- Thu, 20 Apr 2017 14:42:23 GMT
Kiwi remains in previous range
"The New Zealand dollar gained after consumer prices rose at their fastest annual pace in five-and-a-half years in the first quarter of 2017." — Rebecca Howard, New Zealand Herald Pair's Outlook [ANNOUNCE]During the first half of Thursday's trading session the New Zealand Dollar fluctuated against the Greenback in the range of two previous trading sessions.[/ANNOUNCE] The currency exchange rate fluctuated between the
- Thu, 20 Apr 2017 14:39:19 GMT
USD/CAD reaches long-term trend line
"A drop in oil prices and reports that Canadian officials will try to tame the housing market sent USD/CAD close to 1.35 on Wednesday." — Ashraf Laidi, Intermarket Strategy Ltd. (based on investing.com) Pair's Outlook [ANNOUNCE]By the middle of Thursday's trading session the US Dollar remained almost unchanged against the Canadian Dollar. [/ANNOUNCE]The currency exchange rate was fluctuating just above the combined support
- Thu, 20 Apr 2017 14:36:36 GMT
AUD/USD finds support at monthly S1
"Fundamentally, the Australian economy has suffered a fairly protracted decline which largely mirrors the fall in world commodity prices and the end of the super cycle. However, the Aussie Dollar has largely rejected the negative pressures due to the already steep decline." - Blackwell Global (based on Investing.com)Pair's Outlook [ANNOUNCE]Following its massive plunge on Wednesday, the Aussie found support at the monthly S1.[/ANNOUNCE]
- Thu, 20 Apr 2017 14:34:41 GMT
EUR/JPY experiences strong upside volatility
"We're still hugely vulnerable to political risks. Polling for the first round of the French election is hugely tight. We have no clear indication of how the drama in North Korea will play out. And those factors are more important to us than the ebb and flow of earnings news in the short term." - Christopher Jeffery, Legal & General Investment
- Thu, 20 Apr 2017 07:48:14 GMT
Gold trades above retracement level
"It appears that large fund selling in the Far East overnight is also putting pressure on the price of gold, and this move has kept the Wall Street gold traders guarding their long positions." – Walter Pehowich, Dillon Gage Metals (based on Reuters) Pair's Outlook [ANNOUNCE]As forecasted before the yellow metal has retreated to the support of the 61.80% Fibonacci retracement level, above which
- Thu, 20 Apr 2017 07:46:24 GMT
USD/JPY anchored around the 200-day SMA
"We still think the dollar is going to strengthen over time based on the outlook for US monetary policy... but for now, with markets not heavily focused on monetary policy, it could explain this consolidation (for the greenback)." – Wells Fargo (based on Business Recorder) Pair's Outlook [ANNOUNCE]The US Dollar managed to appreciate against the Yen on Wednesday, with the monthly S1
- Thu, 20 Apr 2017 07:45:04 GMT
GBP/USD struggles to remain at seven-month high
"The USD side also looks supportive for further gains in cable, which reflects softer US data surprises, a longer timeline for fiscal reform and a shift in Fed pricing." – TD Securities (based on FXStreet) Pair's Outlook [ANNOUNCE]As was anticipated, the GBP/USD currency pair underwent a correction on Wednesday, passing through only the immediate support, namely the weekly R3.[/ANNOUNCE] According to technical
- Thu, 20 Apr 2017 07:09:47 GMT
EUR/USD remains below resistance
"Twenty-five Nobel Prize-winning economists have united to warn far-right candidate Marine Le Pen against using their ideas to campaign against the euro and the European Union in her bid for the French presidency." – John Follain, Bloomberg Pair's Outlook [ANNOUNCE]On Thursday morning the common European currency against the Greenback remained below the second weekly resistance, which stopped the pair's Tuesday's jump.[/ANNOUNCE] The resistance
- Wed, 19 Apr 2017 14:25:15 GMT
NZD/USD retreats on Wednesday
"Another highly persuasive interpretation is that the current move higher is beguiling and merely a limited retracement, or potentially, a consolidating component of a fundamental move down." — Leverate Technologies Trading (based on investing.com) Pair's Outlook [ANNOUNCE]By the middle of Wednesday's trading session the New Zealand Dollar against the Greenback had encountered the resistance put up by the weekly R1 at 0.7051 and
- Wed, 19 Apr 2017 14:23:20 GMT
USD/CAD breaks another resistance
"A bullish USD/CAD doesn't jive with a broader USD breakdown but maybe CAD is a sale on crosses at this point." — Jamie Saettele, Daily FX Pair's Outlook [ANNOUNCE]During the first half of Wednesday's trading session the Greenback broke another significant resistance level against the Canadian Dollar.[/ANNOUNCE] The currency exchange rate passed the weekly R1, which is located at the 1.3429 level. If
- Wed, 19 Apr 2017 14:21:02 GMT
AUD/USD goes below 200-day SMA
"The Aussie remained offered as iron ore futures traded at the cheapest levels since November, bringing up worries on whether the Trump's reflation rally is over." — London Capital Group Pair's Outlook [ANNOUNCE]Bears are prevailing is this trading session as well, pushing the pair through the 200-day and 100-day SMAs. [/ANNOUNCE]The sideways movement guiding the Aussie since mid-January has diminished in scope, indicating
- Wed, 19 Apr 2017 14:19:01 GMT
EUR/JPY tests resistance cluster circa 117.10
"We're still hugely vulnerable to political risks. Polling for the first round of the French election is hugely tight. We have no clear indication of how the drama in North Korea will play out. And those factors are more important to us than the ebb and flow of earnings news in the short term."- Christopher Jeffery, Legal & General Investment
- Wed, 19 Apr 2017 08:41:03 GMT
GBP/USD to take a breath after Wednesday's rally
"The USD side also looks supportive for further gains in cable, which reflects softer US data surprises, a longer timeline for fiscal reform and a shift in Fed pricing." – TD Securities (based on FXStreet)Pair's Outlook[ANNOUNCE]UK Prime Minister May's surprise announcement on Wednesday lifted the Sterling, allowing it to gain more than 270 pips against the US Dollar.[/ANNOUNCE] The six-month
- Wed, 19 Apr 2017 08:27:48 GMT
Gold trades below 1,290 mark
"The whole situation for gold is more than optimistic because of the geopolitical tensions aroused by North Korea and with the interest rate hike expectations coming down." – Mark To, Wing Fung Financial Group (based on Reuters) Pair's Outlook [ANNOUNCE]On Wednesday morning the yellow metal's price was in a retreat just below the 1,290 mark, where the commodity price has been since the
- Wed, 19 Apr 2017 08:26:25 GMT
USD/JPY attempts to regain bullish momentum
"We still think the dollar is going to strengthen over time based on the outlook for US monetary policy... but for now, with markets not heavily focused on monetary policy, it could explain this consolidation (for the greenback)." – Wells Fargo (based on Business Recorder) Pair's Outlook [ANNOUNCE]The Greenback was unable to outperform the Japanese currency yesterday, which resulted in a failure
- Wed, 19 Apr 2017 08:22:55 GMT
EUR/USD meets resistance on Wednesday
"The 240-minute EUR/USD chart is rallying from a head and shoulders bottom. If the bulls get a breakout, the targets are a measured move up and a 50% correction." – Al Brooks, Brooks Price Action (based on investing.com) Pair's Outlook [ANNOUNCE]The common European currency has reached the resistance put up by the weekly R2 at 1.0729 against the US Dollar.[/ANNOUNCE] On Wednesday morning
- Tue, 18 Apr 2017 14:28:45 GMT
Kiwi breaks resistance on Tuesday
"Higher inflation and a better dairy auction should be helping the kiwi." — Imre Speizer, Westpac Banking Corp. (based on New Zealand Herald) Pair's Outlook [ANNOUNCE]On Tuesday the New Zealand Dollar traded against the US Dollar between two levels of significance above the 0.70 level. [/ANNOUNCE]Initially the pair found support in the 20-day SMA, which was located at the 0.7002 level. By
- Tue, 18 Apr 2017 14:26:30 GMT
USD/CAD reaches monthly pivot point
"The US dollar is consolidating the gains scored late in the US session yesterday in response to a Financial Times interview with US Treasury Secretary Mnuchin." — Marc Chandler, Brown Brothers Harriman (based on investing.com) Pair's Outlook[ANNOUNCE]During the first half of Tuesday's trading session the USD/CAD currency exchange rate quickly found support in the 38.20% Fibonacci retracement level and began a surge.
- Tue, 18 Apr 2017 14:24:13 GMT
AUD/USD plunges sharply
"We're putting jobs first. We're putting Australians first … We are an immigration nation but the fact remains - Australian workers must have priority for Australian jobs." — Australian Prime Minister Malcolm Turnbull (based on CNBC) Pair's Outlook [ANNOUNCE]The cautious April minutes from the Reserve Bank of Australia seems to weight heavily on the Aussie, erasing its previous gains against the Greenback. [/ANNOUNCE]Downside
- Tue, 18 Apr 2017 14:22:10 GMT
EUR/JPY gains for second consecutive day
"With only five days to go until the first round of the French presidential vote on April 23, investors remain focused on the latest polls showing which way the election is moving." - Investing.com Pair's Outlook[ANNOUNCE]The Euro closed with gains on Monday and it seems that the upward potential may persist today, as well. [/ANNOUNCE]In case the pair remains to trade
- Tue, 18 Apr 2017 08:03:20 GMT
Gold retreats on Tuesday
"The U.S. dollar steadied after Treasury Secretary Steven Mnuchin said U.S. President Donald Trump's recent remarks that the dollar is getting too strong were about the short term."– Nallur Sethuraman, Reuters Pair's Outlook [ANNOUNCE]After hitting a five month high level the gold price began a period of consolidation, which became a decline due to fundamental events.[/ANNOUNCE] The main reason for the decline
- Tue, 18 Apr 2017 08:00:05 GMT
USD/JPY attempts to preserve the channel pattern
"It is unclear whether the situation over North Korea will escalate into military action, but uncertainty is increasing and the dollar continues to edge lower. The dollar also looks shaky technically, after slipping below the 200-day moving average of 108.80 yen." – Mizuho Securities (based on Reuters) Pair's Outlook [ANNOUNCE]Despite initial sharp downside volatility, the US Dollar managed to end the day
- Tue, 18 Apr 2017 07:54:58 GMT
GBP/USD keeps climbing up
"There's significant resistance for GBP/USD between 1.25 and 1.2630." – BK Asset Management (based on PoundSterlingLive) Pair's Outlook [ANNOUNCE]Monday ended with the British Pound outperforming the US Dollar, which resulted in the six-month bearish trend-line getting pierced.[/ANNOUNCE] The Cable, however, now faces another strong resistance, namely the cluster around 1.2610, represented by the upper Bollinger band, the weekly R1 and the 200-day
- Tue, 18 Apr 2017 07:52:58 GMT
EUR/USD trades near 1.0650 mark
"France's presidential race enters its final stretch with no clear winner in sight as the main contenders scrap for votes in a flurry of campaign rallies." – Geraldine Amiel and Vidya Root, Bloomberg Pair's Outlook [ANNOUNCE]On Tuesday morning the common European currency fluctuated against the US Dollar just above the 23.60% Fibonacci retracement level, which is located at the 1.0639 level.[/ANNOUNCE] The rate