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Nikkei: Technicals Favour the Downside - FXStreet Asian shares closed mostly higher on Tuesday, fueled by RBA's decision to cut its main benchmark and despite China's Caixin Manufacturing PMI weakened to 49.4 in May from 49.7 in April, below market expectations...

GBP/CAD Holds onto Gains Near 1.8500 The Canadian dollar plummeted against all of its major rivals Tuesday on the back of oil's weakness, leading to an advance to 1.8510 in the GBP/CAD cross. Crude oil futures in the US fell down to $43...

Gold Turns Lower as Dollar Strengthens Gold prices surged at the beginning of the day, but the greenback’s comeback seen during the American afternoon sent the commodity into the red, with spot down to a fresh weekly low of $1,282.13 an ounce before settling around 1,286.50...

NZD/USD: En-Route for Key 20 Supporting DMA 0.6900 NZD/USD has taken a tumble on a number of counts and broad dollar strength and in an extension of last nights supply on the back of the RBA cutting rates in the pacific...

EUR/USD: Greenback Battles Back - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the American dollar fell to fresh yearly lows against most of its major rivals this Tuesday, as poor manufacturing data coming from China revived concerns over a global economic slowdown...

EUR/USD Finds Support at 1.1500 The decline of the EUR/USD pair from 1.1615, the highest level since August.2015, found support at the 1.1500 handle. The euro started to pullback and accelerated to the downside on American hours amid a stronger US dollar across the board...

GBP/USD: Further Declines to Follow to 1.4370 - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that following an advance to 1.4769, a fresh 4-month high, the GBP/USD pair plunged to 1.4530". Extra related reading: Brexit Countdown: the "Has Britain Got Talent...

Brexit Countdown: The "Has Britain Got Talent?" Edition Traders got back from a long weekend in London earlier today after May Day celebrations and spring festivals...

EUR/USD: Highest Since Chinese Black Monday - FXStreet Valeria Bednarik, chief analyst at FXStreet explained with a new month we start with an old trend, as the greenback kept falling against all of its major rivals this Monday. Key Quotes: "The EUR/USD pair traded as high as 1...

GBP/CAD: Bearish Bias Between 1.78/85 - Scotiabank Analysts at Scotiabank noted that GBP/CAD has consolidated over the past two weeks and the sideways movement in the cross has clearly undermined the broader trend move lower in the pound. Key Quotes: "We see strong resistance overhead at 1...

GBP/USD: Rallies on USD Weakness - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair advanced up to 1.4695, its highest in four months, and holds nearby at the end of the day, with no certain catalyst behind the mode beyond dollar's own weakness...

EUR/JPY: Off Key April Lows 121.70 - Commerzbank Axel Rudolph, analyst at Commerzbank explained that EUR/JPY retested its April low at 121.71 by dropping to 121.75 last week before stabilizing...

GBP/JPY: Modest Rebound After 700-Pip Decline The pound is up against the yen after falling more than 700 pips in the previous three trading days. GBP/JPY managed to erase losses on Monday and it is up for the first day after hitting earlier a 2-week low...

USD/CAD: Fade on Major Gains in USD - Scotiabank Analysts at Scotiabank explained that USD/CAD’s test of 1.25 on Friday is marked on the daily chart by a minor “doji” candle—ordinarily a warning that a move is prone to a correction...

USD/CAD Manages to Hold Above 1.2500 USD/CAD regained most of the lost ground as oil prices turned lower during the American session, pressuring the Canadian dollar. USD/CAD made a bearish attempt but it was contained by the 1.2510 area and bounced toward 1...

EUR/GBP Downside Playing Out on Brexit Remain Camp EUR/GBP has seen a recent bearish trend take fold as the clock is ticking at the start of a new month and we head ever closer to the EU referendum and the possibility of a Brexit is actually looking a little lower, fuelling a bid in the pound whi...

The Investor is an Endangered Species: Exit EU Edition There are plenty of reasons for investors to be cautious again...

AUD/USD Extends Gains Above 0.7650 The Australian dollar is among the top performers on Monday, in a quiet session for the forex market. AUD/USD rose further during the American session and peaked at 0.7664, just five pips below Friday’s highs...