All Blogs
This week, the greatest attention of the market will be attracted with the U.S. #NonfarmPayrolls, as well as with #Fed members' speeches. Strong statistics and optimistic comments will strengthen expectations regarding the rate hike. Find out more by checking out the Source Link...
NZD/USD Struggles to Extend Above 0.70, Lower Oil Weighs Having peaked at 0.7020 in early Asia, the NZD/USD pair drifted lower as we head into early Europe, and now struggles to rise back above 0.70 barrier. NZD/USD: making higher tops on daily charts Currently, the NZD/USD pair trades 0...
NZD/USD Will Decline Throughout the Year - Westpac Imre Speizer, Senior Market Strategist at Westpac, notes that the NZD/USD was rescued from a breakdown by the RBNZ’s hawkish surprise last Thursday...
USD/CAD Keeps 1.2500… for Now There is no respite for the greenback so far, with USD/CAD posting marginal losses albeit managing to trade above the 1.2500 handle early in Europe. USD/CAD attention to US data, oil Spot has bounced off recent multi-month lows just below the 1...
EUR/GBP Seems Set to Extend Last Week Gains The EUR/GBP pair surged past 0.7800 handle on Friday and adding some more weight to 0.7855 on Monday has retraced a bit to dip below 0.7850 level. The pair has been witnessing corrective move from April highs and now seems to found strong support near 0...
Daily Analysis of USDX for May 02, 2016 We could be in front of a possible double bottom pattern on the H1 chart, where the USDX is finding strong support around the 93.72 level...
EUR/JPY Halts 2-Day Sell-off, Regains 122 Handle The EUR/JPY battering seen last week appears to stall this Monday, with the JPY bulls having taken a backseat ahead of the key US NFP release. EUR/JPY moves-off 3-year low The EUR/JPY pair now gains 0.12% to 122...
Daily Analysis of GBP/USD for May 02, 2016 GBP/USD has been dealing with the strong resistance around the 1.4633 level, in which a breakout could produce another rally to reach new lows, possibly toward the 1.4722 level, which is a key level for sellers, who are highly active...
EURUSD: Looks To Strengthen Further With Caution EURUSD: With EURUSD closing higher the past week, further recovery is envisaged. However, it faces its key over head resistance located at 1.1464 level. Support lies at the 1.1400 level. Further down, support comes in at the 1...
EUR/USD Advances Further, Closer to 1.15 The single currency is extending its upside momentum at the beginning of the week, taking EUR/USD to the 1.1480 area. EUR/USD focus on Draghi, PMIs After hitting fresh 2016 highs just above 1...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risks associated. Data released so far – Australia – TD securities inflation grew 1.5% y/y in April, slower than 1.7% registered in March...
GBP/USD Supported at 1.4600 Amid Holiday-Thinned Trades The GBP/USD pair found renewed bids just ahead of 1.46 handle and now takes on the recovery towards daily highs amid a lack of fresh fundamental drivers as the UK markets remain closed today in observance of May Day...
AUD: NAB Business Survey Point to a Very Favourable Business Environment - NAB Research Team at NAB, notes that the NAB Business Survey continues to point to a very favourable business environment for Australian firms, despite giving up some of the strong gains witnessed in last month’s survey...
FxWirePro: USD/INR Breaks Key Support at 66.32, Good to Sell on Rallies USD/INR is currently trading at 66.32 marks. It made intraday high at 66.41 and low at 66.32 levels. Intraday bias remains bearish for the moment. A daily close below 66.32 will take the parity down around key supports at 66...
FxWirePro: USD/JPY Recovers Slightly from Fresh 18-Month Lows at 106.13, Good to Sell Rallies JPY bulls took a breather from their recent upsurge, USD/JPY is attempting a slight recovery from fresh 18-month lows at 106.13...
CAD: Canadian Dollar Flying High – BBH Research Team at BBH, suggests that the rising oil prices, a stand pat Fed with diminished chances of a Canadian rate cut, and a Bank of Canada that has not objected to the strength of the Canadian dollar has seen the Loonie's gains extended...
Leveraged Funds Increased AUD Net Longs - Westpac Research Team at Westpac, notes that the CFTC’s Commitment of Traders report showed that speculators were very much positioned the wrong way on the eve of Australia’s stunning inflation data...
Easing of Brexit Fears Helping in Sterling’s Surge - BBH Research Team at BBH, suggests that the broad dollar weakness and some apparently easing of Brexit fears helped lift sterling to two-month highs near $1.4665...
Gold: Remains On The Offensive Short Term GOLD: The commodity continues to face price offensive leaving risk higher in the days ahead. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level...
