USDJPY Targeting 112.20
The US dollar has continued to rally higher against the Japanese yen currency during the European trading, with bulls moving the pair close to the 112.00 resistance level. The first target for buyers is likely to be the 112.20 level,...
EURUSD Intraday Bearish Bias
The euro is trading lower against the US dollar currency on Friday, as the greenback receives strong buying interest across the board. The EURUSD pair was strongly rejected from the 1.1420 level on Thursday and holds an intraday bearish bias...
AUD/USD Outlook: Better Than Expected China’s Data Sidelined Bears But Risk Of Further Weakness Exists
The Australian dollar ticks higher on Friday, as traders booked profits from strong fall of past two days. Better than expected China’s Manufacturing data (Feb Manufacturing PMI 49.9 vs 48.5 f/c and 48.3 in Jan) sidelined bears, but recovery attempts...
USD/JPY Outlook: Final Break Above 200SMA Inflated Bulls For Test Of Next Key Barriers At 112.20/35
The pair maintains strong bullish tone and extends rally to psychological 112 barrier on Friday, after upbeat US GDP data on Thursday boosted the dollar. Eventual break and close above pivotal 200MA barrier (the pair last traded above it in...
NZD/USD Awaits US Fundamental Release
The New Zealand Dollar edged lower against the US Dollar on Thursday. The currency pair breached a support cluster formed by the combination of the monthly and weekly pivot points at 0.6834. Currently, the exchange rate is testing a resistance...
EUR/JPY Remains Near Monthly R3
Upside risks dominated the common European currency against the against the Japanese Yen on Thursday. The exchange rate rose by about 100 base points during Thursday’s trading session. The currency pair is currently trading near a resistance level formed by...
AUD/USD Breaches Medium Ascending Channel
Downside risks prevailed in the market on Thursday, thus sending the Australian Dollar to decline by 74 base points against the US Dollar. The currency pair breached the lower boundary of a medium-term ascending channel at 0.7098 during yesterday’s session....
USD/CAD Awaits NFP
During the last 24hrs, the US Dollar has depreciated about 72 base points against the Canadian Dollar. The currency pair breached both the 50– and 100-hour simple moving averages at the end of yesterday’s trading session. Everything being equal, it...
GBP/USD Outlook: Deeper Pullback Cannot Be Ruled Out On Bulls’ Stall / Profit-Taking
Cable holds in red for the second day and tested initial support at 1.3230 (rising 5SMA) on Friday. Profit-taking after strong rally this week could push sterling lower, as slow stochastic reverses from overbought territory and supports scenario. Pound was...
Quantitative tightening: To infinity – and beyond?
When Euromoney sat down with the head of securities at a large US firm in February, the conversation quickly turned to the market volatility at the end of last year. “December shocked me,” he confided. “There is yet to be...
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