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EUR/USD Challenges Lows Near 1.1170, US GDP Eyed The single currency is accelerating its daily decline today, sending EUR/USD to the area of 1.1170, or session lows. EUR/USD lower ahead of US GDP Spot is fading yesterday’s spike to the 1...

USD/JPY Subdued Below 50-DMA Ahead of US GDP Release The USD/JPY pair eased off from the vicinity of 110.00 handle and has now dipped back below 50-day SMA to currently trade near 109.65, few pips off day's through level of 109.55...

JPY: All or Nothing - Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that after three years of Abenomics, the development of the economy and inflation in Japan is disappointing...

USD Index: Bulls Continue To Dominate; More Upside In View After Wave 4 on the sharp rise and has reached our minimum upward projections at 95...

Gold Rejected at 1HR 50-SMA, but Holds 100-DMA Ahead of US GDP The recovery in the yellow metal from eight-week troughs faltered at hourly 50-SMA located near 1123.50, and from there the spot now reverts towards 100-DMA resistance-turned support at 1216.40...

GBP/USD Forecast: Pound Still Strong The Pound continues shedding ground this Friday, with the GBP/USD pair advancing up to 1.4688 following the London opening, from where it turned south to post a fresh 2-day low of 1.4620...

Daily Recommendations on Major USD/JPY DAILY MARKET OUTLOOK on Major USD/JPY Update Time: 27 May 2016 08:12 GMT USD/JPY - 109.75 Despite dlr's erratic rise from 109.11 (Monday) to 110.45 (Wednesday), yesterday's selloff to 109.42 in Asia signals 'choppy' trading below last Fri's 3-wk peak at 110...

FTSE Pairs Gains, USD Flat The US dollar remained soft across the board as the probability of a June rate hike slightly weakened throughout this week. The market gives a 38% chance for the Federal Reserve (Fed) to raise rates at the June meeting...

EUR/USD Points to a Test of 1.1230 – UOB In view of the research team at UOB Group, EUR/USD remains poised for a test of the 1.1230 area in the next 1-3 weeks. Key Quotes “The unexpected strong rebound in EUR appears to have to scope to extend higher but at this stage, a sustained move above 1...

EUR/USD Forecast: Stuck at 1.1180 Ahead of US GDP The FX board is extremely quiet this Friday, with most majors trading within Thursday's ranges, and the EUR/USD still stuck around the 1.1180 region...

Daily Technical Outlook & Trading USD/CHF DAILY USD/CHF TECHNICAL OUTLOOK Last Update At 27 May 2016 02:08GMT Trend Daily Chart Up...

USD/CHF Tracks USD Higher Ahead of US GDP, Yellen Despite falling oil prices, the USD/CHF pair recovered sharply and swung back above 0.99 handle, finding support from a minor-recovery in the European equities and a broadly higher greenback. USD/CHF holds 0...

GBP/USD Bounces Off 1.4620 Ahead of US GDP The sterling is trading on a bearish fashion today, with GBP/USD around 1.4650 after dropping to 1.4620. GBP/USD weaker pre-GDP Spot is retreating further at the end of the week following recent ‘double-tops’ in the vicinity of 1...

USD/CAD Bounces Higher to 1.3050 as Oil Sell-Off Extends The US dollar fought back the bids from its Canadian counterpart in the European session, with USD/CAD having brought an end to its three-day decline. USD/CAD extends beyond 1.3000 Currently, the USD/CAD pair jumps +0...

USD/JPY a Test of 108.45 Not Ruled Out – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could slip towards the 108.45 level. Key Quotes “USD/JPY continues to back away from the 55 day ma and currently we remain unable to rule out a slide to 108.45”...

EUR/SEK Flirting With Highs Near 9.2800 The Swedish krona is depreciating further vs. the euro today, with EUR/SEK now advancing to daily highs near 9.2800 the figure...

EUR/USD Holding 100-DMA Support, US GDP to Provide Further Cues The EUR/USD pair remained on back-foot but has managed to hold its neck above 100-day SMA support and is currently trading at 1.1182 level as market now awaits for fresh impetus from US GDP print...

Elliott Wave Analysis of EUR/NZD for May 27, 2016 Wave summary: We are still looking for a break above minor resistance at 1.6715 to confirm that a corrective low is in place at 1.6424 and a new impulsive rally to 1.6931 and 1.7223 is developing on the way higher to the 1.8420 target...

Technical Analysis of USD/JPY for May 27, 2016 USD/JPY is expected to trade with a bullish bias. Overnight U.S. indexes were little changed after rallying 2% over the prior two sessions. The Dow Jones Industrial Average eased 0...

Elliott Wave Analysis of EUR/JPY for May 27 - 2016 Wave summary: We are still looking for a break above the resistance at 123.12 to confirm that a corrective low was seen at 122.23 and a new impulsive rally to 124.65 and above is developing. Short-term support is seen at 122...