Jane Foley, Research Analyst at Rabobank, suggests that following the G20 meetings earlier this year there were plenty of rumours that the US had demanded that other central banks ease back from monetary policies that led to USD strength...
Technical Analysis of GBP/NZD for April 12, 2016 After the breakout of the uptrend trend line, the price dropped substantially and the pair found the support at 0% (S2) Fibonacci level applied to the trend line's breakout point. At the same time, a strong support is formed at the 361...
EUR/USD Putting 1.14 to the Test The shared currency continues to shed ground vs. the greenback today, now taking EUR/USD to test session lows in sub-1.1400 levels...
With another quiet one in terms of economic data released, we stay focused on the impact of the impending weekend meetings between Oil producing nations in Doha. With Oil sitting just above the important, psychological $40 per barrel level, it’s still the 200 SMA that is capping price...
FXWIREPRO: Brazilian Political, Fiscal and Economical Consolidation Fuel Brl Momentum - Stay hedged for USD/BRL Downside USD/BRL Increased odds of a presidential impeachment pushed USD/BRL below 3.60 for the first time since August...
AUD/USD Hovers Near 8-Day Highs AUD/USD has managed to hold onto daily gains despite the recovery of the US dollar against European currencies seen over the last hours. AUD/USD is rising for third day in a row, having recently posted an 8-day high of 0...
FXWIREPRO: BRL on 8 Month's Highs After Descending Triangles' Base - Short for more Bearish Potential BRL (Brazilian Real) against USD hits at 3.4850 to flash a fresh 8 months highs. USD/BRL forms a descending triangle pattern which is bearish continuation trend...
The dollar has had a rough ride of late but this isn’t anything long-term say economists at a leading independent economic research house. The US dollar Index has fallen from a peak of 99...
The British pound’s outlook ultimately rests with two factors, in our view: The EU referendum in June and UK inflation data. The referendum is of course the sexier of the two drivers, but it could be the speed of price rises confronting shoppers that truly becomes the market’s biggest concern...
End of FX Wars? - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that following the G20 meetings earlier this year there were plenty of rumours that the US had demanded that other central banks ease back from monetary policies that led to USD strength...
Silver Jumps to Near 6-Month High Silver prices in the USD terms or XAG/USD rose to $16.183, which is the highest level since Oct 28, 2015 as falling Fed rate hike bets continues to support precious metals. Prices currently trade around $16.10. The previous cyclical high stands around $16...
Analytical Review of the Currency Pair AUD/USD Technical data of the currency pair: Previous closing: 0.7595; Daily range: 0.7583-0.7652; Opening: 0.7595; 52- week range: 0.6824-0.8168; Annual revenue: -1.18%; Change in % for the previous day: +0.38...
We expect further flows from various market participants to continue to support JPY. First, Friday’s reluctance for JPY to weaken (indicating de-risking ahead of the weekend) suggests that ‘the Street’ has not traded JPY long in significant amounts last week...
USD/JPY Choppy Near 108.30, Fedspeak on Sight USD/JPY remains in a consolidative pattern in the low-108.00s for the time being, slightly rebounding from recent multi-month troughs near 107.60...
The JPY was among the strongest G10 FX currencies in recent weeks. Unstable risk sentiment as well as limited room of officials considering direct currency intervention kept the currency attractive as a safe haven play...
NZD/USD: STILL USD DRIVEN… NZD/USD lifted overnight as the USD remained under broad pressure. The failure of kiwi to push any lower suggests its heading for a test higher as markets have lost faith in the USD strength story...
EUR/NZD Analysis for April 12, 2016 Recently, EUR/NZD has been moving downwards. As I had expected, the price tested the level of 1.6544 in a high volume. EUR/NZD has broken the upward channel. So, only watch for selling opportunities on the rallies...
