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Hawkish Fed Sends Stocks Lower The FTSE 100 is trading sharply lower this morning after last night’s FOMC minutes showed a notable hawkish shift amongst the voting members, bringing the possibility of a US rate hike in June back to the table...
GBPUSD Strong Upside Intact Fears of Brexit have diminished at least for the time being as latest polls suggest that pro EU option leads by 10 % (55 % vs 45...
EUR/USD Now Eyes 1.1140/45 – UOB The research team at UOB Group expects EUR/USD to grind lower to the 1.1140 area. Key Quotes “The 1.1215 target that first highlighted earlier this week was exceeded with a low of 1.1200/05”...
GBP/USD Off Highs, Back Near 1.4640 After climbing as high as the vicinity of 1.4660 in early trade, GBP/USD has now surrendered some gains and is now hovering over the 1.4630/40 band...
European Bonds Slide on FED Rate Hike Outlook The European bonds slumped Thursday as investors cooled on safe-haven assets after FOMC April meeting minutes from the U.S. Federal Reserve’s strengthened bets of an interest rate hike in June...
GBP/USD Forecast: Bullish on Self-Strength The Pound keeps rallying this Thursday, underpinned by surprisingly better-than-expected retail sales data. According to official readings, Retail Sales surged by 1.3% last April, against expectations of a 0.5% advance. Yearly basis, it surged to 4...
Triangle identified at 18-May-20:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 124.2 within the next 3 days. Supporting Indicators : Upward sloping Moving Average Resistance Levels : ( B ) 124.2Last resistance turning point of...
EUR/USD Forecast: 1.1120 Now Possible The EUR/USD pair extended its decline down to 1.1203 this Thursday, surpassing April´s low of 1.1215, and trading barely above this levels in the European morning...
European Stocks Dive on Hawkish Fed Minutes, Oil Sell-Off The European stock markets extend their downward spiral for the second straight session this Thursday, as risk-off market profile persists amid extended sell-off in the oil prices and surprisingly hawkish minutes of the FOMC April meeting...
AUD/USD Remains Vulnerable – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie dollar could accelerate the downside to 0.6828. Key Quotes “AUD/USD has eroded the 200 day ma at .7260, this is negative. The intraday Elliott wave are more negative”...
The support line of the medium-term trend was finally broken with #EURUSD, causing the downward movement acceleration. Fed meeting minutes played an important role in sellers' success. Find out more by checking out the Source Link...
EUR/GBP Drops to 0.7650 After Solid UK Retail Sales Growth The EUR/GBP pair faded its tepid bounce to 0.7700 during Asian session and built on to the Wednesday's sharp slide after the UK retail sales recorded a solid rebound in the month of April...
FxWirePro: DAX Faces Strong Resistance 1000, Good to Sell on Rallies Major resistance- 9975 (55 day EMA) Major support -9750 DAX has made a high of 9963 and started to decline from that level. It is currently trading around 9845. Short term trend is weak as long as resistance 9975 holds...
#USDCAD quotes have left the boundaries of the "triangle" to the north, and bulls finally took control of the situation. We should note fundamental factors, which worked towards it. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers...
GBP/USD Near 1.4650 Post-UK Data The Sterling has regained the 1.4600 handle and above vs. the greenback today, now pushing GBP/USD to the vicinity of 1.4650. GBP/USD higher on data After a brief test of session lows near 1...
Daily Forex Fundamental Overview Fundamental Analysis EUR “It will clearly be a very long, hard slog to get eurozone consumer-price inflation back up to the ECB’s target rate” - IHS Global Insight...
GBP: Currency Index & Volatility Relative Currency Strength Although the Pound Sterling Index was moving below the base line over the vast part of the period ended May 17, by the last day of it this currency managed to regain quite enough strength to close with an increase of 0.38...
German Bunds Slump on FED Rate Hike Expectations, Focus on Crude Oil The German long-term bunds slumped on Thursday as investors cooled on safe-haven assets after FOMC April meeting minutes from the U.S. Federal Reserve’s strengthened bets of an interest rate hike in June...
FxWirePro: EUR/SEK Fails to Sustain Below 9.35, Downside Limited EUR/SEK is currently trading around 9.3690 levels. It made intraday high at 9.3714 and low at 9.3530 levels. Intraday bias remains bearish for the moment. A sustained break above 9.37 tests key resistances at 9.3967, 9.4102, 9...
