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EUR/JPY Stays Below 123 Despite Upward Revision of Eurozone Inflation Upward revision of Eurozone HICP inflation has failed to strengthen the bid tone around EUR, leaving the EUR/JPY cross below 123.00 handle. Supported by 122.72 Cross fell to a low of 122.72 before recovering to just above 123...
EUR/GBP fails once again near 0.7970 Post-CPI The bulls were left unimpressed by the upward revision to the Eurozone CPI estimates, sending EUR/GBP lower towards the mid-point of 0.79 handle. EUR/GBP capped below 5-DMA Currently, the EUR/GBP pair trades 0.28% higher at 0...
EUR/USD Keeps the Red on EMU’s CPI EUR/USD remained unchanged following the final CPI figures in the euro area for the month of March, currently navigating the 1.1270 area. EUR/USD now looks to US CPI Spot is attempting a rebound from earlier lows in the 1...
Pennant identified at 13-Apr-12:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 112.86 within the next 2 days. Supporting Indicators : Downward sloping Moving Average Resistance Levels : ( B ) 113...
FxWirePro: Safe Bet on EUR/JPY Negative Risk Reversals - Better to Deploy OTM Shorts in Bear Option Combinations Please observe in the above nutshell how delta risk reversal numbers are inching higher into negative values gradually in a long run (flashing at negative 1.35 for 1 month expiries...
IMF Sounds More Warnings - ANZ Research Team at ANZ, suggests that last night, the IMF’s semi-annual Fiscal Monitor warned that fiscal deficits in emerging economies are projected to be higher this year than they were during the GFC...
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...
JPY: Real Exports Expected to Rise Slightly - Nomura Research Team at Nomura, suggests that Japanese real exports are expected to rise slightly in March while they are anticipating weakness in both exports and imports in Jan-Mar...
EUR/USD Drops to 23.6% Fibo Support EUR/USD pair continues to lose ground amid broad based USD strength, now trading just below 1.1241 (23.6% of 1.0517-1.1465). Stocks open mixed, EUR remains weak European stock markets have opened on a flat note, with UK’s FTSE trading lower by 0...
Technical Analysis of USD/CAD for April 14, 2016 General overview for 14/04/2016: The wave (b) blue of the internal corrective cycle might be about to complete as the first projected target level has been hit. The current corrective sub-wave (b) target is the yellow rectangle area...
Technical Analysis of EUR/JPY for April 14, 2016 General overview for 14/04/2016: The downward breakout wasn't strong enough to violate the important intraday level of 122.81, but there is still a chance the bears will do it later...
Technical Analysis of Silver for April 14, 2016 Technical outlook and chart setups: Silver is still seen to be holding well above $16.00 levels and might be looking to push through $16.40 levels before producing a meaningful retracement. The metal rallied past $16...
Technical Analysis of Gold for April 14, 2016 Technical outlook and chart setups: Gold formed a bearish evening star candlestick pattern on the daily chart yesterday and continues to print lower lows today. The metal is trading at $1,232.00/33.00 levels at the moment and is expected to hit $1,140...
China: Growing Foreign Investment with Changed Targets - NAB Gerard Burg, Senior Economist at NAB, notes that the pattern of foreign investment is changing, with China targeting different countries and sectors than in the initial wave that commenced in the mid-2000s...
Elliott Wave Analysis of EUR/NZD for April 14 - 2016 Wave summary: Important support at 1.6229 has protected the downside nicely and the strong rally from the 1.6242 low does indicate that a firm low is in place. That also keeps our long-term count intact calling for a rally to 1...
Elliott Wave Analysis of EUR/JPY for April 14 - 2016 Wave summary: No change in view here. We continue to look for a downside thrust out of the triangle for a decline towards 120.98 to end red wave iii and set the stage for a correction rally in red wave iv to the 123.55 - 123...
FxWirePro: AUD/CAD Breaks Strong Resistance at 0.9825, Good to Buy Dips AUD/CAD has broken strong trendline resistance at 0.9825, momentum is bullish. Better-than-expected Australian employment figures support upside in the Aussie...
SEK Stronger Ahead of Riksbank – Danske Bank Jens Sorensen, Chief Analyst at Danske Bank, sees the SEK picking up pace in light of the Riksbank meeting next week. Key Quotes “Yesterday EUR/SEK tested lower levels ahead of the low from 30 December and support level at 9.1220”...
Doha Output Freeze Deal at Coin-Flip Levels – Bloomberg Survey According to the latest Bloomberg survey, oil markets see a 50-50 chance that Russia, Saudi Arabia and other major producers will agree to freeze output in Doha on April 17...
