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US Dollar Drops to Lows Near 92.80 The greenback, tracked by the US Dollar Index, remains depressed today, currently testing the area of 92.80, or daily lows...

Chart:http://bi0l.blogspot.com/2016/05/eurusd-intraday-forecast-technical-side.html Calculated levels today: Support (S1 / S2 / S3 = 1,1378 / 52/10), resistance (R1 / R2 / R3 = 1.1461 / 87 / 1.1528). Key support levels (1st from 1.1327 to 1.1410 late in the day, the 2nd of 1.1319 to 1.1364...

AUD/USD: Upside Gathers Pace Ahead of RBA, 0.7670 Eyed The AUD/USD pair once again found fresh bids near 0.7595 region and bounced back higher above 0.76 handle, now flirting with highs around 0.7630. AUD/USD: RBA, economic releases in focus Currently, the AUD/USD pair advances 0...

USD/CHF Rejected from 0.9600 Handle, Turns Negative The USD/CHF pair got rejected from 0.9600 handle and erased all of its early Monday gains to drift back into negative territory and trade near day's through...

USD Remains on its Backfoot on a Cautious Fed - TDS Research Team at TDS, suggests that the US economic backdrop has softened in recent months, and the weakening in consumer spending momentum suggests that underlying domestic fundamentals have deteriorated...

FxWirePro: CHF/JPY Faces Strong Resistance at 111.65, Good to Sell on Rallies Major support – 111.50 The pair has broken major support 111.50 previous week and declined till 110.77. It is currently trading around 111.02. Short term trend is bearish as long as resistance 111.65 (200 W MA) holds...

EUR/GBP Could be Eyeing to Surpass 0.7900 Level The EUR/GBP pair spiked to day’s high of 0.7862 as bulls continues to lift the EUR/USD pair higher to fresh 2016 highs. The Euro's relative out performance continues to boost the pair further above 0...

USD/CAD: 1.30 Not Ruled Out – Rabobank According to Jane Foley, Senior FX Strategist at Rabobank, the pair could re-test the psychological key at 1.30 later in the year. Key Quotes “Canada’s March employment report brought a greater than expected 40.6K rise in jobs...

Daily economic digest from Forex.ee Stay informed of the key economic events Monday, May 02nd GBP/USD is regaining its bid tone and keeps its range-trade intact above 1.46 handle since mid-Asia...

EUR/USD Eyes 1.15 As Dollar Plummets The selling pressure is not giving up on the greenback, now helping EUR/USD to clinch fresh 2016 tops near 1.15 the figure. EUR/USD attention to Draghi, US data The pair is extending last week’s firm tone and trading closer to the critical barrier around the 1...

USD/JPY Rejected Once Again Near 106.70, Revisits 106.30 USD/JPY’s recovery from multi-month lows once again met supply near 106.70 region, knocking-off the major sharply lower towards session lows. USD/JPY heading towards 18-month lows...

GBP/USD Further Gains Seen Above 1.4664 – Commerzbank Axel Rudolph, Senior Technical Analyst at Commerzbank, argued the pair needs to close above 1.4664 in order to allow further upside. Key Quotes “GBP/USD is pushing hard into the 1.4664 February high which is tough overhead resistance...

GBP/USD Fades a Spike to 1.4640, US PMI in Focus The GBP/USD pair is seen wavering back and forth in 40-pips narrow range, with no fresh fundamental triggers as the UK markets remain closed on account of a public holiday. GBP/USD eyes UK PMIs this week The GBP/USD pair trades +0.09% higher at 1...

Chart:http://bi0l.blogspot.com/2016/05/xauusd-intraday-forecast-technical-side.html Calculated level for today: Support (S1 / S2 / S3 = 1272,65 / 1265,19 / 1253,12), resistance (R1 / R2 / R3 = 1296,79 / 1304,25 / 1316,32). Key support levels (1st from 1255.98 to 1282...

If we have a look at the Weekly chart, we will clearly note an impulsive wave up which started in 2012 and topped in 2015. What followed right after the top was established is a pullback which erased more than 50% of the rally...

Chart: http://bi0l.blogspot.com/2016/05/brent-intraday-forecast-technical-side.html Calculated level for today: Support (S1 / S2 / S3 = 46,88 / 46,52 / 45,94), resistance (R1 / R2 / R3 = 48,03 / 48,39 / 48,96). Key level (1st from 45.85 to 46.83 at the end of the day, the 2nd of 46.77 to 47.53...

FxWirePro: Load Up Weights in Longs of NZD/JPY Put Ladder As IVs Accelerate in Swift Pace On data front, we have the NZ Q1 labour data on Wednesday. The previous quarter’s unusually large drop in unemployment (6.0% to 5.3%) is at risk of partially correcting...

Can Oil Tolerate Iranian Barrels Hitting Markets? Oil price surged more than 20% in April and more than 70% since its bottom in January, but now bulls are facing critical challenge in pushing prices higher...

FxWirePro: NZD/JPY Option Sensitivity Tool in Sync With Technicals - Wise to Choose OTM Strikes in Speculating NZDJPY OTC observations: From the sensitivity table, it is empathized that the rising vols of OTM strikes are increasing up with progressive numbers, While, higher probability numbers of...

EUR/CHF Risks Grinding Lower – Rabobank Jane Foley, Senior FX Strategist at Rabobank, believes the cross could slip toward lower levels in the next periods. Key Quotes “15 months after being forced to walk away from its EUR/CHF 1...