GBP/JPY Recovers but Still Down for the Week The pound is recovering across the board for the second day in a row and versus the yen continues to move off 2-week lows that reached on Thursday. GBP/JPY climbed recently to 161.77, reaching the highest level since Tuesday...
Dollar Slides Versus Most Majors Ahead Of Consumer Sentiment Index The University of Michigan is scheduled to release its preliminary consumer sentiment index for March at 10 am ET Friday. Economists expect the index to rise to 92.2 from 91...
Canadian Dollar Extends Rally After Strong Retail Sales Data The Canadian dollar extended its early advance against the other major currencies in European deals on Friday, as Canadian retail sales accelerated at a faster pace in January...
USD/JPY Extends Gains Ahead of Fed Speak The US dollar stays on a front foot against Japanese Yen, pushing USD/JPY higher to 11.60 levels ahead of speeches from Fed’s Rosengren and Dudley...
EUR/USD Attempts a Tepid Bounce to 1.1300 The single currency is trimming earlier losses vs. the dollar, now pushing EUR/USD back to the area of 1.1290/1.1300 ahead of US data...
GBP/USD Attempting Break Above 1.45 GBP/USD turned positive and is now attempting to break above 1.45 handle after BOE’s quarterly bulletin informed markets about UK economy’s resilience to China slowdown...
EUR/USD Dips Below 1.13 on ECB Praet’s comments EUR/USD dipped to a session low of 1.1279 levels after ECB’s chief economist assured markets that the central bank has not run out of ammo and could cut rates further. Trades below key Fibo The spot trades below 1.1293, which is the 23...
Antipodean Currencies Gain Amid Rising Risk Appetite Antipodean currencies such as the Australian and the New Zealand dollars strengthened against their major counterparts in the Asian session on Friday amid rising risk appetite following positive cues from Wall Street overnight and higher crude...
FXWIREPRO: NZD/USD Breaks Strong Resistance at 0.6850, Good to Go Long on Close Above, Target 0.6925
FXWIREPRO: NZD/USD Breaks Strong Resistance at 0.6850, Good to Go Long on Close Above, Target 0.6925 Broad based weakness in US Dollar and rising commodities buoying the Kiwi. The pair has broken strong resistance at 0.6850 on the day, but has pared some gains to currently trade at 0.6836 levels...
AUD/USD Bulls Hunting Down R1 for 0.77 Handle AUD/USD is currently making an addition run towards the 0.77 handle now in Asia as the greenback takes another beating. AUD/USD's price takes the RSI (14) 1hr to 67 and heads to R1 0.7717. The Yuan fix was at 6.4628 vs 6...
GBP/JPY: Bullish Move Stalled Around Hourly 200-MA The bullish momentum in the GBP/JPY cross appears to have run out of steam around hourly 200-MA located at 161.27 levels as Cable is struggling to break above 1.45 handle. Bid above 23.6% Fibo The pair ran into bids after it recovered above 159...
USD/CHF Falls to 2016 Lows Near 0.9650 The increasing selling pressure hitting the greenback has dragged USD/CHF to post fresh YTD lows in the mid-0.9600s so far...
EUR/GBP Hit Fresh Session Low, Nears 5-DMA The EUR/GBP cross hit a fresh session low of 0.7813 in the US session as Cable extended gains to 1.45 in an impulsive move, while the EUR/USD pair lagged. Offered above 0.79 The cross turned lower from the high of 0...
GBP/USD Struggles to Surpass 1.4500 The upside momentum around the sterling remains unabated today, although GBP/USD still can’t break above 1.4500 on a sustainable basis. GBP/USD bolstered by USD weakness Spot has advanced to fresh 4-week highs just above the 1...
US Dollar challenges lows near 94.70 The greenback, tracked by the US Dollar Index, remains under pressure today, currently testing the lower end of the range near 94.70...
EUR/USD Revisiting Daily Highs Above 1.13 Another wave of USD selling hit the markets, pushing the EUR/USD in the vicinity of the session high of 1.1342 set earlier today. Weak stocks support EUR The major US equity indices are trading in the red, which adds to the bullish tone around EUR...
GBP/USD Advances Above 1.4400 on BoE The buying interest remains solid around the British pound, with GBP/USD now flirting with session highs beyond 1.4400 the figure...
EUR/USD: Bullish Developments, Holds Firm at 1-Month High EUR/USD is consolidating gains around the 1.1220 vicinity, having jumped more than 1.5 cents from 1.1050/60 ahead of the FOMC decision, to print a 1-month high at 1...
AUD/NZD Back Above 1.12 Mark, Intraday Bias Remains Neutral Pair is currently trading around 1.1240 levels. Pair made intraday high at 1.1254 and low at 1.1160 marks. Pair remains volatile during the Asian session as both the countries have released key economic data...
