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GBP/JPY Currently we are 161.34 continuing a nice downtrend. We are looking to continue to the 0.500 Fibo at 160.46 with an overall target of 159.10. The average daily true range (ATR) for the pair...
The euro is trading at 1.1390 at the moment. The low has traded at 1.1310 while the high has traded at 1.1395. After selling off to touch the low of the day, the euro has rallied back to trade at the...
On Wednesday EUR/GBP managed to strengthen from Tuesday lows. The Euro was supported by strong macroeconomic statistics, released in Germany. According to preliminary data for March, Consumer Price...
Market Drivers for March 31, 2016 Dollar weakness continues UK GDP mixed but better Nikkei -0.71% DAX -0.69% Oil $37/bbl Gold $1237/oz. Europe and Asia AUD: AU Private Sector Credit 0.6% vs. 0.5%...
EUR/USD: Long In Good Shape Chicago Fed President Charles Evans said a "very shallow" series of interest rate hikes over the next few years is appropriate to buffer the US economy from outside shocks...
NZD/CAD Yesterday in NZD/CAD, an interesting daily candle occurred. Demand was punished for too rapid attempt of rebound and on the chart pin bar candle occurred with a long upper shadow. Shadow of...
USD/JPY very minor resistance at 112.41/44, then the main resistance of the day again at 112.66/70. We should struggle here initially, but a break higher today is not out of the question and targets...
GBP/USD failure to beat important trend line resistance at 1.4470/80 is more negative for today. The pair has sold off to first support at 1.4365/55. This is important today and key to direction. A...
EUR/GBP could continue higher to resistance at 7900/10. This could be the limit of the recovery and bears could start to gain control again from here. Having failed to beat the 200dma for over a...
AUD/USD beat 7650/55 for a buy signal, and target 7708/12 was hit. Looks like we could see a pull back today however. Minor support at 7654/50, but below here targets 7620/16. This should hold the...
Market Brief The US dollar’s three-day losing streak came to an end on Thursday as investors finished pricing in Yellen’s dovish comments. The dollar index stabilised at around 94.92,...
New York Forex Report: Dollar Dives On Dovish Yellen New York Forex Report: USD remains under pressure over early European trading today following comments made by Fed Chair Yellen yesterday, which...
EUR/USDRisk reward: 2.53Volatility: HighBuy at 1.1309 SL 1.1277 TP 1.1390 USD/JPYRisk reward: 1.72Volatility: AverageSell at 112.49 SL 112.81 TP 111.94 GBP/USDRisk reward: 2.09Volatility: HighBuy at...
Global equities continued to make gains following Yellen’s dovish outlook on Tuesday, which boosted risk-on sentiment. The Dow Jones and the S&P 500 indices in the US both closed at a new...
Just how firm is the US labour market? Yesterday’s ADP Private Employment data suggests another month of firm jobs growth due on Friday, as 200,000 jobs were added across March. Friday’s...