Elliott Wave Forecast: AUD/USD – Sell at 0.9880
As aussie has remained under pressure, suggesting recent decline is still in progress and weakness 0.9700 and possibly towards previous support at 0.9672 cannot be ruled out, however, a daily close below this level is needed to confirm a downside
Dollar broadly higher vs. rivals on Fed remarks
Earlier Friday, official data showed that producer price inflation input in New Zealand rose 0.8% in the first quarter, more than the expected 0.3% increase, after a 0.3% fall in the previous quarter. Producer price inflation output rose 0.8% in the ...
USD Powers Ahead As Euro, JPY Resumes Declines
The euro and Japanese yen are poised to extend their weekly slump, as the dollar ruled currencies market with a rod of iron on the back of the Federal Reserve`s stimulus outlook, rooting the greenback near a 10-month high against a six-currency b
USD Ignores Poor US Eco Data
On Thursday, the recent EUR/USD decline slowed. Wednesday's correction low was left intact. In the afternoon, the pair even returned above the 1.29 mark as the US eco data surprised again on the downside. However, the single currency failed to re
USD/CHF: Swiss Franc Reverses Its Gains In The Asian Session
For the 24 hours to 23:00 GMT, the USD fell marginally against the CHF and closed at 0.9648.In the Asian session, at GMT0300, the pair is trading at 0.9666, with the USD trading 0.19% higher from yesterday’s close.
USD/CAD: Canadian Consumer Prices Data Awaited
For the 24 hours to 23:00 GMT, the USD rose 0.29% against the CAD to close at 1.0187.In the Asian session, at GMT0300, the pair is trading at 1.0214, with the USD trading 0.27% higher from yesterday’s close.
USD/JPY: Japanese Machinery Orders Surged In March
For the 24 hours to 23:00 GMT, the USD weakened 0.10% against the JPY and closed at 102.14.In the Asian session, at GMT0300, the pair is trading at 102.33, with the USD trading 0.19% higher from yesterday’s close.
EUR/USD May 17 – Little Change After Weak US Data
EUR/USD continues to trade quietly, with the pair trading in the high-1.28 range in Friday’s European session. On Thursday, US key releases, notably Unemployment Claims, were disappointing, but the euro failed to take advantage and didn’t make up
Ichimoku Signal: USD/CHF - Hold long entered at 0.9585
Despite yesterday's fall to 0.9578 (we entered long at 0.9585), as the greenback has rebounded after finding support there, retaining our bullishness and gain towards yesterday's high of 0.9709 would be seen, however, break there is needed to sig
The Federal Reserve to Cut Easing, Causes Jitters in the Ma
John Williams the President of the Federal Reserve Bank of San Francisco caused concern among investors after his comments that the Fed may start to cut back on its monetary easing program over the Summer and end monthly bond-purchasing towards t
Labor Unrest in South Africa Hurts Rand
The South African rand weakened today, extending its longest decline in a year and touching the lowest level in four years, on concerns that worker strikes and falling commodity prices will hurt the nation’s economy.
GBP/USD 1.5300 / 1.5200 range bound - FXstreet.com
The session will be quite light data wise today, but there is the Michigan Consumer Sentiment Index (May) coming up in the afternoon at 14.55 BST and indeed Bernanke is speaking on Saturday, at 1500GMT. The speech topic is Economic Prospects for the ...


