Although the GBP depreciated this week, it continues to trade within the last few weeks trading range. While a constructive growth outlook is keeping inflation and rate expectations supported, intact Brexit fears are keeping fresh buying interest low...

GBP/USD Remains at the Mercy of GBP/JPY Cross Yen remains at the center stage of the FX markets; guiding other majors like GBP/USD via action in the GBP/JPY cross. Cable backs off from daily highs The spot now trades around 1.4220 after having clocked a high of 1.4227 levels...

EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. We have held a neutral view for more than 2 weeks and there are no signs that the current consolidation phase is about to end soon. In other words, we continue to expect this pair to trade between 1.1330 and 1.1495 for now...

Earnings Season Start, Fed Comments in Focus for Currency Markets Talking Points: Aussie and NZ Dollars, Yen oscillate with stock prices in Asian trade Fed-speak may set the stage for US Dollar recovery later in the week Corporate earnings reporting season may spill over into FX markets...

UK Economy Slowing? - Investec Research Team at Investec, notes that on Friday data for the UK manufacturing sector printed a poor result for February, with month-on-month growth of -1.1% (consensus -0.2%, Investec +0.2...

USD/CHF Climbs to 0.9570, Session Highs A mild bias towards the risk-on sentiment is now pushing USD/CHF to test the area of daily peaks near 0.9570. USD/CHF focus on Fed meeting After bottoming out in fresh YTD lows in the 0...

Special Focus: Fed's Emergency Meeting Today Watch out for FED’s emergency meeting tonight, which was suddenly and unexpected called to last week and will take place today in Washington at 11:30 am local time or 3:30 pm GMT. FOMC officials are likely to discuss on FED’s discount rates...

FXWIREPRO: AUD/USD Whipsaws on DMA's, Leading Oscillators Noise With Overbought Pressures and Selling Momentum AUD/USD is struggling to break resistance at 0...

FXWIREPRO: Reasons for Safeguarding Aussie Export Payables, a Glimpse on the AUD/USD Hedging Drivers Over the longer-term, we expect AU growth to remain subpar and AUD to drift lower. But, there have been a few key things to watch out in H2 of 2016...

FXWIREPRO: South African Rand Gains 1 Percent Against US Dollar, Good to Sell on Rallies Pair is currently trading at 14.81 marks. It made intraday high at 14.98 and low at 14.75 levels. Intraday bias remains bearish till the time pair holds key resistance level at 15.05 levels...

JPY Could Appreciate Further – Danske Bank Chief Analyst at Danske Bank Arne Rasmussen has assessed the prospects of further strengthening by the Japanese currency. Key Quotes “The hottest topic in global FX markets is the relentless strength of the JPY...

GBP/USD Downside Risks Gather Pace – UOB The research team at UOB Group expects the sterling to come under renewed downside pressure. Key Quotes “The downside risk is still intact but GBP has to break clearly below the major 1.4000 support before further sustained weakness can be expected”...

USD/JPY Rises Above 108.00 Yen bulls finally loosened their grip allowing for a technical correction that saw the USD/JPY pair rise above 108.00 levels. Nears hourly 50-MA The spot jumped to near hourly 50-MA level of 108.32 levels before trimming gains slightly to trade around 108.12 levels...

EUR/GBP Faces Resistance at 0.8162/0.8200 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the European cross faces strong resistance in the 0.8162/0.8200 band...

EUR/USD Drops to Lows Near 1.1380 The single currency has now come under renewed selling pressure, dragging EUR/USD to the area of session lows near 1.1380. EUR/USD weaker ahead of Fed Spot has given away recent gains and returned to sub-1...

GBP/USD Jumps to Highs Near 1.4220 The sterling met some upside pressure following a positive start of European equities on Monday, with GBP/USD testing highs above the 1.4200 handle...

FXWIREPRO: FTSE100 Faces Strong Resistance at 6225, Good to Sell on Rallies Major support -6080 (trend line joining 6006 and 6060) Major resistance – 6225 (200 day MA) The index has once again retreated after making a high of 6217. It is currently trading around 6169...

In a quiet week for domestic economic news, negative global risk sentiment, exemplified by a sharp rally to a series of two-year highs in the Japanese yen through Thursday, supported a solid rally in Treasuries over the past week, leaving yields not far from the February lows even after modest lo...

Technical Analysis of USDX for April 11, 2016 The Dollar index remains in a bearish trend but this trend is soon to end and reverse upwards as there are many divergence signs. Dollar bears should be very cautious as the 94 price level is heavily defended by dollar bulls...

General market sentiment is likely to be the key driver of USD crosses this week, with the focus being IMF's World Economic Outlook (Tuesday) and China’s 1Q GDP (Friday...