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Why Should Oil Bulls be Cautious? Production drop in United States to 8.8 million barrels/day, close to 1.8 million per day production drop in Canada due to wildfire and outages in countries like Libya, Nigeria is fuelling the rise in oil prices. WTI is currently trading at $48...
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...
Summary : Target Level : 0.7423 Target Period : 3 days Analysis : Falling Wedge has broken through the resistance line at 17-May-04:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 0.742...
Ahead we have UK CPI from which could be a major mover with US CPI later in the NY session. EURGBP long was stopped out on pound strength along with the recent Brexit poll that showed 55% to stay versus 40% to leave...
The dollar weakened Monday against the euro and a host of other rivals after Federal Reserve data showed a decline in New York-area manufacturing activity. The euro EURUSD, +0.1945% rose to $1.1331 in recent trade, up from $1...
Australian Bonds Slump on Firm Risk Sentiments The Australian government bonds slumped Tuesday on tracking overnight rally in crude oil prices and equities market...
Home Prices in Canada Likely to Climb at a Double-Digit Pace in 2016 In April, Canada’s existing home sales was up 3.1%, reaching the highest level for the April month. The sales-to-listings ratio climbed to 64.5. The average existing home price grew 13.2% y/y...
#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...
Australia Weekly Consumer Confidence Ticks Up, Sharp Views on Economic Outlook Supports Australia weekly consumer confidence for the week ending May 15 ticked higher for the third straight week, remaining well above its long run average, highly driven by sharp consumer views on the outlook of the...
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...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risks associated. Data released so far – Australia – New motor vehicle sales declined -2.5% in April, still up 2.4% from a year back. New Zealand – RBNZ inflation expectations came at 1...
US Home Sales and Construction Activity to Continue Growing, Existing Homes Sales Likely Improved in April The US NAHB Market Index in May stayed at 58 for the fourth straight time. Consensus forecast was for a slight increase to 59...
RBA Rate Cut a Close Call, Highlights Board Meeting Minutes The Reserve Bank of Australia minutes of the Board meeting highlighted that the decision of the central bank to ease interest rates is a close call...
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...
