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IMF Has Its Say – Investec Research Team at Investec, suggests that the IMF hit the headlines yesterday as it cut its 2016 global growth forecasts to 3.2% from 3.4%. Key Quotes “The IMF also said a UK exit from the EU could cause ‘severe regional and global damage’...
AUD/JPY Fails Once Again Near 84 Handle and Retreats The AUD/JPY cross traded volatile so far this session, although remains underpinned by the relentless rise in the USD/JPY pair amid risk-on trades at full steam. AUD/JPY fresh sellers queued up near 84 handle The AUD/JPY pair now advances +0...
Oil in Global Economy Series: Big Traders See Better Balanced Market in 2016 While global benchmark Brent crude reached new 2016 high yesterday, at $44.8/barrel (CFD), optimisms were plenty in Commodities Global Summit, organized by Financial Times...
FXWIREPRO: USD/ZAR Fails to Break Key Support at 14.64, Good to Buy on Dips Pair is currently trading around 14.76 marks. It made intraday high at 14.78 and low at 14.66 levels. Intraday bias remains bullish till the time pair holds key support level at 14.64 levels...
FXWIREPRO: GBP/USD Faces Major Intraday Support at 1.4180, Good to Buy at Dips Major Support – 1.4185 (200 day MA) Cable has recovered yesterday after making a low of 1.41965 (near 200 HMA) .It is currently trading around 1.42391. Intraday trend is slightly bullish as long as support 1.4185 holds...
USD/CAD Sell the Strength Into 1.2925 – Westpac According to strategists at Westpac, bullish attempts towards 1.2920 could be considered as selling opportunities. Key Quotes “Our USD/CAD stance has shifted 180 degrees”...
AUD/USD Focus Remains on 0.7725/50 – UOB The research team at UOB Group noted the relevance of the 0.7725/50 band in AUD/USD. Key Quotes “AUD touched a low of 0.7490 late last week and the subsequent up-move from the bottom has been more rapid and resilient than expected”...
Daily Analysis of Major Pairs for April 13, 2016 EUR/USD: This pair has been flat so far this week. The price has gone neither above the resistance line at 1.1450 nor below the support level at 1.1300. A breakout is imminent today or tomorrow, which will most probably favor the bulls...
Our automated trading system called "Moon", which also gives its name to our trading signal, arises from the need to find a valid operational tool that generates a steady return over time without jeopardizing the initial capital...
EUR/SEK Points to the Lower End of the Range – Danske Bank Chief Analyst at Danske Bank Jens Pedersen believes the cross could slip towards the lower band of the range in the next weeks. Key Quotes “EUR/SEK fell sharply on Tuesday following the higher-than-expected March inflation data”...
GBP/USD Bounces-Off 1.4200, Tracks Oil Price Recovery The GBP bulls found some support just ahead of 1.42 barrier, allowing a minor-recovery in GBP/USD in the last hour. GBP/USD supported at 1.4200 The GBP/USD pair trades -0.15% lower at 1.4236, bouncing-off fresh session lows posted at 1...
GBP/JPY Jumps Above Hourly 200-MA Offered tone around JPY strengthened amid risk-on in equities, pushing the GBP/JPY cross above hourly 200-MA level of 155.42. Rises for third consecutive day The cross is trading higher for the third consecutive day. JPY was overbought and thus due for correction...
Quotes of #USDJPY continue to drift within the area of the nearest resistance level – 109.09. A breakthrough of this level will give the bulls a chance to develop success. How to act in a case of the breakthrough? Find out more by checking out the Source Link...
EUR/USD Comes Lower to Test 1.1330 The selling mood around the euro is growing bigger during the European morning, taking EUR/USD to the area of 1.1330, or daily lows...
The lower boundary of the "descending triangle" in #USDCAD was broken, which led to the achievement of the nine-month low. Such a decisive blow of bears could not happen without support from the oil market. Find out more by checking out the Source Link...
Technical Analysis of EUR/JPY for April 13, 2016 General overview for 13/04/2016: The wave progression inside the triangle pattern looks completed as the wave e of the whole structure is fully developed. A downward breakout should happen soon...
Key Commentaries from Fed's Jeffery Lacker Last night speaking at North Carolina, Richmond FED president Jeffery Lacker said that he considers the expectations issued in December to be more appropriate pace for hikes than the ones issued in March...
Calculated levels today: Support (S1 / S2 / S3 = 1,1352 / 23 / 1.1278) and resistance (R1 / R2 / R3 = 1.1443 / 72 / 1.1518). Key resistance levels (1st from 1.1397 to 1.1392 late in the day, the 2nd of 1.1412 to 1.1404...
Technical Analysis of USDX for April 13, 2016 The Dollar index is showing signs of the trend reversal as price continues trading inside the downward sloping wedge. I prefer to be neutral or slightly bullish at current levels as the Dollar index is at the oversold levels...
