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...
EUR/USD Firm Near 1.1250 ahead of IFO The single currency has started the week on a firmer note vs. the dollar, taking EUR/USD to the mid-1.1200s ahead of the opening bell in Euroland. EUR/USD focus on IFO Spot has managed to come back from overnight troughs near 1...
USD/CNY Forecast to be Lowered – Commerzbank Analyst, Zhou Hao at Commerzbank, suggests that on the Chinese policy front, given the uncertain growth outlook, they still expect the PBoC to cut the policy rates by 25bps in Q2, and broader easing policies will be maintained in China over the remaind...
USD/JPY Reverses Sharply, Attacks 111 Again The USD bears fought back control in the Asian trades at the start of the big week ahead, sending USD/JPY sharply lower from two-week tops reached just shy of 112 barrier last Friday. USD/JPY sold-off ahead of 50-DMA at 111...
Here’s the market outlook for this week:: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bearish This pair was bearish last week...
USD/CAD: Weakness Has Further to Go - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the weakness in USD/CAD has further to go, a potentially higher March CPI this week thanks to stronger energy prices may well be a catalyst...
Guide to Today's Important Data and Events Few economic dockets scheduled for today and all with low to medium risks associated. Data Released so far – Japan – Corporate service prices up 0.2% y/y in February. Upcoming –...
FxWirePro: Indian Rupee Hits Fresh 2-Week Low Against US Dollar, Good to Buy on Dips USD/INR is currently trading at 66.70 marks. It made intraday high at 66.71 and low at 66.65 levels. Intraday bias remains bullish till the time pair holds key support at 66.47 marks. A daily close below 66...
FxWirePro: NZD/USD Holds Minor Support at 0.6835, Good to Short Breaks Below NZD/USD has broken strong trendline support at 0.6835 on Friday's trade and is currently trading at 0.6858. The pair is extending declines after upside was capped by channel top at 0...
FxWirePro: USD/JPY subdued on Profit Taking, Finds Strong Support at 111.04 USD/JPY remains subdued in early Asian session as markets resort to profit taking at highs. The major broke above strong resistance at 109.90 and took out 110.40 to hit highs of 111.88...
Asian Markets Start the New Week on a Lower Note, Gold Above $1230 All the major Asian indices are trading on a lower note on Monday. This week will be important as three central banks will announce monetary policy statements named RBNZ, Federal Reserve and Bank of Japan...
EUR/USD Keeps Range Near 1.1250, German IFO Eyed The shared currency rebounds versus its American counterpart in a quiet Asian session, with EUR/USD consolidating near daily tops as focus now shifts towards the German data due later today. EUR/USD finds bids near daily S1 at 1...
Silver More Favoured than Gold, Crude Longs Lifted - TDS Research Team at TDS, lists down the CFTC commitment of traders report for the week ending April 22nd, 2016...
USD/JPY Maintains its Forecast at 130 in 12 Months – Goldman Sachs Livesquawk reporting comments from Goldman Sachs on Japan’s plans on further policy measures and also on the yen outlook: Japan may show more credible commitment to inflate economy by taking permanent fiscal expansion steps togeth...
Asian Stocks in the Red, Central Banks Action in Focus The Asian stocks kicked-off the week this Monday on a weaker footing, as markets remain unnerved ahead of FOMC, RBNZ and BOJ monetary policy decision due later this week...
AUD/USD Off-Lows, Re-takes 0.7700 Amid Thin Markets The AUD/USD pair trims losses and re-attempts 0.77 handle in the Asian session this Monday, extending weakness for the fourth straight session. AUD/USD bounces-off 0.7690 Currently, the AUD/USD pair now drops -0.14% to 0...
NZD/USD: Subdued Awaiting RBNZ/FOMC NZD/USD had been a one way street this month until the support of the ascending channel was broken at the end of last week ahead of both the RBNZ and FOMC this week. NZD/USD had otherwise been well supported as it targets 0...
