AUD/USD: Bulls Rescued by Upbeat China Imports, Regains 0.7450 The AUD/USD pair caught a fresh bid tone and trimmed losses to retest five-week highs, following the release of positive Chinese imports and exports data. AUD/USD rises above 50-DMA at 0...
China Trade Surplus for May Narrower-Than-Expected China trade balance (USD) for the month of May came in at 49,98B vs 55.70B expected and 45.56B last, with exports (YoY) (in USD terms) stood at -4.1% vs -4% epected and -1.80% last, while imports (YoY) were -0.4% vs. -6.80% exp and -10.90% last...
GOLD: The commodity continues to face upside pressure though closing marginally higher on Tuesday. It was seen heading higher during early trading on Wednesday. On the downside, support comes in at the 1,230.00 level where a break will turn attention to the 1,220.00 level...
EUR/USD: Lack of upside follow through and the subsequent “spinning top” candle has prompted us to pare our short-term bullish view. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
Trading recommendations Sell Stop 0.7360. Stop-Loss 0.7410. Take-Profit 0.7300, 0.7260, 0.7200, 0.7140, 0.7100, 0.7000 Buy “in the market”. Stop-Loss 0.7390. Take-Profit 0.7500, 0.7545, 0.7600, 0.7720, 0...
USDJPY: With USDJPY halting its weakness to close higher on Monday and seen following through during Tuesday trading session, price extension is envisaged. On the downside, support comes in at the 107.00 level where a break if seen will aim at the 106.50 level...
USDJPY: Puts In Temporary Bottom, Eyes More Recovery USDJPY: With USDJPY halting its weakness to close higher on Monday and seen following through during Tuesday trading session, price extension is envisaged. On the downside, support comes in at the 107...
UK: Sterling's Surprising Strength - BBH Research Team at BBH, suggests that a major development today is sterling's strength as the Sterling inexplicably shot up almost two cents in a matter of minutes in Asia (~$1.4475 to $1.4660). Key Quotes “It quickly came off amid talk of a trading error...
AUD/USD Extends Its Bullish Momentum to 0.7450 Bulls maintained their firm grip on the AUD/USD pair, boosting the pair further to a fresh session high level of 0.7450...
EUR/USD Stuck Within Range, Near 1.1370 The shared currency keeps its daily gains vs. the dollar, with EUR/USD advancing moderately around 1.1370...
USD/CAD Inter-Market: Finds Support from Yield Spread Tilting in Favour of USD Ever since the US NFP data release, the USD/CAD pair has eroded almost 350-pips and now mires near five-week troughs, looking to test the key psychological support at 1.2700 levels. From a drop from above 1...
EUR/GBP Recovers From ‘Brexit’ Poll Led Fall, Still Below 0.7800 After an initial downward spike to 0.7751 during Asian session, attempted recovery to 0.7835 faded and the EUR/GBP pair has now moved back below 0.7800 handle...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, June 7th AUD/USD is extending its rapid growth for the second day this Tuesday. The pair tested five-week high at 0.7431 on the back of RBA’s decision to leave rate unchanged at 1...
GBP/USD Forecast: Short Term Bullish The GBP/USD pair filled the weekly opening gap, in a strange early move, as the pair jumped roughly 200 pips mid Asian session, soaring up to 1.4657 and retreating afterwards to the 1.4500 region, only to resume its advance with the European opening...
FTSE On Course for Another Green Day The FTSE 100 is trading in positive territory once more this morning, with the index moving to its highest level in over a month and looking on track to post another day of gains...
US Dollar Depressed Below 94.00 The greenback, when tracked by the US Dollar Index, remains on a bearish bias today, currently extending the break below the key 94.00 support...
EUR/USD Forecast: Yellen's Vague Comments Weigh on the USD The EUR/USD pair trades near its recent highs, but still below the 1.1400 level, despite broad dollar's weakness...
USD/CAD Faces Double Whammy, Hits Fresh 5-Week Lows The USD/CAD pair came under aggressive selling pressure post-European open, now hovering within a striking distance of multi-week lows. USD/CAD trades below all major DMAs Currently, the USD/CAD pair trades -0.35% at 1...
USD/JPY Points South Near 106.00 – UOB A test of the 106.00 neighbourhood in USD/JPY still remains on the cards, according to the research team at UOB Group. Key Quotes “Expectation for further USD weakness was wrong as we witnessed a strong rebound in overnight trading (high of 107.65...
