EUR/USD Bearish, Eyes 1.1215 – UOB Analysts at UOB Group have turned bearish on EUR/USD, expecting a visit of 1.1215 in the near term. Key Quotes “We turned bearish EUR yesterday but highlighted that the downside potential is likely limited to 1.1215”...
EUR/USD Still Faces Downside Risks – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the likeliness of the pair to resume its downside. Key Quotes “EUR/USD has sold off towards and is seeing a small rebound from the 1.1279 55 day ma”...
It seems that patience of the bulls in #GPBUSD wore out, as they show serious intentions to leave the familiar area 1.4350-1.4500. Based on the current dynamics and the overall technical picture, there is a possibility of an uptrend resumption. Find out more by checking out the Source Link...
It is a serious obstacle on the way of bulls in #USDJPY. At the same time, it can be passed today, given a significant activity in the last few hours. Today's U.S. statistics may have a decisive influence on the future dynamics of the pair. Find out more by checking out the Source Link...
#AUDUSD soared after the Reserve Bank of Australia's meeting minutes, as they showed less "dovish" sentiment than the market expected. There is also another factor supporting the #Aussie. Find out more by checking out the Source Link...
FxWirePro: Pound Likely to Drop 500 Pips Against Yen, If It Fails to Clear 159 - Trade Idea Pound is likely to face the fury of fear, surrounding Brexit, as the referendum closes in. There isn’t much economic data or news that bulls can chew to keep up...
FxWirePro: Gold Faces Strong Support at $1270, Good to Buy at Dips Major support - $1270 (10 day EMA) The yellow metal has once again retreated after making a high of $1288...
Hello Friends, Let’s see today’s trading idea: ( You can open position instantly or can place pending): Gold sell 1276 sl 1291 tp 1262 EurUsd sell 1.1315 sl 1.1365 tp 1.1220 EurAud sell 1.5405 sl 1.5465 tp 1.5300...
FxWirePro: NZD/USD Deflates from 0.6840 Levels on RBNZ Inflation Expectations NZD/USD sold-off following the release of New Zealand’s RBNZ Q2 inflation expectations gauge. Kiwi bulls unimpressed by a slightly better RBNZ Q2 2-year inflation expectations reading, coming in at 1.64% versus 1...
FxWirePro: Go Long on XAG/USD at $17.22 With Stop Loss at $17.09 and Target of $17.46 XAG/USD is currently trading around $17.24 marks. It made intraday high at $17.25 and low at $17.08 levels. Intraday bias remains bullish till the time pair holds key support at $17.09 marks...
FxWirePro: EUR/AUD Supported Above Daily Cloud, Weakness Only on Break Below EUR/AUD saw sharp downside as Aussie buoyed post RBA minutes which saw markets push out rate cut bets. The pair saw steep slump from 1.5537 levels to hit session lows at 1...
FxWirePro: AUD/JPY Struggles to Hold Gains Above the 80 Handle, Bias Higher AUD/JPY has re-taken the 80.00 handle post RBA minutes which showed that the members were not so dovish at the May 3rd meeting...
Asian Markets Mix, Gold Back Above $1280 Major Asian indices are trading on a mix note on Tuesday morning. On the other side, Japanese Yen hovers around 109.00 marks against US dollar and Gold gains in early and trading back around $1280. Japan's Nikkei 225 index rallied 0.90% to 16,615.47 points...
EUR/USD Keeps Range Below 5-DMA ahead of EZ Data Having faced rejection at 5-DMA, the EUR/USD pair turned slightly lower and now consolidates in a slim range above 1.1310 region. EUR/USD awaits fresh impetus from EZ, US data Currently, EUR/USD trades modestly flat at 1...
USD/JPY Struggles with 109 Handle as Nikkei Pares Gains The USD/JPY pair is seen wavering below 109 handle since mid-Asia, unable to regain the last as persisting risk sentiment appears to taking a beating amid mixed Asian markets...
Short AUD/NZD: A Kiwi Can Fly above a Kangaroo – Nomura Research Team at Nomura, suggests that while there is already a cut priced into the AUD curve for the October meeting, and 1.8 cuts priced into to May of next year, this is not aggressive enough in our view...
NZD/USD Sold-Off Near 50-DMA on RBNZ Inflation Expectations The ongoing bullish momentum in the NZD/USD pair met fresh supply near 50-DMA at 0.6844, following the release of New Zealand’s RBNZ Q2 inflation expectations gauge. NZD/USD deflates from 0...
EURUSD Daily Forecast: May 17 2016 EURUSD Forecast The EURUSD was indecisive yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.1200. Immediate resistance remains around 1.1350...
GBPUSD Daily Forecast: May 17 2016 GBPUSD Forecast The GBPUSD had a bullish momentum yesterday topped at 1.4414 and hit 1.4493 earlier today. The bias is bullish in nearest term testing 1.4530 region. Immediate support is seen around 1.4450 area...
