Gold Finds Good Support Near $ 1207, NFP in Spotlight Gold trades moderately higher in the Asian trades, underpinned by risk-off markets and a broadly lower US dollar, as we head towards the ECB policy decision on the interest rates. Gold re-takes 5-DMA Currently, gold now trades +0...
USD/JPY Offered Near 50-DMA, Gives Up 109 Handle USD/JPY’s recovery from three consecutive sessions of losses faltered just shy of 50-DMA at 109.16, with the major now turning lower below 109 handle, as the risk sentiment appears to have worsened over the last hour...
FxWirePro: Japanese Yen falls in Early Hours After Lower Than expected Cash Earnings Data USD/JPY is currently trading around 108.90 marks. It made intraday high at 109.13 and low at 108.74 levels. Today Japan released average cash earnings data with negative numbers at 0.3% m/m vs 1...
AUD/USD Fades a spike to 0.7240 on Weaker China Services PMI The AUD/USD pair failed to sustain at higher levels and turned negative once again following the release of the Chinese services sector activity report, which missed estimates. AUD/USD revisits daily lows...
USDJPY: With USDJPY weakening further on Thursday, more weakness is expected. On the downside, support comes in at the 108.00 level where a break if seen will aim at the 107.50 level. A cut through here will turn focus to the 107.00 level and possibly lower towards the 106.50 level...
Welcome to my "Strength and Comparison" article for the coming month, the article "Ranking, Rating and Score" has also been published for this month. For analyzing the best pairs to trade looking from a longer term perspective the last 12 months currency classification can be used in support...
Welcome to my "Ranking, Rating and Score" article for the coming month, the article "Strength and Comparison" has also been published...
EUR/USD: We are overall bearish and would prefer to sell upticks. A break above nearby resistance in the 1.1220 area would signal room towards 1.1300/50 before sellers emerge. Our downside targets are towards 1.1095 and then the 1.0990 area...
Gold: View of Major Top Over the Last Month Remains Gold near term outlook: In the May 26th email once again affirmed the bearish view (important top at the May 2nd high at $1304) and rolling over of the multi-month topping/channel...
WTI Reduces Losses Post-EIA, Focus on Fedspeak Prices for the barrel of West Texas Intermediate have trimmed earlier losses following the EIA report, navigating the $48.70 area after testing the $48.00 region. WTI weaker on OPEC, EIA The barrel of WTI managed to bounce off lows in the $48...
USD/CAD Bullish Above 1.3050 – Scotiabank Eric Theoret, FX Strategist at Scotiabank, sees the perspective for the pair as bullish while above 1.3050...
DXY Inter-Markets: Losing Momentum? The US Dollar Index (DXY), which tracks the greenback vs. its main competitors, has managed to regain the positive territory around 95.50 today, reverting the initial drop to multi-day lows in the 95.15/10 band...
Nonfarm Payrolls Preview: Wages Again in the Spotlight Heading into a new US Nonfarm Payroll release, the American dollar has lost the momentum triggered a couple of week ago by the FED, suggesting a rate hike is possible this June...
EUR/JPY Tumbles to Over Three-Year Low Level of 121.00 After flirting with 122.00 support for major part of the day, the EUR/JPY pair finally broke through the handle support and tumbled to 121.00 mark, its lowest level since March 2013...
USD/JPY Sell-Off Continues, Tumbles Below 109.00 Level Despite of a broader recovery for the greenback, tracked by the US Dollar Index, the USD/JPY pair maintained its undertone and extended its slide further below 109.00 handle to currently trade around the mid-point of 108.00 level...
NZD/USD Bullish Above 0.6840 – UOB In opinion of analysts at UOB Group, the outlook for the Kiwi dollar could turn to bullish on a surpass of 0.6840. Key Quotes “While the strong 0...
USD/JPY Forecast: Fresh Lows on Risk Aversion Fresh lows on risk aversion. The USD/JPY pair continued declining this Thursday, down below the 109.00 mark ahead of the US opening and after ECB's economy policy decision...
AUD/USD Rallies Could Struggle Near 0.7350 – Westpac Strategist at Westpac Sean Callow sees bullish attempts in the Aussie dollar to remain somewhat capped in the mid-0.7300s. Key Quotes “May was AUD/USD’s weakest month (-4...
US Dollar Turns Positive Near 95.50 The greenback, tracked by the US Dollar Index, has reverted the initial bearish tone and is now testing the positive territory in the 95.45/50 band. US Dollar rebounds from 95.15 After bottoming out in the 95...
