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...
GBP/USD Extends Recovery Beyond 50-DMA, Awaits PMI The GBP/USD pair extends recovery from two-week lows as we progress towards early European trading, with the bulls unperturbed by risk-off sentiment persisting in full swing. GBP/USD back above 50-DMA at 1.4433 Currently, GBP/USD trades 0...
FxWirePro: Sell USD/INR at 67.35 With Stop Loss at 67.44 and Target of 67.12 USD/INR is currently trading around 67.32. It made intraday high at 67.45 and low at 67.31 marks. Intraday bias remains bearish till the time pair holds key resistance at 67.45 marks. A daily close above 67...
FxWirePro: Yen Buying Dominates Amid Risk-Off, USD/JPY Hits Fresh 2-Week Low, Good to Sell Rallies USD/JPY slipped below the 109 handle to hit fresh 2-week lows at 108.82...
ASX200 Trades Below 5300, Targets 5200 Major resistance - 5350 Major Support - 5300 (200 day 4 H MA) ASX200 has broken major support at 5300 and declined till 5269. It is currently trading at 5270. Short term trend is slightly bearish as long as resistance 5350 holds...
FxWirePro: Nikkei225 Trades Weak on Stronger Yen, Good to Sell on Rallies Major support - 16,680 (200 day 4H MA) Nikkei Index has snapped 5 day winning streak on account of stronger yen. It has declined 1.29% today at the time of writing. and currently trading around 16629...
FxWirePro: USD/SGD Hits Fresh Weekly Low at 1.3752, Intraday Bias Remains Bearish USD/SGD is currently trading around 1.3759 marks. It made intraday high at 1.3777 and low at 1.3752 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3836 levels...
Daily Recommendations on Major EUR/USD DAILY MARKET OUTLOOK on Major EUR/USD 02 Jun 2016 01:17 GMT EUR/USD - 1.1188 Despite the single currency's fall to a fresh 2-month trough at 1.1098 on Monday, subsequent strong rebound suggests recent downtrend from May's peak at 1...
AUD/USD Fails to Hold Above 200-DMA, Dips to Wednesday’s Low The AUD/USD pair failed to resist above 200-DMA at 0.7266 and fell sharply lower over the last hour, as markets sold-off higher-yielding currencies amid escalating risk-off conditions. AUD/USD drops below 20-DMA at 0...
Gold Regains 5-DMA in Asia, ECB in Focus 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 eyes 100-DMA Currently, gold now trades +0.11% higher at 1214...
Nikkei 225: Selling Intensifies as Yen Sinks, Rest of Asia Lower The Japanese stocks dive deeper into the red, extending losses from opening trades, as demand for the yen remains on the rise amid intensifying risk-off sentiment, after the sales-tax hike delay news re-ignited concerns over the Jap...
AUD/JPY on Free--Fall, 'Risk-Off' Rules AUD/JPY extended its sell-off on Thursday, last paid at 78.70/80 session lows, as the Japanese Yen continues to appreciate further, benefited by the risk averse sentiment in the market place, with the Nikkei 225 falling over 2% by lunch break...
EUR/USD Storms Through 1.1200 ahead of ECB The EUR/USD pace consolidated the overnight rally and now pierces through the 1.1200 barrier amid fresh selling seen in the greenback against its major peers. EUR/USD takes-out 100-DMA at 1.1207 Currently, EUR/USD trades 0...
USD/JPY Bounces-Off a Dip Below 109.00 on BOJ’s Sato The USD/JPY pair witnessed some aggressive selling last minutes, after the yen regained poise on the back of optimistic remarks on the Japanese economic outlook from the BOJ board member Sato. USD/JPY breaches 50-DMA support at 109...
EURUSD Daily Forecast: June 02 2016 EURUSD Forecast The EURUSD had a bullish momentum yesterday and hit 1.1197 earlier today...
GBPUSD Daily Forecast: June 02 2016 GBPUSD Forecast The GBPUSD continued its bearish momentum yesterday bottomed at 1.4385. The bias remains bearish in nearest term testing 1.4350. A clear break and daily close below that area could trigger further bearish scenario testing 1.4000 area...
