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JPY: How the G20 Meeting Affects Japan – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that the Japan will attempt in this week’s meeting of G20 finance ministers and central bankers to preserve its freedom to intervene in forex markets to ward off a rise in the yen...

EUR/USD Edging Higher Towards 1.1380 EUR/USD continues to benefit from the offered tone surrounding the dollar, now aiming to test 1.1380. EUR/USD finds support at 1.1300 The pair has managed to revert the initial negative tone, finding support in the 1...

FxWirePro: GBP/USD Maintains Bullish Bias With Focus on 1...

NZD/USD to Trade at 0.68 by End of 2016 The New Zealand dollar has appreciated gradually against the US dollar since it hit 0.6350 in mid-January. The NZD appreciated in spite of the RBNZ unexpectedly lowering rates during its March meeting...

NZD/USD Needs to Close Above 0.70 – UOB In opinion of analysts at UOB Group, the Kiwi dollar needs a close above 0.70 vs. the greenback in order to shift to a bullish outlook. Key Quotes “The unexpected strong rally clearly bodes well for NZD but we prefer to wait for a daily closing above 0...

USD/CAD Keeps the Bearish Outlook – Scotiabank FX Strategist at Scotiabank Eric Theoret sees occasional bullish attempts as selling opportunities. Key Quotes “Monday’s brief rally through the upper 1...

EUR/JPY Still Focused on 120.00 – Commerzbank Senior Technical Analyst at Commerzbank Axel Rudolph has noted the relevance of the 120.00 key support. Key Quotes “EUR/JPY remains under pressure and attention remains on the 120...

US Dollar Slumps to Lows Near 94.00 Another day, another drop in the US Dollar Index, now hovering over multi-day lows in the 94.00 neighbourhood. US Dollar weaker after US releases The index is losing ground for the third consecutive session today, challenging the critical support at 94...

Gold Surpass 1250 Mark Disappointing US housing data provided the required boost for Gold to extend its momentum and move above $1250 psychological mark...

GBP/USD Picks Up Pace, 1.44 Closer The sterling has now accelerated its upside momentum, taking GBP/USD to the vicinity of the critical barrier at 1.4400 the figure. GBP/USD stronger ahead of Carney Spot is trading at shouting distance from the 1...

USD/JPY still bearish below 109.74 – Commerzbank According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair’s perspective remains bearish while below 109.74. Key Quotes “USD/JPY nearly retested its April low at 107.63 before bouncing back”...

GBP/USD Could Extend the Upside to 1.4450/60 – UOB The upside momentum in GBP/USD could pick up further pace towards the mid-1.4400s, suggested analysts at UOB Group. Key Quotes “Improving short-term momentum suggests that a test of the top-end of our expected 1.4000/1...

Euro: Recording Higher Highs and Higher Lows - BBH Research Team at BBH, suggests that after reaching a low near $1.1235 on April 14, the euro has been gradually recovering, and for the third session, is recording higher highs and higher lows...

EUR/USD Stuck Within Daily Range The European currency is extending its sideline pattern against the dollar today, with EUR/USD trading unmotivated around 1.1330. EUR/USD well supported near 1.1300 Spot has faded the earlier spike towards the proximity of 1...

AUD/USD Struggling to Conquer 0.7800 Mark As oil extends its reversal on Tuesday from an early slump on Monday, commodity linked currencies also continue with their sharp rebound. AUD/USD pair tested 0.7800 mark for the first time since June 2016...

EUR/GBP Cross Putting Pressure in the 0.7925-0.7880 Support Region – Lloyds Bank Research Team at Lloyds Bank, suggests that the EUR/GBP cross is putting further pressure on important support in the 0.7925-0.7880 region...

GBP: Gloomy Outlook if the UK were to Leave the EU - Investec Research Team at Investec, notes that the UK Chancellor George Osborne yesterday presented a gloomy outlook if the UK were to leave the EU...

WTI On a Firmer Footing, Near $42.00 Crude oil prices continue their recovery today, with the barrel of West Texas Intermediate up more than 1% near the key $42.00 mark...

EUR/USD is Still Grinding Higher – Lloyds Bank Research Team at Lloyds Bank, suggests that EUR/USD is still grinding higher from 1.1240 support, driven by general USD weakness. Key Quotes “We still view this as corrective against last week’s reversal from 1.1465 key resistance. 1.1325-1...

EUR/NZD Analysis for April 19, 2016 Recently, EUR/NZD has been moving downwards. As I expected, the price reached our first take profit level at 1.6135. According to the daily time frame, I found that supply is still present in the market and buying at this stage looks risky...