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Gold Off Highs, Back Near $1,260 The troy ounce of the precious metal is extending its sideline theme today, posting meagre gains around the $1,260 area...

Canadian Bonds Slump on Firm Consumer Price, FED June Rate Hike Bets The Canadian bonds slumped on Friday as investors cooled on safe-haven assets after reading strong April consumer prices figure. Also, FOMC April meeting minutes from the U.S...

Fxwirepro Short Term Outlook: Euro to Decline 700 Pips Against Pound Pound has been showing remarkable resilience against Dollar as well as other currency pairs, especially Euro, which makes the pair, EUR/GBP an attractive short...

GBP/USD Bullish, Aims to 1.4770 – UOB The research team at UOB Group remains bullish on Cable and expects a visit to the 1.4770 area in the near term. Key Quotes “In line with expectations, GBP extended its again to move above the 1.4650 target (high of 1.4663) but the up-move was short-lived”...

USD/CAD Targets 1.35 in the Longer Run – Scotiabank FX Strategist at Scotiabank Eric Theoret sees spot heading towards 1.35 in the long term. Key Quotes “We look to continued gains in USDCAD with near-term risk to 1.33 and medium-term risk to 1.35”...

Oil Reverses from 7-Month Highs, Dips Below $49.00 Mark After touching a fresh seven-month high level of $49.25, WTI crude oil futures turned lower on the back of some profit taking from bullish traders and as the greenback remains well supported...

EUR/USD Is Range-Bound N-Term, So Buy USD/CHF On Dips - Credit Agricole The USD has been relatively well supported...

Evening Euro Target: 1.1260 For the past twenty six hours the difference between pairs heading the same way has reduced. The euro/dollar is up 48 points: from 1.1179 to 1.1227. The pound/dollar is down 113 points: from 1.4663 to 1.4550...

GOFO and Gold Prices The Gold Forward Offered Rate (GOFO) is the swap rate for a goldtoU. S. dollar exchange...

Stocks and Oil Regain Poise as Fears Over Hawkish Fed Subside European stock indices have enjoyed a short-covering bounce that began late in the day on Thursday when Wall Street shares managed to erase most of their earlier declines. At midday in London, the UK’s FTSE 100 was up 1...

FX Treads Water on Friday Market Drivers May 20, 2016 EU Current Account 27.3B vs. 19.6B RBA Edwards - chatter over lower inflation premature Nikkei 0.54% Dax 1.18...

FTSE Looks to Break Losing Streak After four successive weekly declines, the FTSE 100 is attempting to end its dismal run and post a higher weekly close...

USD/CAD Challenges 1.3100 Post-Data USD/CAD has bounced off sub-1.3100 levels following mixed results from the Canadian docket. USD/CAD gains capped near 1.3130 The pair manages to keep the trade above the 1...

UK Strategy: Pricing Out Referendum Risk? – Deutsche Bank Jack Di-Lizia, Strategist at Deutsche Bank, suggests that the upcoming EU referendum continues to represent a significant driver of risk dynamics...

EUR/USD Remains Capped by 1.1230 Zone EUR/USD consolidates near daily highs in quiet trading Friday, with the dollar mixed across the board ahead of the G7 meeting. EUR/USD found support at the 1.1180 area on Thursday but every bounce attempt has remained capped by the 1...

CAD: No Fireworks in the Forthcoming BoC Meet – RBC CM Research Team at RBC Capital Markets, suggests that the BoC meeting (no press conference or MPR) comes on Wednesday with an unchanged 0.50% overnight rate universally expected...

AUD/USD Turns Negative, Eyeing 0.7200 Mark to Extend Support The AUD/USD pair failed to extend its tepid recovery back towards 200-day SMA and the bears took back the control, dragging the pair back into negative territory...

FxWirePro: CAD/JPY Faces Strong Resistance at 84.35, Good to Sell on Rallies Major resistance – 84.35 (21 day 4H MA) Major intraday support – 83.60 CAD/JPY has retreated after making a high of 84.32 today. It is currently trading around 84.12. The pair’s major support is around 83.30 (61...

GBP/JPY Trade Idea Harmonic Pattern Formed- Bearish Bat pattern Potential Reversal Zone (PPRZ) – 162.80 GBP/JPY has completed Bearish Bat Pattern at 161.80 and slightly declined from that level. It is currently trading around 160.60. Short term trend is lightly weak as long as resistance 162...

Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD Analysis for May 20th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar has reached the target at 1.1200 and right now is consolidating; it has defined the channel’s borders and returned to the center...