USD/NOK could be facing downside pressure as its MACD failed to test recent highs. A bearish divergence between USD/NOK spot behavior and the MACD over the last few weeks suggests downside vulnerability ahead...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/CHF, AUD/USD, and NZD/USD. EUR/USD: extended its move lower yesterday and has now dropped 5% in the past three weeks...
After a short-lived recovery, GBP/USD resumed the decline and broke below previous lows. It bottomed at 1.5205, hitting a new 2-week low...
Will the USD/JPY finally break its range with Friday's Payrolls? What you think people...
EUR/GBP is currently trading at 0.7135 with a high of 0.7149 and a low of 0.7041. EUR/GBP has been consolidating the upside rally post the BoE announcements, but is reluctant to let go of space at the mid point of the 0.71 handle. There has been a further bid on the profit taking down at 0...
EUR appears vulnerable, consolidating around fresh multi-month lows with data-driven weakness (weaker German factory orders) reversing on technical support triggered by the break of 1.0850, said Eric Theoret, FX Strategist at Scotiabank...
AUD/USD was rejected from session highs and erased daily gains to trade nearly flat on the day. AUD/USD recovered from a low of 0.7125 and reached a session high of 0.7169 as the greenback softened following the release of disappointing US data...
According to analysts from TD Securities today’s decision and documents from the Bank of England support the view of a rate hike at the May 2016 meeting...
Goldman Sachs made long-term forecast for AUD/USD for 2016 stated that the price will be continuing with the bearish trend up to 0.69 at year-end: Instrument Q1 Jan'16 Q2...
Valeria Bednarik, chief analyst at FXStreet noted and explained that the British Pound plunged after the BOE's monthly economic meeting, against the greenback, as the Central Bank offered a doom inflation outlook...
According to analysts from TD Securities today’s decision and documents from the Bank of England support the view of a rate hike at the May 2016 meeting...
USD/JPY dropped further during the American session and felt o121.50, where it finally found support. Currently it trades at 121.60/65, marginally higher for the day. Despite the retreated that is taking place during the American session the trend and momentum remains bullish...
Analysts at UOB Group noted that the RBA's Governor Stevens told an audience yesterday that the next monetary policy move is more likely to be a cut than a hike. Key Quotes: "Reiterating his message from Tuesday when the central bank left the cash rate on hold at a record-low of 2.0...
Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair has recovered from a fresh multi-month low set at 1.0833 during the Asian session, initially falling on a strong advance in local share markets...
GBP/USD paused the decline and managed to recover a few pips following the Bank of England ‘Super Thursday’ combo (monetary policy decision/statement/minutes/Quarterly Inflation Report...
James Knightley, analyst at ING Bank noted that the firm US data yesterday and supportive comments from Janet Yellen suggest the chances of a December Fed rate hike are rising. Key Quotes: "The October reading of the ISM non-manufacturing report looks very strong...
Strategist Emile Cardon at Rabobank believes the SNB could wait until the franc comes under significant pressure to announce additional measures (if any at all...
From an hourly perspective, the GBP/USD has reached its lowest momentum reading of the last 20 days of trading. Moreover, the recent plummeting GBP/USD price action has been highlighted by an above-average reading in the MACD histogram...
Economists from Wells Fargo pointed out that inflation expectations continue to ease further but mentioned that low inflation is not necessarily a reason to put the Fed’s first rate hike off even further, warning also that still remains a strong argument to move slowly in the case of a liftoff...
