GBP/CAD: Bearish Bias Between 1.78/85 - Scotiabank Analysts at Scotiabank noted that GBP/CAD has consolidated over the past two weeks and the sideways movement in the cross has clearly undermined the broader trend move lower in the pound. Key Quotes: "We see strong resistance overhead at 1...
GBP/USD: Rallies on USD Weakness - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair advanced up to 1.4695, its highest in four months, and holds nearby at the end of the day, with no certain catalyst behind the mode beyond dollar's own weakness...
EUR/JPY: Off Key April Lows 121.70 - Commerzbank Axel Rudolph, analyst at Commerzbank explained that EUR/JPY retested its April low at 121.71 by dropping to 121.75 last week before stabilizing...
GBP/JPY: Modest Rebound After 700-Pip Decline The pound is up against the yen after falling more than 700 pips in the previous three trading days. GBP/JPY managed to erase losses on Monday and it is up for the first day after hitting earlier a 2-week low...
USD/CAD: Fade on Major Gains in USD - Scotiabank Analysts at Scotiabank explained that USD/CAD’s test of 1.25 on Friday is marked on the daily chart by a minor “doji” candle—ordinarily a warning that a move is prone to a correction...
USD/CAD Manages to Hold Above 1.2500 USD/CAD regained most of the lost ground as oil prices turned lower during the American session, pressuring the Canadian dollar. USD/CAD made a bearish attempt but it was contained by the 1.2510 area and bounced toward 1...
EUR/GBP Downside Playing Out on Brexit Remain Camp EUR/GBP has seen a recent bearish trend take fold as the clock is ticking at the start of a new month and we head ever closer to the EU referendum and the possibility of a Brexit is actually looking a little lower, fuelling a bid in the pound whi...
The Investor is an Endangered Species: Exit EU Edition There are plenty of reasons for investors to be cautious again...
AUD/USD Extends Gains Above 0.7650 The Australian dollar is among the top performers on Monday, in a quiet session for the forex market. AUD/USD rose further during the American session and peaked at 0.7664, just five pips below Friday’s highs...
FxWirePro: AUD/USD Bounces Off Lows, But more Downside Expected AUD/USD rebounded strongly on Monday as weak US factory data weighted on green back and strengthened Australian dollar Currently the pair is making an attempt to test resistance level at 0.7662...
GBP/USD Remains Capped by 1.4700 GBP/USD entered a consolidation phase over the last hours and continues to trade just below the 1.47 mark, in the absence of catalysts to trigger moves in the FX space. GBP/USD peaked at 1.4695 earlier on the day but lacked momentum to overcome the 1...
We expect the RBA will be forced to pull the trigger and ease rates at the meeting on 3 May with both headline and ‘core’ inflation falling well below the target band...
EUR/USD Regains 1.1500, Hovers Near 8-Month Highs EUR/USD managed to regain the 1.1500 level and consolidates gains near recent highs as the greenback continues to underperform across the board. EUR/USD climbed to a peak of 1...
NZD/USD Approaches April Highs NZD/USD hit the highest level in almost two weeks at 0.7023, but so far it has been unable to consolidate on top of 0.7000. The pair still holds a bullish tone amid a weak US dollar across the board. Currently, it trades at 0.7010, up 0.45% for the day so far...
USD/CHF Hits Fresh 2-Week Lows The Swiss franc is rising against the US dollar for the sixth day in a row and today it reached the highest level since April 12. USD/CHF broke below 0.9565 and bottomed at 0.9539, after the release of lower-than-expected US economic data...
EUR/JPY Extends Recovery and Rises Toward 123.00 The euro is rising against the yen, attempting to move off a key support area located around 121.60/70, that capped the decline twice in April. EUR/JPY is up today after falling more than 400 pips during the previous two trading days...
US Dollar Off Lows, Back to 92.80 After a brief knee-jerk to 92.60, the US Dollar Index seems to have found some buyers and has now returned to the 92.80/85 band...
EUR/USD Peaks Above 1.1500 and Retreats EUR/USD retreated from fresh 8-month highs and it is hovering around the 1.1500 level despite data showed US manufacturing sector expanded less than expected in April. EUR/USD peaked at 1...
USD/JPY Sidelined Around 106.60 Post ISM USD/JPY is posting decent gains on Monday, with the Japanese currency giving away part of the recent strong advance...
