USD/JPY Attempting Break Above Hourly 50-MA The corrective move in the USD/JPY strengthened further in Europe, with the pair making a failed attempt to break above hourly 50-MA located at 109.10 levels...
Technical Analysis of USDX for April 8, 2016 The Dollar index is showing signs of a possible reversal that is near. Several bullish divergence signals are given despite the new low. The trend remains bearish but dollar bears should be very cautious as a reversal could occur any time now...
Technical Analysis of Gold for April 8, 2016 Gold made an upward move yesterday towards the $1,240 critical resistance level but did not manage to break it. The weekly trend remains supportive but, in my overall view, long positions are preferred only after a deeper decline towards $1,170-$1,100...
Treasury yields opened modestly lower coming out of overnight trading Thursday and then saw a good further rally in the New York morning before stabilizing at the day’s best levels through the afternoon, resulting in substantial gains across the curve at the close...
FXWIREPRO: BTC/USD Trades Well Above $400, Good to Buy at Dips Major support - $400 BTC/USD has slightly recovered till $422 after making a low of $403.It is currently trading around $420.66. Short term trend is slightly bullish as long as support $400 holds...
Technical Analysis of USD/CHF for April 08, 2016 USD/CHF is expected to trade in a lower range as the pair is under pressure. The pair remains on the downside after swinging off yesterday's low of 0.9520, showing a pattern of lower highs...
Technical Analysis of NZD/USD for April 08, 2016 NZD/USD Intraday: Key resistance is at 0.6820. The pair remains weak below its nearest key resistance at 0.6820 and is likely to challenge its support at 0.6755 in sight...
The great JPY-funded carry trade unwind has started and is not yet complete, suggesting JPY staying in demand. Price activity ahead of this weekend will tell us about the Street's positioning...
Technical Analysis of GBP/JPY for April 08, 2016 GBP/JPY is expected to trade in a lower range as key resistance is at 153.70. The pair has been capped by its descending 50-period moving average and remains under pressure...
UK Manufacturing Production Preview: What to expect of GBP/USD? UK manufacturing production numbers due for release today are likely show the output contracted in February. Manufacturing production is seen falling 0.2% m/m and 0.7% y/y. Meanwhile, industrial production is seen rising 0...
GBP/USD Downside Risks on the Rise – UOB The research team at UOB Group has noted GBP faces risks of further downside in the near term...
Elliott Wave Analysis of EUR/NZD for April 8 - 2016 Wave summary: We continue to look for upside acceleration and expect this will be seen once resistance at 1.6874 is overcome. In the longer term, we are looking for a strong rally in wave [iii] higher towards 1.8550...
Elliott Wave Analysis of EUR/JPY for April 8 - 2016 Wave summary: We continue to look for a decline to 120.98 (red wave iii), where red wave iii will be 161.8% longer than red wave i. Once red wave iii is in place near 120...
GBP/USD Turns Negative Near 1.4060, UK IP in Focus The GBP/USD pair is seen surrendering in the European morning, and drifts lower towards daily lows as markets remain wary ahead of the crucial UK industrial and manufacturing output numbers. GBP/USD losing sight of 1.41 handle...
EUR/USD Risks a Test of 1.1144 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt a visit to recent lows in the 1.1140 area. Key Quotes “EUR/USD charted another new high (1...
GBP/JPY Breaks Minor Resistance 153, Jump Till 154/154.95 Is Possible Major Intraday resistance -153 (1 H Kijun-Sen) Major intraday support – 152.50 (1 H Tenken-Sen) GBP/JPY has broken major intraday resistance 153 and jumped till 153.23 at the time of writing .It is currently trading around 153...
FXWIREPRO: NZD/CAD Faces Minor Resistance Around 0.8970, Good to Sell on Rallies Minor resistance 0.8970 Major support -0.8850 The pair has slightly recovered after making a low of 0.8872. It is currently trading around 0.88835. Intraday trend is weak as long as resistance 0.8970 holds...
Technical Analysis of EUR/USD for April 08, 2016 When the European market opens, some economic news will be released such as French Industrial Production m/m, French Gov Budget Balance, German Trade Balance. The US will release economic data too such as Wholesale Inventories m/m...
