<3 h

Forex Weekly Outlook May 30-Jun 3 FXstreet.com News 2h 48m
The US dollar had a positive week despite a lack of really convincing data. GDP from Canada and Australia, a buildup to the Non-Farm Payrolls, OPEC Meetings and the ECB decision stand out in a very busy week. These are the main events on forex calendar. Join is as we explore the market movers for this week. US economic data was mostly OK suggesting an improvement in domestic growth. Orders for lon…

<12 h

AUDUSD - extended recovery should be ideally capped by 200SMA FXstreet.com News 10h 0m
EURUSD The Euro holds under two-day recovery high at 1.1215, following downside rejection at daily cloud base. Strong barriers at 1.1237/41 (daily Tenkan-sen / 23 May lower top) stay intact for now, with Tenkan-sen line now in sideways mode, suggesting extended consolidation. Overall structure remains bearish and favors fresh attempts lower in the near-term, however, clear break below strong suppo…

<24 h

USD/JPY and AUD/USD Forecast DailyForex - Technical Analysis 14h 17m
The USD/JPY pair fell initially during the day on Thursday, but found enough support just above the 109 level to bounce and form a bit of a hammer. The AUD/USD pair initially tried to fall during the day on Thursday, but turned right back around to form a positive candle.
AUDUSD: Looks To Recover Further Higher FXstreet.com News 15h 2m
AUDUSD With the pair rejecting lower level prices on Thursday, further bullishness is likely. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0.7100 level with a cut through here targeting further downside pressure towards the 0.7050 level. On the upside, resistance lies at the 0.7300 level. A cu…
APAC Currency Corner – oil boosts markets. Spotlight on Yellen FXstreet.com News 17h 46m
After two days of solid bull runs, global equity markets consolidated&nbsp;on Thursday. This retrenchment was not too surprising as traders pare down risk ahead of long weekends in both US and the UK. &nbsp; Aussie Dollar – choppy yet resilient With the WTI front month contract breaking above the psychological USD$50 a barrel mark, a wave of commodity currency buying erupted. Once again the Aussie…
 
Weaker U.S business spending dampens rate hike expectations FXstreet.com News 20h 38m
AUD / USD Expected Range: 0.7150 - 0.7330 The Australian dollar recouped Wednesday’s losses rallying back through 0.72 U.S cents during trade on Thursday. Despite weaker than anticipated private capital expenditure throughout the first quarter the AUD bounced off supports, buoyed by a rebound in oil, to touch intraday highs at 0.7244. Softer than anticipated U.S macroeconomic data and profit takin…
AUD/USD likely poised for downtrend continuation towards 0.7000 FXstreet.com News 21h 17m
AUD/USD has been falling in a sharp downtrend for the past month from its late April high above 0.7800. The initial drop was accelerated after a surprisingly low Australian inflation (CPI) reading was released near the end of April and then was followed up in early May by a Reserve Bank of Australia interest rate cut to a record low 1.75%. Subsequently, the central bank lowered inflation forecasts…
How Soon is ‘Fairly Soon'? FXstreet.com News 21h 30m
A weak durable goods report and comments from the Fed's Powell offered some insight into what the Fed will do next. CAD and JPY were the top performers, while the pound sterling lagged. Japanese CPI and Aussie Capex are due next.The April US durable goods report highlighted the challenges the Fed faces.&nbsp;There are currently 9 Premium&nbsp; trades in progress, 2 of which are CAD longs. Click To…
 
AUDUSD: Impulsive Momentum Reaching New Lows FXstreet.com News 22h 14m
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>24 h

EUR/CHF: Levels, Ranges, Targets, Forwards, Forward Points FXstreet.com News1d 7h 28m
EUR/CHF Bottom, 1.1003. Bottom targets 1.1031, 1.1011, 1.1003 Bottom. Upper Targets 1.1060, 1.1107, 1.1134. Range breaks above 1.1211, 1.1386, 1.1440. Range breaks below 1.0908, 1.0740. Then 1.0600's. Wide ranges, that's EUR/CHF and the way it goes. EUR/CHF is like AUD/NZD, EUR/NZD and others, it never recovered from the 2008 crisis and at 50 pip days, it may never recover its normalization. EUR/C…
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold FXstreet.com News1d 9h 18m
Analysis for May 26th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar is attempting to form a correction towards 1.1200 to test it from below. We think, today the price may reach 1.1168 and then grow towards 1.1200. After that, the pair may form another descending structure with the target at 1.1110. GBPUSD, “Great Britain Pound vs US Dollar” Pound is moving according to an alternative scenario and f…
AUD/USD Forex Signal DailyForex - Technical Analysis1d 10h 26m
Get the AUD/USD Forex signal for May 26, 2016 here.
 
USD/JPY and AUD/USD Forecast DailyForex - Technical Analysis1d 11h 3m
The USD/JPY pair went back and forth during the course of the day on Wednesday, as we continue to meander around the 110 level. The AUD/USD pair had a fairly neutral day as well, but unlike the USD/JPY pair there are potential longer-term signals in play.
UK GDP | Current Sentiment FXstreet.com News1d 11h 20m
Ahead we have UK GDP, which may have a lesser impact than usual due to the market's preoccupation with the UK's EU referendum polls. Current Sentiment: The Asia-Pacific session saw Private Capital Expenditure from Australia miss estimates, declining -5.2% versus -3.2% expected. However planned business investment for 2016/17 rose from the first estimate of $82b to $89b. The increase in estimated f…
GBPAUD bullish in ascending channel FXstreet.com News1d 12h 14m
GBPAUD remains bullish in an ascending channel on the daily chart. The pair broke above the 200-day moving average as well on Wednesday, which gives an indication of the probability of further advance. However it should be noted that the RSI has entered overbought territory above 70 which indicates there is risk of a pull back. But there is immediate support at the 61.8% Fibonacci level of the dow…
 
USD lower as commodity prices rise FXstreet.com News1d 12h 18m
Market Brief In Australia, private capital expenditure (capex) contracted 5.2%q/q in the first quarter of 2016, missing consensus for a smaller decrease of -3.5% and also below the upwardly revised figure of +1.8% in the last quarter of 2015. On a year-over-year basis capex contracted -15.4% as spending on equipment plant and machinery slid 9.2%y/y (s.a.), while spending on buildings and structure…
Energy sector rallies as Brent crude oil tops $50 FXstreet.com News1d 12h 34m
Asian Market Update: Energy sector rallies as Brent crude oil tops $50; Australia CAPEX for Q1 misses, outlook for next year improved Economic Data - (AU) AUSTRALIA Q1 PRIVATE CAPITAL EXPENDITURE (CAPEX) Q/Q: -5.2% V -3.5%E - (JP) JAPAN APR PPI SERVICES Y/Y: 0.2% V 0.2%E - (KR) South Korea May Consumer Confidence: 99 v 101 prior Index Snapshot (as of 04:30 GMT) - Nikkei225 +0.4%, S&amp;P/ASX +0.7%…
AUDUSD Heading Lower, Gold Approaching Long Term Support FXstreet.com News1d 15h 46m
AUDUSD – Technical view remains bearish The AUDUSD downtrend continues and this pair is looking very bearish under the technical resistance at 0.7370. We are looking to trade this market by selling it on any short-term areas of strength as there is plenty of room to the downside here and we see the potential for the market to trade down into 0.7040 – 0.7000 soon. Gold – Gold nearing key support ar…
 
CAD Outperforms on BoC, Oil FXstreet.com News1d 19h 59m
The Bank of Canada took a more-neutral stance than expected on Wednesday and along with rising oil prices that helped made the Canadian dollar the top performer while the yen lagged. Australian capex data and the New Zealand budget are due later. The Premium Insights&nbsp;added a 2nd CAD long to the trades ahead of the BoC decision and EIA inventory announcement. Full rationale and charts analysis…
Profit taking pushes Greenback off multi month highs FXstreet.com News1d 20h 54m
AUD / USD Expected Range: 0.7065 - 0.7250 The Australian dollar suffered wider selloffs through trade on Wednesday dipping below 0.72 and touching intraday lows at 0.7174. Having recouped losses suffered after Glenn Stevens’s reiterated inflation would remain the primary marker for future monetary policy moves investors appeared reluctant to extend the rally and looked to take profit. Having slipp…
USD, GBP and Power of Short Covering FXstreet.com News1d 22h 30m
One of the best performing currencies this month, this week and even today is sterling. The British pound climbed to its strongest level against the U.S. dollar in 3 weeks and its highest level versus the euro, Australian and New Zealand dollars in 3 months. There was no economic reports or central bank speak to take credit for the move higher which means there's only one explanation for the persi…
 
Setups: EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD - Barclays FXstreet.com News2d 1h 7m
EUR/USD: The break below the 1.1180 lows has prompted us to re-establish a bearish view. A move below our initial targets near 1.1125 would signal lower towards the 1.0990 area. USD/JPY: We are bearish against the 111.90 range highs and look for a move lower towards initial targets near 108.20. Below 108.20 would signal further downside towards our next targets in the 106.40 area and then 105.20. …
Technical Daily Analysis FXstreet.com News2d 6h 57m
$GBPAUD– channel target? Currently we are 1.6591 in a large channel. We are looking for continuation to the 1.270 Fibo @ 2.0541 with a further target @ 2.0676 later this week. The average daily true range (ATR) for the pair currently is 213 pips.
Can AUD/NZD hit parity this year? FXstreet.com News2d 9h 7m
Market Drivers May 25, 2016 EZ IFO bit better NZD Trade surprises to upside Nikkei 1.52% Dax 1.37% Oil $49/bbl Gold $1221/oz. Europe and Asia: NZD Trade Balance 292M vs. 25M AUD Construction Work Done -2.6% vs. -1.4% EUR IFO 107.7 vs. 106.9 North America: USD Trade Balance 8:30 CAD BOC Rate Announcement 10:00 The euro was mildly higher in morning European dealing today after IFO data printed sligh…
 
Daily Forex Fundamental Overview FXstreet.com News2d 9h 22m
Fundamental Analysis EUR “Members discussed the merits of adjusting policy at this meeting or awaiting - RBA minutes German investor confidence declined for the first time in three months in a sign that the Euro zone’s number one economy is set to slow after growing at its strongest pace in two years. The ZEW Center for European Economic Research said its index of investor and analyst expectations…
EUR/USD: Levels, Ranges, Targets FXstreet.com News2d 9h 25m
Last evening AUD/USD Dead stopped 0.7218, 2 pips shy of reported second target at 0.7220, 8 pips above first target 0.7210 and broke 0.7203 range. At post time, AUD/USD was already not only at 0.7150 Bottom but 0.7140 was next range break. What happened with AUD at 0.7203 was range moved. Most important, Australia's goods exported at a correct price. CAD and BOC this morning, we'll look at CAD fur…
AUDUSD consolidates above fresh 3-month low; Death-Cross maintains strong bearish pressure FXstreet.com News2d 10h 12m
EURUSD Strong bearish signal was generated by yesterday’s long red daily candle. Weakness cracked daily Ichimoku cloud base at 1.1142 and hit fresh low at 1.1131. Near-term action is in narrow consolidation mode under initial barrier at 1.1162 (daily 100SMA). Focus is at 1.1123 (Fibo 61.8% of 1.0820/1.1614 rally) and 1.1101 (sideways –moving 200SMA). Close below daily cloud base is needed to confi…
 
AUD/USD Forex Signal DailyForex - Technical Analysis2d 10h 21m
Get the AUD/USD Forex signal for May 25, 2016 here.
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold FXstreet.com News2d 11h 20m
Analysis for May 25th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar has broken its consolidation channel downwards and right now is falling to reach the target at 1.1100. We think, today the price may grow a bit towards 1.1170 to test the channel’s low from below. After that, the pair may continue falling to reach the above-mentioned target. GBPUSD, “Great Britain Pound vs US Dollar” Pound is formi…
Japan govt still mulling sales tax hike timing FXstreet.com News2d 13h 56m
Asian Market Update: PBoC weakens Yuan fix to 5-year low; Japan govt still mulling sales tax hike timing; NZ trade recovers Economic Data - (AU) AUSTRALIA Q1 CONSTRUCTION WORK DONE Q/Q: -2.6% V -1.5%E (3rd consecutive decline) - (AU) AUSTRALIA APR SKILLED VACANCIES M/M: 0.6% V -0.1% PRIOR - (NZ) NEW ZEALAND APR TRADE BALANCE (NZ$): 292M (4th straight surplus) V 25ME; ANNUALIZED: -3.66B V -3.97BE -…
 
AUD/USD: Levels, Ranges, Targets FXstreet.com News2d 15h 4m
First problem is EUR/AUD correlates to EUR/USD 18% and negative 76% V AUD/USD. What drives EUR/AUD is AUD/EUR as it correlates to AUD/USD at + 76%. This is typical in EUR/AUD as is the same phenomenon seen in the NZD/USD and EUR/NZD relationship. So AUD/USD correlates to AUD/EUR 76%, not bad for this relationship. Most important speech at the RBA is Assistant Governor of Financial Markets, Guy Deb…
APAC Currency Corner – Traders are warming to Fed summer rate hike? FXstreet.com News2d 17h 35m
The Greenback continued moving higher&nbsp;on Tuesday&nbsp;on the back of supportive US home sales data, which came in 619k versus just 523k expected, one of the best level seen since 2008. &nbsp; The Aussie – topsy-turvy times There was a moderate nosedive in the Aussie overnight on the back of the RBA’s Glen Stevens, who was making his first appearance since the RBA surprise rate cut. During his…
Dollar Bid Arrives FXstreet.com News2d 19h 50m
The follow-through from the strong FOMC Minutes finally arrived Tuesday and EUR/USD closed at the lowest since mid-March. The pound was the top performer while the euro lagged. Australian construction and Chinese sentiment numbers are due later. The Premium Video for English speakers will be posted and sent to subscribers after this IMT, covering the existing 8 trades. Click To Enlarge We've lamen…
 
AUD breaches 72 US Cents mark FXstreet.com News2d 21h 23m
AUD / USD Expected Range: 0.7150 - 0.7240 The Australian dollar suffered it largest daily drop in close to one week yesterday after RBA Governor Glenn Stevens failed to diminish expectations which surround additional monetary easing. Defending the RBA’s inflation target, stating that it was agile enough to ensure sound decisions are made, the Australian dollar fell immediately following his remark…
USD Rises. GBP Soars. AUD Tanks. CAD Next FXstreet.com News2d 23h 18m
The U.S. dollar regained momentum moving higher against most of the major currencies . New home sales increased by the strongest amount in almost 30 years and this report validated the Federal Reserve's hawkish monetary policy stance. Yesterday's decline simply gave investors the opportunity to buy dollars at a lower level as the uniformity of comments from Fed Presidents shift market expectations…
Setups: USD/JPY, GBP/USD, EUR/JPY, AUD/USD, NZD/USD, USD/CAD - Barclays FXstreet.com News3d 3h 16m
EUR/USD : We are looking to re-establish a bearish view on the break below the 1.1180 lows. We would also fade any upticks against resistance in the 1.1350 area. Our downside targets are towards 1.1125 and then 1.0990. GBP/USD : We are bearish against resistance in the 1.4665 area and look for a move lower towards our targets near the 1.4340 May lows. EUR/JPY : The break below support in the 122.6…
 
NZD/USD and EUR/NZD: Levels, Ranges, Targets FXstreet.com News3d 6h 33m
What drives NZD/USD is the revolving correlations to EUR/USD which in turn affect NZD/USD's relationship to EUR/NZD. Its a common relationship because the only connection NZD/USD has to Amrican and European markets is through EUR/NZD. The same situation is found in AUD/USD to EUR/AUD. Currently NZD/USD is vastly oversold. NZD/USD from current price at 0.6731, faces tough resistance above at 0.6764…
Currency Newsflash : Investors Put Cart Before Horse – Sterling Outlook Improves Measurably against Competition Currency News3d 8h 48m
Sterling has managed to stay on top for another day, on account of recent 'Remain' campaign strength lowering the odds of a 'Brexit' occurring. The Pound has remained strong against almost all of its peers today, thanks to continuing investor enthusiasm in Sterling. ORB EU Referendum Poll Supports GBP Exchange Rate... [...]
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold FXstreet.com News3d 9h 14m
Analysis for May 24th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar is consolidating near its lows. According to the main scenario, the price may break the descending channel and start a new ascending correction 1.1400. An alternative scenario implies that the market may fall to reach 1.1110 and then form the above-mentioned correction with the target at 1.1400. GBPUSD, “Great Britain Pound vs US D…
 
Eurogroup again meets on Greece FXstreet.com News3d 9h 21m
Notes/Observations - IMF stands its ground on Debt relief for Greece ahead of Eurogroup meeting - Rate divergence theme aiding the USD - Odds increase for the British to vote for remaining in the EU; Referendum still provides a headwind on European data Overnight Asia: - Japan Fin Min Aso on FX intervention believed that currency move of ¥5 over 2 days time would be considered as one-way move - RB…
Sideways action continues FXstreet.com News3d 10h 7m
Sideways action continues. Trade volume low By Brenda Kelly Sideways action seems the order of the day when it comes to equity indices and the moves in the FX space are little different this morning. A dovish RBA governor has sent the Aussie dollar lower against the dollar overnight following his hints of additional easing over the coming months. Now trading below 0.72, some of the action is down …
AUD/USD Forex Signal DailyForex - Technical Analysis3d 10h 11m
Get the AUD/USD Forex signal for May 24, 2016 here.
 
Yen surges on US warnings against Japanese intervention FXstreet.com News3d 10h 59m
Good morning, ‐ Gold Prices on Pace for Longest Loss Streak in 6 Months. ‐ British Pound May Rise as BOE Officials Defend Brexit Outlook. ‐ Best/worst performers in majors vs USD today: GBP: 0.0%, CAD: ‐0.1%, EUR: ‐ 0.1%, CHF: ‐0.2%, AUD: ‐0.4%, NZD: ‐0.6%. ‐ AUD plunging alongside front‐end bond yields after RBA's Stevens defends existing inflation target, says price growth is too low. We see exc…
USD/JPY and AUD/USD Forecast DailyForex - Technical Analysis3d 11h 42m
The USD/JPY pair fell during the day on Monday, as the 110 level offered so much in the way of resistance. The AUD/USD pair did very little during the day on Monday, as we had seen quite a bit of volatility during the day, but absolutely nothing resembling any type of determination.
Risk aversion drives commodity currencies lower FXstreet.com News3d 11h 44m
Commodity currencies traded in red across the board early Tuesday as risk aversion and dropping commodity prices continued to weigh on high yielding currencies. The Aussie fell by more than 30 pips against the US Dollar to trade below 0.72 on RBA governor comments which kept the door open for further rate cuts. In his first appearance since May 3, Glenn Stevens reiterated his commitment to inflati…
 
Asian Stocks & Antipodeans Retreat FXstreet.com News3d 11h 52m
Introduction Both AUD and NZD lost approx. 0.7% versus US Dollar and EUR, with Kiwi Dollar following its cousin after comments from RBA Governor Stevens. The central bank chief spoke in Sydney to weigh on AUD by mentioning that the inflation target in Australia was currently below target. Concerns were raised by Glenn Stevens regarding household debt too, leading AUD/USD to reach a low of .7167. T…
Fresh Aussie pressure FXstreet.com News3d 12h 10m
It’s the Aussie and euro feeling the pressure at the start of the European session and for very different reasons. The Aussie has reacted to comments from RBA Governor Stevens, where he talked in more detail about the continued low inflation outlook, with indications that he expects this to persistent for foreseeable future. This has given some life to expectations of further rate cuts, hence the …
Stevens Upholds RBA’s Inflation Target DailyForex - News3d 12h 36m
Reserve Bank Governor Glenn Stevens defended the central bank’s inflation targeting, voicing intentions of remaining vigilant against the risks of continued low interest rates.
 
Technical Analysis: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD FXstreet.com News3d 12h 42m
The week started with thin trading volumes as the USD remained flat for a second consecutive day against the common currency while the pound finished the day pretty much unchanged, returning to the same levels where it opened the session despite the new poll that showed that the "leave" vote is slightly ahead of the "remain" vote.The Japanese yen, on the other hand, recovered some of its previous …
Macro Events & News FXstreet.com News3d 13h 12m
FX News Today RBA Governor Stevens: Very committed to inflation-targeting monetary policy, inflation very low and below the RBA’s target, inflation target is not rigid and the inflation target does not demand kneejerk responses. Inflation targeting will work well into the future and finally there is quite some years of fiscal repair work for the government in the period ahead. More Dovish tones fr…
AUD slides as RBA's Stevens sees further slowdown in growth FXstreet.com News3d 14h 2m
Asian Market Update: AUD slides as RBA's Stevens sees further slowdown in growth; Japan's Aso repeats pledge to shy away from FX intervention Economic Data - (VN) Vietnam May CPI y/y: 2.3% v 2.0%e - (AU) Australia ANZ Roy Morgan Weekly Consumer Confidence Index: 115.7 v 115.1 prior Index Snapshot (as of 04:00 GMT) - Nikkei225 -0.7%, S&amp;P/ASX -0.1%, Kospi -0.6%, Shanghai Composite -0.8%, Hang Se…
 
Japan on the Mend FXstreet.com News3d 17h 14m
The main narrative on the strong yen is that the lack of BOJ action and risk aversion have been behind the gains, what if it's something else. JPY was the top performer on Monday while the Canadian dollar lagged. A speech from RBA's Stevens is due later. Japan has been locked in a never-ending cycle of deflation, government stimulus, central bank experiments and worsening demographics. Abenomics h…
Weekly FX Market Preview With Nial Fuller - 23rd to 27th May 2016 FXstreet.com News3d 20h 56m
Selling AUDUSD on Strength&nbsp; The AUDUSD has been in a sustained downtrend for several weeks now and we remain aggressively bearish (looking to sell) as we have been for three weeks now. Our focus this week in the AUDUSD is on looking to trade price action sell signals on the 1hr, 4hr or daily chart time frame on any price strength (upward movement). While price is contained under 0.7360 to 0.7…
Rate chatter dominates quiet session FXstreet.com News3d 21h 32m
AUD / USD Expected Range: 0.7180 - 0.7260 Having now lost ground for a fourth consecutive week when valued against its US Counterpart the Australian dollar opened yesterday in somewhat of a tame mood. Characterized by a distinct lack of movement during Monday’s session the Australian dollar drifted aimlessly between a low of 0.7194 and a high of 0.7259 as the economic calendar both domestically an…
 
Setups: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CAD - Barclays FXstreet.com News4d 2h 39m
EUR/USD : We are paring back our bearish view in the short-term. Small basing candles point to a squeeze higher in range. Overall we are bearish and would prefer to fade upticks against resistance in the 1.1350 area. Our downside targets are towards 1.1125 and then 1.0990. USD/JPY : Consecutive topping candles have prompted us to turn bearish. A low close today would add to our bearish conviction …
AUD/USD's indecisiveness could lead to a sharp move FXstreet.com News4d 2h 45m
A surprising decision by the Reserve Bank of Australia to cut interest rates and a more hawkish-than-expected Federal Reserve meeting minutes has weighed heavily on the AUD/USD in recent times. The commodity currency has come under further pressure from renewed concerns about Australia’s largest trading partner, China. Incoming data from the world’s second largest economy over the past couple of w…
AUDNZD showing both technical and fundamental alignment FXstreet.com News4d 7h 30m
Whilst most economists are now predicting further cuts by the RBA, some saying even the cash rate may drop to 1% (meaning another -75bps), this is putting some downward pressure on the AUD. As for the NZD, it is largely reliant on its Dairy trade as its key exports, and there has been a lot of media on the weak dairy prices. Keep an eye out for the RBNZ to intervene if the AUDNZD approaches parity…
 
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold FXstreet.com News4d 8h 23m
Analysis for May 23rd, 2016 EUR USD, “Euro vs US Dollar” Eurodollar has completed the descending wave and right now is forming a new ascending impulse. We think, today the price may form another consolidation range inside the descending channel. If later the pair breaks this range upwards, the correction may continue towards 1.1400; if downwards – extend the wave to reach 1.1110. GBP USD, “Great B…
AUDUSD holding above 7210 again re-targets 7231/35 FXstreet.com News4d 9h 38m
Daily Forecast - 23 May 2016 AUDUSD Spot AUDUSD holding above 7210 again re-targets 7231/35 then first resistance at 7254/58. We should struggle here again, but look for strong resistance at 7285/90 on further gains. Just be aware that above 7300 targets strong resistance at 7325/30 for a selling opportunity, with stops above 7360. First support at 7210/05 but below here retests 7176/73. A break l…
EUR/AUD Exchange Rate Forecast to Advance as Eurozone Consumer Confidence Bettered Expectations Euro Exchange Rate News4d 9h 52m
EUR/AUD Exchange Rate Forecast to Advance as Eurozone Consumer Confidence Bettered Expectations Euro Exchange Rates Strengthen – Greek uncertainty eases AUD Muted – Damp market sentiment weighs Federal Reserve Rate Hike Bets Cool – EUR and AUD boosted EUR/AUD Forecast to Fluctuate – Eurozone Consumer Confidence to provoke volatility EUR/AUD Exchange Rate Strengthens on Consumer Confidence As Monda…
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