AUDUSD Gains As RBA Holds Interest Rate

Key Highlights Aussie dollar surges higher against the US dollar, as the RBA kept the interest rates at 2.25%. AUDUSD cleared a critical resistance area to open the doors for more gains moving ahead. Australian Retail Sales released by the Australian Bureau of Statistics increased by 0.7% in February 2015, compared to the forecast of 0.4%. RBA Interest Rate Decision ...
Read More

USDJPY Next Leg Lower Underway

Key Highlights US dollar fell sharply against many majors including the Japanese yen as sellers stepped in. USDJPY broke a crucial support area to test 118.70 and eyes for more losses moving ahead. In the US, the ISM Non-Manufacturing Index will be released by the Institute for Supply Management (ISM), which is expected to come in at 56.5 in March 2015. Japanese Lead...
Read More

US NFP Report to Spark Moves in USDCHF

Key Highlights US dollar weakened against the Swiss franc, as the greenback looks like nervous ahead of the key releases in the US. Today, the US nonfarm payrolls will be released by the US Department of Labor, which is expected to post an increase of 244K in March 2015, compared to the last rise of 295K. USDCHF forming a major resistance around 0.9660 and support at 0....
Read More

AUDUSD Eyeing A Short Term Break

Key Highlights Aussie dollar was seen trading lower against the US dollar, but there is a hope of a correction. Today, the Australian trade balance report was released by the Australian Bureau of Statistics, which posted a trade deficit of -1,256M in February 2015, compared to the forecast of -1,300M. AUDUSD correcting higher and testing an important swing resistance ar...
Read More

US Dollar Awaits ISM Manufacturing PMI for Action

Key Highlights US dollar after surging higher lost ground against majors, especially against the British pound. Today, in the US the Institute for Supply Management (ISM) Manufacturing Index will be released, which is expected to decline from 52.9 to 52.5 in March 2015. GBPUSD climbed higher and gained momentum after clearing the 1.4820 level. Technical Analysis T...
Read More

Euro Nosedives Ahead of German Unemployment Report

Key Highlights Euro traded lower against the US dollar and a few other currencies, as sellers managed to gain momentum. German Unemployment Change report will be published by the German Statistics Office today, which is expected to post a decrease of -12K in March 2015. EURUSD nosedived and breached the 1.0800 support area during the Asian session. Technical Analysis...
Read More

USDCAD Facing an Uphill Task Ahead of US GDP

Key Highlights USDCAD pair after falling sharply managed to recover the ground, but faces a major resistance on the way up. USDCAD has a major resistance at 1.2530 where sellers are likely to take a stand. Today, the US Gross Domestic Product Annualized will be released by the US Bureau of Economic Analysis with forecast slated for a 2.4% rise. Technical Analysis ...
Read More

EURUSD Dips Remain Attractive To Buyers

Key Highlights Euro traded higher against the US dollar and breached a crucial resistance at 1.0950. EURUSD is currently consolidating and looks set for a making a move ahead. Today, the German GfK Consumer Confidence i.e. a leading index that measures the level of consumer confidence in economic activity will be released and expected to gain from 9.7 to 9.8. Technic...
Read More

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

«...102030...7879...»