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EUR/USD Clings to Gains Near 1.1300 The shared currency remains on the positive territory vs. the greenback on Monday, with EUR/USD gyrating around the 1.1300 mark...

FxWirePro: USD/CAD Faces Minor Resistance at 1.3000, Good to Sell on Rallies Minor resistance – 1.3000 Major trend reversal level- 1.3060 The pair has opened up at 1.29850 compared to previous close of 1.28110. It has jumped till 1.29896 at the time of writing. It is currently trading around 1...

Gold Hovers Around 50-DMA Gold has recovered from its daily lows and now trades just above 50-DMA level of $1234.60 levels. Weak equities supports gold The metal finally found takers as weakness in energy and mining shares pushed European stocks lower. Prices thus recovered from the low of $1229...

AUD/USD Struggles to Extend Recovery Above 0.7700 The AUD/USD’s recovery finds stiff hurdle ahead of 0.77 handle, with more than half of the bearish opening gap filled in amid stabilizing oil prices and a broadly weaker US dollar. AUD/USD continues to recover from 0...

EUR/USD Keeps the Bearish Outlook – UOB Analysts at UOB Group keep their bearish stance on the pair for the next 1-3 weeks. Key Quotes “There is no change to our bearish view but as highlighted previously, downward momentum is not very strong and the downside potential is likely limited to 1...

Technical Analysis of USD/CAD for April 18, 2016 General overview for 18/04/2016: The wave (b) extended higher during the weekend, but it looks like it was capped around the 50%Fibo at the level of 1.2985...

USD/JPY On its Way to 107.60? – Commerzbank In opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair seems to be poised to retest the area of 107.60. Key Quotes “USD/JPY is slipping back towards its April low at 107.63. Below 107.63 lies major support – namely 106.63/38...

GBP/JPY Turns Positive, Aims for 154+ Levels GBP/JPY cross turned positive on the day and is now looking to take out offers around 154.00 levels as bid tone around Yen lost steam. Supported by 152.51 Prices turned higher from the low of 152...

USD/CAD Filled the Gap, Back Below 1.2900 The Canadian dollar has gathered further traction today, now dragging USD/CAD back below the 1.2900 key support. USD/CAD fades the spike to 1...

EUR/JPY Stages Solid Comeback From 3-Year Lows The cross in the EUR/JPY caught fresh bid-wave post-European open, with the bulls on their way to fill in the bearish opening gap amid easing risk-off market profile. EUR/JPY recovers almost 1 big figure drop The EUR/JPY pair now loses 0.11% to 122...

GBP/USD: Bulls Conquer 1.4200 Amid Oil Price Recovery The offered tone around the GBP appears to weaken in the European morning, now allowing the recovery in GBP/USD to 1.42 handle, as markets continue to track the oil price action for fresh hints on the major...

FxWirePro: FTSE100 Recovers After Gap down Opening, Good to Sell on Rallies Major resistance -6375 The index has showed a gap down opening in the morning till 6260 and slightly filling up the gap. It is currently trading around 6309. Short term trend is still weak as long as resistance 6375 holds...

FxWirePro: Sugar Faces Strong Support at $13.70, Good to Buy at Dips Major resistance - $14.95 (7 W EMA). Major support - $13.70 (200 day MA) Sugar has made a low of $13.70 and started to recover from that level. It is currently trading around $15.04. Short term jump is possible till $15.4/$16...

FxWirePro: EUR/GBP Finds Strong Trendline Support at 0.7945, Good to Buy Dips EUR/GBP holds above strong trendline support, momentum studies bullish. Upside in the pair has stalled ahead of the 0.80 handle. The pair has hit fresh session highs at 0.7993...

Technical Analysis of Silver for April 18, 2016 Technical outlook and chart setups: Silver is trading at $16.10/15 levels for now, after hitting $16.37 levels earlier as expected. The metal has taken out resistance at $16.35 levels, completing a 5-wave rally from $13...

Daily Analysis of Major Pairs for April 18, 2016 EUR/USD: The bias on this market is getting neutral owing to the consolidation that was witnessed in the last two weeks. Even last week, the price merely corrected a bit lower. This week, the support lines at 1.1250 and 1...

EUR/USD Firmer, Challenges 1.1300 A negative open of equity markets in the Old Continent is somewhat propping up the now bid tone in EUR/USD, which managed to regain the 1.13 neighbourhood...

US Warns Japan Not to Devalue the Yen – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has derived support as well from reports over the weekend that the US has warned Japan not to devalue following meetings late last week in Washington...

USD/JPY Turns Positive, Gap Filling Underway USD/JPY is now trading in the positive territory around 108.30 despite oil driven risk-off in the European equity markets. Gap down opening Doha talks failed leading to a sharp drop in oil and uptick in the funding currencies...