FxWirePro: Silver Hits Fresh 3-Week High at $17.20, Stay Bullish XAG/USD is currently trading around $17.17 marks. It made intraday high at $17.20 and low at $16.98 levels. Intraday bias remains bullish till the time pair holds key support at $16.98 marks. A daily close below $16...
FxWirePro: Gold Trades Higher on Weak Dollar, Good to Buy at Dips Major Support - $1242 (21 day EMA) Gold has broken major resistance $1256 (trend line joining $1303 and $1288) and jumped till $1266 at the time of writing. It is currently trading around $1261.8...
USD/SEK 4 Hour RSI Allowing a Rally USD/SEK could find itself on the verge of a near term move to the upside. A potential bullish swing failure in the RSI(14) during the last couple days tilted the risk to the upside for the this currency pair...
EUR/GBP Back to Test 0.7850 Ahead of Draghi? Fresh bids in the cable coupled with a retreat in the EUR/USD pair, dragged the EUR/GBP cross from 0.7870 region to revisit daily lows struck at 0.7851 in early Asia. EUR/GBP hovers around 5-DMA Currently, the EUR/GBP pair trades almost unchanged at 0...
USD/CHF Suppressed Below 0.9600 at Fresh 5-Week Low The US Dollar continues to face selling pressure while the Swiss Franc is supported by safe-have flows on uncertainty surrounding the UK-EU referendum, with the USD/CHF pair now trading below 0.9600 handle...
FxWirePro: AUD/USD Unable to Hold Above 0.75 Handle, Breaks Support at 0.7472, Good to Sell Rallies AUD/USD rejected at session highs by 0.7504, edges lower after poor Chinese CPI and PPI numbers dents Aussie bulls. China CPI data for May came in at +2.0% y/y versus +2.2% expected and against +2...
FxWirePro: USD/INR Opens Higher at 66.53, Intraday Bias Remains Bullish USD/INR is currently trading around 66.63. It made intraday high at 66.63 and low at 66.53 marks. Intraday bias remains bullish till the time pair holds key support at 66.48 marks. A sustained break below 66...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and all with low to medium volatility risks associated. Data released so far – China – CPI declined -0.5% in May, up 2% from a year back. PPI is down -2.8% from a year ago. Upcoming –...
Tumble in EUR/SEK Volatility EUR/SEK ATR(14) is at minimums across several time frames, from 30min to daily charts. Volatility shrunk to levels not seen in several weeks of trading independently from trend direction...
USD/CAD Remains Weak Below 1.2700 Handle Rising oil prices and deteriorating expectations of a Fed rate-hike continues to boost the Canadian Dollar, with the USD/CAD pair trading close to a 5-week low level of 1.2655 touched on Wednesday...
AUD/NZD Hammered on RBNZ’s Status-Quo, Lowest Since May 2015 The AUD/NZD battering extends into the early European trading, with the New Zealand dollar smashing its OZ counterpart in response to rates on-hold RBNZ policy decision announced earlier on the day...
The EURAUD’s Corrective Triangle Entering Final Leg The EURAUD has been making some rather large movements as of late and it could be about to complete a pattern which began in September last year...
EURGBP Sets Up To Build On Recovery EURGBP- Having reversed most of its one-day corrective losses to close higher on Wednesday, further move higher is envisaged. Resistance resides at the 0.7900 level where a violation if seen will turn risk towards the 0.7950 level. On further upside, the 0...
GBP/USD Struggles to Hold 1.45 Handle, Awaits UK Trade Data Having surrendered 1.45 handle in early Asia, the GBP/USD pair continues to trade around a flat-line near the last, unable to find a clear direction amid widespread risk-aversion...
USD/JPY Bounces-Off 106.50 as Nikkei Recovers Losses The USD/JPY pair moved-off lows, although remains heavily offered as the extended slide in the Nikkei continues to boost the demand for the yen. USD/JPY reverts to 107...
NZD/USD Extends RBNZ-Led Rally, Hits Fresh 1-Year High Near 0.7150 The NZD/USD pair found fresh bids near 0.7120 region and regained poise, now trading within a striking distance of yearly highs, as markets absorb the latest RBNZ OCR decision as well as Wheeler’s comments. NZD/USD eyes on 0...
AUD/JPY Fails to Resist Above 80 Yet Again, Risk-Off Weighs A renewed risk-aversion wave gripped the markets this Thursday, knocking-off AUD/JPY sharply lower from above 80 mark on increased bids for the safe-haven yen. AUD/JPY making lower tops on daily charts The AUD/JPY pair now drops -0...
Gold Retreats in Asia, but Stays Above $ 1260 Gold is seen correcting slightly lower towards 1260 levels, after having reached fresh three-week highs just before NY close as summer Fed rate hike expectations recede. Gold: 1260 mark tested Currently, gold now trades -0.20% lower at 1262...
FxWirePro: USD/SGD Hits Fresh Monthly Low at 1.3449, Good to Sell on Rallies USD/SGD is currently trading around 1.3475 marks. It made intraday high at 1.3496 and low at 1.3449 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3537 levels. A daily close below 1...
