posted by
FXTechstrategy
1 day 22 hours ago
in EUR, Technical, Daily
made popular 1 day 21 hours ago
EURGBP- We continue to hold our downside bias on EURGBP as we look for it to decline further towards the 0.7949 level.
posted by
FXTimes
1 day 22 hours ago
in USD, CAD, Technical
made popular 1 day 19 hours ago
The USD/CAD indeed pushed to the 1.03 level after breaking above the 1.0050-1.0060 resistance. The 1.0280-1.0315 area represent resistance pivots back in January 2012, with 1.0315 being the 2012 high. Although this resistance area sent the market
posted by
ejc
1 day 22 hours ago
in JPY, Technical, Daily
made popular 1 day 21 hours ago
The USDJPY is moving above the 100 hour MA at the 79.45 level. The next target comes i at the 79.559 and then the 79.669. The 100 hour MA comes in at 79.72. BOJ Shirakawas said this morning that the BOJ will conduct powerful monetary easing....m
posted by
FXTimes
1 day 23 hours ago
in EUR, Technical
made popular 1 day 22 hours ago
The EUR/CHF has been in a dead quiet range just above the 1.20 SNB floor. The range was like 10-15 pips wide at max. The EUR/CHF was pretty much playing dead throughout April and into May. Then out of no where in the 5/24 US session, around 9:00
posted by
ejc
1 day 23 hours ago
in GBP, Technical, Daily
made popular 1 day 19 hours ago
The GBPUSD has been trading predominantly between the 1.5673 and 1.5700 level. The price is looking to extend the upside with the next targets at 1.57167 and 1.57415 (38.2 and 50% retracements). The 1.57415 was a floor area from earlier in the w
posted by
ejc
2 days ago
in Fundamental, Daily
made popular 1 day 22 hours ago
EUR/USD sits at 1.2575, effectively unchanged on the day. But inbetween the single currency came under sustained selling pressure at one stage, weighed down by a succession of very poor economic data releases (see above)...more.
posted by
FXTimes
2 days ago
in EUR, GBP, Fundamental
made popular 1 day 23 hours ago
Note that everything is in contraction, except German services PMI. The EUR/USD made news lows over the European session after the releases, but has found support at 1.2510 heading into the US session and is showing some signs of consolidation.
posted by
FXTimes
2 days ago
in USD, EUR, Technical
made popular 2 days ago
The EUR/USD made a fresh low during the European session after manufacturing data out of the eurozone showed a sharper contraction in May than forecast. As we gear up for the US session, it remains above 1.25, and is developing a bullish divergen
posted by
commodityblog
2 days ago
in USD, NZD, Fundamental
made popular 2 days ago
The New Zealand dollar stalled its declined and rebounded today on speculations that losses were excessive. Gains were limited, though, as the disagreement between European leaders hurt demand for higher-yielding assets.
posted by
commodityblog
2 days ago
in USD, Fundamental, Daily
made popular 2 days ago
The Indian rupee dropped today as a disagreement for the European leaders about a way to tackle the debt problems lead to risk aversion sentiment on the Forex market that hurt riskier currencies of emerging markets. Still, the currency managed to
posted by
eToro
2 days ago
in USD, Fundamental, Daily
made popular 2 days ago
On Wednesday, Wall Street had looked as though it would continue its losing streak but managed to eke out a couple of gains at the closing bell, leaving traders to believe that there may still be some life left yet. At the end of trading, only th
posted by
eToro
2 days ago
in EUR, Fundamental, Daily
made popular 2 days ago
With the market’s focus almost entirely on the growing possibility of a disorderly Greek exit from the Eurozone, mixed data from Germany couldn’t help dissuade bearish sentiment. The German Statistics Office reported earlier that 1st quarter GDP,