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Technical Analysis of Silver for May 24, 2016 Technical outlook and chart setups: Silver is also seen to be trading lower at $16.28 level at this moment, and it is expected to find support at $16.00 level. Please note that fibonacci 0.618 support is also at $16...

Technical Analysis of Gold for May 24, 2016 Technical outlook and chart setups: Gold is seen to be trading lower at $1,245.00/46.00 levels for now, just below the trend line support as depicted here. Please note that the metal is still holding fibonacci 0...

Technical Analysis of USD/JPY for May 24, 2016 USD/JPY is expected to continue its downside movement. Overnight U.S. indexes dipped in light trading volume, dragged by utilities shares...

Technical Analysis of USD/CHF for May 24, 2016 USD/CHF is expected to trade with a bullish bias. The pair failed to break its nearest resistance at 0.9925 yesterday and is currently posting some consolidations...

Technical Analysis of NZD/USD for May 24, 2016 NZD/USD is expected to trade in a lower range as a bias remain bullish. The pair has struck against its key resistance at 0.6670 yesterday, and is turning down...

GBP/USD Volatile Below 1.4600 Post-BOE Carney Having spiked just ahead of 1.46 handle post BOE MPF annual report release, the GBP/USD pair slipped back below the last, falling as low as 1.4565, before recovering ground last minutes. GBP/USD re-takes 1.4600? Currently, GBP/USD jumps +0.70% to 1...

EUR/USD Still Eyes 1.18 in 12-Month – Danske Bank Analyst at Danske Bank Kristoffer Lomholt believes the pair could edge higher towards 1.18 in a year’s view. Key Quotes “We still look for some more short-term EUR/USD downside on cleaner positioning and the cyclical picture favouring the US”...

Further Rangebound Seen in AUD/USD – UOB The research team at UOB Group believes the Aussie dollar could extend its consolidative pattern between 0.7150 and 0.7350 in the next weeks. Key Quotes “In line with expectation, AUD rebounded to test the 0.7260 resistance (exact high of 0...

Technical Analysis of EUR/JPY for May 24, 2016 Technical outlook and chart setups: The EUR/JPY pair is trading at intraday lows at 122.50 level at this moment, and should be setting up for a continued drop lower below 121.40 level going forward. The pair had reversed from fibonacci 0...

Technical Analysis of GBP/JPY for May 24, 2016 GBP/JPY is under pressure. Currently trading at 159.55, the pair has been capped by its descending 20-period moving average and remains under pressure. And the declining 50-period moving average also maintains a bearish bias. As long as 159...

EUR/GBP Slammed to 0.7665 After BoE comments Extending its slide from session peak of 0.7751, the EUR/GBP pair downfall intensified after BOE MPC Annual Report indicated that UK inflation is likely to rise gradually through 2016...

European Bonds Rise Modestly on Weak Crude Prices The European bonds traded modestly firmer on Tuesday as decline in oil price pushed investors’ inflation expectations lower and supported demand for safe-haven assets...

GBP/USD Forecast: Pressuring 1.4550, Critical Resistance The GBP/USD pair surged towards the high posted on Monday following London's opening, fueled by a sharp decline in the EUR/GBP cross, as the common currency entered sell off mode, plummeting to fresh lows against most of its major rivals...

EUR/GBP Could Test 0.7360 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the European cross could slip towards the 0.7360 region. Key Quotes “EUR/GBP is seeing a small bounce higher from...

EUR/USD Forecast: Bearish Acceleration, 1.1120 at Sight After Monday's pause, the greenback resumes its rally, broadly higher against most of its major rivals but the Pound. European equities opened sharply higher, but the EUR/USD pair fell to a fresh two-month low of 1.1168...

GBP/USD Surges on BoE Comments, Just Shy of 1.4600 Mark The GBP/USD pair rallied from 1.4474 and extended its up-move beyond 1.4550 as BOE Governor and several MPC members begin their testimony on inflation and the economic outlook before the Parliament's Treasury Committee...

GBP/JPY Spikes Above 159.00 Handle After Latest ‘Brexit’ Polls The GBP/JPY pair staged a smart good recovery from 50-day SMA support near 158.00 mark to currently trade back above 159.00 round figure mark...

GBP/USD Outlook Remains Positive – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s perspective points to further gains towards the 1.4660 area initially. Key Quotes “GBP/USD failed on Friday to overcome the 1...

USD/JPY Rebounds in Tandem with European Stocks The US dollar fought back control against its Japanese peer post-European open, sending USD/JPY back beyond the mid-point of 109 handle. USD/JPY eyes 5-DMA at 109...

USD/JPY Turned Neutral Near Term – UOB The research team at UOB Group has shifted its outlook for USD/JPY to neutral from bullish in the next 1-3 weeks. Key Quotes “The bullish phase that started two weeks ago ended abruptly yesterday when the stoploss at 109.20 was breached”...