USDCHF Daily Forecast: April 26 2016 USDCHF Forecast The USDCHF had a moderate bearish momentum yesterday bottomed at 0.9736. The bias is neutral in nearest term but as long as stay above 0.9715 I still prefer a bullish scenario at this phase testing 0.9900 region...
USD/JPY Falls Below 111.00 as Nikkei Selling Picks Up USD/JPY has been knocked down ahead of the Tokyo lunch, last trading just below 111.00, where its re-testing the double bottom printed yesterday at 110.85...
NZD/USD Extends Recovery Towards 0.6900 The recovery from NY lows gained further traction in the Asian hours, driving the NZD/USD pair further towards 0.69 handle. NZD/USD takes-out 20-DMA Currently, the NZD/USD pair trades 0.47% higher at fresh session highs of 0...
FxWirePro: AUD/NZD Fails to Break Key Resistance at 1.1298, Good to Buy on Dips AUD/NZD is trading around 1.1220 marks. Pair made intraday high at 1.1250 and low at 1.1217 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.1298 marks. A daily close below 1...
FxWirePro: USD/JPY in Tight Range During Asian Hours, Intraday Bias Remains Neutral USD/JPY is currently trading around 111.19 marks. It made intraday high at 111.29 and low at 110.95 levels. Intraday bias remains neutral for the moment. A sustained close above 111...
FxWirePro: South Korean Won Holds Steady Despite Lower Than expected GDP Data USD/KRW is currently trading around 1149 levels. It made intraday high at 1150 and low at 1148 levels. South Korea’s Q1 GDP growth declined to 0.4 % (forecast 0.5 %) vs previous 0.7...
Gold Struggle with Hourly 200-SMA Extends Ahead of US Data Gold holds onto yesterday’s gains and now struggles to extend above hourly 200-SMA located at 1240.10 as a lack of fresh fundamental drivers and mixed sentiment keeps a lid on the prices...
AUD/USD Capped Below hHourly 50-SMA, Awaits Fresh Impetus The AUD/USD pair extends its consolidative phase into a second day this Tuesday, as the bulls remain on the back foot ahead of upcoming risk events from both continents. AUD/USD holds above 0...
GBP/USD: Anti-brexit Chat Supporting the Bid - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the British Pound outperformed this Monday, rallying up to 1.4518 against the greenback, its highest since early February, with no clear catalyst behind Sterling's strength...
USD/JPY: Bears Held Up at 4hr 200 SMA, So Far USD/JPY opened on the back foot for a test below the 111 handle in an extension of the early Asia grind lower from highs of 111.29...
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Concerns about global headwinds and asymmetric policy options are blowing strongly in the face of the FOMC’s desire to raise rates. But, since its March meeting, dovish comments from Fed officials have carried markets off course...
After posting three-week-plus highs just shy of Y112.00 in Asian action Monday, market players were quick to take profit on existing dollar-yen long positions, with event-risk seen in the form of this week's Federal Reserve and Bank of Japan meetings...
The following are the latest technical setups for EUR/USD, USD/JPY, EUR/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: Our bearish view was initially encouraged by the move below 1.1230. We now look for an extension below 1...
The US dollar’s decline could be coming to an end with analysts at Barclays warning this week’s FOMC statement is unlikely to trigger further notable declines...
There are a number of reasons to start turning shy on the Canadian dollar following its 2016 period of outperformance...
FOMC Week: a Non-Event? - UOB Analysts at UOB Group explained that the Fed Reserve has a meeting and a policy decision scheduled this coming week, but it is without any post FOMC press conference by Yellen or review of the FOMC economic projections...
JPY Vulnerability Amplified by CFTC Record Longs - Scotiabank Analysts at Scotiabank explained that JPY is outperforming as it attempts to retrace a slight portion of Friday’s impressive 2.0% decline—its greatest one day drop since the BoJ’s surprise easing from October 2014...
