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GBP/USD Turns Negative Near 1.4060, UK IP in Focus The GBP/USD pair is seen surrendering in the European morning, and drifts lower towards daily lows as markets remain wary ahead of the crucial UK industrial and manufacturing output numbers. GBP/USD losing sight of 1.41 handle...

Riksbank Could Stay ‘On-Hold’ in April – Danske Bank According to Senior Analyst at Danske Bank Sverre Holbek, the Riksbank could stay put at its meeting later in the month...

EUR/USD Risks a Test of 1.1144 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt a visit to recent lows in the 1.1140 area. Key Quotes “EUR/USD charted another new high (1...

GBP/JPY Breaks Minor Resistance 153, Jump Till 154/154.95 Is Possible Major Intraday resistance -153 (1 H Kijun-Sen) Major intraday support – 152.50 (1 H Tenken-Sen) GBP/JPY has broken major intraday resistance 153 and jumped till 153.23 at the time of writing .It is currently trading around 153...

FXWIREPRO: NZD/CAD Faces Minor Resistance Around 0.8970, Good to Sell on Rallies Minor resistance 0.8970 Major support -0.8850 The pair has slightly recovered after making a low of 0.8872. It is currently trading around 0.88835. Intraday trend is weak as long as resistance 0.8970 holds...

Technical Analysis of EUR/USD for April 08, 2016 When the European market opens, some economic news will be released such as French Industrial Production m/m, French Gov Budget Balance, German Trade Balance. The US will release economic data too such as Wholesale Inventories m/m...

Technical Analysis of USD/JPY for April 08, 2016 In Asia, Japan will release the Economy Watchers Sentiment, Consumer Confidence, Current Account and the US will release some economic data such as Wholesale Inventories m/m...

China: Stabilisation of March FX Reserves - Nomura Research Team at Nomura, notes that China’s headline FX reserves rose by USD10.3bn m-o-m in March to USD3.213trn compared with our expectation of a small USD10.0bn decline (we forecast headline reserves at USD3.192trn...

EUR/USD in a Tight Range Near 1.1370 The shared currency is trading almost unchanged vs. its American counterpart at the beginning of the week, taking EUR/USD to the 1.1370 area. EUR/USD gains capped near 1.1450 The pair has faded yesterday’s spike to fresh 2016 peaks in the mid-1...

CAD: Setting Up for March Employment Numbers – TDS Research Team at TDS, suggests that on the heels of two consecutive months of disappointing employment prints, the Canadian labour market likely recovered in March with a forecasted addition of 18k jobs...

USD/CHF Recovery from Half-Yearly Lows Falters Near 0.9575 The corrective rally in the USD/CHF pair lost legs at hourly 100-SMA, with the bulls now fighting to retain control amid mixed markets. USD/CHF testing daily lows Currently, the USD/CHF pair trades modestly flat at fresh session lows of 0...

EUR/JPY Finds Some Respite Near 123.50 The Japanese Yen is giving away some of its recent significant gains, allowing EUR/JPY to retake the 123.00 handle and beyond. EUR/JPY supported at 122...

GBP/JPY Retraces to 153.00 Levels, Correction Underway GBP/JPY is witnessing profit taking ahead of the weekend, courtesy of which the pair has recovered to 153.00 levels. Too early to call a bottom Brexit referendum is still at least two months away...

Technical Analysis of Silver for April 08, 2016 Technical outlook and chart setups: Silver is seen to be trading around $15.17 levels for now, still looking to form a base at $14.50/60 levels before resuming the uptrend. Please note that $14.50 levels are also a convergence of fibonacci 0...

Technical Analysis of Gold for April 08, 2016 Technical outlook and chart setups: Gold continues drifting sideways for now with prices trading around $1,236.00 levels...

Technical Analysis of EUR/JPY for April 08, 2016 Technical outlook and chart setups: The EUR/JPY pair is seen to be trading at 123.60 levels at this moment, after hitting lows at 122.40/50 levels yesterday. Please note that the pair had reversed lower from fibonacci 128...

AUD/JPY Stages Solid Comeback, Around 82 Handle The AUD/JPY cross staged a solid comeback from fresh monthly lows and recovered almost one big figure from the previous close, mainly driven by yen’s profit-taking slide across the board...