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GBP: Brexit Risk Continues to Cloud Outlook for BoE Policy - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the main event for the pound this week will be the latest update from the BoE tomorrow on their outlook for monetary policy...
Nothing Has Changed to Expect Changes in BOE Monetary Policy - Hedge Weaker Sterling Again In UK, the central bank maintained an unchanged interest rate at 0.50% in previous monetary policy, all MPC members unanimously voted for this decision...
European Bonds Marginally Up on Weak Risk Sentiments The European bonds were trading marginally higher on Wednesday as investors pour into safe-haven assets amid losses in riskier assets including stocks and oil...
FxWirePro: DAX Faces Resistance at 21 Day MA, Good to Sell on Rallies Major resistance- 10125 (21 day MA) Major support – 9950 (55 day EMA) DAX has made a high of 10110 yesterday and declined till 9970 at the time of writing. It is currently trading around 9985...
Goldman Sachs: US Dollar Slump is Over In an interview with Bloomberg Radio, Goldman Sachs’s New York-based chief currency strategist, Robin Brooks, noted the US dollar downtrend is over. Key Quotes: We remain dollar bullish and think the trajectory is higher from here...
European Stocks Drop Amid a Calm Session The stocks on the European bourses snapped previous rally and turned back into the red zone, closely tracking the oil price action and risk sentiment prevalent in the markets...
#Gold continues to trade within borders of the rising price channel and we see the signs of rebound. It is recommended to buy at current levels in order to achieve the opposite boundary of the channel. Find out more by checking out the Source Link...
When #USDJPY has reached the 61.8% Fibo retracement level, investors started to fix #profit on the short-term long positions. We have signs of the upward trend, according to which we are going to work. Find out more by checking out the Source Link...
EUR/USD Remains Capped Below 1.1400, Awaits Fresh Impetus The EUR/USD pair continues to trade around a flat-line amid poor risk environment, awaiting from the Euro zone industrial figure due tomorrow. EUR/USD trades below daily R1 at 1.1401 Currently, EUR/USD trades 0.12% higher at 1...
Daily Analysis of USDX for May 11, 2016 USDX is still trading in a bullish tone on H1 chart and a rally is expected to test the resistance zone of 94.56. The overall structure remains pointing to the upside as long as the Index breaks the strong resistance around the 94...
During the early Asian session, the RBNZ released their biannual Financial Stability Report. In it, the Bank expressed continued concerns over Auckland’s rising housing market and also low dairy prices...
Daily Analysis of GBP/USD for May 11, 2016 The pair found a temporal support around the 1.4430 level, but still we can see that a bearish tone is placed below the 200 SMA. However, a breakout above the resistance zone of 1.4549 will push the cable higher to test the 1.4635 level...
FxWirePro: EUR/SEK Fails to Sustain Above Key Resistance at 9.2916, Intraday Bias Remains Bearish EUR/SEK is currently trading around 9.2877 levels. It made intraday high at 9.2895 and low at 9.2654 levels. Intraday bias remains bearish for the moment. A daily close below 9...
FxWirePro: BTC/USD Struggles to Break Above $470, Good to Buy at Dips Major resistance -$470 (Apr 26th 2016) BTC/USD has once declined till $447 after making a high of $464.79.It is currently trading around $453...
AUD/USD Drops to Session Lows, Stuck Around 0.7330 Confluence Region The AUD/USD pair reversed from its early Asian session spike to 0.7390 and has now dropped to a fresh session low of 0.7335...
GBP/USD Drops Further on UK Data, 1.4400 Eyed The GBP/USD pair ran through fresh offers following the release of below estimates UK industrial production data, which weighed heavily on the British pound. GBP/USD slips below 5-DMA at 1.4427 The GBP/USD pair trades -0...
FxWirePro: GBP/CAD Buying Momentum Shrinks Away As Back to Back Bearish Candles Pop up - Major Bear Trend Seems Intact Back to back bearish candles such as Gravestone, Long legged doji & Shooting star occurred at 1.8608, 1.8670 and 1.8639 levels respectively...
GBP/NZD Forms Shooting Star in Daily Chart, Targets 2.0800 Candlestick pattern formed- Shooting Star Potential reversal Zone (PRZ) -2.1485 GBP/NZD recovered from the low of 2.1147 at the time of writing. It is currently trading around 2.1246. Short term trend is still weak as long as resistance 2...
EUR/JPY Down but Not Out, 124.00 Still in Sight The EUR/JPY pair's reversal from two week-high gained momentum and has now dragged the pair to the mid-point of 124.00-123.00 handle...
