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FXSnip: USD/CHF Pair Expected To Find Support At 0.9232

18/06/2013 09:18

For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9225 reports GCI Financial. In the Asian session, at GMT0300, the pair is trading at 0.9232, with the USD »

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FXSnip: GBP/USD Markets Remain Quiet

18/06/2013 07:44

No change in the GBP/USD,the market is very quiet writes Carol Harmer, Charmercharts.com We remain looking toppy on the Daily charts ...so we are keeping the strategy the same as yesterday. Only »

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Technical Analysis USD/NOK: Next Sell Target At 5.7000

9:36am yesterday

  • USD/NOK Falls After Failing To Break Above Strong Resistance At  5.9000
  • Closest Sell Target At 5.7000
  • If 5.7000 Is Broken – Next Sell Targets At 5.6000 And 5.5000

USD/NOK falls after failing to break above strong resistance at  5.9000 USD/NOK is continuing to fall inside the (C)-wave of the longer-term ABC correction to the preceding medium-term upward pr »

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Copper Update: Pushed But Not Reached Target

7:19am yesterday

Copper pushed higher as expected but we have not yet reached our next target of 325.20/30. This could hold the topside if seen today but a push higher may stretch as far as 327.00/50. Wecould expec »

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FXSnip:EUR/NZD Reverses From Resistance Level 1.7000

14/06/2013 08:54

  • EUR/NZD reverses from strong resistance at 1.7000
  • Nearby sell target - 1.6330
  • If 1.6330 is broken – next sell target at major support 1.5000.

EUR/NZD reverses from strong resistance at 1.7000 EUR/NZD has recently risen in the extended upward corrective C-wave of the weekly ABC correction to the prevailing weekly downtrend. This ABC correct »

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FXSnips: USD/JPY Continued Lower to 93.70

13/06/2013 15:21

USD/JPY broke 96.20 & continued lower to our target of 93.70/50. We wrote yesterday that this is solid long term support & should offer a very good buying opportunity. The low was 93.79 sosupp »

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FXSnip:EUR/USD Euros Reached Overnight Highs of 1.3370

13/06/2013 06:50

Euros edged higher yesterday reaching overnight highs of 1.3370. We have divergence on the 60min charts which suggests we should see some downward moves early this morning writes Carol Harmer, Charmer »

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CAD/CHF set to fall to support level 0.9000

12/06/2013 10:14

  • CAD/CHF falls after reversing from strong resistance level 0.9500
  • Closest sell target 0.9000
  • If 0.9000 holds – correction target at 0.9500
  • If 0.9000 is broken on a closing basis – next sell target at 0.8600

CAD/CHF falls after reversing from strong resistance level 0.9500 CAD/CHF just completed the 2nd intermediate correction to the preceding 1st intermediate impulse from the end of the larger 2nd prima »

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Video Analysis:EUR/USD Testing Important Resistance Area at 1.3350/1.3360

12/06/2013 09:58

EUR/USD has turned higher in the last three weeks from 1.2800 region where we now labeled end of a corrective wave B) that is part of a larger three wave rally from 1.2750. As such, we think that rec »

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Largest USD/JPY Drop in 3 Years, China in Focus

12/06/2013 07:45

  • Yen Was Best Performer
  • Leaked Story Of Loan Extension
  • All Eyes On Governor Wheeler

USD/JPY crumbled after the BOJ opted to maintain the status quo, something we warned about yesterday reports Ashraf Laidi. Yen Was Best Performer The yen was easily the best performer while the US »

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EURO Facing No Immediate Opposition

11/06/2013 15:09

  • USD/JPY Dropped From Loftier Heights
  • B of J Maintained Policy To Increase Monetary Base
  • 2 Day German Constitutional Court Hearings

  There is little time to waste if you want to stay within catching distance of these markets reports Dean Popplewell, Oanda. USD/JPY Dropped From Loftier Heights Originally lacking direction »

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Yen Selling, Reloaded?

11/06/2013 12:47

  • Japanese Q1 GDP Revised Upward
  • JPY Sellers Are Back In Business
  • So what’s next?

For Yen bears there’s no news like good news, and much to their chagrin, this is the exactly what they got. Japanese Q1 GDP Revised Upward Yesterday,Japan’s Q1 GDP was revised upward to »

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FXSnip: CAD Excels Due To Canadian Housing Starts

11/06/2013 09:43

For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.0199. The Loonie remained buoyant yesterday as Canadian housing starts rose to a level of 200.2K in May, fastest pac »

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FXSnip: GBP/USD Price Action Fail at 1.5603

11/06/2013 08:14

GBP/USD:Yesterday saw the price action fail at 1.5603.This was good as it meant it kept you in a short positionand the Algo systems failed to take out this resistance. We use this resistance once more »

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FXSnip: EUR/USD Dollar Gained Strength On Employment Data

10/06/2013 11:23

On Friday, EUR declined 0.14% against the USD and closed at 1.3224. The dollar gained strength as the US employment growth in May was higher than market expectations, which renewed speculation that th »

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Technical Analysis: USD/JPY Continues To Rise

10/06/2013 10:34

  • Continues predominant uptrend
  • Buy target at 100.00, followed by 104.00
  • Strong support area around 96.50

Continues Predominant Uptrend USD/JPY continues to rise in line with the strong uptrend that can be seen on the daily and the weekly charts. The pair previously reversed down from the resistance leve »

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Yen Strength Roils Capital Markets

07/06/2013 16:17

  • Fear Of Contraction
  • Promises Dont Deliver
  • Negative Sentiment Engulfed Traders

Momentum in Yen strength has been substantial during the past week, but the increase during the past two trading session has been more than abrupt.  Fear Of Contraction The USD/JPY has declined »

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Technical Analysis: AUD/USD Just Broke Down Below 0.9700

07/06/2013 13:06

 

  • AUD/USD breaks below major support at 0.9700
  • Closest sell target at 0.9375
  • If 0.9375 holds – possible correction to 0.9700

AUD/USD breaks below major support at 0.9700 AUD/USD just broke down below the major long-term support level 0.9700. This support level has been reversing the pair up from the start of 2011 (having p »

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Pre NFP Analysis & What To Expect From FOMC Later

07/06/2013 10:42

  • It Wasnt Meant To Be Like This
  • ECB Rate Unchanged
  • Worry Amongst USD/JPY Traders

NFP is the broadest gauge of job creation and a strong reading will put many doubts to rest about the US growth traction. Today the FOMC are expected to announce the creation of +165k new jobs at 8.30 »

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Euros Defied Gravity Yesterday

07/06/2013 07:08

Euros defied gravity yesterday and sliced through resistance at 1.3175, coming to 1.3305 writes Carol Harmer, Charmercharts. We are seeing a little corrective pressure currently and we may well »

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USD Taking The Strain Ahead Of NFP Tomorrow

06/06/2013 16:38

Hope is rapidly fading for the USD bulls after today’s developments, led by USDJPY smashing down through the 55-day moving average in late European trading. The greenback will need an enormous r »

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FXSnip: USD/JPY Retested This Week's Low of 98.90/80

06/06/2013 14:46

USDJPY retested this week’s low of 98.90/80. This remains good support & should offer a second buying opportunity as stated yesterday, with stops needed below 98.50. We are looking for a »

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FXSnip: GBP/USD Market Entering Overbought Territory

06/06/2013 07:19

So we have basically hit target at 1.5420, we have reached 1.5418 reports Carol Harmer, Charmercharts.com The market is entering overbought territory and because we have hit our target and longs have »

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Yen Strengthens on Weak US Data

05/06/2013 16:23

  • Lofty Goal of Increasing Income by 3%
  • ADP Released Private Payroll Employment Report
  • Heavy Technical Picture for USD/JPY

The technicals first presented a picture of the USD/JPY rolling over from its recent highs in late May, and continued to show signs of a weakening dollar when momentum turned negative and a moving ave »

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Technical Analysis: USD/JPY Hit Target of 99.35

05/06/2013 15:15

USDJPY broke 99.85 to hit the target of 99.35 & bottomed just below here. The short term outlook is still negative so we cannot rule out a retest of this week’s low of 98.90/80. This remains&nb »

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Video Analysis: AUDUSD New Bearish Leg Seems To be In Progress

05/06/2013 13:00

AUDUSD moved sharply higher at the start of the week up to area of fourth waves of lower degree that reacted as a nice reversal zone. Notice that pair also turned bearish after finished three wave ral »

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Technical Analysis: AUD/NZD Has Been Falling Sharply

05/06/2013 12:51

  • AUD/NZD falls inside sharp weekly C-wave
  • Closest sell target - 1.1800
  • Stop-loss can be placed above resistance level 1.2100

AUD/NZD falls inside sharp weekly C-wave AUD/NZD has been falling sharply in the last few weeks – inside the extended downward impulse wave, which is the C-wave of the large primary ABC corre »

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FXSnip: GBP/USD Overall Scenario Unchanged

05/06/2013 07:42

Inside day leave the overall scenario unchanged...1.5299/95 is support...so we go just in front of here at 1.5305 and go long..stops to be kept quite tight below 1.5259 which is the short term 50 »

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FXSnip:USD/JPY Japanese Monetary Base Increases in May

04/06/2013 13:31

For the 24 hours to 23:00 GMT, the USD weakened 0.75% against the JPY and closed at 99.74 reports GCI Financial. In the Asian session, at GMT0300, the pair is trading at 99.70, with the USD trading »

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FX SNIP: GBP/USD Cable Rose Again

04/06/2013 08:23

Cable rose again, just clipping the 4hr 61.8 % Fib level at 1.5368, rising to 1.5378 writes Carol Harmer, Charmercharts.com All longs were covered on this rise. We have pulled back from these hi »

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Video Update: S&P, Oil, USD/JPY

03/06/2013 11:54

Forexspace is pleased to bring you the latest market update from EzeeTrader.  Today the video focussed on ; The S&P rollover Oil pattern still remains USD/JPY Creeps its way down AUD/U »

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Technical Analysis: USD/CHF Continues To Decline

03/06/2013 11:44

  • USD/CHF falls after completing primary correction ②
  • Sell targets: 0.9270 and 0.9000
  • Strong resistance zone between 0.9800 and 1.0000

USD/CHF falls after completing primary correction ② USD/CHF continues to decline after the recent completion of the primary ABC correction ② to the preceding primary downward price impulse ① fr »

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FXSnip: AUD/USD Expected To Find Support At 0.9562

03/06/2013 10:13

On Friday, the AUD weakened 0.99% against the USD to close at 0.9572 reports GCI Financial. LME Copper prices declined 0.1% or $4.50/MT to $7241.0/MT. Aluminium prices rose 1.0% or $18.5/MT to $1875. »

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Technical Analysis: GBP/CHF

31/05/2013 13:14

  • GBP/ CHF reverses from strong resistance 1.4750
  • Sell targets: 1.4480, 1.4400 and 1.4000
  • Major resistance area close to 1.4750

GBP/CHF has recently completed the 2nd primary corrective ABC wave ② to the preceding primary downward price impulse ① from August of 2012. GBP/ CHF reverses from strong resistance 1.4750 This p »

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FXSNIP: AUD/USD Overstretched Then Oversold

30/05/2013 13:49

The Aussie overstretched to 9528 yesterday, but soon the oversold forces kicked in and up we came reports Carol Harmer, Charmercharts. We have reached the 4hrly 23.6 Fib level at 9698 but the mar »

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FXSNIP: EUR/USD Scope for Further Strength

30/05/2013 08:25

Euros have been trading higher this past few sessions, and there is scope for further strengththis morning reports Carol Harmer, Charmercharts.com. We look for a move to 1.2990/1.3010 and here we take »

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FXSNIP: GBP/USD Continues to Fall

29/05/2013 12:02

  • GBP/USD Falls Afer Breaking Daily ABC Correction
  • Sell target 1.4830
  • Expect Resistance at 1.5300 and at 1.5600 (strong)

GBP/USD Falls Afer Breaking Daily ABC Correction GBP/USD continues to fall after the recent breakout of the daily Up Channel which enclosed the clearly-formed intermediate ABC correction to the prece »

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FXSNIP: USD/JPY Japanese Yen Trading Higher In Asian Session

29/05/2013 08:58

For the 24 hours to 23:00 GMT, the USD strengthened 1.39% against the JPY and closed at 102.52 reports GCU Financial. In the Asian session, at GMT0300, the pair is trading at 102.21, with the USD tra »

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Euros Biggest Open Close Decline In 3 Weeks

29/05/2013 06:36

Last week's decision to raise the stops and lower the targets on both of our existing EURUSD shorts was justified by Tuesday's 100-pip decline to 1.2850, which is the biggest open-close decline since »

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EXCLUSIVE:Top 3 FX Ideas For The Week

28/05/2013 16:27

Top 3 FX Ideas for the Week, provided exclusively for Forexspace.com by Forex.com's Director Of Research Kathleen Brooks.      USD/JPY Focus on Dollar Yen - Being Led by the Nik »

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USD/JPY & Japanese Bond Yields

28/05/2013 16:15

  • Japanese Bond Yields
  • USD/JPY & 10 Yr Bonds
  • Yields May Be Rising

USDJPY has managed to claw back recent losses today as it has followed the Nikkei (the Japanese stock market) higher and been given a boost by a better than expected reading of US consumer confidence, »

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Tuesday Video Update- 3 Stages Of A Trader

28/05/2013 15:22

Forexspace is pleased to bring you the latest market update from EzeeTrader.  Today the video focussed on the 3 Stages of a Trader. »

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DAX Support At 8332

28/05/2013 15:11

Dax support at 8332 then 8292 & last week’s low at 8261. A low for the day is possible again here today but a break lower cannot be ruled out and could target 8235/25. Any longs here need&n »

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FXSNIP:AUD/USD: Aussie Trading Higher In The Asian Session

28/05/2013 14:55

For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 0.9630 reports GCI Financial. LME Copper prices declined 0.6% or $45.50/MT to $7240.0/MT. Aluminium prices declined »

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FXSNIP: GBP/AUD Pair On The Rise

27/05/2013 17:21

  • GBP/AUD Rises Sharply After Breaking Long-Term Resistance Trendline
  • Buy Targets at 1.5900 and 1.6200
  • Closest Support at 1.5400

 

GBP/AUD has risen sharply in the last week and continues to rise from today’s open – following the recent breakout of the long-term downtrend resistance trendline from the July of 2010. G »

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Video Analysis: USD/JPY Is Showing Bearish Elliott Wave Set-up

24/05/2013 10:36

USD/JPY fell sharply lower in this week and it seems that pair has reached a temporary top. The reason is sharp decline this week that was clearly made in five waves. In Elliott Wave Theory we know t »

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FXSNIP: AUD/JPY Continues To Fall

24/05/2013 10:24

    • AUD/JPY Reverses From Major Resistance 105.00
    • Falls Inside C-wave Of The Minor ABC Correction
    • Sell Targets: 97.00, 93.00 and 90

 

AUD/JPY Reverses From Major Resistance 105.00 AUD/JPY continues to fall after its recent reversal from the major resistance zone made out of the multi-year resistance level 105.00 (which had previous »

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USD/JPY Takes The Biggest Fall In Three Years

23/05/2013 16:20

  • USD/JPY Staged A Massive Reversal
  • The Stock Bubble Hasnt Yet Popped 
  • The Economy Is Improving Say The Fed

USD/JPY has plunged from four year highs to its lowest level in the last years during today’s European trading hours, signifying the start of Yen weakening, while US Dollar remains resilient and »

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FXSNIP:GBP/USD: Weak Retail Sales Data Saps Pound

23/05/2013 08:35

For the 24 hours to 23:00 GMT, GBP fell 0.83% against the USD and closed at 1.5034, after retail sales in the UK fell below market expectations, dropping 1.3% (MoM) in April, following a revised 0.6% »

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Video Analysis: AUD/USD Bearish Waves Should Continue

22/05/2013 15:15

Bearish Waves Should Continue After a Corrective Retracement-Elliott Wave Video: AUDUSD has been moving sharply lower in the last few weeks within wave three that now shows evidences of a low »

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Technical Analysis: CHF/JPY Continues To Rise

22/05/2013 12:12

  • CHF/JPY set to break out of daily Pennant
  • Buy target 112.00 (intervening resistance at 108.00)
  • Sell target 100.00 (intervening strong support at 104.00)

CHF/JPY continues to rise inside the clearly formed Pennant chart pattern on the daily charts. This daily Pennant formed when the pair recently finished the 2nd intermediate corrective down wave of th »

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FXSnip:EUR/USD Should See Markets Come Lower At European Open

22/05/2013 08:16

Euros slowly came higher and we hit the 61.8 short term Fib at 1.2939. Short term charts are looking a little overbought, so we should see the market come lower as we initially go into the European op »

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FXSnip: USD/JPY B of J Key Interest Rates Unchanged

22/05/2013 08:07

For the 24 hours to 23:00 GMT, the USD strengthened 0.27% against the JPY and closed at 102.43 reports GCI Financial. However, gains in the Dollar were pared after two Federal Reserve members supporte »

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FXSNIP: USD/JPY Yen Continues To Trade Higher

21/05/2013 10:00

For the 24 hours to 23:00 GMT, the USD weakened 0.56% against the JPY and closed at 102.15 reports GCI Finacial The Yen continued to trade higher on Japan Economy Minister, Akira Amari’s commen »

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FXSNIP: GBP/USD Watch Out For Cable

21/05/2013 07:11

Cable has not yet turned bullish on the daily charts, but we are turning this way reports Carol Harmer, Charmercharts.com So we, at the moment, favour buying weakness. We have our two trend line »

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Technical Analysis Video: GBP/USD Continuation Of Downward Trend

20/05/2013 16:24

Sharp reversal at the start of this month from 1.5600 on GBPUSD and through the rising trend-line connected from March lows suggests that corrective rally is complete and that bears are taking place r »

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FXSNIP: AUD/USD Aussie Had Corrected Overnight

20/05/2013 12:26

Aussie has corrected overnight, but still within its downtrend channel which we hit at 9786..market went to 9793...and has backed away from this resistance writes Carol Harmer, Charmercharts.com. »

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Technical Analysis: EUR/USD Falling Sharply

20/05/2013 10:49

  • EUR/USD falls after breaking support trendline of minor ABC correction
  • Sell targets: 1.2750, 1.2660, 1.2400
  • Strong resistance barrier at 1.3200

EUR/USD has been falling sharply in the last few days. EUR/USD falls after breaking support trendline of minor ABC correction After completing the intermediate upward ABC correction, which is in its »

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FXSNIP: GBP/USD GBP Fell 0.69% Against The USD

20/05/2013 08:12

On Friday, GBP fell 0.69% against the USD and closed at 1.5171 reports GCI Financial. The Rightmove house prices data from the UK released over the weekend indicated an improvement in the UK housing »

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Economic Indicators: Looking Very Light

20/05/2013 06:49

The day is light on economic data. In the EU, only Italian industrial orders and sales are due out. No forecasts available. In the US, the Chicago Fed National Activity Survey will be released. No fo »

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Loonie is Day's Biggest Loser After Inflation Plunge

17/05/2013 16:11

CAD is the day's worst performing currency after Canada's April inflation fell to 0.4% y/y from a 1.0% rise in March, posting the biggest decline since October 2009 reports Ashraf Laidi Core CPI also »

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Technical Analysis: FTSE China Broke 8130/50

17/05/2013 16:03

FTSE China held above 8030/60 & broke 8130/50 as we close in on the 100 day moving average at 8322. We should struggle here but a push higher then targets tough resistance at 8365/75. In fact fr »

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Technical Analysis:USD/CAD Rising Steadily Over Past Few Days

17/05/2013 12:20

  • USD/CAD Rises Inside 5th Primary Impulse Wave
  • Buy Target At 1.0300 and 1.0340
  • Powerful Support Zone Between 1.0050 And 1.0000

USD/CAD has been rising steadily over the last few days – continuing the currently forming primary upward impulse sequence from the September of last year. USD/CAD Rises Inside 5th Primary »

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Technical Analysis:S&P/TSX 60 Failed at 720/22 This Week

17/05/2013 07:49

S&P/TSX 60 failed at 720/22 this week as expected & we hit support at 712/11 where a low for the day was expected & we bottomed at 710.00. The outlook remains negative so any longs here toda »

FXSNIP: GBP/USD Advised To Cover Longs

17/05/2013 07:07

Cable came higher as expected and virtually achieved the 1.5330 upside projected target reports Carol Harmer, Charmercharts.com We have fallen back to 1.5236, but the market is looking a little ove »

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AUD/USD Cracks Major Uptrend

16/05/2013 16:21

  • Is A Long Term Top Developing?
  • Japanese Q1 GDP Report Better Than Expected
  • Capital Outflow Main Driver For The Yen

Christopher Vecchio, Currency Analyst at DailyFX, comments: The commodity currency bloc continued its tumble versus the European currencies and the US Dollar overnight, with the Australian and New Ze »

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Technical Analysis: Nikkei Broke 14900 To Fill Gap

16/05/2013 15:28

Nikkei broke 14900/15000 to fill the gap at 15240 and came to a halt exactly. It is starting to look like we have run out of steam for this week. We could drift lower today to support at 14835,& »

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FXSNIP: AUD/USD Aussie Remains Below Parity

16/05/2013 10:05

For the 24 hours to 23:00 GMT, AUD rose marginally against the USD to close at 0.9897. However, the Aussie continued to remain below parity, after the Australian Treasurer, Wayne Swan stated earlier t »

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Technical Analysis: EUR/USD Another Day Of Weakness In The Euro

16/05/2013 08:42

Another day of weakness in the Euro...and once the trendline at 1.2960 broke sellers were back in the market reports Carol Harmer, CharmerCharts.com The second trendline at 1.2899 also failed to »

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AUD/USD Extended Its Weakness

15/05/2013 15:01

AUDUSD extended its weakness in the last few sessions within wave (iii) which can be counted now in five smaller waves writes Gregor Horvat, EX Forecast.   As such, support for current decline »

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AUD/CAD Falling Sharply

15/05/2013 11:07

  • AUD/CAD falls in sharp C-wave correction toward parity
  • If parity holds - buy target at 1.0250
  • If the pair breaks below parity - sell target at 0.9750

AUD/CAD falls in sharp C-wave correction toward parity AUD/CAD has been recently falling sharply down inside the second corrective primary wave ② of the larger primary upward impulse sequence which »

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Gold: Gold Traded Lower Amid Strength In The US Dollar

15/05/2013 08:19

Gold prices traded lower by 0.39% against the USD in the 24 hour period ending 23:00GMT, at 1426.93 per ounce, as greenback strengthened against all of its major counter parts in yesterday’s ses »

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EUR/USD: Euro Continues To Trade Lower In The Asian Session

15/05/2013 07:52

For the 24 hours to 23:00 GMT, EUR declined 0.39% against the USD and closed at 1.2936, after German ZEW economic sentiment disappointed investors along with slowed down in inflation figures across th »

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Technical Analysis: S&P/TSX Held Above 715

15/05/2013 07:42

S&P/TSX 60 did hold above 715 for a retest of the 100 day moving average & last week’s high at 720/22. We are now very overbought so the topside should be limited but a break higher targets »

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Morning Forex Review: GDP Day!!- The News You Havent Been Waiting For

15/05/2013 07:23

  • Negative Q2 & Q3 Forecast
  • How Long Can You Hold A Long Position
  • The BofE Inflation Report Will Overshadow Unemployment Figures

The news you haven’t been waiting for… the sixth consecutive quarter of contraction in the Eurozone! Negative Q2 & Q3 Forecast And that’s not likely to be the end of it; the marke »

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Euro Tripped Up By A Slammed Aussie

14/05/2013 16:01

  • ECB Policy Makers Willing To Go It Alone
  • German ZEW Index Came In Largely UnChanged
  • North America Continues To Dance To Its Own Tune

The increase in the volume of commentary from Germany as to how uncomfortable they are becoming to ECB’s monetary policy stance is certainly more noticeable – Germany is clearly against fu »

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Dollar Appetite, Faded Or Whetted?

14/05/2013 12:29

  • In Other Words, Investors Should Watch Out
  • So What’s The Story On The Fed Exit?
  • Is the Exit close?

Last week, statements made by Fed Chairman Ben Bernanke proved one of the most centralistic questions in the capital market, i.e. when will the Fed roll back its stimulus? Bernanke has warned against »

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FX SNIP: USDJPY Profit Taking As Predicted

14/05/2013 11:30

USDJPY unwinding an overbought position & experiencing profit taking as predicted. Look for a test of support at 100.90/80 & below here, 100.10/99.90. We should see the pair bottom out here »

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FXSNIP: GBP/USD Looking For The Market To Trade Higher

14/05/2013 09:02

Cable dipped below 1.5295 to 1.5280...but then has been back above here overnight. Let us see if we can hold the 1.5295/80 support today and if we can we look for the market to trade higher. A mo »

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Market Summary: GBP, EUR & USD

13/05/2013 12:45

  • Eagerly Awaiting Inflation Report on Weds
  • Payment Plan for Cyprus Discusssed This Afternoon
  • All Eyes On Positive News From The US

Another volatile trading session Friday in Europe left EUR/USD struggling with new selling pressure as the pair has started its decent down below 1.30. There has also been further negative news for Ch »

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EURUSD Technical Analysis-Uptrend

13/05/2013 11:46

Friday saw a test of the uptrend line at 1.2935 reports Carol Harmer, Charmercharts.com. Today this uptrend comes in at 1.2944 and already this has been the low...so you can see market participa »

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FX SNIP:GBP/USD: UK Trade Deficit Narrowed Less-Than-Expected in March

13/05/2013 09:04

On Friday, GBP fell 0.58% against the USD and closed at 1.5354 reports GCI Financial. In the UK, total trade deficit fell to £3.130 billion in March, from a revised £3.391 billion deficit »

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FX SNIP: EUR/JPY -Moving For 44 Weeks

13/05/2013 07:50

  • EUR/JPY breaks up into the price range 127.00 to 138.00
  • Buy target 138.00
  • Strong support at 127.00 and 120.00

EUR/JPY breaks up into the price range 127.00 to 138.00 EUR/JPY recently broke up inside the former price range lying between the price levels 138.00 and 127.00 in which the pair has been moving for »

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The Asian Markets Are Having All The Fun!

10/05/2013 11:43

  • Short Lived Short on the Aussie
  • No Stopping The Yen
  • Euro Riding The Optimism Wave

With Sterling and the Euro both stuck in rather dull trading ranges, versus each other and the Dollar, it seems to be the Asian markets that are having all the fun reports Senior Analysts at CMTrading »

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Sterling Poised To Outperform Euro

10/05/2013 09:55

  • Fundamental Changes On The Horizon
  • UK & Euro Austerity - Deeply Integrated
  • Changes Afoot For UK Economy

In some way almost everyone was affected by E.U. austerity; fortunately it seems that the bad times might finally be behind us now that there is real talk of halting austerity there. Fundamental Chan »

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Technical Analysis: EUR/CAD

10/05/2013 09:29

  • EUR/CAD to fall inside the 3rd intermediate downward impulse
  • Sell target at 1.3000
  • Strong resistance area between 1.3500 and 1.3600

EUR/CAD recently completed the clear weekly ABC correction to the primary downward impulse sequence from the start of 2009, which preceded it. EUR/CAD To Fall Inside The 3rd Intermediate Downwar »

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FXSNIP: EUR/USD Euro Reacted Well

10/05/2013 06:47

Euros reacted well...and we came crashing lower..Once 1.3045 broke we saw the sellers back in the market and 1.3010 was seen...Now we have corrected back to the first 23.6 Fib level , well n »

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EURO Choked By Options, Awaits A Catalyst

09/05/2013 13:24

  • Active Currencies Down Under
  • Aussie Stronger Than Expected
  • Keeping Up With The Joneses

In FX, the antipodeans stole the show again overnight writes Dean Popplewell, Chief Currency Strategist, Oanda. Their respected currency enthusiasm has not been able to spill over into the Euro »

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FX SNIP: EUR/USD Euro Stopped at 75%Short Term Fib Level

09/05/2013 11:13

After breaking 1.3175 Euros stopped at the 76.4 % short term fib level and retreated reports Carol Harmer. At the moment, whilst we are staying below 1.3175 there is a good chance we can come lo »

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Kiwi Likely To Fall Further

08/05/2013 16:15

  • Two Assailants Who Have Berated Their Currencies
  • Government Intervention? Whatever Next?!

The past several days have been marked by nothing short of disgust for the antipodean currencies, and in May the Australian and New Zealand Dollars have been the worst two performing majors versus the »

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Equity House Of Cards Continues To Get Higher

08/05/2013 13:59

  • FX Intervention Risk Rises
  • US Treasury Yields Could Run Into Wall Of Resistance
  • NZD And Scandi’s Run Into Giant Walls Of Money

FX is playing second fiddle to stock markets today writes Kathleen Brooks, Research Director Forex.com. If you are a trader who likes trends then equities are where the established trends are. Europe »

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The EURO Bull Is Being Eased Along

08/05/2013 12:19

  • Lack Of Intraday Data
  • China's Surprise Data
  • RBNZ Concerns Over Risk To Domestic Financial System

Dean Popplewell, Director of Currency Analysis and Research at Oanda is finding it difficult to get excited about this market, especially when investor forex enthusiasm seems to be waning. Lack »

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Technical Analysis: USD/JPY Rising Sharply

08/05/2013 10:45

  • USD/JPY moves inside 3rd primary impulse; forms daily Triangle
  • Buy target for Triangle breakout at 104 (intervening resistance at 100.00)
  • Sell target for Triangle breakout at 92.70 (intervening support at 97.00 and 96.00)

The USD/JPY has been rising sharply up inside the clear upward primary impulse sequence visible on the daily charts. USD/JPY moves inside 3rd primary impulse; forms daily Triangle The pair had previ »

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FX SNIP: USD/JPY- Get Ready For Big Movement

08/05/2013 09:17

Carol Harmer, Chief Analyst, Charmer Charts reports on a strong USD/JPY Pair. Yesterday our cross traded lower and then bounced off of the 129.00 level, a middle point between the 38.2% and 50% »

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FX SNIP: EUR/USD

08/05/2013 08:11

  • Disappointing French Economic Data
  • US Economy To Grow By More Than 3%
  • Strong Chinese Trade Data

For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3075, after German factory orders beat market expectations by rising a seasonally adjusted 2.2% (MoM) in March, from »

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Aussie Plummets On RBA Rate Cut

07/05/2013 15:13

  • History In The Making
  • Timing Is Crucial
  • Further Aussie Weakening

Christopher Vecchio, Currency Analyst, Daily FX notes that the Reserve Bank of Austrailia’s decision to cut its key benchmark interest rate was rather unexpected by market participants and has s »

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EURO’s Zest For Loftier Heights

07/05/2013 12:34

  • AUD/USD
  • AUD/JPY
  • EUR/GBP

If we did not have the Aussies, the RBA, or Governor Glenn Stevens, this would have been another bland and boring market to be talking about  writes Director of Currency Analysis and Researc »

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Technical Analysis: GBP/NZD

06/05/2013 08:51

  • GBP/NZD continues major downtrend
  • Further downside likely toward 1.7700
  • Multiple resistances at 1.8500, 1.8730 and 1.9000

GBP/NZD continues to decline in accordance with the strong long-term downtrend visible on the daily and the weekly GBP/NZD charts. At the start of this year the pair broke down through the strong supp »

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Technical Analysis: EUR/AUD Continues Strong Downward Trend

03/05/2013 10:06

  • EUR/AUD completes primary ABC correction
  • Sell target at 1.2400
  • Close stop can be set above 1.2920

EUR/AUD is continuing the strong downtrend which is visible on multiple time-frame charts writes Dima Chernovolov. EUR/AUD completes primary ABC correction First of all, the pair is showing the stro »

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FX SNIP: USD Strengthened against JPY

03/05/2013 08:24

For the 24 hours to 23:00 GMT, the USD strengthened 0.82% against the JPY and closed at 97.95, as some positive economic data out of the US supported the greenback reports GCI Financial. Yesterday, i »

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FXSNIP: AUD Weakens Against The Dollar

02/05/2013 11:05

For the 24 hours to 23:00 GMT, AUD weakened 0.85% against the USD to close at 1.0283 report GCI Financial. LME Copper prices declined 2.8% or $198.50/MT to $6875.0/MT. Aluminium prices declined 3.1 »

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Technical Analysis: NZD/JPY

01/05/2013 10:07

  • NZD/JPY Continues Strong Weekly Uptrend
  • Next Buy Target At 86.00
  • Protect Long Entries With Close Stop Below 80.00

NZD/JPY displays persistent bullish tone – rising steadily over the last few weeks and days inside the 3rd primary upward impulse wave of the larger weekly upward impulse sequence from the start »

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FX SNIP:EUR/USD Euro Trading Tad Lower In The Asian Session

01/05/2013 08:42

  • US PMI Drop
  • Record Highs for Eurozone Unemployment
  • EUR/USD Expected To Find Support at 1.3082

For the 24 hours to 23:00 GMT, EUR rose 0.57% against the USD and closed at 1.3168,  reports GCI Financial. US PMI Drop The greenback came under pressure as purchasing managers’ index (PM »

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VIDEO TECHNICAL ANALYSIS: AUD/USD

30/04/2013 12:59

Today Gregor Horvat looks at the AUD/USD. AUDUSD turned higher last week after a break through the trend-line connected from 1.0580 highs. As such, we are tracking a corrective recovery now in comple »

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FXSNIP:GBP/USD Pound Declines As UK Consumer Confidence Drops

30/04/2013 09:03

For the 24 hours to 23:00 GMT, GBP ended flat against the USD and closed at 1.5490 report GCI Financial. In the Asian session, at GMT0300, the pair is trading at 1.5484, with the GBP trading marginal »

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FXSNIP: EUR/USD Holding Resistance

30/04/2013 07:15

EURUSD holding resistance at 1.3120/40 but above here could allow another test of 1.3190/00highs. Try shorts here, adding up to 1.3230 with stops above 1.3255.We are getting overbought now in the shor »

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FX SNIP: USD/SGD

29/04/2013 09:49

  • USD/SGD Is Likely To Gain Downward Momentum
  • Resulting Downward Price Thrust

USD/SGD has been falling steadily in the last few days in line with the strong long-term downtrend that can be seen on the daily and the weekly USD/SGD charts. The pair recently completed the 2nd int »

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FOREX INSIGHT: AUD/USD Moves Sideways

26/04/2013 12:13

AUD/USD turned higher in the last few days after a break out of a falling trend-line. Thats an important evidence for a temporary low in place and deeper rally underway. With that said, we suspect th »

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FX SNIP: EUR/NZD

26/04/2013 11:18

  • EUR/NZD falls inside the 3rd impulse wave of the primary downward 5th impulse wave
  • Further losses likely toward 1.5080 and 1.5000
  • Strong combined resistance area around 1.5600

EUR/NZD is on its way to further losses after flashing multiple bearish signals over the last few days, weeks and months. The pair is currently moving inside the 3rd downward impulse wave of the larg »

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FX SNIP: USD/JPY

26/04/2013 09:12

GCI Financial reports on the latest USD/JPY position For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 99.36. In the Asian session, at GMT0300, the pair is tra »

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Technical Analysis: NZD/USD

25/04/2013 13:00

  • NZD/USD rises inside the 3rd impulse wave of the larger 3rd impulse wave
  • Next upward targets are 0.8680 and 0.8860
  • Close support at 0.8360 followed by 0.8200

 

NZD/USD started this session on a strongly bullish note following the yesterday’s conclusive close above the strong resistance level 0.8450 (which had previously reversed down multiple upward pr »

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Positive Response of the British Pound to BoE Decision

24/04/2013 16:08

The British Pound has responded positively to the Bank of England’s decision to extend the Funding for Lending Scheme and may continue the upward trend if 1Q GDP data shows improvements. Da »

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EUR Stabilizes Around 1.30 on Rate Cut Speculation

24/04/2013 13:47

Today's release of April IFO business climate fell to 104.4, worse than the expected rise to 106.2, while the current assessment index fell by more than expected to 107.2 from the »

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USD/CAD: Canadian retail sales increased in February

24/04/2013 08:35

GCI Financial reports on the latest USD/CAD position; For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD to close at 1.0271. The Canadian Dollar fell after economic data from Europe an »

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USD/JPY Boosted By Chinese PMI Drop

23/04/2013 17:21

The US Dollar and Japanese Yen rise on the back of disappointing Chinese PMI data while Chistopher Vecchio believes that Chinese economic growth may be slow for the year.  Over the weekend, we h »

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GBP/USD: Mild Bounce For Sterling, But A Soft End To The Week Ahead

19/04/2013 10:15

Forexspace.com (LONDON) – With little of interest on economic calendars today, investors are left to eye the G20 and IMF meetings for potential trading cues. After yesterday’s downbeat re »

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AUD/USD: Aussie Grinding Higher This Morning

19/04/2013 08:24

For the 24 hours to 23:00 GMT, AUD fell marginally against the USD to close at 1.0295. LME Copper prices declined 1.5% or $104.5/MT to $6962.5/MT. Aluminium prices rose 1.0% or $18.5/MT to $1874.0/MT »

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EUR/USD: Downbeat US Data Weighs On The Greenback

19/04/2013 08:15

For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3053, as Spain’s treasury successfully sold debt with the yield on ten-year bond slipping to the lowest level since »

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TECHNICAL ANALYSIS: EUR/USD - Failed To Reach 1.3228

18/04/2013 12:04

EUR/USD failed to reach 1.3228 & tumbled to our target of 1.3028. We bought here with stops below 1.2975 & this is working so far but we need to take quick profits as a break lower looks possible »

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USD/CAD: Loonie Retreated After BoC Growth Slash

18/04/2013 09:33

For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CAD to close at 1.0265. The Loonie came under pressure after the Bank of Canada’s (BoC) monetary policy committee voted to maintain »

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GBP/USD: Sterling Weighed By UK Unemployment Data, BoE Up Slightly This Morning

18/04/2013 08:10

For the 24 hours to 23:00 GMT, GBP fell 0.74% against the USD and closed at 1.5245, the Bank of England’s (BoE) policy makers continued to remain divided for further asset purchases as the lates »

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USD/JPY: Trading Above MA's

17/04/2013 08:16

For the 24 hours to 23:00 GMT, the USD strengthened 0.84 percent against the JPY and closed at 97.62. In the Asian session, at GMT0300, the pair is trading at 98.15, with the USD trading 0.54 percent »

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EUR/USD: Euro Hit By Downbeat US Data

16/04/2013 08:10

For the 24 hours to 23:00 GMT, EUR declined 0.33 percent against the USD and closed at 1.3053, as weak US economic data dented investor sentiment. In the US, the Empire State manufacturing index dropp »

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EUR/USD: Moving Sideways

15/04/2013 11:21

The EUR/USD was moving sideways on early trading Monday morning. The pair is close to the key resistance area defined by 1.3107 (15/03/2013 high, see also 38.2% retracement of the decline from 1.3711 »

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GBP/USD: Weighed Down By Chinese, US Data

15/04/2013 10:30

Forexspace.com (LONDON) - The GBP/USD continued to struggle Monday morning, with uncertainties over the US labour market and China’s growth weighing on sentiment. Currently trading 1.5138, down »

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USD/CAD: Loonie Softer On Downbeat US Data Week

15/04/2013 08:46

On Friday, the USD rose 0.34 percent against the CAD to close at 1.0138, as a grim consumer sentiment reading and poor retail sales data in the US, Canada’s largest trading partner, took a toll »

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EUR/USD: Fails To Take Flight On Upbeat Industrial Data

12/04/2013 11:21

Forexspace.com (LONDON) – The EUR/USD continued to wane Friday morning, despite forecast-beating industrial data from the euro zone. Currently trading at 1.3056, down 0.36 percent on the d »

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GBP/USD: Pushed Higher By Weaker Dollar

12/04/2013 08:58

Forexspace.com (LONDON) – The GBP/USD continued to rise during early Friday trading, spurred on by a weaker dollar. Currently trading at 1.5377 on fx trading platforms, many analysts expect the »

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USD/JPY: BoJ Flexible On Inflation Target

12/04/2013 08:23

For the 24 hours to 23:00 GMT, the USD fell marginally against the JPY and closed at 99.65. In the Asian session, at GMT0300, the pair is trading at 99.45, with the USD trading 0.20% lower from yeste »

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USD/CAD: Still Stuck On Bearish Path

11/04/2013 17:12

Trend direction still given by the declining channel for the USD/CAD. USD/CAD is still moving within its declining channel. Further weakness towards the support at 1.0102 is likely. Hourly resis »

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USD/JPY: Greenback Hits Low On US Jobless Data

11/04/2013 14:14

Forexspace.com (LONDON) - The greenback plummeted to session lows against the yen on Thursday, also paring losses against the euro, after US jobless claims fell faster than expected last week. Accord »

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GBP/USD: Sterling At Seven-Week Highs, All Eyes On US Jobs

11/04/2013 11:12

Forexspace.com (LONDON) – Sterling hit seven-week highs against the greenback on Thursday, as risk appetite found support from easing steps taken by the Bank of Japan (BoJ). The GBP/USD is curr »

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EUR/USD: Euro Nudging Higher, Gains Capped Ahead Of Eurogroup Meeting

11/04/2013 10:28

Forexspace.com (LONDON) – The EUR/USD is trading slightly higher this morning, spurred on by growing risk appetite in the marketplace. Analysts suggest that this morning’s inflation figur »

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USD/CHF: Swissy Drops Slightly Lower

10/04/2013 08:24

For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9324. On the economic front, unemployment rate in Switzerland remained unchanged at 3.1 percent in March, while »

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USD/CHF: Swissy On The Wane Thanks To Soft Inflation Data

09/04/2013 16:20

Forexspace.com (LONDON) – The Swiss franc has spent the afternoon weakening against most major peers, spurred on by weaker-than-expected inflation data for March. The USD/CHF is currently tradi »

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USD/JPY: Looking Overbought In The Short Term

09/04/2013 13:54

USD/JPY came to within a fraction of our 99.74 target. As stated on Monday, this is a 50% recovery of the whole move lower from 124.14 in 2007 to 75.35 in 2011. The pair are very over boughtin the sho »

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USD/CAD: Loonie Trading Flat This Morning

09/04/2013 09:06

For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 1.0168. In economic news, the Bank of Canada’s business outlook survey indicated that the overall business »

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AUD/USD: Aussie Strengthening On Soft Chinese Inflation Data

09/04/2013 08:25

For the 24 hours to 23:00 GMT, AUD strengthened 0.65 percent against the USD to close at 1.0419 (see: AUD/USD chart) LME Copper prices rose 1.1 percent or $81.5/MT to $7457.5/MT. Alumi »

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GBP/USD: Pound Closed Lower Against Dollar

09/04/2013 08:20

For the 24 hours to 23:00 GMT, GBP fell 0.56 percent against the USD and closed at 1.5263. In the Asian session, at GMT0300, the pair is trading at 1.5267, with the GBP trading marginally higher »

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USD/JPY: Test Of 100 'Inevitable'

09/04/2013 08:01

The one-way move in USD/JPY continued on Monday as the pair added another 200 pips and touched the highest since 2009. The Australian and New Zealand dollars were the best performers on expectations t »

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EUR/USD: Euro Strengthening Despite Modest Headlines

09/04/2013 07:54

Forexspace.com (LONDON) – The EUR/USD edged back above the 1.30 level in the early hours of this morning. But, as Chris Clark, analyst at ICAP Securities points out: “There seems little i »

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USD/CAD: Sharp Bounce

08/04/2013 16:12

USD/CAD rose sharply last Friday but failed to close outside its declining channel. Monitor the hourly support at 1.0159 (intraday low) and the resistance at 1.0236 (05/04/2013 high). Another resistan »

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USD/JPY: Making new highs

08/04/2013 14:20

USD/JPY has broken the resistance at 96.71 (12/03/2013 high). A next resistance can be found at 99.74 (07/05/2009 high), while a strong resistance is at 101.45. Hourly supports are at 98.30 »

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EUR/USD: Approaching Key Resistance

08/04/2013 13:45

EUR/USD is approaching the resistance at 1.3048 (25/03/2013 high, see also the declining trendline). Another resistance can be found at 1.3107 (15/03/2013 high). Hourly supports are at 1.2962 (intrada »

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GBP/USD: Pound Clinging Onto Friday Gains

08/04/2013 08:10

On Friday, GBP rose 0.76 percent against the USD and closed at 1.5339. The pair has managed to hold onto gain so far in MOnday trading. Pound was supported after the Standard &Poor’s retained »

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USD/CHF: Bullish Outlook Following Key Resistance Break

04/04/2013 16:24

The hourly support at 0.9445 has thus far held. USD/CHF has successfully tested its support at 0.9445 (02/04/2013 low). Resistances are at 0.9528 (01/04/2013 high) and 0.9567 (14/03/2013 high). Anothe »

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USD/JPY Is A Sell On Rally Trade

04/04/2013 14:46

Price action since the March high raises the specter of a more important top. The 3/8 special report includes a wave count of the rally since August. A downtrend has developed from the March high. Pr »

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USD/CAD: Loonie Moving Southwards In The Asian Session

04/04/2013 11:34

For the 24 hours to 23:00 GMT, the USD ended flat against the CAD to close at 1.0144. In the Asian session, at GMT0300, the pair is trading at 1.0145, with the USD trading marginally higher from yest »

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AUD/USD: Aussie Bolstered By Domestic Data

04/04/2013 08:06

For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 1.0453. LME Copper prices declined 0.4 percent or $29.0/MT to $7405.5/MT. Aluminium prices declined 0.9 percent or $ »

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USD/CHF: Bullish Outlook Forming On Charts

03/04/2013 10:31

Forexspace.com (LONDON) - The Swiss franc followed the euro lower early on Wednesday as investors sought safe havens amid a week of central bank uncertainty. Prompted by weak manufacturing data »

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USD/JPY: Yen Retreated On BoJ Prospect

03/04/2013 08:54

For the 24 hours to 23:00 GMT, the USD strengthened 0.17 percent against the JPY and closed at 93.35. In the Asian session, at GMT0300, the USD/JPY is trading at 93.53, with the USD trading 0.19 perc »

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EUR/USD: Euro Racks Up Record Losses On PMI Data

03/04/2013 08:50

For the 24 hours to 23:00 GMT, EUR declined 0.23 percent against the USD and closed at 1.2820, as weak economic data out of the euro zone indicated that the region was well into contraction territory »

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EUR/USD: Pair Bouncing But Still In Downtrend

02/04/2013 13:59

EUR/USD is bouncing within its underlying downtrend. An hourly resistance is at 1.2890 (26/03/2013 high). Another resistance can be found at 1.3048 (25/03/2013 high). An hourly support is at 1.2751 ( »

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Gold Draws On Previous USD Weakness

02/04/2013 10:02

Forexspace.com (LONDON) - Gold futures remained little changed in early European trading on Tuesday, with investors looking ahead to Friday’s monthly jobs report from the US for direction. An i »

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USD/CHF: Swiss Franc Trading Higher This Morning

02/04/2013 08:14

For the 24 hours to 23:00 GMT, the USD declined 0.49 percent against the CHF and closed at 0.9465. In the Asian session, at GMT0300, the pair is trading at 0.9452, with the USD trading 0.14% lower fr »

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AUD/USD: Aussie Ascends As Rates Remain Unchanged

02/04/2013 08:07

For the 24 hours to 23:00 GMT, AUD strengthened 0.23 percent against the USD to close at 1.0436. Australian markets remained closed on Good Friday and Easter Monday. In the Asian session, at GMT0300 »

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EUR/USD: Euro Higher, But Looking 'Like A Tired Boxer'

28/03/2013 14:22

Forexspace.com (LONDON) - The euro hit session highs against the dollar on Thursday afternoon, as markets remained relatively calm in the face of Cypriot bank reopenings. The EUR/USD is trading at 1. »

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USD/JPY: Yen On The Up

28/03/2013 09:02

For the 24 hours to 23:00 GMT, the USD weakened 0.33 percent against the JPY and closed at 94.32. In the Asian session, at GMT0400, the pair is trading at 94.07, with the USD trading 0.27 percent low »

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EUR/USD: Italian, Cypriot Uncertainty Weighs On Euro, Some Rebounds This Morning

28/03/2013 08:54

For the 24 hours to 23:00 GMT, EUR declined 0.67 percent against the USD and closed at 1.2775, amid renewed concerns about political uncertainty in Italy as the country’s Democratic Party leader »

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USD/JPY: Yen Pressured As Traders Speculate BoJ Intervention

27/03/2013 11:49

For the 24 hours to 23:00 GMT, the USD strengthened 0.74% against the JPY and closed at 94.63. The Yen was pressured amid speculation that more monetary easing could be imminent from the Bank of Japan »

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GBP/USD: Pound Declined On Disappointing UK Realized Sales Data

27/03/2013 11:03

For the 24 hours to 23:00 GMT, GBP fell 0.11% against the USD and closed at 1.5161, as UK’s realized sales data disappointed investors. In the UK’s economic news, the Confederation of Bri »

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EUR/USD: Euro Reverses Previous Session Gains

27/03/2013 09:55

For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.2861, though concerns remained that the banking solution in Cyprus could be a model used in other economically challe »

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GBP/EUR: Sterling Boost On Back Of Cyprus Crisis

26/03/2013 15:52

The closure of the Cypriot banks has caused major public unrest and has led to a huge loss of confidence for the Eurozone and the Euro. As a result we have seen GBP/EUR exchange rates push up to some »

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EUR/USD: What Happens In Cyprus, Stays In The Eurozone?

26/03/2013 11:16

What has changed since Friday? Markets rallied on Friday on news that: i) a deal had been reached and ii) smaller depositors would be spared a levy on their accounts. Markets then crumbled on Sunday »

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USD/JPY: New BoJ Governor Pledged To Achieve 2% Inflation Target In Two Years

26/03/2013 10:00

For the 24 hours to 23:00 GMT, the USD weakened 0.95% against the JPY and closed at 93.95. In the Asian session, at GMT0400, the pair is trading at 94.18, with the USD trading 0.25% higher from yeste »

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GBP/USD: Approaching A Strong Resistance.

25/03/2013 12:17

GBP/USD has moved above its resistance at 1.5222 (28/02/2013 high). However, the key resistance at 1.5321 (22/02/2013 high, see also the declining trendline) is expected to cap the upside potential. H »

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USD/JPY: Yen Lower As Markets Await Governor Testimony

25/03/2013 08:51

On Friday, the USD weakened 0.51 percent against the JPY and closed at 94.44. In the Asian session, at GMT0400, the pair is trading at 94.89, with the USD trading 0.48 percent higher from Friday&rsqu »

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GBP/USD: Pound Benefits From House Price Rise

25/03/2013 08:39

On Friday, GBP rose 0.31 percent against the USD and closed at 1.5227. However, gains in Pound were limited as ratings agency Fitch placed Britain’s ‘AAA’ rating on ‘Negative&r »

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USD/CAD: Fading Fast; Approaching Resistance At 1.0297

21/03/2013 12:13

USD/CAD is fading close to the resistance at 1.0297. Hourly supports can be found at 1.0238 and 1.0181 (15/03/2013 low). The break of the support at 1.0217 (28/02/2013 low) suggests a weakening bulli »

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USD/JPY: Greenback Grinding Higher

21/03/2013 11:50

USD/JPY continues to move higher after its low at 93.57. A test of the resistance at 96.71 (12/03/2013 high) is expected. Hourly supports can be found at 95.38 (intraday low) and 94.72 (19/03/2013 low »

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GBP/USD: More Sterling Woe Ahead For UK Travellers

21/03/2013 11:43

Forexspace.com (LONDON) – The pound may be experiencing something of a fillip thanks to yesterday’s sanguine budget announcement, but the pain looks set to continue for GBP bulls, not to m »

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USD/CHF: Dollar Creeping Higher Against Swissy

21/03/2013 09:53

For the 24 hours to 23:00 GMT, the USD declined 0.27 percent against the CHF and closed at 0.9448. Yesterday, the ZEW Centre for European Economic Research reported that the Swiss economic expectatio »

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USD/JPY: Yen Closing In On The Greenback

21/03/2013 08:56

For the 24 hours to 23:00 GMT, the USD strengthened 0.92 percent against the JPY and closed at 95.94. In the Asian session, at GMT0400, the pair is trading at 95.88, with the USD trading marginally l »

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EUR/USD: Euro Gains On Easing Fear

21/03/2013 08:52

For the 24 hours to 23:00 GMT, EUR rose 0.58 percent against the USD and closed at 1.2939, as immediate fears about a financial meltdown in Cyprus eased following news that Cypriot government would co »

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GBP/USD: Pound Clings Onto Gains In Wake Of UK Budget

20/03/2013 14:43

Forexspace.com (LONDON) - The British pound held on to gains against its American counterpart Wednesday, after UK Chancellor, George Osborne, delivered the annual budget.   The GBP/USD is c »

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AUD/USD: Leading Index In Australia Rises In January

20/03/2013 08:47

For the 24 hours to 23:00 GMT, AUD weakened 0.29 percent against the USD to close at 1.0363. LME Copper prices declined 0.2  or $16.5/MT to $7539.0/MT. Aluminium prices rose 0.4 percent or $7.0/ »

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GBP/USD: Sterling Steady On Inflation Data

20/03/2013 08:43

For the 24 hours to 23:00 GMT, GBP ended flat against the USD and closed at 1.5096, after UK inflation data that came in line with market expectations, managed to keep the Pound stable. In the UK, th »

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USD/JPY: Intraday Sell-Off Underway

18/03/2013 11:43

USD/JPY has declined sharply, breaking the support at 95.45 (13/03/2013 low). However, the rising trendline is intact. An hourly support is at 93.57 (intraday low). Monitor the resistance at 95.58 (in »

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USD/CAD: Greenback Lower As Downbeat Data Weighs On FOMC Expectations

18/03/2013 08:22

On Friday, the USD declined 0.25 percent against the CAD to close at 1.0195 (USD/CAD). The greenback fell after disappointing economic data in the US sparked profit taking ahead of an upcoming Federal »

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Euro Swoons As Cyprus Turmoil Takes A Swipe At Risk Appetite

18/03/2013 08:17

On Friday, EUR rose 0.34 percent against the USD and closed at 1.3056 (EUR/USD), as the EU leaders, at a meeting in Brussels, stated that balanced budgets remained the goal and that there was no talk »

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AUD/USD: Aussie Gains On Upbeat Australian Employment Data

14/03/2013 11:48

For the 24 hours to 23:00 GMT, AUD weakened 0.27% against the USD to close at 1.0299. LME Copper prices declined 0.5% or $37.5/MT to $7777.5/MT. Aluminium prices rose 0.3% or $6.5/MT to $1945.5/MT. »

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USD/JPY: Japanese Industrial Production Rose 0.3% (MoM) In January

14/03/2013 10:18

For the 24 hours to 23:00 GMT, the USD strengthened 0.20% against the JPY and closed at 96.02. In the Asian session, at GMT0400, the pair is trading at 96.05, with the USD trading marginally higher f »

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EUR/USD: Euro Dipped As Eurozone Data, Italian Bond Disappoints

14/03/2013 10:11

For the 24 hours to 23:00 GMT, EUR declined 0.56% against the USD and closed at 1.2959, as disappointing economic data from the Europe dampened investors risk appetite. Industrial production in the E »

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USD/JPY: Japanese Yen Continues To Move Northward

13/03/2013 14:22

For the 24 hours to 23:00 GMT, the USD weakened 0.83% against the JPY and closed at 95.84. On economic front, the seasonally adjusted consumer confidence index in Japan rose to a reading of 44.3 in F »

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EUR/USD: Euro Dropped Amid Indications Of Possible Policy Loosening

13/03/2013 14:07

For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3031, after the European Central bank council member, Jens Weidmann stated that inflationary pressures across the »

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USD/CHF: Swiss Retail Sales Growth Slowed In January

12/03/2013 11:45

For the 24 hours to 23:00 GMT, the USD declined 0.36% against the CHF and closed at 0.9484. In Switzerland, real retail sales rose 1.9% (YoY) in January, slower than the downwardly revised 4.7% rise »

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AUD/USD: Australian Business Confidence Drops In February

12/03/2013 09:47

For the 24 hours to 23:00 GMT, AUD strengthened 0.63% against the USD to close at 1.0277. LME Copper prices declined 0.7% or $53.0/MT to $7677.0/MT. Aluminium prices declined 1.6% or $31.5/MT to $189 »

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EUR/USD: Euro trading lower this morning

12/03/2013 08:22

For the 24 hours to 23:00 GMT, EUR rose 0.35 percent against the USD and closed at 1.3033. In economic news, the non-seasonally adjusted trade surplus in Germany widened to €13.7 billion in Janu »

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EUR/USD: Support at 1.2967 has held thus far

11/03/2013 12:49

EUR/USD has retraced all the gains made by its 7 March bounce. However, the support at 1.2967  has held. Hourly resistances can be found at 1.3080 (intraday low) and 1.3162. In the bigger multi- »

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USD/JPY: Yen Losing Ground On Core Machine Orders

11/03/2013 08:40

On Friday, the USD strengthened 0.97 percent against the JPY and closed at 95.82. In economic news, Japanese current economic situation index edged up to a reading of 53.2 in February, from a reading »

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AUD/USD: Aussie Takes A Beating On Downbeat Chinese Data

11/03/2013 08:32

On Friday, the AUD weakened 0.39 percent against the USD to close at 1.0231. The Australian dollar lost ground following the release of upbeat US non-farm payrolls. LME Copper prices rose 0.8 percent »

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EUR/USD: Greenback ‘Ripping It Up’ Against Major Peers

08/03/2013 15:22

Forexspace.com (LONDON) – The USD can currently be seen blazing a trail higher against most peers after better-than-expected NFP data surprised the markets. The figures beat expectations&n »

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GBP/USD: Sterling Pushes Higher On Inflation Expectations

08/03/2013 10:33

Forexspace.com (LONDON) - The GBP/USD nudged higher on the results of a survey which showed that Britons expect to see a higher rate of inflation over the coming year than three months ago. The quart »

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USD/CHF: Swissy Trading Lower; CPI Data Awaited In Switzerland

08/03/2013 09:03

For the 24 hours to 23:00 GMT, the USD declined 0.65 percent against the CHF and closed at 0.9425. On the Swiss economic front, State Secretariat for Economic Affairs (SECO) reported that the seasona »

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GBP/USD: Sterling Leaps Higher On BoE Decision But 'Pound's Prospects Still Hang In The Balance'

07/03/2013 12:59

Forexspace.com (LONDON) - The pound jumped almost a cent against the US dollar in the moments after the Bank of England left interest rates and its stimulus progamme unchanged.  Now trading at 1 »

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USD/CAD: Further Loonie Risks Up Ahead

07/03/2013 09:04

Forexspace.com (LONDON) – The USD closed some 0.55 percent higher against the CAD at close of play Wednesday, extending existing gains off the back of downbeat PMI data from Canada. The Loonie »

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EUR/USD: S&P Upgrades Portugal’s Credit Rating; ECB In Focus

07/03/2013 08:28

For the 24 hours to 23:00 GMT, EUR declined 0.53 percent against the USD and closed at 1.2978, after economic data indicated that the gross domestic product in the euro zone contracted 0.6 percent (Qo »

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USD/CAD: Greenback Powers Higher Ahead Of BoC Decision

06/03/2013 14:53

Forexspace.com (LONDON) - The USD continued to notch up gains against its Candian counterpart ahead of a policy decision from the Bank of Canada due Wednesday afternoon. USD/CAD hit 1.0296 durin »

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AUD/USD: Aussie On The Up On Positive GDP Data

06/03/2013 08:15

For the 24 hours to 23:00 GMT, AUD strengthened 0.62 percent against the USD to close at 1.0265. LME Copper prices declined 0.4 percent or $31.0/MT to $7720.0/MT. Aluminium prices rose 0.8 percent or »

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EUR/USD: Euro Pops On Improved Risk Appetite

06/03/2013 08:11

For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3047, as services PMI data released across Europe surprised market participants on the upside. Economic data showed »

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