- Tue, 06 Sep 2016 13:04:03 GMT
AUD/USD confirms downward trend
"The RBA (Reserve Bank of Australia) is expected to keep the benchmark interest rate unchanged at record low 1.5%, in what will be Governor Glenn Stevens's final rate decision, after the bank cut rates two times in the past four months." – based on Daily FXPair's OutlookAUD/USD picked up where it had left off on the first part of Tuesday's trading
- Tue, 06 Sep 2016 12:53:04 GMT
EUR/JPY remains flat on Tuesday
"The fact that Governor Kuroda gave a portion of his speech to outlining the negative impact of lowering rates below zero percent helped ease speculation of further cuts to the key policy rate and helped lift the yen." – based on investing.comPair's Outlook[ANNOUNCE]EUR/JPY showed no development on Tuesday morning after Monday's half percent dip[/ANNOUNCE], suggesting that it might not continue its
- Tue, 06 Sep 2016 11:23:45 GMT
NZD/JPY bull market distracted by short-term sell-off
NZD/JPY kicked off year 2016 with a volatile consolidation inside of the bounds of a falling wedge that has been established over the last two or so years. While the scope of fluctuations in June reached 12 percent, the pair did not manage to close outside of the wedge trend-lines, but set ground for a breakout on September 1, which
- Tue, 06 Sep 2016 07:42:08 GMT
USD/JPY aims for 105 yen
"The BOJ should wait for the Fed. The present focus of attention is on the U.S. exit policy." - Koichi Hamada, economic adviser to PM (based on Bloomberg)Pair's OutlookThe setup has become even more bullish for USD/JPY than it was yesterday, as the currency pair has confirmed the broken trendline, meaning the US Dollar is willing to keep advancing north. The first target
- Tue, 06 Sep 2016 07:30:14 GMT
GBP/USD to retreat from 1.3320
"Sterling should remain supported as BoE rate expectations and the gilt curve experience a significant revaluation." - Morgan Stanley (based on Reuters)Pair's OutlookThe currency pair is lacking bullish momentum near resistance represented by the 23.60% retracement of the Jun 23—Jul 5 sell-off despite fundamentally strong Pound. Nevertheless, the price managed to fetch our target 1.3385/70 (monthly R1 and August maximum) yesterday.
- Tue, 06 Sep 2016 07:19:01 GMT
Gold struggles on Tuesday
"The U.S. Labor Day holiday kept volumes subdued on Monday, but new U.S. data releases and any speeches from Fed officials will be watched closely for clues to the timing of any rate moves." - base don ReutersPair's OutlookThe yellow metal continues to struggle with the monthly PP at 1,326.43 for the third consecutive session on Tuesday, as the commodity
- Tue, 06 Sep 2016 07:04:06 GMT
EUR/USD near 1.1150 on Tuesday
"If the ECB extends quantitative easing -- as most economists surveyed by Bloomberg predict -- policy makers may have to reconsider what they can buy." - based on Bloomberg Pair's OutlookThe common European currency traded almost flat on Tuesday morning against the US Dollar. Previously, the currency exchange rate moved lower on Monday, as it moved out of the channel upward
- Mon, 05 Sep 2016 14:34:08 GMT
USD/NOK consolidates ahead of bullish continuation
USD/NOK put an end to the rally it had been sustaining for four years adding 70 percent to the value of the US Dollar against the Norwegian Krone, and took a 10 percent dip in 2016. The pair is currently consolidating and we do believe that a symmetric triangle has been formed and that the bullish trend will continue on
- Mon, 05 Sep 2016 13:48:04 GMT
NZD/USD continues rising on Monday
"The U.S. dollar held firm in early Asian trade on Monday after disappointing U.S. jobs growth figures for August did little to change investors' perception that the Federal Reserve is likely to raise interest rates in coming months." – based on Reuters Pair's Outlook[ANNOUNCE]The New Zealand Dollar continued to book gains against the US Dollar mid-Monday, as the currency exchange rate steadily
- Mon, 05 Sep 2016 13:37:04 GMT
GBP/CHF edges higher, but lacks bullish momentum
Risk-off sentiment caused by the Brexit vote in the United Kingdom caused the Pound to take a dive into all time lows against the safe haven currency, creating a snowball effect of supply and demand when investors cashed out Pounds to exchange them into Swiss Francs and Japanese Yen. An event surpassing the Brexit vote in significance was the abolishment
- Mon, 05 Sep 2016 13:26:03 GMT
USD/CAD trades below 1.2950
"The Canadian dollar gained the most in five weeks against the greenback after the nation's July trade deficit narrowed more than economists predicted, adding to evidence the Bank of Canada is less likely to lower interest rates." – based on Bloomberg Pair's Outlook[ANNOUNCE]The USD/CAD pair began to fall sharply on Friday, and it continued the fall during first half of Monday's trading
- Mon, 05 Sep 2016 13:15:04 GMT
AUD/USD struggles at 0.7589
"The RBA (Reserve Bank of Australia) is expected to keep the benchmark interest rate unchanged at record low 1.5%, in what will be Governor Glenn Stevens's final rate decision, after the bank cut rates two times in the past four months." – based on Daily FX Pair's Outlook[ANNOUNCE]The Australian Dollar continued to struggle in booking gains against the US Dollar on Monday.
- Mon, 05 Sep 2016 13:04:03 GMT
EUR/JPY stops winning streak on Monday
"The fact that Governor Kuroda gave a portion of his speech to outlining the negative impact of lowering rates below zero percent helped ease speculation of further cuts to the key policy rate and helped lift the yen." – based on investing.com Pair's Outlook[ANNOUNCE]The Euro suffers majorly against the Japanese Yen on Monday, as the currency exchange rate fell and showed no
- Mon, 05 Sep 2016 08:19:09 GMT
EUR/USD retreats from 1.12 level on Monday
"I don't rule out that there could be some decisions made that would consolidate a group of countries with equal levels of development and, thereby, in my opinion, strengthening the euro." –Vladimir Putin (based on Bloomberg) Pair's Outlook [ANNOUNCE]The common European currency is between two strong clusters against the US Dollar on Monday, as the currency exchange rate previously on Friday retreated from
- Mon, 05 Sep 2016 08:01:34 GMT
USD/JPY ready to rebound from 103 yen
"Before the next BoJ meeting on Sep 21 the Yen may weaken." - JPMorgan (based on Bloomberg) Pair's Outlook[ANNOUNCE]The current setup is bullish for USD/JPY, as the currency pair has broken out of the descending channel that had been guiding the price lower since the end of 2015. [/ANNOUNCE]However, we would like to wait for a confirmation of support at 103 yen
- Mon, 05 Sep 2016 07:34:15 GMT
XAU/USD continues to surge on Monday
"While we cut off our numbers as of close on August 30, 2016, we can't help but notice that gold appears to now be attempting to break under $1,310, a potential breakdown zone that could see gold fall to $1,250." – David Chapman, financial industry veteran, (based on investing.com)Pair's Outlook[ANNOUNCE]The yellow metal is moving lower on Friday morning, as it opened
- Mon, 05 Sep 2016 07:34:05 GMT
GBP/USD aims for 1.3385/70
"Focus now turns to the services PMI, due out on Monday. We expect the services print to follow suit and rise, perhaps enough to enter the expansionary territory, something that could keep sterling supported." - IronFx Global (based on Reuters) Pair's Outlook[ANNOUNCE]The Cable is now well-supported both from the UK and US sides, meaning we may expect an even stronger Pound in
- Fri, 02 Sep 2016 14:32:08 GMT
NZD/USD continues the surge on US Dollar weakness
"The US dollar is stronger across the board, as investors have one eye on a possible rate hike later in the year." - Jason Wong, currency strategist (based on Bank of New Zealand) Pair's Outlook [ANNOUNCE]The Kiwi continues its way back up against the US Dollar, as the rate reached back to the channel upward pattern's middle after almost touching the lower
- Fri, 02 Sep 2016 14:21:07 GMT
USD/CAD falls below monthly PP mid-Friday
"Recent updates favored the bearish wedge scenario on the break below 1.2900." - Jamie Saettele, CMT (based on Daily FX) Pair's Outlook [ANNOUNCE]The US Dollar fell on Friday against the Canadian Dollar, as the currency exchange rate did not manage to break the resistance put up by the weekly R2 at 1.3131, which it had been pounding on for the previous two trading
- Fri, 02 Sep 2016 14:10:04 GMT
AUD/USD attempts to end the week higher
"(Thursday's fall in the dollar) tells us that there still is a lot of scepticism over imminent rate hike by the Fed in the market. There is still room for some dollar weakness." – Commerzbank (based on Reuters) Pair's Outlook [ANNOUNCE]On Thursday the Australian currency continued to gain value against the American Dollar, but with gains limited by the 55-day SMA at 0.7557.[/ANNOUNCE]
- Fri, 02 Sep 2016 13:48:04 GMT
Triangle to be broken by EUR/CAD
EUR/CAD has been consolidating over the past few years after the 2013/2014 surge resulted in a conquest of 1.5269 – the 4 year high at that point, and the level has not been broken until this day. The monthly chart shows the pair to be moving inside of a symmetrical triangle, near to the lower trend-line. We expect the upper
- Fri, 02 Sep 2016 13:37:39 GMT
EUR/JPY sets eye on 116.00
"I don't rule out that there could be some decisions made that would consolidate a group of countries with equal levels of development and, thereby, in my opinion, strengthening the euro." – Vladimir Putin, president of the Russian Federation (based on Bloomberg) Pair's Outlook [ANNOUNCE]For the third consecutive day this week the Euro managed to outperform the Yen, with volatility contained by
- Fri, 02 Sep 2016 10:35:04 GMT
USD/SGD breaks patterns in favour of general bull market
USD/SGD showed signs of weakness over the first eight months of 2016, posting eight percent of losses in June. Respecting the 1.3345 support level, the pair has recovered 2.6 percent since then, and might continue to erase the losses just after a retracement to the broken trend-line around 1.3457 is accomplished. After experiencing severe volatility during Yellen's speech on August
- Fri, 02 Sep 2016 08:39:04 GMT
EUR/SGD 1W Chart: Descending Triangle
EUR/SGD has developed a strong upper trend-line for the symmetrical triangle it has been maintaining over a year or so. The rate is quite far along the pattern, implying that a downward breakout might come in the following months. This dynamic is approved by the descending channel that the pair has been following since 2007 and hints that the actual