- Tue, 03 May 2016 13:34:04 GMT
AUD/USD suffers from RBA's decision
"The move by the RBA wasn't exactly unexpected following last week's inflation release but at the same time, it was not a guarantee either, with the Australian economy showing signs of improvement as highlighted repeatedly by the central bank itself." - Oanda (based on Market Watch) Pair's Outlook [ANNOUNCE]The AUD/USD currency pair managed to preserve the rising wedge pattern yesterday, as the exchange
- Tue, 03 May 2016 13:23:13 GMT
EUR/JPY stuck between 122.00 and 123.00
"The BoJ seemed intent on teaching the markets to be 'patient,' downgrading the inflation forecast yet again while taking no action. This is a fateful miscalculation in our view." - Goldman Sachs (based on CNBC) Pair's Outlook [ANNOUNCE]Not only did the European single currency appreciate against the Japanese Yen on Monday, but also erased Friday's losses completely.[/ANNOUNCE] However, this rebound was no game
- Tue, 03 May 2016 09:07:08 GMT
Gold at risk of losing steam as 1,300 mark fails
"I think gold can reach $1,300-$1,400 in the second quarter. Investors are following the yen-dollar movement and central bank decisions, and the ETF inflows are a very good sign."- Wing Fung Financial Group (based on CNBC)Pair's Outlook[ANNOUNCE]The winning streak of gold futures tried to extend as far as 1,304 on Monday, but the bears regained momentum by the end of
- Tue, 03 May 2016 08:56:05 GMT
USD/JPY puts 106.00 to the test
"Dollar-yen looks like a lemming hurling itself off a cliff, and the yen bulls may end up feeling a bit like lemmings in due course. Recession, capital outflows and long speculative positions, yet still the yen rallies towards USD/JPY 100."- Societe Generale (based on Business Recorder)Pair's Outlook[ANNOUNCE]Even though the Greenback managed to edge higher against the Yen yesterday, thus, confirming
- Tue, 03 May 2016 08:45:07 GMT
GBP/USD takes another shot at retaking 1.47
"From a technical point of view, and despite the rally extended, the upside is looking slightly exhausted, as in the 4 hours chart, the technical indicators lack clear directional strength, having turned modestly lower within positive territory."- FXStreetPair's Outlook[ANNOUNCE]On Monday the Sterling managed to prolong its bullish momentum and post rather solid gains against the US Dollar. [/ANNOUNCE]The Cable's upside
- Tue, 03 May 2016 08:34:14 GMT
EUR/USD surges past 1.15, stopped by W/M R1
"The rug has been pulled from the dollar, and the euro can go nowhere but up."- Westpac Banking Corp. (based on Bloomberg)Pair's Outlook[ANNOUNCE]Weakness of the Dollar transferred to the new working week, as another piece of soft North American data pushed EUR/USD beyond 1.15.[/ANNOUNCE] By violating multi-month resistances, including the October 2015 high, the pair was only capped by the
- Mon, 02 May 2016 13:42:04 GMT
USD/CAD to remain above 1.25
"Despite this year's recovery in oil prices, huge inventories combined with risk of further bad news on the Chinese economy suggests that momentum could peter out. This factor combined with risk that the BoC will retain a cautious policy outlook suggests USD/CAD may yet pop back above the 1.30 level later this year." - Rabobank (based on FXStreet) Pair's Outlook [ANNOUNCE]The Greenback remained completely unchanged
- Mon, 02 May 2016 13:31:08 GMT
EUR/JPY regains the bullish momentum
"There still remain the aftereffects of the BOJ's inaction." - Mitsubishi UFJ Morgan Stanley (based on Market Watch) Pair's Outlook[ANNOUNCE]The EUR/JPY currency pair edged lower for the second time on Friday, having plunged under the 122.00 major level.[/ANNOUNCE] After such a serious slump the Euro is expected to undergo a correction and climb back over the 122.00 mark, with the closest resistance
- Mon, 02 May 2016 13:20:18 GMT
NZD/USD surges back above 0.70
"If the U.S. data continues to disappoint, things may look different for the dollar." - Credit Agricole SA (based on Bloomberg) Pair's Outlook [ANNOUNCE]The New Zealand Dollar succeeded in outperforming the American Dollar on Friday, but failed to retake the 0.70 mark, ultimately posting a 20-pip gain.[/ANNOUNCE] The Kiwi is seen taking another attempt at edging over the 0.70 psychological level, despite technical
- Mon, 02 May 2016 13:19:43 GMT
AUD/USD climbs back over the 0.76 level
"The slightly softer China PMI releases over the weekend limit the prospects for a rebound in the Australian dollar into tomorrow's meeting."- Bank of New Zealand (based on The New Zealand Herald) Pair's Outlook [ANNOUNCE]Upon putting the 20-day SMA to the test, the Australian currency erased all intraday gains and suffered an 18-pip loss, having approached the 0.76 major level on Friday.[/ANNOUNCE]
- Mon, 02 May 2016 08:40:13 GMT
Gold at 15-month peak as haven demand surges
"With the majority of Asia out today and London on holiday tonight we are expecting a range-bound session. However as gold trades towards $1,300, days of thin liquidity can throw up surprises."- MKS Group (based on CNBC)Pair's Outlook[ANNOUNCE]On Friday gold prices were a subject to the sharpest rally since mid-March. Daily increase, which amounted to more than 2%, brought the
- Mon, 02 May 2016 08:29:24 GMT
USD/JPY under the risk of slumping under 106.00
"There still remain the aftereffects of the BOJ's inaction."- Mitsubishi UFJ Morgan Stanley (based on Market Watch)Pair's Outlook[ANNOUNCE]The US Dollar experienced another relatively sharp decline on Friday, falling below the 18-month low of 107.63.[/ANNOUNCE] The Greenback now could undergo a corrective rally, despite the Bollinger band providing immediate resistance around 106.25, just above the opening price. Meanwhile, technical indicators are
- Mon, 02 May 2016 08:18:27 GMT
GBP/USD attempts to climb over 1.46
"If the U.S. data continues to disappoint, things may look different for the dollar."- Credit Agricole SA (based on Bloomberg)Pair's Outlook[ANNOUNCE]The GBP/USD currency pair remained relatively unchanged on Friday, with the pair edging only 5 pips higher over that day.[/ANNOUNCE] The Cable is expected to continue climbing higher today, with the nearest resistance located only around 1.4710. However, there is
- Mon, 02 May 2016 07:48:07 GMT
EUR/USD to tackle April high amid rally
"Markets are not expecting the Fed to do much ... so that's putting some downward pressure on the dollar."- Mizuho Corporate Bank (based on Reuters)Pair's Outlook[ANNOUNCE]Advance of the Euro against the Greenback was stretched over the American session on Friday, as the market allowed for a spike up until the 1.1450 mark.[/ANNOUNCE] Although the pair fell short of reaching the