NZDUSD On Back Foot Post Trade Balance Report

Key Highlights NZDUSD was seen trading lower during the Asian session after an important economic release. New Zealand Trade balance report released by Statistics New Zealand registered a trade deficit of $-2.180B in February 2015, compared to the same month a year ago. NZDUSD dropped by around 30 pips to trade towards the 0.7635 support area. New Zealand Trade Balan...
Read More

Can Chinese Manufacturing PMI Dent Risk Sentiment?

Key Highlights US dollar traded lower against many major currencies, as sellers were in control. Chinese HSBC Manufacturing Purchasing Managers Index (PMI) released by the Markit Economics posted a contraction of 49.2 in March 2015. USDCHF pair was seen correcting higher after finding buyers around the 0.9640 support area. Chinese HSBC Manufacturing PMI Earlier du...
Read More

GBPUSD at Potentially Significant Turning Point with RSI

Key Highlights British pound tumbled this past week against the US dollar, as the latter one gained strength. Later, the GBPUSD pair managed to recover ground after finding buyers around 1.4600-40. Today, the CBI Industrial Trends Survey will be released by the Confederation of British Industry in the UK, which is expected to decline from 10 to 9. Technical Analysis ...
Read More

AUDUSD Upside Bias Remains Vulnerable Around 0.7720

Key Highlights Aussie dollar surged higher recently, but failed around a monster resistance to trade back lower in the near term. Reserve Bank of Australia Governor Stevens spoke in front of the American Chamber of Commerce in Australia during the Asian session, which helped AUDUSD to hold the ground. AUDUSD has a major resistance on the upside at 0.7720. RBA Steven...
Read More

Solid New Zealand GDP Increasing 0.8% Pushes NZDUSD Higher

Key Highlights US dollar weakened a lot overnight as the fed stayed away from aggressive stance for hiking rates. In the New Zealand, the Gross Domestic Product was released by the Statistics New Zealand posted an increase of 0.8% in the fourth quarter of 2014. NZDUSD breached a major resistance of 0.7440, which might now act as a support. New Zealand GDP Earlier ...
Read More

USDJPY Facing Hurdle Around 121.50 Ahead of Fed Meeting

Key Highlights US dollar continued to trade in the positive territory, but struggling to clear an important resistance at 121.50. Fed interest rate decision is a major release lined up today, which is likely to ignite moves in the US dollar. USDJPY has a support around 121.10 and resistance ahead at 121.50. Technical Analysis The USDJPY pair continuously finding b...
Read More

USDCAD Continues To Push Higher Breaking Above 1.28

Key Highlights US dollar continued to trade higher against the Canadian dollar, and eyes a break above 1.28. In the US, the Net Long-Term TIC Flows was released by the US Department of Treasury, which came in at $-27.2B in January 2015. USDCAD has a support around 1.2730 and resistance ahead at 1.2800-20. US Net Long-Term TIC Flows Recently, the US Net Long-Term T...
Read More

EU Facing Uphill Task, EUR Moves Lower Against USD And GBP

Key Highlights Euro continued to move lower against the US dollar and the British pound as sellers gain control. In the UK, the Rightmove House Price was released, which posted an increase of 1% in March 2015. EURGBP found support around the 0.7000 handle recently, but facing an important resistance on the upside. UK Rightmove House Price Earlier today, the UK Rig...
Read More

GBPUSD Clears And Settles Below A Pivot Area 1.50 level

Key Highlights British pound dived against the US dollar and traded below the all-important 1.50 level. 4850 is a short-term support area in GBPUSD and on the upside 1.4950-60 is a barrier. In the US, the Producer Price Index will be released by the Bureau of Labor statistics, Department of Labor and expected to increase by 0.3%. Canadian employment report will be pub...
Read More

What RBNZ Interest Rate 3.5% Hold Means For NZDUSD?

Key Highlights New Zealand dollar managed to gain traction recently after the RBNZ interest rate announcement. RBNZ Interest Rate Decision was announced by the Reserve Bank of New Zealand in which the central bank kept the interest rate unchanged at 3.5%. NZDUSD surged higher and broke the 0.7280 resistance area. EURUSD continues to fall and traded as low as 1.0510. ...
Read More

«...102030...113114...»