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Bulls in #EURUSD prefered to fix the results after the channel line of the upward trend has been reached . It is recommended to be prepared for entry into long positions on a breakthrough of the yesterday's high. Find out more by checking out the Source Link...
Kiwi Strength Takes Toll on Commodities Exporters According to research firm ANZ, its commodity index declined -0.8% in April, down -16.8% from a year ago. Dairy items were particularly weak in April, with prices of butter, Cheese and Casein declining -5.1%, -1.1% and -5.9% respectively...
USD/CAD: Sell the Upticks to 1.29/1.30 – Westpac Strategists at Westpac have recommended selling the pair on strength into the 1.29/1.30 band. Key Quotes “Near term outlook more neutral but a better seller into 1.29-1.30 if seen”...
USD/CAD Eyeing 1.2750 for Further Recovery The USD/CAD pair seems to build on to its' Tuesday's recovery gains and is now comfortably trading above 1.2700 round figure mark at 1.2730 level. Weakness in crude oil prices helped the USD/CAD pair to stage a sharp recovery from Tuesday's low of 1...
EUR/USD: Top in Place? – UOB Following yesterday’s upside in the pair, analysts at UOB Group believe a short-term top could be in place. Key Quotes “While the 1.1600 target indicated yesterday was exceeded with a high of 1...
GBP/USD Breaks Below 1.4500 on PMI The sterling is now moving into the red territory against the dollar, sending GBP/USD back to sub-1.4500 levels. GBP/USD weaker after poor PMI The pair has broken below the 1...
EUR/GBP Climbs Further Towards 0.7950 on UK PMI A renewed bout of selling pressure hit the GBP after the UK construction PMI came in worse-than expected in April, driving EUR/GBP further into the positive territory towards 0.7950 levels...
Pennant has broken through the resistance line at 04-May-00:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 157.172. Resistance Levels : ( B ) 156.11Last resistance turning point of Pennant. Support Levels A ) 154.39Last support turning point of Pennant...
EUR/GBP Clocks Fresh 2-Week Highs on EZ PMIs The cross in the EUR/GBP ran through fresh bids just below 0.79 handle in the last hour, and now extends higher to fresh two-week highs following the release of Euro zone final services PMI reports...
Crude Oil Could Reach $50.00 by Year-End – Rabobank Strategist at Rabobank Christian Lawrence sees crude oil prices testing the psychological $50.00 handle toward end of 2016...
GBP/JPY Holds 155.00 Support Ahead of UK PMI The GBP/JPY pair eased from its Asian session peak of 156.15 but has been able to hold its neck just above 155.00 handle ahead of the UK construction PMI release, due for release in a short while from now...
EUR/USD Wobbles Near 1.15 Post-PMIs The single currency is marginally lower vs. its American counterpart on Wednesday, with EUR/USD gyrating around the 1.1500 barrier...
FxWirePro: US Oil Faces Strong Resistance at $44.50, Good to Sell on Rallies Major intraday resistance - $44.50 (200 day HMA) Major support- $43 US Oil has recovered after making a low of $43.30. It is trading around $43.75. The commodity has broken minor resistance $43...
Technical Analysis of Silver for May 04, 2016 Technical outlook and chart setups: Silver is trading lower at $17.25 levels at this moment, after printing highs at $18.00 levels earlier...
Technical Analysis of Gold for May 04, 2016 Technical outlook and chart setups: Gold is seen to be trading lower for the day at $1,280.00/81.00 levels, looking to rally one last time through $1,307.00/10.00 levels before reversing lower...
Technical Analysis of USD/CHF for May 04, 2016 USD/CHF is expected to trade with a bearish bias as the key resistance is at 0.9605. The pair has posted some bounces and is currently challenging its nearest resistance at 0.9605...
Technical Analysis of NZD/USD for May 04, 2016 NZD/USD is expected to trade in a lower range as the key resistance is at 0.6945. The pair remains under pressure below its horizontal resistance at 0.6945. The relative strength index stays below its neutrality area at 50 and lacks upward momentum...
Technical Analysis of GBP/JPY for May 04, 2016 GBP/JPY is expected to trade in a lower range. The pair failed to post a sustainable rebound after its 2% plunge triggered by the Australian central bank's surprise move to cut interest rates by 25 basis points...
Dollar’s Slide Interrupted - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the dollar’s slide was interrupted yesterday as angst about the global economy overtook relative real yield trends as the dominant driver...
