USD/JPY Rangebound Near-term – UOB According to the research team at UOB Group, the pair’s perspective has shifted to the neutral side in the upcoming 1-3 weeks. Key Quotes “USD/JPY saw a low of 106.25, before another bounce was seen in the overnight session”...
NZD/USD Erases Early Gains, Eyeing 0.6850 Support The NZD/USD pair got fresh offers near 0.6900 level and erased most of its Asian session gains to trade at 0.6880, holding just a fraction in the green. The pair faded its early morning spike to 0...
EUR/USD Slips Further, Near 1.1420 The bid tone around the dollar is growing bigger during the European morning, relegating EUR/USD to fresh weekly lows in the 1.1430/20 band...
European Bonds Slump on Tracking Firm Crude The European bonds slumped on Thursday as investors cooled on safe-haven assets amid gains in riskier assets including stocks and oil. The benchmark German 10-year bonds yield, which is inversely proportional to bond price rose 1bps to 0...
GBP/USD Slips Back Below 1.4500 as UK PMI Weighs The recovery in the GBP/USD pair faltered near 1.4520 region, allowing the bears to regain control and drive the prices back below 1.45 handle. GBP/USD remains capped below hourly 50-SMA at 1.4533 The GBP/USD pair trades modestly flat at 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, May 05th USD/CAD turned around near its 2 week peaks just under the level 1.29 after 2 days moving upward...
GBP/USD Shifted to Neutral, Focus on 1.44 – UOB In view of the research team at UOB Group, the pair’s outlook remains neutral in the near term, while the looks have now turned to 1.4400. Key Quotes “We shifted to a neutral GBP stance yesterday and there is no change to the view”...
USD/CAD Sell the Rallies to 1.29/1.30 – Westpac Richard Franulovich, Strategist at Westpac, has recommended selling the pair on strength toward 1.29/1.30 if seen. Key Quotes “Near term outlook more neutral but a better seller into 1.29-1.30 if seen”...
European Stocks End 4-Day Slide, Track Oil Higher The European equities open on a stronger footing this Thursday, bringing an end to its four-day losing streak, as a solid rebound in the oil prices offered the much-needed boost to the miners and energy stocks...
USD/CHF Retakes 0.9600 and Above The greenback is extending its march north today, now pushing USD/CHF to fresh tops above the 0.9600 handle. USD/CHF rebounds from 0.9440 Spot is prolonging its weekly rebound from recent multi-month lows in the 0...
USD/JPY Points South Short-term – Westpac Strategist at Westpac Robert Rennie sticks with his bearish view on the pair for the upcoming week...
USD/JPY: Buyers in Control, Takes-out Wednesday’s High The demand for the Japanese currency is seen diminishing in the European session, now sending USD/JPY further in the positive territory, as focus now remains on the US jobless claims due later today. USD/JPY on its way to daily R1 at 107...
EUR/USD Keeps the Bullish Stance – UOB According to analysts at UOB Group, the pair’s perspective is still biased toward the bullish side in the next 1-3 weeks. Key Quotes “While the stop-loss for our bullish view at 1...
EUR/GBP Breaks Through 0.7900 Support Yet another weak UK PMI reading failed to boost the EUR/GBP pair, which has now dropped below 0.7900 support to currently trade at day's low level of 0.7885...
GBP/USD Drops Further Post-PMI The British pound is now rapidly depreciating vs. the dollar, pushing GBP/USD to fresh lows in the 1.4470 area. GBP/USD weaker on poor PMI Spot met further downside pressure after the key UK’s Services PMI has missed expectations during April, coming in at 52.3 vs...
UK Services PMI Hits the Lowest Levels Since Feb 2013 The services sector business activity in the UK deteriorated in April, marking a weak start to the second quarter and dropping to the lowest levels since February 2013...
An unsuccessful attempt to overcome the long-term downtrend line was followed with the wave of #GPBUSD sales. The reversal pattern "inverted head and shoulders" was implemented, but everything is still not clear. Find out more by checking out the Source Link...
Gold returned back to the usual channel, where it had mainly traded in April. The further dynamics of #Gold will depend on developments in the U.S. dollar. #USD has strengthened considerably over the past days. Find out more by checking out the Source Link...
EUR/USD Sinks to Lows Near 1.1440 The single currency is now losing the grip vs. its American peer on Thursday, sending EUR/USD to daily lows in the mid-1.1400s...
