USD/CAD Keeps Highs Near 1.2940 The better tone in the greenback has pushed USD/CAD to the upper band of the range near 1.2940...
AUD/USD Drops Back Below 0.7300, Erasing Tuesday’s Gains The AUD/USD pair erased all of its Tuesday’s gains on the back of not so dovish RBA meeting minutes and dropped back below 0.7300 handle as investors now look forward to minutes from April’s FOMC policy meeting...
EUR/GBP Closer to 0.7800 ahead of UK Data The risk-off sentiment has been prevailing throughout the Asian session today. Sending EUR/GBP to the area of daily lows near 0.7800 the figure...
Stronger GDP to Have Positive Implications for USD/JPY - Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that the USD/JPY likely to vacillate near the current level in the near term, though expecting bias toward downward risk over the next few months...
EUR/JPY Finds Support Near 123 Handle, EZ Data Eyed The EUR/JPY cross keeps losses in early Europe, although stages a minor-bounce from near 123 handle as the yen’s relative weakness aids the recovery. EUR/JPY bounces-off a dip below 123 handle The EUR/JPY pair now drops -0.23% to 123...
Hello Friends, Let’s see today’s trading idea: ( You can open position instantly or can place pending): 1. EURUSD : Sell EurUsd Last day Idea running (Sell) 2. EURAUD : EurAud sell 1.5495 sl 1.5560 tp 1.5370 3. Gold : Gold buy 1274 sl 1265 tp 1286...
USDCHF: Targets Further Bullishness On Bull Pressure USDCHF: Having the pair strengthened further on Tuesday, further move higher is expected in the days ahead. On the downside, support lies at the 0.9750 level. A turn below here will open the door for more weakness towards the 0...
Oil Prices More Sustainable, Metals Price Increase Limited - Nomura Research Team at Nomura, notes that the commodity prices declined sharply since their peak in mid-June 2014 but, since the beginning of 2016, have recovered almost 30%, based on the GSCI index...
EUR/USD Hits Fresh 3-Week Lows Near 1.1280, EZ CPI in Focus The EUR/USD pair is gradually extending its downbeat momentum seen earlier in the Asian session, and now tests session lows as risk-off returns to markets amid broad based US dollar strength. EUR/USD eyeing a test of 100-DMA at 1...
UK Inflation Forecast: May 2016 - RBS Ross Walker, Senior UK Economist at RBS, suggests that the UK headline CPI is forecasted to remain at 0.3% in May, reflecting a stable Core CPI rate and a neutral food & energy contribution with modest upside risks...
GBP/USD Testing 1HR 200-SMA to the Downside, UK Jobs Eyed The GBP/USD pair extended its retreat from above 1.45 handle and now inches lower towards 1.4300 levels as a broadly higher greenback weighs on the major amid mixed Asian session. GBP/USD flirting with key support near 1...
USD/CAD Climbs Further to Test 1.2950 on Stronger USD Broad based US dollar rebound remains the underlying key theme in the Asian trades this Wednesday, pushing USD/CAD further into the positive territory towards the mid-point of 1.29 handle. USD/CAD supported at NY close just ahead of 1...
FxWirePro: USD/JPY Rebounds from Session Lows at 108.72, Retakes the 109 Handle USD/JPY rebounds from session lows in response to better-than-expected Japanese GDP data for the first quarter of 2016. Data released earlier today showed that Japan's preliminary real Q1 2016 GDP came at 0...
FxWirePro: ASX200 Faces Strong Resistance at 5400, Good to Buy at Dips Major resistance - 5400 Major Support - 5325 (10 day EMA) ASX200 has broken major resistance 5380 and jumped till 5401. It is currently trading at 5385. Short term trend is slightly bullish as long as support 5325 holds...
FxWirePro: Nikkei225 Faces Minor Support at 16450, Good to Buy at Dips Major resistance - 16985 (11 May High) Major support - 16470 (10 day EMA) Nikkei index has slightly retreated after making a high of 16790. It is currently trading around 16759...
FxWirePro: USD/KRW Hovers Around Key Resistance at 1180, a Break Above Targets 1193 USD/KRW is currently trading around 1179 levels. It made intraday high at 1177 and low at 1180 levels. Intraday bias remains neutral till the time pair holds key resistance at 1180 marks...
FxWirePro: Japanese Yen Gains in Early Asia on the Back of Higher Than Expected GDP Data USD/JPY is currently trading around 108.88 marks. It made intraday high at 109.23 and low at 108.72 levels. Japanese economy grew 0.4% in the March quarter vs. contraction of 0...
USD/JPY: Buyers in Control Above 109, Tuesday’s High Eyed? The bullish pressure behind the USD/JPY pair accentuated over the last hours as a renewed bout of risk-on wave gripped the markets, sending Japanese stocks sharply higher...
EURUSD Daily Forecast: May 18 2016 EURUSD Forecast The EURUSD had another indecisive movement yesterday. The bias remains bearish in nearest term testing 1.1200 region. Immediate resistance remains around 1.1350...
