- Tue, 04 Apr 2017 15:32:53 GMT
AUD/USD extends losses
"The Australian Dollar suffered the lion's share of punishment after the RBA nudged official rhetoric toward the dovish end of the policy spectrum." — Ilya Spivak (based on DailyFX) Pair's Outlook [ANNOUNCE]The Aussie has experienced a sharp movement downwards today, extending its losses for the fourth consecutive day.[/ANNOUNCE] The pair has breached the lower trend-line and the weekly S1; it is currently testing
- Tue, 04 Apr 2017 15:32:03 GMT
USD/CAD to reclaim 1.34
"It's safe to say that 1.3200 is important in USDCAD and a break below would be an early sign that this horrendous range is nearing completion." — Jamie Saettele, Daily FXPair's Outlook [ANNOUNCE]Commodities continued to weigh on the Loonie, which allowed the US Dollar to climb 66 pips higher.[/ANNOUNCE] Although the USD/CAD was unable to climb over the 1.34 mark yesterday, another
- Tue, 04 Apr 2017 15:30:53 GMT
NZD/USD bounces back from the down-trend
"The currency has spent much of the last two weeks in a tight 0.6970-0.7070 range." — Jason Wong, Bank of New Zealand (based on New Zealand Herald) Pair's Outlook [ANNOUNCE]The NZD/USD currency pair remained relatively unchanged on Monday, which allowed it to retest the descending channel's upper border.[/ANNOUNCE] Since the channel's resistance line is also reinforced by the weekly and the monthly
- Tue, 04 Apr 2017 08:14:42 GMT
Gold opens green but upside cut sharp
"Earlier in the day, the statistics bureau reported an expansion in the country's February trade surplus to more than double the previous month's as exports of gold and minerals rebounded, while imports dropped." – Nichola Saminather (Based on Bloomberg) Pair's Outlook [ANNOUNCE]Despite the early reading, Gold managed to show a solid 392 green pips on the daily chart, suggesting that bullish momentum prevails,
- Tue, 04 Apr 2017 08:12:22 GMT
USD/JPY keeps sliding down
"Before resuming its uptrend in the medium term, we think USD/JPY will likely be capped in the near term." – Deutsche Bank (based on FXStreet)Pair's Outlook [ANNOUNCE]Monday ended with the US Dollar edging lower against the Japanese Yen, paving its way towards the descending channel's lower border, rather than the upper.[/ANNOUNCE] Technical studies keep giving bearish signals, implying the Buck is
- Tue, 04 Apr 2017 08:10:11 GMT
GBP/USD: rebound anticipated
"The dollar got some support last week from month-end buying and came off its lows, but overall its heaviness remains unchanged." – Daiwa Securities (based on Reuters) Pair's Outlook The British currency's performance yesterday fell in line with expectations, being that the Pound reconfirmed the down-trend and closed trade between 1.2490 and 1.2480. Another bearish development today is expected, this time
- Tue, 04 Apr 2017 08:08:26 GMT
Risks lie to the downside for EUR/USD
"The recent good signals coming from the euro-area economy shouldn't hide the fact that it remains an incomplete -- and therefore dysfunctional -- monetary union." – Maxime Sbaihi (Based on Bloomberg) Pair's Outlook [ANNOUNCE]The daily chart displays that the pair has showed almost no movement whatsoever, shifting from a green to a red doji candle.[/ANNOUNCE] It appears that EUR/USD has now initiated
- Mon, 03 Apr 2017 15:48:03 GMT
USD/CAD remains in range
"It's safe to say that 1.3200 is important in USDCAD and a break below would be an early sign that this horrendous range is nearing completion." — Jamie Saettele, Daily FX Pair's Outlook [ANNOUNCE]Since the FOMC decision on March 14 the Greenback has almost not moved against the Loonie, as on Monday the currency exchange rate remained above the 1.33 level.[/ANNOUNCE] During
- Mon, 03 Apr 2017 15:37:26 GMT
Kiwi continues its path lower
"The currency has spent much of the last two weeks in a tight 0.6970-0.7070 range." — Jason Wong, Bank of New Zealand (based on New Zealand Herald) Pair's Outlook [ANNOUNCE]During the first half of Monday's trading session the New Zealand Dollar slightly depreciated against the US Dollar, as the currency exchange rate was kept lower by a cluster of fresh resistance.[/ANNOUNCE] The cluster
- Mon, 03 Apr 2017 15:28:46 GMT
AUD/USD falls contrary to expectations
"The price [of AUD] is back into thick daily cloud (spanned between 0.7448 and 0.7651) after being unable to hold above the cloud. Daily studies are weakening and supportive for further easing, with 0.7585 seen as key point." — Slobodan Drvenica, Windsor Brokers Ltd (based on FXStreet) Pair's Outlook [ANNOUNCE]The Aussie continues to depreciate against the Greenback.[/ANNOUNCE] The pair is currently trading within
- Mon, 03 Apr 2017 15:22:01 GMT
EUR/JPY depreciates for sixth consecutive day
"The results simply confirm that [Japanese] economy is recovering. Exports are picking up and that's having a positive impact on production and capital investment." - Takeshi Minami, chief economist at Norinchukin Research Insititute (based on Bloomberg) Pair's Outlook [ANNOUNCE]EUR/JPY started its trading session in the red zone, resulting in losses for the sixth consecutive day.[/ANNOUNCE] In case the downward momentum is set
- Mon, 03 Apr 2017 08:48:16 GMT
Gold attempts to break above 1,250
"The interest rate hike cycle has set in and that might keep gold in a wide range of $1,200-$1,250 as the opportunity cost of holding non-interest rate bearing gold is more." – Mark To, Wing Fung Financial Group (based on Reuters) Pair's Outlook [ANNOUNCE]On Monday morning the yellow metal attempted to break above the 1,250 mark, as it faced resistance put up by
- Mon, 03 Apr 2017 08:41:30 GMT
EUR/USD declines below 1.07 mark
"If France and Germany are not on the same page anymore, it means that political backing is no longer there, and there's not much the ECB can do." – Guntram Wolff, Bruegel Institute (based on Bloomberg) Pair's Outlook [ANNOUNCE]During the early hours of Monday's trading session the common European currency scored slight gains against the US Dollar.[/ANNOUNCE] However, the currency exchange rate was
- Mon, 03 Apr 2017 08:16:29 GMT
USD/JPY remains on the back foot
"Before resuming its uptrend in the medium term, we think USD/JPY will likely be capped in the near term." – Deutsche Bank (based on FXStreet) Pair's Outlook [ANNOUNCE]As was anticipated, the USD/JPY currency pair was unable to reclaim the 112.00 mark, resulting in a 53-pip loss on Friday[/ANNOUNCE]. Nevertheless, more bearish momentum is possible, but unlikely, since the pair rebounded after approaching
- Mon, 03 Apr 2017 08:03:02 GMT
GBP/USD reconfirms bearish trend-line
"The dollar got some support last week from month-end buying and came off its lows, but overall its heaviness remains unchanged." – Daiwa Securities (based on Reuters) Pair's Outlook [ANNOUNCE]The Sterling received a boost from upbeat fundamental data on Friday, which allowed it to outperform the American Dollar and retest the six-month down-trend.[/ANNOUNCE] Technically, the GBP/USD currency pair should now bounce back
- Fri, 31 Mar 2017 16:06:04 GMT
Kiwi passes support on Friday
"The New Zealand dollar is weaker than the central bank forecast on a trade-weighted basis at the end of the first quarter." — Jonathan Underhill, Business Desk (based on New Zealand Herald) Pair's Outlook[ANNOUNCE]During the first half of Friday's trading session the New Zealand Dollar lost ground against the US Dollar, as the currency exchange rate finally picked a direction and
- Fri, 31 Mar 2017 15:55:03 GMT
USD/CAD falls on fundamental data release
"We will expect even more weakness since we know that impulses show direction, or change of a trend." — Gregor Horvat, Elliot Wave Financial Service (based on investing.com)Pair's Outlook [ANNOUNCE]By the middle of Friday's trading session the US Dollar traded almost flat against the Canadian Dollar, as the currency exchange rate was expecting the release of the Canadian GDP data.[/ANNOUNCE] As the
- Fri, 31 Mar 2017 15:44:03 GMT
AUD/USD unlikely to fall under 55-day SMA
"The outlook has improved further and barring an unexpected break below 0.7640, AUD is expected to grind higher towards 0.7695/00." — UOB Group (based on FXStreet) Pair's Outlook [ANNOUNCE]Upbeat US fundamental data on Thursday allowed the American Dollar to take the upper hand and outperform the Aussie. [/ANNOUNCE]As a result, the Australian currency erased most of Wednesday's gains, as the nearest support
- Fri, 31 Mar 2017 15:33:04 GMT
EUR/JPY trades in ranging market
"Inflation in the euro area slowed for the first time in nearly a year this month, which may reinforce the view among some European Central Bank policy makers that it's too soon to start unwinding unconventional stimulus." - Catherine Bosley (based on Bloomberg) Pair's Outlook [ANNOUNCE]The hourly chart demonstrates that EUR/JPY has been trading in the ranging market for the third
- Fri, 31 Mar 2017 08:13:07 GMT
Gold retreats to 1,240 level
"In the short term, factors including a strengthening dollar could pull prices down to around the $1,230 an ounce range." – Yuichi Ikemizu, Standard Bank (based on Reuters) Pair's Outlook [ANNOUNCE]On Friday the yellow metal began the day's trading session just above the 1,240 level.[/ANNOUNCE] The reason for that is the strength of the US Dollar, which pushed the price lower in
- Fri, 31 Mar 2017 08:11:48 GMT
USD/JPY struggles to breach 112.00 handle
"It is too early to expect a sustained recovery even though on the converse, the odds for a break below 110.00 have diminished considerably." – UOB (based on FXStreet) Pair's Outlook [ANNOUNCE]The US Dollar successfully outperformed the Yen on Thursday, receiving a boost from a better-than-expected US GDP reading.[/ANNOUNCE] As a result, the given pair breached two immediate resistances, encountering resistance only
- Fri, 31 Mar 2017 08:10:50 GMT
GBP/USD stuck between 1.24 and 1.26
"Given the positioning, our bias would still be toward a stronger pound over the coming weeks." – MUFG (based on Business Recorder) Pair's Outlook [ANNOUNCE]The British Pound found support in front of the 55 and 100-day SMAs yesterday, but was unable to fully breach the immediate resistance cluster.[/ANNOUNCE] Although technical studies keep suggesting the GBP/USD pair is to edge higher and the
- Fri, 31 Mar 2017 08:09:45 GMT
EUR/USD trades below 1.07 mark
"The dollar climbed to a two-week high against the euro after U.S. data showed gains in personal consumption and corporate profits." – Lananh Nguyen and Vincent Cignarella, Bloomberg Pair's Outlook [ANNOUNCE]During the early hours of Friday's trading session the common European currency found support against the Greenback in a combined support level, which is made up of the weekly S2 and 55-day
- Thu, 30 Mar 2017 12:56:55 GMT
Kiwi remains below pivot point
"Range trading is the main thing that is happening." — Philip Borkin, ANZ Bank New Zealand (based on New Zealand Herald) Pair's Outlook [ANNOUNCE]During the first half of Thursday's trading session the New Zealand Dollar traded against the US Dollar below the weekly pivot point, which is located at the 0.7039 level.[/ANNOUNCE] Although the pair has slowly and slightly declined for the