USD/JPY Focus is Now on 107.40 – UOB According to the research team at UOB Group, the pair has now shifted its focus to the 107.40 level. Key Quotes “The strong rebound from the low of 105.52 clearly indicates that a short-term bottom is in place...
GBP/JPY Breaks Through 155.00 Important Support The bears seem to regain control over the GBP/JPY pair as it drops back below 155.00 handle on weaker-than-expected UK construction PMI print. The pair is now headed towards the two week low level of 154.42 tested on Tuesday...
USD Weakness has Likely Overshot in the Near-term – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar has continued to rebound in the Asian trading after the dollar index hit its lowest level yesterday since January of last year...
USD Reversal Supported by the Comments from Fed Officials – Deutsche Bank Research Team at Deutsche Bank, suggests that some attributed yesterday’s reversal in the US Dollar off the lows to the comments from Fed officials yesterday...
AUD/USD Slides Further, Drops to Seven Week Low The AUD/USD pair built on to its Tuesday's sharp fall and erased its Asian session recovery to currently trade near day's low of 0.7460. On Tuesday, RBA unexpectedly lowered its key benchmark interest rates by 25bps to a new record low of 1.75...
USD/CAD Pushes Higher, Near 1.2780 The buying interest around the greenback remains unabated for the second session in a row, now sending USD/CAD to post daily highs near 1.2780...
FxWirePro Short Term Outlook: another 800 Pips Drop in Pound Likely Against Yen Since Bank of Japan (BOJ) decided to stay hold in its April meeting Yen has strengthened about 800 pips against Pound, however our calculation matrix suggests that run may not be over and Pound may drop another 800 pi...
Technical Analysis of USD/CAD for May 4, 2016 General overview for 04/05/2016: As it had been anticipated, yesterday the market made one more marginal wave down and then strongly rebounded to the upside in impulsive fashion...
Daily Analysis of Major Pairs for May 4, 2016 EUR/USD: This currency trading instrument hit the resistance line at 1.1600, and then get corrected lower. However, the Bullish Confirmation Pattern is valid in the market, providing that the price does not go below the support lines at 1.1400 and 1...
European Bonds Slump on Profit Booking, Likely to Gain on Weak Risk Appetite The European bonds slumped on Wednesday as investors booked profit after snapping 2-day rally driven by weak crude oil and global growth concern...
FTSE110 Struggles to Break Above 6200, Targets 6065/6005 Major resistance - 6200 (200 day MA) FTSE100 slightly recovered till 6211 yesterday after making a low of 6158...
EUR/USD Forms Shooting Star Pattern in Daily Chart, Targets 1.12750 Pattern Formed –Shooting Star Potential Reversal Zone – 1.1600 The pair has retreated after making a high of 1.16161 yesterday.It is currently trading around 1.14890. Short term trend is slightly bearish as long as resistance 1...
Gold Extends Slide Below $ 1280, US ADP Jobs Eyed The bearish pressure around the yellow metal aggravated during the European trading hours, pushing the prices further into the red territory below $ 1280 mark. Gold: Losing sight of 15-month tops? Currently, gold drops -0.62% to 1276...
What Factors Will Influence Gold Going Ahead? Gold this year has gained sharply after bottoming around $1050/troy ounce last year and from the bottom it has strengthen more than 20%, riding on varieties of factors ranging from weaker U.S...
GBP/USD Drops Further to Fresh Weekly Lows Near 1.4470 The bears tightened their grip on the pound in the last hour, knocking-off GBP/USD to fresh weekly lows further below 1.45 handle. GBP/USD down 1 big figure intraday The GBP/USD pair trades -0.43% lower near fresh 1-week lows of 1...
USD/JPY Deflates from Highs, Near 106.80 The Japanese yen is reclaiming some of the ground lost in early trade vs. the dollar, with USD/JPY coming back to trade below the 107.00 handle on Wednesday...
EUR/USD Remains Capped Below 1.1500, US ADP in Focus The EUR/USD pair is seen making minor-recovery attempts in the last hour, with the bulls striving hard to reclaim 1.15 barrier amid weaker Euro zone macro data as well as European equities. EUR/USD fades a downward knee-jerk to 1...
GBP/USD Could Re-test 1.4400 in the Near-term – UOB The research team at UOB Group suggested the likeliness of a visit to the 1.4400 area in the next 1-3 weeks. Key Quotes “GBP touched a high of 1.4770 before reversing abruptly and sharply to take out the stop-loss at 1.4540”...
4 Trading Setups with 83% Success probability Here is price target for this week according to Forecasted Price Index (FPI): EURJPY 121.36 CADJPY 85.37 CHFJPY 110.57...
