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USD/CHF: There are Grounds for the Rise in the Pair. Fundamental Analysis of 05.05.2016 Although the pair USD/CHF has reached 8-month lows, it is advisable to be careful when opening short positions on the pair. It happens that historically May is a favourable month for the USD...

FxWirePro: AUD/USD Outlook Weaker on Renewed Downside Pressure AUD/USD pair inched higher in the Asian session as the pair was lifted up after upbeat retail sales data from Australia. Immediately after the data release the pair rose towards 0.7500. However, after finding resistance at 0...

EUR/USD: NFP to Decide on the Reversal - MUFG According to analysts from The Bank of Tokyo-Mitsubishi UFJ, the Non-Farm Payroll report on Friday will dictate whether recent US dollar weakness continues to reverse...

USD/CHF Hits 1-Week High, Nears 0.9700 The US dollar extended its rally versus the franc during the New York session, reaching its highest level in a week, just a few pips below the 0.97 mark. USD/CHF continued to recover from an 8-month low of 0...

GBP/USD: Technical Outlook Biased to the Downside - Lloyds Analysts from Lloyds Bank point out that after the reversal from 1.4770, the technical outlook points to the downside and they continue to see in the medium term, price in ranges. Key Quotes: “The impulsive reversal after spiking up to 1...

EUR/CHF Climbs to 2-Month Highs A weak Swiss franc boosted the EUR/CHF pair to the strongest level since mid-February. The pair broke above 1.1016 and rose to 1.1039. It was trading at 1.1030, headed toward the highest daily close in two months...

USD/JPY: Downside Risks, Intervention Expectations Around 105 - MUFG Analysts from The Bank of Tokyo-Mitsubishi UFJ see the USD/JPY pair with a bearish bias, likely to trade between 105.50 and 108.50 during the next week...

NFP Preview: Will Jobs Data Revive USD? - ING According to analysts from ING, a solid jobs report could spark a near-term revival in the US dollar. Key Quotes: “Payrolls to come in a tad softer than expectations (ING: +190k; consensus: +200k...

S&P Stokes EM Concerns - Warns on Rising Pace of EM Downgrades S&P Global Ratings in a report released yesterday, warned that debt pile in emerging markets which has burgeoned to around $435 billion, to be repaid in the next 10 years, pose “new potential risks” to sovereign ratings...

USD/JPY Hits 6-Day Highs Near 107.50 The US dollar rose further against the Japanese yen and reached the strongest level in almost a week but failed to extend gains. USD/JPY hit a fresh high at 107.49 after breaking above 107.30. The area around 107...

NZD/USD Eyes 0.65 in Q3 – Westpac Strategist Imre Speizer at Westpac sees the pair slipping towards the 0.65 area in the next months. Key Quotes “NZD/USD continues to gyrate within an ascending range, although it has lost momentum during the past week and could slip to 0...

EUR/USD Accelerates Slide to 1.1400 Handle In last one hour, the EUR/USD pair accelerated its fall and dropped to session low near 1.1400 handle, despite higher-than-expected weekly jobless claims data from the US...

NZD/USD Further Consolidation Expected – UOB According to analysts at UOB Group, the Kiwi dollar could attempt a sideline pattern in the next 1-3 weeks...

USD/RUB Off Lows, Near 65.50 on Oil Gains The Russian currency is recovering part of the ground lost vs. the dollar on Wednesday, taking USD/RUB to the mid-65.00s for the time being...

FxWirePro: USD/CAD Key Support at 1.2733, Favoring Further Upside The USD/CAD pair retreated back from 2-week high on Thursday after oil prices rebounded towards 45$ per barrel. However, in the early US session the pair rebounded after finding support level at 1.2782 levels...

Canadian Bonds Mixed on Weak Building Permits, Rallying Crude The Canadian government bonds were trading mixed Thursday after reading weaker than expected April building permits and rallying crude oil prices...

US Stocks Open with Modest Gain Major US equity indices on Thursday opened trading on a positive note, taking cues from higher crude oil prices. In early trade, Dow Jones Industrial Average opened 0.2% higher at 17,690, while S&P 500 advance 0.2% to 2,055...

AUD/USD Struggling to Consolidate Above 0.7500 AUD/USD is staging a modest recovery on Thursday, with the Aussie among the best performers at the beginning of the New York session, helped by better-than-expected domestic data. AUD/USD has moved off lows at the 0...

FxWirePro: Cable Oscillates in Topsy-Turvy Trend, Break Below 1.4462 to Resume Bears Business in Action We had explicitly made a mention in the below statement, now see what has happened: “Breaks resistance at 1...

FxWirePro: AUD/JPY Major Support at 79.60, Weakness Only on Breaks Below AUD/JPY has been trading a falling channel on the weekly charts. Major support is seen around 76.50 to 79.60 zone. Breaks below could see test of 77.60 level. Further weakness could see test of channel base at 75 levels...