Daily Forex Fundamental Overview Fundamental Analysis EUR "Manufacturing in the euro area remained stuck in a state of near stagnation, failing to break out of the slow growth phase that has plagued producers since February". - Chris Williams, Markit's chief economist...
USD Stays in the Defensive Despite Decent ISM On Wednesday, risk sentiment deteriorated in Europe. Mediocre Chinese data, a poor OECD outlook and rising Brexit tensions weighed on global sentiment...
Gold Attempting a Move Back to 100-DMA Near $1220 Gold maintained its bid tone on Wednesday and is inching back towards 100-day SMA to currently trade near $1217 level market participants brace for a substantial increase in volatility heading into the ECB monetary policy decision on Thursday and...
EUR/GBP Expected to Gain Further Traction – Danske Bank Jens Sorensen, Chief Analyst at Danske Bank, sees the European cross edging higher in the next weeks. Key Quotes “GBP suffered further yesterday and EUR/GBP rose to 0.7750 as Brexit concerns have reappeared in the financial markets”...
GBP/USD Clinches Highs Near 1.4450 The sterling met some buying pressure early in Europe today, lifting GBP/USD to the mid-1.4400s, or dailyhighs...
FxWirePro: Possible 'Bearish Cypher' on NZD/USD Dailies New Zealand economy is looking solid and yesterday terms of trade saw a 4.4% rise, which is one of many “fundamentals”. RBNZ’s meeting next week (which will be accompanied by a full Monetary Policy Statement) is a major event risk...
EUR/USD: Struggle with 1.1200 Extends, ECB in Focus The offered tone surrounding the US dollar appears to weaken a bit ahead of the European open, keeping EUR/USD flat-lined around 1.12 handle. EUR/USD falls sharply from above 100-DMA Currently, EUR/USD trades modestly higher at 1...
GBP/USD Support Seen at 1.4333/1.4261 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, Cable should remain well supported in the 1.4333/1.4261 area...
USD/JPY Recovers to Trade Back Above 109.00 Level Yen continues to surge on risk aversion with the USD/JPY pair dipping below 109.00 handle before staging a minor recovery to currently trade around 109.30 level...
USD/CAD Sidelined Below 1.31, OPEC Eyed The greenback is trading almost unchanged vs. its neighbour on Thursday, taking USD/CAD to the 1.3080 area ahead of the key OPEC meeting. USD/CAD focus on OPEC, EIA Spot is extending its consolidative pattern south of the 1...
AUD/USD Capped at 200-DMA, Drops Below 0.7250 on Global Risk-Off After failing to sustain its strength back above the very important 200-day SMA, the AUD/USD pair is trading weak below 0.7250 despite of better-than-expected trade-balance data...
EUR/USD Offered Below 1.1216 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s stance remains offered while below 1.1216. Key Quotes “EUR/USD is starting to bounce from the critical 1.1102/1.1058 key support...
Forex Analysis: EUR/USD, EUR/CHF, USD/CHF, GBP/USD, USD/JPY, EUR/GBP - Danske Bank EUR/USD Strength above the 1.1200 level extending recovery from the 200-day MA and target the lower highs at 1.1217 and 1.1243. Above the latter will see scope to 1.1283 then the 1.1300 level. Support now at the 1...
EUR/GBP Drops to Lows Near 0.7750, ECB Eyed Having peaked near 0.7775 region earlier today, the EUR/GBP cross eases slightly and consolidates in a narrow range ahead of the ECB decision. EUR/GBP holds above 20-DMA at 0.7733 Currently, the EUR/GBP pair trades -0.10% lower near session lows of 0...
FxWirePro: AUD/CAD Finds Strong Support by 21-DMA at 0.9446, Weakness Only on Break Below AUD/CAD halts upside, slips lower from fresh 3-week highs at 0.9527 hit on Wednesday...
EURGBP - We Look to Sell a Break of 0.7759 (stop at 0.7789) EURGBP - Continued upward momentum from 0.7572 resulted in the pair posting net daily gains yesterday. A 5 wave bullish count has been completed at 0.7774. Selling posted in Asia...
CADJPY Elliottwave Analysis Suggests Pair has Turned Lower Short term Elliottwave structure suggests that the cycle from 5/6 low has ended with wave (X) at 85.5. Decline from there is taking the form of a zigzag...
Gold: Retains Its Recovery Tone GOLD: The commodity continues to threaten further upside on correction. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level...
USD/JPY Climbs Back Above 109 Handle as Nikkei Trims Losses Fresh bids emerge near 108.85 region, allowing a tepid-bounce in the USD/JPY pair above 109 handle, also as risk-off moods cool-off somewhat amid a recovery in the Japanese stocks...
