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USDJPY Daily Forecast: May 12 2016 USDJPY Forecast The USDJPY had a bearish momentum yesterday and hit 108.22 earlier today. The bias is bearish in nearest term but as long as stay inside the bullish channel and above 107...

USDCHF Daily Forecast: May 12 2016 USDCHF Forecast The USDCHF failed to continue its bullish momentum yesterday bottomed at 0.9698. The bias is bearish in nearest term testing 0.9650. Immediate resistance is seen around 0.9750...

GBP/USD Finds Resistance Ahead of 1.4500 GBP/USD rose more than 100 pips throughout the day and reached a 5-day high, but lost momentum a few pips ahead of the 1.45 mark. GBP/USD peaked at 1.4487, its highest level this week but stalled ahead of the 1.4500 level and the 10-day SMA (1...

NZD/USD Rises Further Toward 0.6850 NZD/USD rose further during the American session amid a weak US dollar across the board. The pair extend gains and printed a fresh high at 0.6845...

EUR/USD Rises Further to Fresh Weekly Highs EUR/USD extended gains above the 10-day SMA and scored fresh highs as the euro benefited by the negative sentiment in financial markets while the dollar is going through a corrective phase following sharp gains earlier this week...

Brazil: USD/BRL Forecast Lowered with New Political Scenario - Deutsche Bank Jose Faria, Economist at Deutsche Bank, explained that they lowered USD/BRL year-end forecast from 3.70 to 4...

FxWirePro: USD/CAD Dips Below Lower Range, Bearish Bias Increases USD/CAD has declined sharply in the US session, as the pair was weighted down by a strong rally in oil prices after data showed crude oil inventories at end of May 6 week were 540 million barrels, a 3...

USD/CAD Hits Fresh Weekly Lows as CAD Tracks Oil Gains USD/CAD fell sharply to fresh weekly lows dragged down but a stronger Canadian dollar, which benefited by an unexpected drop in US oil inventories. According to the Energy Information Administration, US crude oil inventories fell by -3...

US: Slower Start, Less Rate Hikes - Wells Fargo The new outlook for the US economy, pushed analysts from Wells Fargo to scale back on their expectations about the timing of the Federal Reserve rate hikes...

FxWirePro: AUD/USD Intraday Upside Momentum Strong After Oil Prices Rally The AUD/USD inched higher on Wednesday, as commodity currencies strengthened across the board after oil prices rose sharply towards $45 per barrel. The pair hit high at 0.7380, after finding buying interest around 0...

EUR/CHF: We Expect Gradual CHF Depreciation - Lloyds Analysts from Lloyds Bank expect a gradual depreciation of the Swiss franc and EUR/CHF to end the current year around 1.11. Key Quotes: “Over the past month, the Swiss franc has fallen by around 3% against the euro, pushing EUR/CHF above 1.10...

USD/CHF Drops to Test 0.9700 The Swiss franc is rising against the US dollar, recovering after trading yesterday at the lowest level in two weeks. USD/CHF printed a fresh low during the American session at 0.9699 and currently trades at 0.9704/08, down 50 pips for the day so far...

Oil Rallies After EIA Reports Drop in US Stockpiles Oil prices turned higher and spiked to fresh highs near $46.00 a barrel, after the US Energy Information Administration (EIA) reported crude oil inventories unexpectedly dropped last week...

USD/JPY Hits Fresh Daily Lows as Sentiment Deteriorates USD/JPY fell briefly below 108.50 and posted fresh daily lows as the dollar weakened across the board while the yen benefitted from worsened market sentiment. USD/JPY bottomed out at 108...

US Stocks Open Lower on Disappointing Earnings and Drop in Crude Oil Prices Major US equity indices opened lower on Wednesday as disappointing earnings and a minor weakness in crude oil prices weighed on investor sentiment...

U.S. Government Bonds Flat ahead of 30-Year Auction The U.S. Treasuries were left relatively unchanged on Wednesday during a quiet session that saw few economic releases of note. The yield on the benchmark 10-year bonds held unchanged on the session, staying near to 1...