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AUD/JPY Off highs, Flirts with 200-DMA The bid tone surrounding the AUD/JPY cross weakened a bit in the European session, dragging the prices slightly lower from daily tops. AUD/JPY trims gains on Aussie retreat The AUD/JPY pair now trades 0.09% to 85.70, flirting with 200-DMA located at 85.74...

ECB Policy Meeting Unlikely to Materially Impact the Euro - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the euro has weakened modestly ahead of today’s ECB policy meeting and they are not expecting the meeting to have a material impact on the euro...

ECB Preview: 7 Major Banks Expectations from ECB’s April Meet As we head towards the ECB’s April meeting, following are the expectations as forecasted by the economists and researchers of 7 major banks...

NZD/USD Pullback Should be Corrective – UOB In view of analysts at UOB Group, the ongoing leg lower of the Kiwi dollar could have short legs. Key Quotes “We turned bullish NZD yesterday and there is no change to the view”...

USD/JPY Bounces of 109.50 Resistance Turned Support Wednesday's strong existing home sales data assisted USD to scale higher against most major currencies, including USD/JPY pair that broke through 109.50 handle to settle at day high level of 109.85. USDJPY could be eyeing 110...

EUR/USD Unmotivated Around 1.1300, ECB Eyed EUR/USD keeps its sidelined pattern around the 1.1300 handle during the European morning on Thursday amidst mixed risk appetite trends. EUR/USD focus on US calendar The pair is looking to consolidate yesterday’s sharp drop from the boundaries of the 1...

GBP/USD Reverses UK Data-led Slide, Jumps Above 1.4360 Fresh bids emerged right at 1.43 handle, allowing the bulls to embark upon a solid 50-pips recovery mode in the last hour amid broad commodities rally. GBP/USD supported at 1.4300 The GBP/USD pair trades 0.22% to fresh session highs at 1...

UK Retail Sales Plunge - ING James Smith, Economist at ING, suggests that the latest batch of UK retail sales data was very disappointing and adds to the generally downbeat tone of UK data released over the past week...

Gold Rallies 1%, Hits Fresh Weekly Highs at $ 1260 Gold extends its recovery from the previous slide and now runs through fresh bids in the European session, taking the prices to fresh one-week tops. Gold bounces-off key support at $ 1242 Currently, gold jumps +1.02% to 1258...

NOK Appreciation Expected to Slower the Pace – Danske Bank Chief Analyst at Danske Bank Jakob Christensen has assessed the prospects of the NOK ahead in the year. Key Quotes “With regard to the NOK, there are relative few releases of economic data...

NZD/USD Grinds Lower, Drops to 0.6950 Session Low Irrespective of the range-bound moves in most major currencies, the NZD/USD pair has been slowly grinding lower and is currently trading at session low of 0.6953...

AUD/USD Still Aims to 0.7850 – UOB Analysts at UOB Group expect the Aussie dollar to gather further pace to the mid-0.7800s. Key Quotes “There is no change to our bullish as we continue to expect the current AUD strength to move to 0.7850 (break above this level would shift the focus to 0.7935)”...

EUR/GBP Could Slip Towards 0.7755/0.7654 – Commerzbank The European cross remains poised for a re-test of the 0.7755/0.7654 band, according to Axel Rudolph, Senior Technical Analyst at Commerzbank. Key Quotes “EUR/GBP remains below the February high at...

USD/CAD Door Open for Further Decline – Westpac According to Richard Franulovich, Strategist at Westpac, the pair remains poised for further downside...

USD/RUB Off 2016 Lows, Retakes 65.00 The Russian Rouble is now surrendering part of its recent gains vs. the dollar, with USD/RUB advancing to session highs near 65.40...

Technical Analysis of Silver for April 21, 2016 Technical outlook and chart setups: Silver rallies through fresh highs above $17.50 levels today. The metal is very close to taking out resistance at $17.75 levels...

Technical Analysis of Gold for April 21, 2016 Technical outlook and chart setups: Gold rallies to test recent highs at $1,260.00 levels, before pulling back. The yellow metal is trading around $1,257.00 levels for now, and might be looking to push through $1,266.00 levels which is the Fibonacci 0...

Renminbi Series: Is Yuan Depreciation Over? Depends How You Look After reaching as low as 6.6 per Dollar in January, Chinese Yuan has gained against Dollar to 6.45 level and has been consolidating there since late March. Chinese currency is now positive (+0.2) for the year...

EUR/GBP Extends Rebound Towards 0.79 on Weak UK Data The EUR/GBP cross caught a fresh bid-wave and now looks to test 0.79 barrier following the release of poor UK retail sales data, which dropped for the second month in March...