USD/JPY Recovery Stalls at 109.50 Amid Broad USD Weakness Fresh offers emerged at 109.50 levels in the last hour, capping the recovery in the USD/JPY pair from ahead of hourly 100-SMA as the US dollar corrected lower across the board...
Oil Rebounds, Set for Third Straight Weekly Rise Oil benchmarks on both sides of Atlantic resumed its upward trajectory on Friday, reversing a temporary slide seen the day earlier and remain poised to book third straight week of gains...
Asian Stocks Attempt Recovery Amid Higher Commodities The Asian stocks dropped this Friday, after three consecutive sessions of gains, tracking losses from the Wall Street overnight...
EURUSD Daily Forecast: April 22 2016 EURUSD Forecast The EURUSD attempted to push higher yesterday topped at 1.1397 but whipsawed to the downside and closed lower at 1.1286. The bias is bearish in nearest term testing H4 EMA 200 located around 1.1250 as you can see on my H4 chart below...
GBPUSD Daily Forecast: April 22 2016 GBPUSD Forecast The GBPUSD attempted to push higher yesterday topped at 1.4440 but whipsawed to the downside and closed lower at 1.4320. The bias is bearish in nearest term testing 1.4240 region. Key resistance remains between 1.4400 – 1...
USDJPY Daily Forecast: April 22 2016 USDJPY Forecast The USDJPY didn’t make significant movement yesterday. The bias is neutral in nearest term. The major bearish scenario remains valid but price is in a bullish correction/consolidation phase since found support at 107...
USDCHF Daily Forecast: April 22 2016 USDCHF Forecast The USDCHF attempted to push lower yesterday bottomed at 0.9647 but whipsawed to the upside and closed higher at 0.9750. The bias is bullish in nearest term testing 0.9800 before targeting 0.9900. Immediate support is seen around 0.9715 – 0...
The Australian dollar is up nearly 10 cents in the past two months as commodity prices and risk sentiment improved. But today after touching a fresh 9-month high of 0.7836 the pair almost immediately reversed and sank to 0.7733. That could be a topping sign but first, let's look at the chart...
Pivot Points Hourly Last Updated: Apr 22, 12:04 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.12719 1.1279 1.12823 1.12861 1.12894 1.12932 1.13003 USD/JPY 109.288 109.374 109.407 109.46 109.493 109.546 109.632 GBP/USD 1.42986 1.43103 1.43152 1.4322 1.43269 1.43337 1.43454 USD/CHF 0.97338 0...
Pivot Points Daily Last Updated: Apr 22, 12:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11278 1.12256 1.12598 1.13234 1.13576 1.14212 1.1519 USD/JPY 107.246 108.364 109.095 109.482 110.213 110.6 111.718 GBP/USD 1.41892 1.42718 1.42995 1.43544 1.43821 1.4437 1.45196 USD/CHF 0.9423 0.95533 0...
Firms responding to the Manufacturing Business Outlook Survey reported no improvement in business conditions this month. The indicator for general activity, which rose sharply in March, fell to a slightly negative reading in April...
The euro spiked against the dollar Thursday after the European Central Bank opted to leave interest rates unchanged, holding on to those gains as President Mario Draghi started his news conference. While its initial reaction to the news was muted, the euro quickly spiked EURUSD, +0...
EUR/USD Rejected at Stiff Resistance Zone After ECB ECB rate decision and Draghi’s press conference was a dud as expected. EUR/USD was on the rise ahead of the rate decision and extended gains to near 1.14 levels during Draghi’s presser...
Forget EUR/USD, Focus on EUR/CAD Not a lot was expected to come out of today’s ECB meeting and press conference, and so it proved...
USD/JPY: Flows Supporting Bearish Outlook - BTMU Market expectations for extra monetary easing by the BoJ have been growing in the past few days...
World Trade Up but Not Gaining Traction Yet - ING Raoul Leering, head of international trade research at ING Bank explained that after a contraction of world trade by 1.1% in January (initial figure: -0.4%), the volume of trade bounced back in February with a growth of 1.1% MoM...
USD/CHF Bounces Back Above 0.9700 USD/CHF dropped sharply during Draghi’s press conference but only to erase losses a few minutes after if finished. The pair dropped from 0.9710 bottomed at 0.9646. Then it jumped almost a hundred pips, reaching at 0.9746, the highest level since March 29...
ECB: No Appetite for More Stimulus, but Forced to Leave Door Open - Rabobank According to analysts from Rabobank, the European Central Bank showed confidence in its policy measures and the Governing Council has no strong appetite to ramp up policy in the foreseeable future...
