- Wed, 14 Sep 2016 07:36:06 GMT
USD/JPY probes down-trend
"The media report is about the BOJ considering a deeper cut in negative rates, but in a seemingly more broader time frame. As such, expectations that the BOJ would ease next week have not risen excessively." - Societe Generale (based on Reuters)Pair's Outlook[ANNOUNCE]Despite a lack of events in the economic calendar the US Dollar managed to strengthen, and now there is
- Wed, 14 Sep 2016 07:25:07 GMT
GBP/USD dives under 1.3250; pair looks south
"Given how dovish market pricing is, the hurdle for the dollar to rally is low, while the hurdle for it to fall in any meaningful way is substantial." - Goldman Sachs Group Inc. (based on Bloomberg) Pair's Outlook[ANNOUNCE]The support trendline (lower bound of the five-week channel) we expected to hold the pair failed before the Cable gained a solid foothold above 1.34
- Wed, 14 Sep 2016 07:14:27 GMT
Gold finds support on Wednesday
"It's important for all gold stock investors to understand that anything can happen at next week's critically important FOMC and BoJ meetings." - Graceland Investment Management (based on investing.com)Pair's Outlook[ANNOUNCE]The yellow metal found support in the first weekly support level at 1,315.33 on Wednesday morning, and afterwards the bullion slightly rebounded to trade around 1,320. [/ANNOUNCE]Previously, on Tuesday the metal was
- Wed, 14 Sep 2016 07:14:09 GMT
EUR/USD reaches trend line
"Daniele Nouy, head of the ECB's supervisory arm, has made tackling non-performing loans a priority since the Frankfurt-based central bank began overseeing euro-area banks in 2014." – based on BloombergPair's Outlook [ANNOUNCE]The common European currency fell and confirmed a channel up pattern's lower trend line against the US Dollar on Tuesday and once more on Wednesday. [/ANNOUNCE]However, the general trend of Wednesday's
- Tue, 13 Sep 2016 13:45:05 GMT
NZD/USD retreats from weekly PP
"The New Zealand dollar retreated from a 16-month high as some traders deemed it had risen too far, too fast, and after the European Central Bank disappointed the market by not flagging any additional easing measures." – based on New Zealand HeraldPair's Outlook[ANNOUNCE]The New Zealand Dollar ended Monday's trading session against the US Dollar just before it attempted to break through
- Tue, 13 Sep 2016 13:34:03 GMT
Critical moves ahead for AUD/USD
"Recent movements worldwide might suggest that the market was in a somewhat "complacent mode", with yields expectations at rock bottom." – based on Daily FXPair's Outlook[ANNOUNCE]Tests of the channel bottom trend-line do not seem to have come to an end yet, implying a critical move ahead, when AUD/USD will have to break either the three and a half year senior downtrend
- Tue, 13 Sep 2016 13:23:03 GMT
EUR/JPY stalled by 114.47 once more
"The weaker-than-expected readings follow a run of dismal data, raising questions about future growth as Germany grapples with the fallout from Britain's vote in June ." – based on ReutersPair's Outlook[ANNOUNCE]The 114.36/47 level proved itself unbreakable, causing EUR/JPY to bounce and shift into a bullish stance on Tuesday.[/ANNOUNCE] The trend remained intact all morning even after less than satisfactory German fundamental
- Tue, 13 Sep 2016 13:12:04 GMT
Strong support ahead for CAD/JPY
CAD/JPY has experienced quite a few jumps over the last two decades, but somehow managed to almost always keep the 73.20 level beneath, revisiting it from time to time. The pair squeezed out its all time highs in 2007, followed by a 46 percent aggregate sell-off over the next two years. After erasing some of the losses with a tap
- Tue, 13 Sep 2016 13:01:20 GMT
USD/CAD once more reaches for weekly R1 at 1.3130
"The currency extended its loss this quarter, the worst performance among Group-of-10 peers." – based on BloombergPair's Outlook[ANNOUNCE]The US Dollar continued its surge against the Canadian Dollar on Tuesday, as the currency exchange rate reached for the weekly R1 at 1.3130.[/ANNOUNCE] However, the pair had already attempted to break through the weekly resistance on Monday, and it failed to move through
- Tue, 13 Sep 2016 07:40:04 GMT
Gold remains squeezed in
"For the manager of the largest exchange-traded fund backed by the metal, not even a surprise increase in U.S. borrowing costs this month would be enough to damp investor appetite for gold." – based BloombergPair's Outlook[ANNOUNCE]On early Tuesday morning, the bullion had almost touched the weekly PP at 1,333.94. However, the yellow metal remains squeezed in[/ANNOUNCE] between a strong support level
- Tue, 13 Sep 2016 07:29:10 GMT
USD/JPY above 100 but below 103 yen
"In the near-term, yen momentum will depend on the Bank of Japan's meeting, with expectations low for the Fed to move. Global equity markets are lower overall and that tends to be supportive for the yen." - Wells Fargo Securities LLC (based on Bloomberg)Pair's Outlook[ANNOUNCE]The latest attempt of USD/JPY to recover was denied by 102.70, where the weekly pivot point merges
- Tue, 13 Sep 2016 07:18:04 GMT
GBP/USD bounced off of 1.3230
"We can stick with our main scenario that the Fed won't raise rates in September. All the talk about a possible rate hike in September turned out to be noise." - Standard Chartered Bank (based on Reuters)Pair's Outlook[ANNOUNCE]As expected, the currency pair rebounded after approaching the lower bound of the five-week channel.[/ANNOUNCE] The rally from 1.3230 is also supported by the
- Tue, 13 Sep 2016 07:00:15 GMT
EUR/USD remains flat on Tuesday
"In a week when global equity markets were hit hard after weeks of low volatility and stability, it's of little surprise that the Euro emerged as a top performer." – Christopher Vecchio, currency strategist, (based on Daily FX)Pair's Outlook[ANNOUNCE]The most traded currency pair on the market remained flat on Tuesday morning, as the markets expect new data about the strength of
- Mon, 12 Sep 2016 13:59:03 GMT
USD/CAD above 1.31 on Monday
"The Canadian dollar fell from a three-week high after the Bank of Canada said weak inflation and slower growth present a mounting threat to the nation's economy, boosting bets for monetary easing." – based on BloombergPair's Outlook[ANNOUNCE]The US Dollar continued to score gains on Monday against the Canadian Dollar, as the currency exchange rate traded above the 1.31 mark by 11:15
- Mon, 12 Sep 2016 13:48:03 GMT
EUR/JPY unable to break 114.39 ahead of fundamental volatility
"The Yen has reversed a portion of the losses; and this has helped to bring EUR/JPY back down to support around 114.08." – based on Daily FXPair's Outlook[ANNOUNCE]EUR/JPY opened with a dip on Monday, proving 114.39 to be a hurdle likely to stay unbroken[/ANNOUNCE], when the pair dipped to the Monthly Pivot Point, 55-day SMA, 38.20% Brexit plunge Fibo and 20-day
- Mon, 12 Sep 2016 13:32:16 GMT
Euro outperforms Kiwi while general bear-trend still present
EUR/NZD movements have been carried by a downtrend serving as significant support for 18 years already. The line is likely to prove its dominance once again over the next year or two. A line that is bound to put up a battle over the upcoming weeks is the 1.5110 demand level, which had left its mark on the pair's movements
- Mon, 12 Sep 2016 13:18:32 GMT
AUD/USD tests channel up trend-line
"Recent movements worldwide might suggest that the market was in a somewhat "complacent mode", with yields expectations at rock bottom." – based on Daily FXPair's Outlook[ANNOUNCE]The broadening wedge established by AUD/USD over the recent months transformed to obtain more channel-like forms, testing 0.7521, the lower trend-line, at the moment. [/ANNOUNCE]The bullish momentum gained through the ascending pattern could beat any bearish
- Mon, 12 Sep 2016 07:52:05 GMT
USD/JPY lingers near 55-day SMA
"The rise in global bond yields are being seen as a negative factor by the risk asset markets, which in turn is supporting the yen and capping the dollar." - IG Securities (based on Reuters)Pair's Outlook[ANNOUNCE]Although there has just been a test of the upper bound of the 10-month channel, the pair does not seem keen to leave its vicinity.[/ANNOUNCE] The
- Mon, 12 Sep 2016 07:41:04 GMT
GBP/USD heads to 1.32
"The unclear guidance that the FOMC and oil-producing nations are providing could weigh on risk appetite in the short term ahead of any announcements." - ANZ Bank New Zealand (based on Bloomberg)Pair's Outlook[ANNOUNCE]The Cable keeps retreating after it topped out at 1.3450, and the rate is likely to fall some 70 pips more before we see a recovery back to the
- Mon, 12 Sep 2016 06:52:55 GMT
Gold finds support on Monday morning
"Gold fell slightly early Monday as hawkish comments from U.S. Federal Reserve officials late last week raised bets on a rate hike as early as September." – based on Reuters Pair's Outlook[ANNOUNCE]On early Monday morning the yellow metal found support in the monthly PP at 1,326.43 and had moved slightly higher.[/ANNOUNCE] However, the bullion is being pressured from the upside by
- Mon, 12 Sep 2016 06:52:39 GMT
EUR/USD set for 1.1325 mark
"Euro-area finance ministers sounded a familiar alarm bell about lagging Greek economic reforms, saying the nation still has much to do to qualify for its next aid payout." – based on BloombergPair's Outlook[ANNOUNCE]The common European currency started a new week against the US Dollar at 1.1234, which is slightly above the weekly pivot point at 1.1233. Due to that, the pair
- Fri, 09 Sep 2016 14:07:03 GMT
Kiwi falls from heights
"The New Zealand dollar retreated from a 16-month high as some traders deemed it had risen too far, too fast, and after the European Central Bank disappointed the market by not flagging any additional easing measures." – based on New Zealand Herald Pair's Outlook[ANNOUNCE]The New Zealand Dollar depreciated against the US Dollar by mid Friday below the level of 0.7370, where
- Fri, 09 Sep 2016 13:56:03 GMT
USD/CAD breaks resistance cluster mid-Friday
"The Canadian dollar fell from a three-week high after the Bank of Canada said weak inflation and slower growth present a mounting threat to the nation's economy, boosting bets for monetary easing." – based on Bloomberg Pair's Outlook[ANNOUNCE]The US Dollar is surging against the Canadian Dollar on Friday, as the currency exchange rate managed to break through a strong resistance cluster
- Fri, 09 Sep 2016 13:45:03 GMT
Senior downtrend takes over AUD/USD
"On the release front, Australian Home Loans posted a sharp decline of 4.2%, much worse than the estimate of a 1.3%." – based on MarketPulse Pair's Outlook[ANNOUNCE]The senior downtrend AUD/USD has been respecting for three and a half years already just proved its dominance by denying access to levels on the other side. [/ANNOUNCE]The pair dipped 0.6 percent over Friday's