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EUR/GBP: Forming a Probable H&S - SocGen Research Team at Societe Generale, suggests that the EUR/GBP embarked on a steady uptrend after testing key support at 0.70/0.68 and achieved upper bound of a multiyear descending channel at 0.81/0.8150...
JPY: Verbal Intervention Continues, Ahead of G7 Meetings - Nomura Yujiro Goto, Research Analyst at Nomura, notes that the USD/JPY has been recovering after breaching 106 last Tuesday, without clear catalysts...
NZD/USD Supported Around 0.6800, 50-DMA Eyed Following the release of RBNZ financial stability report (FSR), the NZD/USD pair continues to consolidate the upside around 0.68 handle against the back drop of falling oil prices. NZD/USD finds stiff resistance around 0...
Gold Firmer, Re-takes $ 1270 Amid USD Weakness The yellow metal extends its recovery mode into a second straight session this Wednesday, benefiting from a sudden bout of risk-aversion seen across the markets over the last hour. Gold eyes 5-DMA at $ 1272.48 Currently, gold trades +0...
Asia Turns Risk-Averse, Tracks China Stocks Lower A major turnaround in the risk conditions after a negative Chinese open, weighed dramatically on rest of Asia, with the yen bulls back in form amid deteriorating risk sentiment...
EUR/JPY Meets Fresh Supply Post-China Open, Gives Up 124 The EUR/JPY cross retreated sharply from weekly tops and now trades below 124 handle, as a sudden change in risk conditions after negative start to the Chinese equities, bolstered the safe-haven flows for the yen...
FxWirePro: ASX200 Retreats After Making a High of 5430, Good Ot Buy at Dip Major resistance - 5380 Major Support - 5200 ASX200 pares early gains today morning after making breaking a major resistance of 5380 and jumped till 5430 at the time of writing.It is currently trading at 5386...
FxWirePro: Kiwi Gains As RBNZ Announces New Policy on Property Market AUD/NZD is trading around 1.0806 marks. Pair made intraday high at 1.0886 and low at 1.0797 marks. The RBNZ on Wednesday said it will consider more steps to help New Zealand's overheated property market...
FxWirePro: Nikkei225 Faces Strong Resistance at 17000, Good to Sell on Rallies Major resistance - 17000 (100 day EMA) Major support - 16350 (10 day EMA) Nikkei index has recovered strongly yesterday on account of weaker yen .The index has made a high of 16795 and closed at 16775...
FxWirePro: USD/KRW Remains Well supported Above 1162, Good to Buy on Dips USD/KRW is currently trading around 1167 levels. Intraday bias remains bullish for the moment. A daily close above 1168 will drag the parity up towards key resistances at 1176/1180/1193/1211 marks...
USD/JPY: Loss of 109.00 Accelerates Downside USD/JPY has broken bellow the 109.00 round number at the open of trading in China, with an acceleration towards 108.80 seen afterwards, as risk sentiment worsens...
AUD/USD Fades a Spike to 0.7190, Despite Risk-on The AUD/USD pair took-out Tuesday’s high, although failed to sustain at higher levels and drifted lower over the last hour. AUD/USD back below hourly 100-SMA at 0.7387 Currently, the AUD/USD pair rises 0.12% to 0...
AUD/USD: Better Bid on Oversold Readings - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that AUD/USD pair bounced modestly overnight from a fresh 2-month low of 0...
USD/JPY: Bears Testing Bulls Commitments on 109 Handle USD/JPY is currently on the offer in a better start in Tokyo than previous sessions following gains on Wall Street in a better risk profile given the recovery in commodity sectors...
EUR/USD to Breakout to Downside? - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that from a technical point of view, the pair is on a brink of a downward breakout, barely holding around the 61.8% retracement of its latest daily bullish run at 1.1370...
GBP/USD: Risks Mounted to the Downside Below 1.4370 - FXStreet Valeria Bednarik, chief analyst at FXStreet noted the technical conditions surrounding GBP/USD...
Action in the Antipodeans, Risk Recovery - Westpac Analysts at Westpac offered all the action surrounding the antipodeans. Key Quotes: "The improved global mood was clear in AUD being the strongest currency over 24 hours, JPY the weakest. AUD/USD rose from 0.7323 to as high as 0...
EUR/USD: A weekly topping candle encourages our bearish view. A move below our initial targets near 1.1360 would signal lower towards 1.1300 and then the 1.1215 range lows. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
