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Daily Analysis of USDX for April 11, 2016 On the H1 chart, USDX attempted to break the low around the 93.95 level, to extend the bearish bias on a short-term basis. Currently, there is a double bottom pattern formation above the support zone of 93...
Daily Analysis of GBP/USD for April 11, 2016 GBP/USD is currently doing some corrective moves above the support zone of 1.4118, after a rebound that was made around the 1.4062 price level...
EUR/GBP Navigating Session Lows Near 0.8070 The better tone in the sterling is prompting EUR/GBP to trade in the lower end of the daily range around 0.8070...
FXWIREPRO: NZD/USD Edges Above 0.68 Handle, Rise in Oil Prices Supports NZD/USD retakes the 0.68 handle as commodity currencies are being supported by sharp rise in oil. With the US dollar still on the back foot the risks for NZD/USD remain to the upside...
FXWIREPRO: South Korean Won Breaks Key Support at 1153, Good to Sell on Rallies USD/KRW is currently trading around 1145 levels. It made intraday high at 1154 and low at 1145 levels. Intraday bias remains bearish for the moment...
GBP/USD: on the Front Foot, Eyes 38.2% Fibo Level GBP/USD strengthened in Asia and is maintaining its bid tone in early Europe with eyes set on 1.4154 (38.2% of 1.4669-1.3835...
China: Strong Reasons for the PBOC to Stay the Course - ING Tim Condon, Chief Economist at ING, assumes that the PBOC is likely to keep the NEER steady and ING’s forecast that USD/Majors will be range bound is behind their yearend 6.47 USD/CNY forecast...
EUR/USD – Attempting Break Above Key Fibo, Strong Yen Weighs EUR/USD is having a tough time taking out hurdle at 1.1418 (23.6% of Mar 2015 low-Aug 2015 high) amid strength in Yen and resulting weakness in EUR/JPY cross. Range trading continues Pair is looking to extend the week long range of 1...
BoE: Holding its Breath - Rabobank Jane Foley, Senior FX Strategist at Rabobank, notes that the relevance of Bank of England (BoE) policy meetings for asset prices has paled into insignificance recently in comparison to those of the Federal Reserve, ECB and BoJ...
Germany: Some Relief but No Reason to Cheer - ING Carsten Brzeski, Chief Economist at ING, notes that the German exports recovered in February, but the revival was too weak to get overly excited and it will take a while before exports can return as powerful growth engine...
Asian Markets Start the New Week on a Mix Note, Gold Hovers Around $1250 All the major Asian markets are trading on a mix note on Monday. From the data front from China, Country’s Consumer-price inflation was unchanged at a 19-month high. The CPI rose at a steady pace of 2...
FXWIREPRO: AUD/JPY Holds Above Strong Trendline Support at 80.75, Weakness to Resume on Breaks Below 80.75 Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-holds-cloud-top-support-at-8290-good-to-go-short-on-breaks-below-190866) has hit all targets...
USD/JPY Stays Weak as Anti Intervention Talks Continue USD/JPY remains under pressure around 107.80 levels as present and Ex BOJ and government officials maintain their “no intervention” stance...
FX: Volatility, Volatility Everywhere - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the negative tone of IMF Chief Lagarde last week and specifically her warnings that time is running out to revive the global economy strengthens a perception held by many investors that many o...
FXWIREPRO: USD/JPY Edges Higher from Fresh Multi-Month Lows at 107.63, Finds Strong Support at 107.60 USD/JPY remains with a bearish bias, has hit fresh multi-month lows at 107.63. The pair finds strong support at 107.60, breaks below could see further weakness. Tests of 106.80 and then 106...
Japan: Time for Intervents-Yen? – ING Research Team at ING, suggests that despite verbal intervention from the MoF last week, the bar for unilateral FX intervention remains high...
•Some economists have revised down their GDP forecasts for the US for Q1 •Japanese policymakers may intervene to curb the strengthening yen •Oil rose by more than 4% on EIA data that showed US crude output was down •There is support for gold and ETF holdings, even in this ‘risk on’ environment •B...
EUR/USD made a move to higher ground but was rejected on high resistance. Will this be followed by another move up? It now faces final inflation figures among other events. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD...
JPY: Breaking Point & Yentervention Risks - TDS Research Team at TDS, suggests that the USD/JPY has traded decisively below the key support/ psychological level of 110 and for the near term, the balance of risk remains skewed to the downside...
