Technical Analysis of USD/JPY for May 04, 2016 In Asia, today Japan will not release any economic data but the US will release some economic data such as Crude Oil Inventories, Factory Orders m/m, the ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance, Prelim Unit Labor Costs q/q, Preli...
Daily Analysis of USDX for May 04, 2016 At H1 chart, USDX made some gains and broke the psychological level of 93.00, as the Index is trying to extend the correction of the decline held from April 22 on a short-term basis. The short-term resistance is located at the 93...
Daily Analysis of GBP/USD for May 04, 2016 GBP/USD had a strong decline during yesterday's session as the Cable found resistance around the 1.4775 level, and afterwards the pair is looking to consolidate in sideways around the 200 SMA on the H1 chart...
Yesterday, commodity currencies had their own "Black Tuesday". #AUD, #CAD and #NZD declined vs. the U.S dollar due to some fundamental and technical reasons. Find out more at http://bit...
EUR/USD is Overvalued - BNPP Research Team at BNP Paribas, remain positioned for further EUR/JPY and EUR/AUD upside...
Sell EURSEK on Rallies – BNPP Research Team at BNP Paribas, suggests that following an upward revision to the Eurozone April manufacturing PMI, their economists see some upside risk to the final estimate of the services PMI initially reported at 53.2...
EUR/USD Recovers but Still Below 1.1500 Handle The EUR/USD pair has moved within striking distance of moving back above 1.1500 handle, recovering from day's through level of 1.1476 ahead of the Euro-zone service PMI data. The pair on Tuesday witnessed a sharp reversal from intraday peak of 1...
AUD/USD 2nd Trade Idea Overall AUD/USD bottoms 0.7004, 0.6920, 0.6918, 0.6855. Glenn Stevens a most talented and respected central banker in my estimation stated many times over the years in his complaints regarding AUD prices is he would like to see AUD/USD 0.6500 - 0...
EUR/USD Downside Appears Limited – Westpac Strategists at Westpac see the pair could struggle to drop further in the near term. Key Quotes “Sharp reversal off a critical resistance zone hints that a high may be in place for now”...
AUD/USD: Bulls Rescued by Stabilizing Oil, Regains 0.7500 The AUD/USD pair caught fresh bid-wave near 0.7470 region and swung back higher to 0.75 handle as a pause in the oil price sell-off underpins the sentiment. AUD/USD eyes on 0.7550 Currently, the AUD/USD pair advances 0...
USD Sell-Off Over? – Danske Bank Chief Analyst at Danske Bank Allan von Mehren believes the downside in the US Dollar could be almost over. Key Quotes “The sell-off in the DXY Index accelerated early on Tuesday, only to reverse later in the day”...
FxWirePro: AUD/USD Downside Pauses Above 38.2% Fib, Further Weakness on Breaks Below AUD/USD downside stalls just shy of 38.2% Fib of Jan to April rise at 0.7450, further downside can be seen only on breaks below...
FxWirePro: Gold Struggles to Close Above $1300, Good to Sell on Rallies Potential reversal Zone - $1303 (May 2nd high) Gold has once again broken major psychological resistance $1300 and jumped till $1301.70 yesterday...
US Treasury: Another Warning for Japan – Westpac Sean Callow, Research Analyst at Westpac, suggests that in the US Treasury’s semi-annual FX report to Congress, there is no formal designation of currency manipulation but a new “Monitoring List” has been brought in, with the inaugural members Chin...
USD/CAD Retreats from Highs, Back Near 1.2720 The upside momentum in the greenback seems to be taking a breather ahead of the European open today, with USD/CAD easing some ground to the 1.2720 area...
Oil: Bears Take a Breather, Steadies Before US Jobs, EIA Report After a sharp sell-off in the previous session, oil benchmarks on both sides of Atlantic look to stabilize on Wednesday as focus now shifts towards the key US ADP data and EIA inventory report...
EUR/GBP in Red Around 0.7900, UK Data Eyed EUR/GBP is snapping a 3-day positive streak on Wednesday, currently wobbling around the 0.7900 handle after testing highs near 0.7920 on Tuesday...
USD/CHF Ends 7-Day Losing Streak, Bounces to 0.9570 The bulls were offered much-needed respite from the broad based US dollar rebound, lifting the USD/CHF pair from multi-month troughs. USD/CHF heading towards 0.9600? Currently, the USD/CHF pair trades +0.24% higher at 0...
GBP/USD Back on the Bids Near 1.4550, UK PMI Eyed The GBP/USD pair brought a pause to its yesterday’s slide, now attempting a tepid-bounce towards daily highs as the US dollar recedes gains against its major rivals. GBP/USD: UK construction PMI in focus The GBP/USD pair trades +0.06% higher at 1...