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IEA Chief: Oil Market, Prices to Return to Balance by 2017 International Energy Agency (IEA) chief Fatih Birol was on the wires earlier today, expecting oil markets to rebalance by 2017...
After years of global easing made buying the dollar one of the world’s most popular trades, currency traders are latching on to any glimmer of economic brightness to try to uncover the next big theme. Even hints that central bank stimulus may be no longer required is enough to spark buying...
USDCHF Daily Forecast: April 21 2016 USDCHF Forecast The USDCHF had a bullish momentum yesterday and now struggling around 0.9715 key resistance as you can see on my daily chart below...
Key Events Ahead - Westpac Analysts at Westpac noted the key events coming up. Key Quotes: "Most forecasters see Bank Indonesia keeping rates at 6.75% though there are a few calling for a 25bp cut. The Asian calendar is otherwise quiet. UK Mar retail sales (ex-autos & fuel) is seen at -0...
EUR/USD: Fresh Bids Emerge Near 1.1290, ECB in Focus The shared currency recovers losses and returns to the positive territory versus the American dollar in the mid-Asian trades, with EUR/USD now striving hard extend gains above 1.1300. EUR/USD eyes on 5-DMA at 1...
Gold Catches Fresh Bid in Asia, Re-Takes $ 1250 Gold reversed previous decline and swung back into the bids in the mid-Asian session, despite risk-on trades picking-up pace amid higher Asian equities. Gold regains hourly 200-SMA Currently, gold trades +0.37% at 1250...
FxWirePro: AUD/USD Trades Rangebound in the Asian Session, Momentum Higher The latest NAB confidence gauge showed both a resilient non-mining recovery and an outlook that has continued to improve, although the confidence figures matched estimates...
FxWirePro: Gold Refrains to Fall Below Key Support at $1242, Intraday Bias Remains Bullish XAU/USD is currently trading around $1248 mark. It made intraday high at $1251 and low at $1242 levels. Intraday bias remains bullish till the time pair holds immediate support at $1242 marks...
Reuters Survey: Japan Companies Not in Favour of Further Negative Rates The latest Japanese Corporate Survey conducted by Reuters raises doubts over BOJ’s negative interest rates policy...
Action in the Commodities Sector - ANZ Analysts at ANZ noted that the Energy was stronger overnight and rounded up the action across the commodities sector. Key Quotes: "Crude oil turned around early losses after data showed US output continued to fall...
USD/JPY Bulls Losing Their Edge? USD/JPY was slightly offered in a positive start, following a positive close on Wall Street. USD/JPY has been as high as 109.88 from intraday lows of 108...
FxWirePro: ASX200 Trades Well Above 5200, Good to Buy at Dips Major resistance - 5220 (55 W EMA) ASX200 has broken major resistance 5220 and jumped till 5290 at the time of writing. It is currently trading at 5275. Short term trend is slightly bullish as long as support 5200 holds...
NZD/USD: Lost the Top Spot, Targets 20 DMA at 0.6868 NZD/USD has found some stability below the 0.70 handle after intraday downside play from 0.7053 highs scored yesterday. NZD/USD was oscillating at 0.6980 ahead of Tokyo while the day ahead is absent of data for New Zealand...
FxWirePro: Nikkei Forms Inverse H&s Pattern, Good to Buy at Dips Pattern Formed-Inverse Head and shoulder Major resistance - 17300 The index has broken neckline around 16800 and jumped till 17250 at the time of writing .It is currently trading around 17237...
FxWirePro: USD/SGD Breaks Key Resistance at 1.3423, Good to Buy on Dips USD/SGD is currently trading around 1.3454 marks. It made intraday high at 1.3479 and low at 1.3434 levels. Intraday bias remains bullish till the time pair holds initial support at 1.3423 levels. A daily close below 1...
Pivot Points Daily Last Updated: Apr 21, 3:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11278 1.12256 1.12598 1.13234 1.13576 1.14212 1.1519 USD/JPY 107.246 108.364 109.095 109.482 110.213 110.6 111.718 GBP/USD 1.41892 1.42718 1.42995 1.43544 1.43821 1.4437 1.45196 USD/CHF 0.9423 0.95533 0...
Among the more interesting questions in the FX market these days is: Why the failure to reach a deal in Doha had no significant impact on the global markets? The answer to this question is central for the near-term outlook of the G10 commodity currencies...
Remember at the start of the day the EURUSD was in a 38 pip trading range. That range has now been extended to an above average of 94 pips (the average is 82 pips) - and it might not be over. Looking at the daily chart, the EURUSD has a head and shoulders look to it...
