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AUDUSD. The pair was seen reversing its Wednesday losses during Thursday trading session today. This development has left AUDUSD targeting further downside pressure. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level...
Three Decade Old Trend Line Threatens Dollar's Advance The bulls planning to push Dollar higher in the wake of higher possibility that U.S. Federal Reserve will hike rates once more this summer and once again by the end of the year, should take a look at the Dollar chart over longer horizon...
GBP/USD Door Open for a Test of 1.4330 – UOB The research team at UOB Group have suggested GBP/USD could re-test the area of 1.4330 in the next 1-3 weeks. Key Quotes “The anticipated GBP weakness exceeded our expectation by taking out the major 1.4400 support (low of 1.4385)”...
EUR/JPY Flirting with 122.00 Handle Just ahead of ECB Decision As Yen continues to surge on global risk aversion, a minor up-tick in the EUR/USD major is doing little to assist the EUR/JPY cross that continues to flirt with 122.00 handle just ahead of the ECB decision...
China: Hard-Landing Fears are Back - ING Tim Condon, Chief Economist at ING, suggests that China’s hard-landing fears are back despite fading CNY devaluation worries. Key Quotes “There was a worrying sign of a further slowdown in export growth in yesterday’s manufacturing PMI data...
EUR/USD Cautious Around 1.1200, ECB Eyed The common currency keeps a tight range above the 1.12 handle vs. the greenback today, althogh gains in EUR/USD appear so far limited around 1.1220. EUR/USD now looks to ADP, ECB The pair keeps gyrating around the 1...
NZD/USD Dips Below 0.6800, Reversal From 50-DMA Gains Momentum Global risk-off sentiment is hurting commodity-linked currencies, including the kiwi, with the NZD/USD pair now dropping back below 0.6800 handle to currently trade near session low...
USD/JPY Inter-Market: Today’s Fresh Selling Independent of the Intrinsics USD/JPY’s rise from 109.50 levels witnessed last Friday extended until Monday’s early European trading, before finding a balance area between 110.90-111.35 zone, where the VX (risk barometer) almost flattened...
FTSE Gains Despite Weak Construction Data The UK blue-chip index is trading in positive territory this morning despite the latest economic release coming in on the soft side. The print of 51.2 for construction PMI in May was below both the 51.9 expected and the previous figure of 52...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, June 2nd USD/JPY rebounded from two-week low witnessed at 108.83 as Nikkei 225 slowed down its falling...
USD/CHF Extends Its Corrective Move Further Below 0.9900 After breaking through 0.9900 handle and a subsequent drop below previous week lows support, the USD/CHF pair extended its near-term corrective move to currently trade at a fresh 2-week low level of 0.9860...
ECB Preview: 10 Major Banks Expectations from June Meet As we head towards the ECB’s June meeting, following are the expectations as forecasted by the economists and researchers of 10 major banks...
USD/JPY Tumbles Through 109.00 - Nothing New from Draghi? Market Drivers June 2, 2016 USD/JPY drops through 109.00 UK PMI Construction 51.2 vs. 52.6 Nikkei -2.32% Dax 0.25...
AUD/USD Tumbles to Lows Near 0.7200 The selling pressure around the Aussie dollar is now gathering further traction, relegating AUD/USD to the lower end of the range near the 0.7200 mark...
FxWirePro: EUR/SEK Back Above 9.29 Mark, a Sustain Break Above Targets 9.3642 EUR/SEK is currently trading around 9.2932 levels. It made intraday high at 9.2927 and low at 9.2635 levels. Intraday bias remains neutral till the time pair holds key resistance at 9.3039 marks. A daily close above 9...
JPY Expected to Depreciate Further in the Medium Term – Danske Bank Jens Sorensen, Chief Analyst at Danske Bank, sees the Japanese currency losing further ground within a year’s time...
USD/CAD Makes Headway Towards 1.3100, Eyes OPEC Meeting The USD/CAD pair rebounded higher from 1.3050 region post-European, with the prices now extending the bid tone as increased nervousness weighs on the Loonie as the OPEC meeting gets underway...
ECB Preview: What to Expect of EUR/USD The European Central Bank will hold its meeting later in the European afternoon. Market consensus expects the central bank to refrain from acting on monetary policy, while it remains in ‘observation mode’ following the recently announced measures...
EUR/GBP Supported at 0.7750 Ahead of ECB The EUR/GBP cross failed another attempt to break through 0.7775 levels and drifted lower, reverting to the familiar range above the mid-point of 0.77 handle, before recovering some ground over the last hour...
