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For the 24 hours to 23:00 GMT, the GBP fell 0.10% against the USD and closed at 1.5328, as Britain’s services PMI suffered its sharpest slowdown in nearly four years in May.Data released showed...
For the 24 hours to 23:00 GMT, the EUR rose 1.01% against the USD and closed at 1.1269, following an optimistic speech from the ECB Chief, Mario Draghi.Yesterday, the ECB President stated that the...
USD/JPY severely overbought, and is in need of a correction lower. Failure to get back above 124.45 today targets 124.15/10, then 2 day lows at 123.77/74. Be ready to sell a break below here to target...
Good morning. Hope all is well! We have had a moderate forecast with a 57% accuracy. US dollar had gained some strength while Japanese yen was more sidelined. Today we could be in a for a volatile day...
EUR/USD Open 1.1261 High 1.1285 Low 1.1091 Close 1.1268 On Wednesday Euro/Dollar increased significantly with almost 200 pips. The European currency appreciated from 1.1091 to 1.1285 yesterday,...
CHF/JPY: Long Little changes compared to yesterday. Position has been opened on May 6. The pair was low in the ranking list for about 2 weeks until last week and is now back high in the Top 10 with a...
Australia 200 Thursday, June 4th, 2015In the last week or so, we have seen the confirmation of a medium term trend reversal, as the ASX 200 index has edged up towards the key 5800 level. It has,...
AUD/USD – Thursday, June 4th, 2015 In recent hours, the Australian dollar has been easing back a little, after running into resistance just shy of the key 0.7850 level. In the last couple of...
Morning View:The euro continued to drive markets overnight, with Mario Draghi’s ECB press conference the trigger.Draghi expressed his disappointment with economic growth, and even laughed at the...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Euro Powers Through 1.12, Is 1.15 Next? Weak Data Worries Dollar Bulls GBP: No Surprises Expected from BoE CAD Hit by Weaker...
AUD/USD rose sharply from 0.76 to 0.7818 yesterday. If we take a look at this rally on a 5-minute chart, we will see that it has a perfect five-wave impulsive structure. According to the Elliott Wave...
The following are UBS' latest short-term (mostly intraday) trading strategies for USD/JPY, AUD/USD and USD/CAD. USD/JPY: We would buy on moves toward 123.45-65 with stops below 123.25, targeting...
Talking PointsEUR/USD starts trading in a 153 pip range Price is bouncing from support at 1.1073 R4 breakouts begin at 1.1303 After rising as much as 279 pips in yesterday’s trading, today the...
1.0987 is an interesting level for EUR/USD; it is a visible support level, and it is also where the 50 SMA is sitting. Is this a good level to have some buy orders sitting? A pattern of higher lows is...
We have discussed this before, but show this Great Graphic again. The euro is tracking the movement in German bunds. The magnitude of the moves are different but the direction is clear. The unwinding...