GBP/USD Neutral, 1.4330 Still a Chance – UOB Analysts at UOB Group remain neutral on GBP/USD, although there is still room for a test of the 1.4330 area...
USD/CHF Could Test the 0.9660 Area – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt a visit to the 0.9660 area. Key Quotes “USD/CHF has maintained downside pressure and has sold off to the 50% retracement at .9700”...
EUR/USD Climbs to Session High Level of 1.1370 ahead of Euro-Zone GDP Heading into the release of final print of the composite Euro-zone GDP for Q1 2016, the shared currency seems to have gained traction against the US counterpart with the EUR/USD pair testing session high level of .1370...
GBP/AUD: Pound Under Pressure Short Term - Westpac Sean Callow, Research Analyst at Westpac, suggests that the slide in AUD against GBP from late April to late May reflected both the RBA rate cut and a reduced risk premium on sterling as polls looked more promising for the UK to vote to stay in t...
USD/CHF Struggling Around 0.9700 Handle Following a drop to its lowest level since May 12, the USD/CHF pair attempted a tepid recovery on Monday but now seems to struggle in extending its recovery decisively above 0.9700 handle. After Friday's sharp slide of over 1...
EUR/GBP Regains 0.7830 ahead of EMU GDP After the ‘fat-finger’ move to the mid-0.7700s, EUR/GBP has quickly recovered and is now navigating the area of 0.7830 ahead of EMU data...
FxWirePro: Silver Fails to Sustain Above $16.51, Faces Strong Support at $16.32 XAG/USD is currently trading around $16.33 marks. It made intraday high at $16.46 and low at $16.31 levels. Intraday bias remains bearish till the time pair holds key support at $16.32 marks. A daily close below $16...
FxWirePro: GBP/JPY Faces Strong Support at 155.70, Good to Buy at Dips Major support – 155.70 (Hourly Kijun-Sen) The pair has declined drastically after making a high of 157.91 at the time of writing. It is currently trading around 156.43...
Gold - We look to Sell a break of 1240 (stop at 1250) Gold - The rally was sold and the dip bought resulting in little net change yesterday. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible...
EUR/USD Revisits Daily Highs Near 1.1365 on Upbeat German IP The EUR/USD pair appears to have found solid support at the mid-point of 1.13 handle, and jumped higher from there to test daily highs following the release of surprisingly positive German industrial figures. EUR/USD looks to test 1...
EUR/USD Initial Target at 1.14 – UOB The research team at UOB Group has reiterated its bullish perspective for the pair, adding that the next target remains at 1.1400 in the next 1-3 weeks. Key Quotes “Despite early signs of slowing momentum, another attempt towards 1.1400 seems likely from here...
NZD/GBP is Breaking Down - Westpac Imre Speizer, Research Analyst at Westpac, suggests that the Brexit referendum on 23 June has been the dominant influence on the GBP this year. Key Quotes “The risk of a “yes” vote hurt the GBP until April, but more recently markets have played down the risk...
EUR/USD Around 1.1350 ahead of German, EMU Data The single currency has deflated from recent highs vs. the greenback, taking EUR/USD back to the mid-1.1300s. EUR/USD capped by 1.1400 The pair remained apathetic despite Chairwoman J...
USD/CAD Consolidating the Downside, but Holds 1.2800 The US dollar trades around a flat-line against its Canadian counterpart in early Europe, with USD/CAD extending its side-trend from the Asian trades above 1.28 handle...
USD/JPY Off Day’s High but Holds in Green at 107.70 The Japanese currency has failed to extend its last week risk-aversion led gains against the US counterpart, with the USD/JPY moving higher for second consecutive day to inch closer to 108.00 handle...
AUD/NZD Surge Past 20-DMA After RBA Stands Pat The AUD/NZD cross surged past 20-day SMA resistance near 1.0700 handle with ease after the RBA decided to keep the cash rate unchanged at 1.75...
AUD/USD Pushes Higher to 0.7440 The Aussie dollar is extending its upside momentum today, now lifting AUD/USD to fresh daily tops in the 0.7440 area...
FxWirePro: EUR/AUD Breaks Major Support at 1.5355, on Track to Test 100-DMA at 1.5192 EUR/AUD has broken major trendline support at 1.5355 and is currently trading around 1.53 levels as Aussie spiked post-RBA decision. RBA Board decided to leave the cash rate unchanged at 1...
FxWirePro: USD/INR Opens Lower at 66.78, RBI Policy Decision in Focus USD/INR is currently trading around 66.87. It made intraday high at 66.94 and low at 66.78 marks. Intraday bias remains neutral for the moment. A sustained close below 66.77 will tests key supports at 66.56, 66...
