All Blogs
FXWIREPRO: NZD/CAD Faces Strong Resistance Around 0.9060, Good to Sell on Rallies Major resistance 0.9060 Major support -0.8920 (resistance turned into support) The pair has recovered after making a low of 0.8927. It is currently trading around 0.89914...
EUR/GBP Edging Higher, 0.7950 Next Target? EUR/GBP keeps its upside intact during the second half of the week, trading at shouting distance from the 0.7950 area, or earlier 1-year peaks...
There is No Basis for Continued Depreciation of the Yuan - Xinhua Xinhua News Agency reporting comments from China’s foreign ministry on the Yuan and country’s fiscal policy...
Chinese PMI Suite Hints at More of the Same GDP Growth - TDS Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, suggests that the PMI prints are really only as useful as their predictive power, and for China they remain frustratingly unreliable...
GBP/USD Supported by 23.6% Fibo ahead of UK data Risk-off in Asia weighed over GBP/USD but failed to push it through support at 1.4330 (23.6% of 1.5930-1.3835) levels...
US March NFP Likely to Print +200k Jobs - Nomura Research Team at Nomura, suggests that the slowdown in US jobs growth in January proved to be transitory as the pace of job gains picked up notably in February...
EUR/JPY Ends a 6-Day Rally, Near 127.60 The cross took a breather from its six-day rally and eased in the Asian on Friday, mainly driven by a strengthening yen across the board amid risk-off market profile. EUR/JPY off lows, regains 127.50 and beyond The EUR/JPY pair trades -0.36% lower at 127...
FXWIREPRO: Malaysian Ringgit Erases Previous Gain Against US Dollar, Good to Buy on Dips Pair is currently trading around 3.9033 marks. It made intraday high at 3.9058 and low at 3.8818 levels. Intraday bias remains bullish till the time pair holds key support at 3.8720...
FXWIREPRO: AUD/JPY Weak on Risk-Off, Slips Below Strong Trendline Support, Good to Sell Rallies AUD/JPY under heavy selling pressure in Asia, dented by risk-off across markets. Selling in the Nikkei 225 which was down over 3%, (adding pressure on Yen crosses). The pair printed a day low of 85...
Yen Rises Against Majors The Japanese yen strengthened against the other major currencies in the Asian session on Friday. The yen rose to a 4-day high of 160.64 against the pound and a 2-day high of 112.06 against the U.S. dollar, from yesterday's closing quotes of 161.60 and 112.55, respectively...
NZD/USD Struggles to Extend Beyond 0.6900 The NZD/USD pair is extending its struggle with 0.69 handle into late-Asian/ early European trades, as the auspicious China PMI reports failed to provide a lift to the sentiment around the bird. NZD/USD recovers from 0...
RBA on Hold; Unchanged Rhetoric on AUD – Westpac Bill Evans, Chief Economist at Westpac, suggests that the Australia’s Reserve Bank Board meets next week on April 5 and they expect that the Board will decide to hold rates steady...
USD: Evidence of FX Reserves Rebalancing – Nomura Research Team at Nomura, suggests that the FX reserves rebalancing may explain some of the weakness in USD...
EUR/USD Looking for a Retest of 1.1400 Amid Risk-Aversion The overnight corrective slide in EUR/USD found some support near 1.1365 region, with the prices now making fresh attempts to conquer 1.14 handle once again...
AUD: Flying too High? – Westpac Robert Rennie, Research Analyst at Westpac, suggests that after rising about 5% against the US dollar over the past month, the Aussie will surely be a hotter topic at the RBA Board’s meeting on Tuesday than it has been for quite some time...
CAD: Canadian Growth Surprises - Nomura Charles St-Arnaud, Research Analyst at Nomura, suggests that a recovery in the manufacturing sector and in most sectors has pushed the Canadian growth higher. Key Quotes “Monthly GDP increased by 0...
Oil Price Forecasts Raised for the 1st time in 10 months – Reuters poll The latest Reuters poll result showed that the economists and oil analysts raised the average oil price forecasts for 2016 for the first time in 10 months, although with a cautious tone...
Oil Eases in Asia, Brent Flirts with $ 40 Oil benchmarks on both sides of Atlantic resumed their broader downtrend after a brief stint to the upside seen on Thursday, as a stronger US dollar weighed on the black gold...
AUD/USD Finds Fresh Bids at 0.7650, Re-takes 0.7700? The selling pressure behind the AUD gained further traction over the last hour, sending AUD/USD lower to the half-way point on 76 handle, before the bulls were rescued by China data...
