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USD Longs Dropped, EUR Shorts Reduced - Rabobank Jane Foley, Senior FX Strategist at Rabobank, lists down the IMM Net Speculators’ Positioning as at 03 May 2016. Key Quotes “Despite the dovish position of the ECB, speculators have reduced their net EUR shorts for a run of seven consecutive weeks...

GBP/JPY Reclaims 156.00 Level, Might Now be Eyeing 157.00 Mark The GBP/JPY pair once again trashed bearish expectation of an accelerated downfall below 155.00 handle and has now soared back above 156.00 round figure mark. The pair attracted fresh bids from sub-155...

EUR/GBP Intraday Sharp Reversal Now Eyeing 0.7865 Support The EUR/GBP pair once again failed to built on to its strength and reversed from 0.7925 strong resistance to currently trade near session low of 0.7875 level...

GBP/USD Could See a Test of 1.4277 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, spot could see its downside renewed towards the 1.4280 area...

Technical Analysis of USD/JPY for May 09, 2016 USD/JPY is expected to trade with a bullish bias. Last Friday, US stock indices settled higher despite disappointing April payrolls data. Commodities and industrial shares were the best performers. The Dow Jones Industrial Average rose 0...

Technical Analysis of USD/CHF for May 09, 2016 USD/CHF is expected to continue its further upside movement. The pair stands firmly above its key horizontal support at 0.9655 and is challenging its nearest resistance at 0.9765 at first...

AUD/USD Attempts a Bounce Amid Improved Risk Sentiment The Australian dollar trims losses against its American counterpart in the European session, lifting AUD/USD from multi-week troughs amid renewed optimism spread across the markets. AUD/USD regains 100-DMA at 0...

GBP/USD Clinches Highs Near 1.4470 After a brief adventure to lows in sub-1.4400 levels, GBP/USD has gathered further traction and is now testing daily highs in the 1.4465/70 band. GBP/USD supported by 1...

Technical Analysis of USD/CAD for May 9, 2016 General overview for 09/05/2016: The choppy wave progression to the upside does not look like an impulsive wave, but more like an end of some sort of an ending diagonal...

Technical Analysis of NZD/USD for May 09, 2016 NZD/USD is under pressure. The pair has been capped by the descending 50-period moving average and remains under pressure. At the same time, the relative strength index is around 50 and lacks upward momentum. Hence, as long as 0...

Technical Analysis of GBP/JPY for May 09, 2016 GBP/JPY is expected to trade with a bearish bias. The pair is posting a rebound but stays below its resistance at 156. Meanwhile, the 20-period moving average still stays below the 50-period one...

ECB’s Constancio: ECB is Determined to Pursue Expansionary Policy Speaking at an event in London, ECB governing council member Constancio noted that the central bank’s monetary policy should remain expansionary...

IPSOS Poll: Brexit Will Harm the EU More than the UK Latest poll conducted by IPSOS showed that the respondents believe that a Brexit would lead to a domino effect in other countries...

Cable Breaks Major Support 1.4400, Targets 1.4280/1.4240 Major support - 1.4400 (trend line joining 1.44437 and 1.44229) Major resistance -1.4450 (support turned into resistance) Cable has broken major support 1.4400 and declined till 1.43780 at the time of writing...

USD/JPY Bulls Unstoppable, 108 – a Whisker Away The rebound in the European stocks provided a fresh breath of air to the USD bulls, driving the USD/JPY further towards 108 handle...

EUR/USD Turns Negative Below 1.1400 The single currency is now losing momentum, sending EUR/USD to test lows in the 1.1390/80 band...

USD/CHF Reverses from 50-DMA, Dips Back Below 0.9700 Handle The USD/CHF pair witnessed some profit taking from the vicinity of 50-day SMA region (0.9725-30 area), dragging the pair to its session low level of 0.9693...

Technical Analysis of Silver for May 09, 2016 Technical outlook and chart setups: Silver has been trading sideways for 2 consecutive trading sessions between $17.25 and $17.45 levels respectively. The metal had reversed from $18.00 levels earlier and is trading at $17.40 levels for now...