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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”...

Gold Down for Fifth Trading Session on Fed Rate-Hike Prospects Extending its slide for fifth consecutive day, Gold dropped to a fresh 3-1/2-week low on looming Fed rate-hike expectations has been weighing sentiment surrounding the precious metal and has kept prices under check...

GBP/USD Through 1.45 on Brexit Polls A bout of buying interest sent the sterling to session highs vs. the dollar, with GBP/USD quickly leaving behind the 1.4500 barrier to climb to the vicinity of 1.4550. GBP/USD stronger ahead of BoE Inflation Report Spot has retaken the 1...

Technical Analysis of GBP/CHF for May 24, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4350/55 levels at this moment, looking to push higher towards 1.4700/10 levels. Please note that 1.4700/10 level is also the fibonacci 0...

Daily Analysis of Major Pairs for May 24, 2016 EUR/USD: On the EUR/USD pair, the support line at 1.1200, including another support line at 1.1150, might be breached this week...

EUR/GBP Drops Below 0.7700 ahead of German ZEW Sentiment The relative under-performance of the shared currency (EUR) against the British Pound (GBP) has now dragged the EUR/GBP pair back below 0.7700 handle just ahead of German ZEW economic sentiment index reading for the month of May...

Daily Analysis of USDX for May 24, 2016 USDX is trading below the resistance zone of 95.68, but the intraday structure remains sideways. However, an acceleration below the 95.22 level will open the doors for a decline toward the 94...

Daily Analysis of GBP/USD for May 24, 2016 The pair had a very volatile session yesterday, as it has been hovering below the resistance level of 1.4549, where a fractal was formed. The nearest support is located around the 1...

JPY: Diverging Views Between the US and Japan on Intervention – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has remained on a firmer footing in the Asian trading session supported by more risk-averse trading conditions in the near-term...

USD/CAD Rises to 7-Week High USD/CAD rose to a fresh 7-week high early on Tuesday at 1.3176. RSI is trending upwards and has not entered overbought territory yet, so there is room for further upside. The market is close to the April 4 high of 1.3217. If it is surpassed, there is scope to target 1...

EUR/USD Still Focused on 1.1140 – UOB Analysts at UOB Group have noted the relevance of the next support level around 1.1140 in the next weeks. Key Quotes “Momentum indicators continue to deteriorate and the prospect for the current bearish phase to extend lower to the next key level at 1...

USD: Currency Index & Volatility Relative Currency Strength The British pound became the undisputed leader of the previous week. While its peers fluctuated in the range between -1.2% and +1%, the GBP Index experienced an almost 3% growth, fueled by the Brexit poll data release...

German Bunds Climb on Soft Economic Growth The German bunds surged further on Tuesday after reading weaker than expected first quarter Gross Domestic Product (GDP) figure. Also, investors shifted to safe-haven buying amid losses in riskier assets including crude oil and stocks...

FxWirePro: GBP/NZD Faces Strong Support at 100 Day MA, Good to Buy at Dips Major Support- 2.1320 (100 day MA) The pair has made a low of 2.3150 and recovered from that level. It is currently trading at 2.15620. Market awaits BOE inflation report hearings for further direction...

FxWirePro: USD/CNY Breaks Key Resistance at 6.5510, a Sustain Close Above Targets 6.5708 USD/CNY is currently trading around 6.5532 marks. Intraday bias remains bullish till the time pair holds key support at 6.5406 levels. A sustained close above 6.5510 will test key resistances at 6...

Glenn Stevens, Iron Ore and Oil Take Toll on Aussie Australia’s top exporting commodities, iron ore, oil, gas has been taking toll on Aussie since 21st April, and especially so after Reserve Bank of Australia (RBA) introduced a rate cut of 25 basis points...