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USD/JPY Within Familar Range Stuck Around 20 DMA USD/JPY has been better bid for the past number of sessions, although the 20 dma has not been an easy task for the bulls, at 113.32 today while the pair has made highs of 113.92 on dollar weakness to close the week down...

GBP/USD: Consolidation Now, at 1.47 by Year-End Analysts from FX Strategy at Lloyds Bank expect GBP/USD to trade around 1.47 by year-end. Key Quotes: “GBP/USD has had mixed fortunes over the past month. The currency pair fell below 1...

USD/CHF Drops to Fresh 4-Week Lows USD/CHF had a short-lived recovery during the European session and resumed the decline on American hours. Recently fell to 0.9802, hitting the lowest level since February 15. The pair is about to end the week slightly above 0...

NZD/USD Trims Weekly Losses NZD/USD surged after the beginning of the American session and climbed from below 0.6600 to 0.6756, reaching the highest level since the Reserve Bank of New Zeland rate cut surprise. The pair is holding near the highs, currently trading at 0.6742/46, up 1...

EUR/USD Attempts a Recovery to 1.1150 The offered tone in the greenback seems to have returned, now allowing EUR/USD to rebound to the 1.1150 area. EUR/USD still in red, upside capped at 1.1220 The pair has managed to gather some traction and stage a strong rebound after bottoming out in the 1...

Euro Declines Against Majors The euro fell against its major opponents in European deals on Friday, amid stark contrast in the European Central Bank's monetary policy from those of other major central banks in rest of the world...

USD/CAD: Sell-off Stalls as Oil Trims Gains Canadian dollar’s tight correlation with oil continues remains intact; with USD/CAD sell-off stalling near Wednesday’s low given oil has trimmed gains. Off lows, but still down 0.67% Pair has recovered slightly from the low of 1...

AUD/USD Now Targets 0.7600 In view of the research team at UOB Group, the next hurdle for the Aussie dollar remains at 0.7600 in the short-term. Key Quotes “The high of 0.7528 held just below the 0.7535 objective”...

Dramatic Journey of Euro in the Aftermath of ECB Piotr Matys, EM FX Strategist at Rabobank, notes that the ECB revealed a comprehensive package of easing measures to boost inflation and economic activity in the Eurozone. Key Quotes “Key measures include a 10bp cut in the deposit rate to -0...

Intraday Technical Levels and Trading Recommendations for NZD/USD for March 11, 2016 On January 28, the depicted support at 0.6400 acted as a prominent key level offering a valid buy entry. A bullish breakout above 0.6550 was executed a few weeks ago. Bullish persistence above 0...

EUR/GBP Slumps to 0.7750 on GBP-Buying The selling pressure around the single currency is picking up pace today, now sending EUR/GBP to test fresh lows in the mid-0.7700s. EUR/GBP down from 0.7850 The European cross is losing around a cent since overnight tops in the 0...

EUR/USD Extends the Drop to 1.1080 The selling mood is now gathering further steam around the shared currency, with EUR/USD testing the 1.1085/80 band. EUR/USD focus on 200-day sma? Spot accelerates its recent rejection from the 1...

EUR/USD Losing Altitude, Challenges 1.1100 The common currency is now facing further selling pressure, relegating EUR/USD to trade in the lower bound of the range near 1.1100 the figure. EUR/USD gains limited around 1...

AUD/USD Pops as Traders Ignore Iron Ore Price Slide The AUD/USD pair is sitting above 0.75 handle as markets ignored Iron ore futures in Singapore, which sank back toward $50 a metric ton. Bid above by 5-DMA The spot found bids above 5-DMA at 0.7470...

Intraday Technical Levels and Trading Recommendations for USD/CAD for March 11, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...