Bias as the Year Progresses - BNZ Research Team at BNZ, suggests that the weaker fundamentals for the AUD have helped drive the NZD down over the past couple of weeks...

Gold Attempts a Tepid Bounce Towards $ 1270 The yellow metal stalled its selling spiral and now makes fresh recovery attempts from 1266 lows, despite broad based US dollar strength and a slightly hawkish BOE documents. Gold holds above 20-DMA support Currently, gold trades -0.76% lower at 1267...

USD/CHF Turns Neutral at 0.9700 Handle, Awaiting Fresh Triggers The USD/CHF pair turned negative and dropped to test 20-day SMA support near 0.9680 before recovery back above 0.9700 to turn neutral around 50-day SMA...

FxWirePro: EUR/CAD Trades Lower on Strong Oil Price, Good to Sell on Rallies Major resistance- 1.4820 (200 day MA) Major support – 1.4600 EUR/CAD has declined after making a high of 1.48249 (9th May 2016).It is currently trading around 1.46632...