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FOMC Could Be a ‘Non-Event’ – UOB The research team at UOB Group does not expect noted the upcoming FOMC meeting to yield any significant outcome, focusing instead on the June meeting...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, April 22th USD/JPY pair popped higher from near daily low to hit fresh almost two-week tops in late Asia, after reports hit the wires that BOJ officials are said to discuss lending to banks at negative rate...
Pre-Requisite Reading: GLD, The Bullish Case for Gold On our yesterday's post regarding a possible short setup on the yellow metal, keeping in mind the long term overview of XAUUSD, we were expecting the upper line of the triangle to be respected...
WTI Erases Early Gains, Eyeing $43.00 Mark Earlier on Friday during Asian trade, WTI oil future gained momentum led by weakness in USD just to erase all of its early gains and is currently trading around $43.35 level...
EUR/USD Depressed Near 1.1270 The shared currency keeps the defensive fashion at the end of the week, now taking EUR/USD to the lower bound of the range in the 1...
GBP/USD Oscillates in a 40-Pips Range, Awaits Impetus The cable found fresh offers once again near higher levels and drifted lower thereon, with GBP/USD now heading back towards daily lows. GBP/USD fails once again near highs The GBP/USD pair trades 0.11% higher at 1...
FxWirePro: USD/CNY Hovers Around Key Resistance at 6.4910, a Break Above Targets 6.5182 Pair is currently supported above 6.49 marks and trading around 6.4920 levels. It made intraday high at 6.4937 and low at 6.4740 levels. Intraday bias remains neutral for the moment. A daily close below 6...
Bulls in #USDJPY seized the initiative, taking #quotes to the medium-term downtrend line. Currently it is tested, and #trend indicators record the presence of the short-term upward trend. Find out more by checking out the Source Link...
Mario #Draghi has done his work – yesterday it was a hot day for the #euro. #EURUSD have tested the support line of the medium-term upward trend, and, depending on the further dynamics we'll take further decisions. Find out more by checking out the Source Link...
EUR/JPY of Highs, Still Close to 125.00 The broad-based JPY weakness is now propelling EUR/JPY to test the 125.00 neighbourhood, challenging weekly tops at the same time. EUR/JPY up on BoJ easing talk After an ephemeral test levels just shy of the 125...
EUR/GBP Bearish Below 0.7992 – Commerzbank According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the European cross will keep its negative stance while below 0.7992. Key Quotes “EUR/GBP remains below the February high at .7927 and now tests the 55 day moving average at .7858”...
EUR/GBP Falls Out of Rising Channel, Support at 50-DMA EUR/GBP has fallen out of a 5-month rising channel and found support at the 50-day moving average and at the 23.6% Fibonacci level around 0.7850. This retracement level is of the upleg from 0.6981 to 0.8116. (November to April rise...
EUR/GBP Holding Above 0.7850 Mark, Upside Seems Limited Yesterday's Euro weakness was felt in EUR/GBP cross, which extended its downward trajectory earlier during Asian session before recovering to back on better-than-expected German flash manufacturing PMI reading...
FxWirePro: Banxico Ponders Over undervalued Mexican Peso &#150 Hedging Options Over MXN Appreciation Risks According to Banxico Governor Carstens thinks that the Mexican peso is undervalued and has room to appreciate...
FxWirePro: GBP/CAD Bounces Amid Bears Show at 1-Year Lows, Both Leading and Lagging Indicators Signal Robust Bear Trend Despite the handsome recoveries in GBP/CAD from last two days, nothing much has changed to the major trend which is vigorously bearish, the current prices have still remained we...
FxWirePro: Go Long on Usd/zar at 14.30 With Stop Loss at 14.16 and Target of 14.64 Pair is currently trading at 14.35 marks. It made intraday high at 14.36 and low at 14.25 levels. Intraday bias remains bullish till the time pair holds key support level at 14.16 levels. A sustained break below 14...
BTC/USD Hits Two Month High, Jump Till $480/$504 Is Possible BTC/USD breaks major resistance $448 and hits two month high yesterday. The pair has slightly retreated after making a high of $452...
FxWirePro: Swedish Krona Erases Previous Gain Against Euro, Upside Limited EUR/SEK is currently trading around 9.1926 levels. It made intraday high at 9.1944 and low at 9.1787 levels. Intraday bias remains neutral for the moment. A daily close above 9.2050 will test key resistances at 9.2630/9...
FxWirePro: EUR/JPY Gains on Broad Yen Weakness, Finds Major Resistance at 124.96 Yen weak across the board on the news that BOJ will discuss negative-rates with banks. EUR/JPY spiked almost 50-pips to hit session highs at 124.95, 124.96 is 50% Fib of 128.22 to 121...
