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USD/CHF Facing Resistance Near 0.9800 Area During the Asian session on Monday, the USD/CHF pair has been witnessing some minor profit taking move from nearly 0.9800 mark touched on Friday and is currently trading at 0.9765, close to its immediate support near 0.9750 round figure...
Technical Analysis of EUR/USD for April 25, 2016 When the European market opens, some economic news will be released such as Belgian NBB Business Climate, German IFO Business Climate. The US will release economic data too such as New Home Sales...
Technical Analysis of USD/JPY for April 25, 2016 In Asia, Japan will release the SPPI y/y and the US will release some economic data such as New Home Sales. So there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Resistance. 3: 111...
Daily Analysis of major pairs for April 25, 2016 EUR/USD: The bulls tried seriously to push this pair upwards, but following the volatility we witnessed here last week on Thursday, the price came down on Friday...
NZD: Guided by the RBNZ Decision this Week - Westpac Imre Speizer, Research Analyst at Westpac, suggests that the RBNZ OCR Review (Thu) headlines this week. Key Quotes “We expect an on-hold decision (at 2...
Daily Analysis of DAX for April 25, 2016 The DAX is trapped inside a bullish sideways consolidation above the support zone of 120291, but the overall outlook is still there, as the Index's price action is moving in favor of the bulls in the short-term picture...
AUD/JPY Reversing from 86.00 Strong Resistance On Monday, the Japanese currency strengthened against its Australian counter part with the AUD/JPY giving up some of its rapid appreciation on Friday to trade at 85.75 odd level. The pair's sharp recovery from early April lows of 80...
USD/JPY Could Re-test 112.20 – UOB According to the research team at UOB Group, the pair’s upside could initially target the 112.20 area in the near-term. Key Quotes “The break above the key 110...
Daily Analysis of S&P 500 for April 25, 2016 The H1 chart structure on this Index is telling us about a possible bullish advance in order to re-test the April 20th highs...
Daily Analysis of USDX for April 25, 2016 USDX is doing a bullish consolidation and the overall scenario is turning sideways, as the Index is still trapped inside a range below the resistance level of 95.18. However, if USDX does a breakout above it, then we can expect another rally toward the 95...
EUR/JPY Attempts Tepid-Bounce to 125, IFO Eyed The cross in the EUR/JPY is seen reversing a minor portion of Friday’s rally to fresh two-week highs and now drops below 125 handle ahead of the German IFO surveys. EUR/JPY keeps the red ahead of IFO The EUR/JPY pair now drops -0.40% to 124...
Daily Analysis of GBP/USD for April 25, 2016 The Cable is trying to break a key supply zone in the upside trend, as it has been trading above the support level of 1.4318, which served as a strong bottom in a short-term basis...
AUD/USD Bullish Above 0.7597 – Commerzbank In opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair’s bullish stance remains intact above 0.7597. Key Quotes “AUD/USD’s recent rally has taken it close to our .7850 target level (38.2% retracement of move down from 2014), to...
EUR/GBP Trims Losses, Fails Ahead of 0.7800 After bottoming out near 0.7750 in early trade, the subsequent better tone in euro has helped EUR/GBP to erode the pullback and recover the 0.7780 area. EUR/GBP attention to IFO The sharp decline from cycle highs near 0...
GBP/CAD Reclaims 1.8300 Mark The GBP/CAD pair has been steadily recovering from its lowest level since Jan. 2015 and has now moved back above 1.8300 round figure mark. After registering declines for five consecutive weeks, the pair last week witnessed some minor recovery...
Gold Rebounds in Asia Amid Negative Equities Gold is seen catching a fresh bid-wave as we progress towards the early European trades, with the bulls benefiting from poor sentiment amid lower stocks and oil prices. Gold picks up strength ahead of Fed decision Currently, gold advances 0...
AUD/USD: Expect a Sizeable Decline in H2 2016 - Westpac Sean Callow, Research Analyst at Westpac, continues to expect a sizeable decline in AUD/USD in H2 2016 but it is hard to make the case for a reversal short term...
NZD/USD Holding Steady Near 0.6850 but Seems Vulnerable to Further Downside Following a 3-day of continuous sharp declines and breaking below its immediate support near 0.6880 level, the NZD/USD pair bounced a bit to 0.6867 before cooling-off back to 0...
GBP/USD Hits Fresh 6-Week Highs at 1.4470, Then Retreats The GBP/USD pair kicked-off the week on a stronger footing and went on to hit fresh six-month highs at 1.4470 in early Asia, before finding fresh offers at higher levels and now heads closer towards 1.44 handle. GBP/USD back near 1...
