- Fri, 02 Sep 2016 07:26:04 GMT
Gold falls after a surge on Thursday
"Gold dropped to its lowest in over two months on Thursday, as European shares rose, while investors waited to see if U.S. jobs data could put the Federal Reserve on track to hike interest rates." – based on Growth Aces Pair's Outlook [ANNOUNCE]The yellow metal is moving lower on Friday morning, as it opened Friday's trading session at 1,314.61 and started moving lower
- Fri, 02 Sep 2016 07:15:03 GMT
USD/JPY: risks skewed to the upside
"Dollar-yen remains supported from Fed expectations underpinning the dollar, and pressure on Kuroda to keep the pedal to the metal on stimulus rhetoric. Position adjustment ahead of tonight's critical non-farm payrolls should dominate today's foreign-exchange landscape."- Oanda Corp. (based on Bloomberg) Pair's Outlook [ANNOUNCE]Even though the US Dollar weakened against the Yen on Thursday, the pair still experienced only an 18-pip loss.[/ANNOUNCE]
- Fri, 02 Sep 2016 07:04:06 GMT
GBP/USD trades in murky waters
"We remain broadly bearish on the GBP, anticipating further BOE easing in the months ahead and anticipating that direct investment and portfolio flows will be insufficient to easily fund the UK current account deficit in the near term."- BNP Paribas (based on PoundSterlingLive) Pair's Outlook [ANNOUNCE]A strong reading of the UK Manufacturing PMI yesterday allowed the Sterling to take the upper hand
- Fri, 02 Sep 2016 06:53:04 GMT
EUR/USD surges to 1.12 mark
"New orders at euro-area factories rose at the weakest pace in 18 months in August as both domestic and export demand faltered amid heightened uncertainty after the U.K. voted to quit the European Union."– based on BloombergPair's Outlook [ANNOUNCE]The common European currency traded at 1.12 against the US Dollar on early Friday morning, as the currency exchange rate surged above the
- Thu, 01 Sep 2016 13:31:03 GMT
USD/CAD struggles with resistance on Thursday
"Despite the kneejerk reaction to the Canada's weaker-than-expected 2Q Gross Domestic Product report, USD/CAD climbs to a fresh weekly high." - David Song, Currency Analyst (based on Daily FX) Pair's Outlook [ANNOUNCE]The US Dollar continues its surge against the Canadian Dollar, as it struggles against the weekly R2 at 1.3131.[/ANNOUNCE] However, the rate already reached above the resistance level on Wednesday, and
- Thu, 01 Sep 2016 13:20:04 GMT
AUD/USD sets eye on 55-day SMA
"At this stage, a sustained recovery is not expected and AUD is more likely to trade sideways at these lower levels." – UOB (based on FXStreet) Pair's Outlook [ANNOUNCE]Even though the Aussie managed to appreciate against the US counterpart on Wednesday, trade closed with only a seven-pip rally.[/ANNOUNCE] Nevertheless, the bullish outlook remains, with the AUD/USD currency pair expected to erase more
- Thu, 01 Sep 2016 12:47:26 GMT
NZD/USD bounces between two pivot points
"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 New Zealand Dollar is bounced between two pivot points against the US Dollar on Thursday, as it was squeezed in by the weekly pivot point at
- Thu, 01 Sep 2016 12:47:08 GMT
EUR/JPY keeps edging higher
"The BOJ looks set to stand by its accommodative monetary policy in September, but market expectations are for the central bank to shun any deeper cuts into minus territory for interest rates. Without further rate cuts, earnings for banks may not be as bad as expected, making their stocks look cheap." – Mizuho Asset Management (based on Bloomberg) Pair's Outlook [ANNOUNCE]The Euro
- Thu, 01 Sep 2016 11:28:41 GMT
Strong bearish signals for EUR/AUD
The pair has established a consistent uptrend since year 2012, which it is currently testing at 1.4785 after a dip underneath. In addition to the broken trend-line, the weekly chart shows a descending triangle pattern running the trend, shifting our expectations towards a bearish scenario. A cluster of various time frame SMAs put pressure on the currency, which will, in
- Thu, 01 Sep 2016 09:28:22 GMT
Swiss Franc loses against the Japanese Yen
The Swiss Franc was appreciating strongly up until June 2015, when SNB's attempts to mitigate the overvaluation of the safe haven currency started paying off. Proof for the Franc losing its safe haven status came after the Brexit vote, when investors chose the Yen instead of the Swiss Franc for their risk-off sentiment investments. The pair is now approaching the
- Thu, 01 Sep 2016 07:00:05 GMT
Gold trades below 1,310 on Thursday
"Gold held last month's decline as investors await U.S. jobs data due Friday for further clues on the timing of an interest rate increase." – based on Bloomberg Pair's Outlook [ANNOUNCE]The yellow metal is located between two weekly support levels at 1,310.87 and 1,301.13 without clear direction on Thursday morning.[/ANNOUNCE] Previously, on Wednesday the metal fluctuated around the first weekly support level
- Thu, 01 Sep 2016 06:39:04 GMT
USD/JPY puts the down-trend to the test
"The dollar and Treasury yields had risen in tandem following Jackson Hole last week but that phase came to an end yesterday. The US dollar will not be making much further headway before Friday's non-farm employment report." - Barclays (based on The Business Times)Pair's Outlook [ANNOUNCE]The USD/JPY currency pair posted more gains on Wednesday, but they were limited by the eight-month resistance
- Thu, 01 Sep 2016 06:26:09 GMT
GBP/USD poised for more gains
"We remain broadly bearish on the GBP, anticipating further BOE easing in the months ahead and anticipating that direct investment and portfolio flows will be insufficient to easily fund the UK current account deficit in the near term." - BNP Paribas (based on PoundSterlingLive) Pair's Outlook[ANNOUNCE]The British currency managed to outperform the Greenback on Wednesday, not only retaking the 1.31 level, but
- Thu, 01 Sep 2016 06:15:37 GMT
EUR/USD almost flat at 1.1150 on Thursday morning
"Europe has seen a rise in nationalism and populism that we think could draw into question the whole euro zone project." - Michael Hasenstab, Franklin Templeton, (based on Reuters)Pair's Outlook [ANNOUNCE]The common European currency moved slightly lower on Thursday morning against the US Dollar, as the currency exchange rate still does not manage to find enough support in the cluster below it
- Wed, 31 Aug 2016 13:56:03 GMT
NZD/USD recoups Tuesday's losses on Wednesday
"The Kiwi remains in an upward-sloping bull channel versus the U.S. dollar that will only begin to be compromised with a close below 0.7200." – based on Bloomberg Pair's Outlook[ANNOUNCE]The New Zealand Dollar appreciated against the US Dollar on Wednesday, as the currency exchange rate moved from 0.7222 at the start of the day's trading session to 0.7247 by 11:30 GMT.[/ANNOUNCE]
- Wed, 31 Aug 2016 13:45:06 GMT
USD/CAD stays flat mid-Wednesday
"The U.S. dollar rose to three-week highs against its Canadian counterpart on Tuesday, after the release of mixed data from Canada and as expectations for a near-term U.S. rate hike continued to lend broad support to the greenback." – based on investing.com Pair's Outlook [ANNOUNCE]The US Dollar is trading flat against the Canadian Dollar on Wednesday after scoring gains and surging to
- Wed, 31 Aug 2016 13:34:04 GMT
AUD/USD remains on the back foot
"The [US] dollar is likely to stay on a firm footing into the Friday payrolls report, but we'll need to see a solid set of numbers for gains to be sustained beyond that." – TD Securities (based on Bloomberg) Pair's Outlook [ANNOUNCE]The Australian Dollar experienced a harsh sell-off on Tuesday, with volatility even reaching the 100-day SMA at 0.75.[/ANNOUNCE] Even though the
- Wed, 31 Aug 2016 13:12:05 GMT
EUR/JPY attempts to reconquer 115.00
"EUR/JPY is still seen bouncing off the 112.35/32 current August lows and now trades above the 55 day ma at 114.73. It will need to be cleared on a daily chart closing basis for the July highs at 118.37/45 to be reached." – Commerzbank (based on FXStreet) Pair's Outlook[ANNOUNCE]The Euro continued to outperform the Japanese Yen, with the exchange rate climbing 70
- Wed, 31 Aug 2016 07:10:04 GMT
USD/JPY on the edge of breaking eight-month down-trend
"If higher numbers come out (on the jobs report) and we get another strong reading, that could automatically boost odds of a September rate hike." - SVB Asset Management (based on Reuters) Pair's Outlook [ANNOUNCE]The Greenback managed to appreciate against the Japanese Yen yesterday, with trade closing in front of the 113.00 major level—right in the middle of the immediate resistance cluster.[/ANNOUNCE] With
- Wed, 31 Aug 2016 06:59:03 GMT
GBP/USD attempts to reclaim 1.31
"We remain broadly bearish on the GBP, anticipating further BOE easing in the months ahead and anticipating that direct investment and portfolio flows will be insufficient to easily fund the UK current account deficit in the near term." - BNP Paribas (based on PoundSterlingLive) Pair's Outlook [ANNOUNCE]The Sterling experienced another leg down on Tuesday, falling under 1.31 major level.[/ANNOUNCE] Nevertheless, technical indicators retain
- Wed, 31 Aug 2016 06:49:00 GMT
Gold falls below 1,310 on Tuesday
"Gold is headed for the first monthly decline since May as investors price in the prospect of higher U.S. borrowing costs by the end of the year and slowing purchases of bullion-backed exchange-traded funds." – based on Bloomberg Pair's Outlook [ANNOUNCE]The yellow metal is slightly recovering on Wednesday, as it plunged and reached below the 1,310 level on Tuesday.[/ANNOUNCE] However, the combined
- Wed, 31 Aug 2016 06:48:47 GMT
EUR/USD rebounds and surges on Wednesday
"Near term, the line that extends off of the May and July lows has served as resistance. I'm still employing 1.11 (late May low and close to Brexit day close and 200 day average) as the bull/bear dividing line." – Jamie Saettele, CMT, (based on Daily FX) Pair's Outlook [ANNOUNCE]The common European currency rebounded against the support provided by the weekly S1
- Tue, 30 Aug 2016 14:05:04 GMT
NZD/USD in limbo around 0.7250 mid-Tuesday
"Outlook for US monetary policy remains the key driver of the NZD and an assumed Fed hike later in the year, most probably December, is required to get the currency back down towards the 0.70 mark." – BNZ (based on Business Recorder) Pair's Outlook [ANNOUNCE]On Tuesday, the Kiwi remained volatile against the US Dollar around the same level as on Monday, as the
- Tue, 30 Aug 2016 13:54:05 GMT
USD/CAD tests resistance above 1.30 mark
"The case for an increase in the federal funds rate has strengthened in recent months." – Janet Yellen, chairwoman of the US Federal Reserve (based on BBC) Pair's Outlook [ANNOUNCE]The US Dollar continued to surge against the Canadian Dollar by the middle of Tuesday, as the rate was struggling with resistance put up by the monthly pivot point at 1.3043.[/ANNOUNCE] The currency exchange