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EUR/JPY Turns Flat, Reclaims 124.00 Level The EUR/JPY pair witnessed a sharp up-move in the last hour, lifting the pair back above 124.00 handle to currently trade at 124.20, nearly unchanged from yesterday's close. Earlier on Wednesday, the pair dropped to 123...

Gold Climbs Above $1275, Benefiting from USD Weakness A fresh bout of weakness across global financial markets is assisting Gold recovery for second day running, lifting the metal back above $1275 level...

EUR/USD Attempts to Consolidate Above 1.1400 EUR/USD is staging a mild recovery on Wednesday, having reversed completely previous day’s losses, amid a weaker greenback across the board...

Technical Analysis of AUD/JPY for May 11, 2016 AUD/JPY formed a massive support area around 79.80, while on the top there is strong resistance around 86.00 and AUD/JPY is clearly ranging between these levels...

Technical Analysis of EUR/JPY for May 11, 2016 Technical outlook and chart setups: The EUR/JPY pair has almost touched expected resistance at 124.50 levels yesterday before reversing lower. The pair is seen to be trading at 124.10 levels for now, looking to resume lower from here...

Technical Analysis of GBP/CHF for May 11, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4040 levels at the moment, after facing resistance at 1.4100 levels in early trades today. The pair looks to resume its downtrend as expected and discussed earlier...

Technical Analysis of Silver for May 11, 2016 Silver is trading at $17.50 levels at this moment after bouncing off $16.88 levels yesterday. The metal might be looking to retrace lower towards $17.00 levels from here, before resuming rally...

Technical Analysis of Gold for May 11, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,277.00 levels at this moment, after having bounced off a major support at $1,256.00 levels yesterday. The wave which began from $1,256...

Technical Analysis of USD/JPY for May 11, 2016 USD/JPY is expected to trade in a higher range as the pair is bullish above 108.20. Overnight U.S. stock indexes rose over 1% posting their biggest gains in two months...

Technical Analysis of USD/CHF for May 11, 2016 USD/CHF is expected to continue its upside movement. The pair stands firmly above its key horizontal support at 0.9680, and is challenging its nearest resistance at 0.9765...

Technical Analysis of NZD/USD for May 11, 2016 NZD/USD is turning up and expected to trade in a bullish bias. The pair is likely to post further rebound. At the same time, the 20-period moving average has crossed above the 50-period one, calling for further upside as well. As long as 0...

Technical Analysis of GBP/JPY for May 11, 2016 GBP/JPY is expected to post further gains. The pair has been supported by its rising 20-period and 50-period moving averages and is looking for a higher top. Meanwhile, the relative strength index still stays above 50. As long as 123...

Oil Recovery Drags USD/CAD Further Below 1.2900 Level Tracking recovery in crude oil prices, the USD/CAD pair has now dropped back below 1.2900 handle to currently trade near day's through level at 1.2875...

US: Evidence for a June Hike Now Lacking - HSBC Research Team at HSBC, recently cut their forecast for US 2016 average growth to 1.8% from 2.0% on the back of the impact of disappointing global growth, financial market turmoil, and continued weakness in the oil and commodity sectors...

Goldman Sachs Revises Its $1000/troy Ounce Gold Call Goldman Sachs’ $1000/troy ounce Gold call, in a year time, given few months back, hasn’t proved so well so far. Despite recent drop in gold prices, yellow metal is still up around 20% this year so far. Goldman cited extra-dovish attitude from U...

BoE: Losing Momentum - Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that the publication of the Bank of England’s May Quarterly Inflation Report comes just over a month before the UK goes to the polls to determine whether the country will remain within or leave the EU...

Trading the BoE Inflation Report - TDS Research Team at TDS, suggests that a 9-0 vote seems the safe thing to do for BoE in its forthcoming meet with the EU Referendum just 43 days away. Key Quotes “But two MPC members have said a deterioration in the data might push them to vote for a cut...

How US Politics will Impact FX – Deutsche Bank Alan Ruskin, Macro strategist at Deutsche Bank, suggests that the channels through which the coming election will influence the USD are complex and sometimes contradictory - which will probably mute the response to some degree...

FxWirePro: CHF/JPY Faces Strong Resistance at 112.50, Good to Sell on Rallies Major Resistance- 112.50 (21 day MA) The pair has made a high of 112.50 and declined from that level. It is currently trading around 111.54. Short term trend is bearish as long as resistance 112.50 (21 day MA) holds...

Oil Recovery Now Eyeing $45.00 Level Ahead of EIA Inventory Data After dipping back below $44.00/barrel mark, WTI crude oil future recovered sharply to currently trade at the high point of the day at $44.80...