Technical Analysis of USDX for April 12, 2016 The Dollar index continues to grind lower and still remains in a bearish trend. However, I expect the trend to reverse this week or, at the latest, at the start of next week. I expect the Dollar to strengthen again...

EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. We have held a neutral view for more than 2 weeks and there are no signs that the current consolidation phase is about to end soon. In other words, we continue to expect this pair to trade between 1.1330 and 1.1495 for now...

GBP/JPY Trades Below 23.6% Fibo Ahead of UK Data GBP/JPY backed off from the daily high of 154.63 levels to trade below 154.22 (23.6% of 162.58-151.64) levels ahead of the UK CPI data release...

Technical Analysis of Gold for April 12, 2016 Gold made a new higher high yesterday towards the resistance of the 61.8% Fibonacci retracement and is now trading around this important level...

Early FX Update from the Globe – Wells Fargo Eric Viloria, Currency Strategist at Wells Fargo Securities, lists down all the FX updates from the globe for today. Key Quotes • “The U.S. dollar is mixed but lower overall...

Worries over whether Great Britain will leave the European Union are showing up in unlikely pockets of the financial markets. One of them is the difference between the London Interbank Offered Rate and the overnight indexed swap rate in the U.K...

EUR/USD Advances to Highs Near 1.1440 The shared currency is now gathering further traction, sending EUR/USD to the area of daily highs in the proximity of 1.1440...

FXWIREPRO: EUR/GBP Struggles at the 0.80 Handle, Focus on Uk Inflation Data EUR/GBP is extending downside from fresh 20-month highs at 0.8117 hit on April 7th. The pair is seen trading a rising channel since Jan 2016, and on the day is struggling at the 0.80 handle...

BoC Preview: Rate Unchanged - Nomura Charles St-Arnaud, Research Analyst at Nomura, suggests that the BoC is expected to maintain neutral policy stance while all eyes will be on estimate of increased fiscal spending. Key Quotes “The Bank of Canada (BoC) holds its next policy meeting on 13 April...

Technical Analysis of USD/CAD for April 12, 2016 General overview for 12/04/2016: Five sub-waves in wave c of wave (a) had been completed and now the market should start the corrective cycle in wave (b). The projected target level for wave (b) is the previous wave 4 zone at the level of 1.3018...

Technical Analysis of EUR/JPY for April 12, 2016 Technical outlook and chart setups: The EUR/JPY is recovering from yesterday's lows at 123.00 levels for now but the rally should be shallow before bears take control again. The pair is seen to be trading at 123...

Bullish on SEK Ahead of CPI Data – BNPP Research Team at BNP Paribas, suggests that the March inflation data remains in focus across Europe this week. Key Quotes “In Sweden we expect Tuesday’s release to show the headline y/y rate re-accelerating to 0...

Technical Analysis of GBP/CHF for April 12, 2016 Technical outlook and chart setups: The GBP/CHF pair has rallied through 1.3600/20 levels, as expected and discussed yesterday. The pair is trading at 1.3580 levels at this moment, looking to push through 1...

FXWIREPRO: Cloud Base Is Strong Support for AUD/CAD, Weakness Only on Breaks Below 0.9787 AUD/CAD has broken range trade and price action has slipped into the daily cloud, hit session lows at 0.9788...

Technical Analysis of Silver for April 12, 2016 Technical outlook and chart setups: Silver rallied through $16.00 levels yesterday before hitting fibonacci 0.786 resistance of the drop from $16.13 through $14.80 levels, and pulling back. The metal is trading at $15...

USD/CHF Stuck in Tight Range Below 0.9550 The US dollar fights hard to regain lost footing versus its Swiss counterpart in the European morning, lifting USD/CHF from session lows on the 0.95 handle...

FXWIREPRO: NZD/CAD Forms Bearish Bat Pattern, Good to Buy at Dips Harmonic Pattern Formed – Bearish Bat pattern Potential Reversal Zone (PRZ) – 0.8970 The pair has recovered after making a low of 0.8835. It is currently trading around 0.88801...

Analysts believe that this week #EURUSD may exceed 1.1500, supported by the risk appetite. #GPBUSD showed a significant increase, in spite of the virtual absence of the fundamental reasons...

Technical Analysis of Gold for April 12, 2016 Technical outlook and chart setups: Gold rallied and hit resistance at $1,257.00/58.00 levels yesterday before pulling back lower. The metal is trading at $1,253.00 at the moment, and is expected to drift lower at least towards $1,190.00 levels...

Since Monday, April 4th, positioning has shifted. In the majors, the largest short is still in GBP and the largest long is now in JPY. USD positioning moved to its largest short position since Oct-2012...