USDJPY Struhhling With 113.37 Resistance Level
The US dollar is struggling to break above the 113.37 resistance level against the Japanese yen currency, as traders remain cautious ahead of the US mid-term elections. The overall sentiment surrounding the USDJPY pair is bullish while price trades above...
GBPUSD Buyers Firmly In Control
The British pound continues to trade to the upside against the US dollar despite much weaker than expected PMI Services data from the UK economy during the month of October. Positive Brexit news is driving the intraday sentiment surrounding the...
GBPUSD Outlook: Limited Impact from Upbeat US NFP Data But Bulls May Hold in Extended Consolidation Before Resuming
Cable dipped to the session low at 1.2982 after US jobs data beat, which inflated dollar, but pound’s weakness was so far limited. US No-Farm payrolls jumped to 250K in Oct, well above Sep downward-revised at 118K and forecast for...
NZDJPY Challenges 3-Month Highs, Short-Term Outlook Still Neutral
NZDJPY soared in recent sessions, before it met resistance near the crossroads of the 75.60 zone and its 200-day exponential moving average (EMA), and subsequently pulled back somewhat. The inability of the bulls to break above this crossroads suggests that...
GER 30 Index Bullish In Short-Term At 11-Day High, Remains Bearish In Medium Term
The Germany 30 index advanced by roughly 600 points after hitting its lowest since December 2016 at 11,047.80 in late October. Moreover, the benchmark is looking set to record its seventh straight day of gains on Friday, having touched an...
EURUSD Now Bullish Above 1.1431 Level
The euro currency has continued to recover higher against the US dollar, with the price now trading firmly above the 1.1400 level ahead of the release of the US monthly jobs report. The intraday bias surrounding the EURUSD pair is...
USDJPY Key Levels To Watch Into The US Session
The US dollar is trading lower against the Japanese yen, ahead of the release of the US Nonfarm Payrolls job report for the month of October. Price has once again been rejected from the 113.00 level, with the intraday bias...
NZD/USD Analysis: Awaits Non-Farm Payrolls
The New Zealand Dollar appreciated about 130 base points against the US Dollar on Thursday. The currency dashed through the weekly R1 at 0.6623 during the end of the previous session. By the middle of the European trading session on...
USD/CAD Analysis: Awaits Fundamental Releases
The Greenback has continued its decline against the Canadian Dollar. The currency pair tested the lower boundary of an ascending trendline at 1.3054 during the Asian session on Friday. Everything being equal, it is likely that the downside momentum will...
WTI Oil Outlook: Bears Take A Breather Ahead Of Fresh Downside
WTI oil is consolidating above new seven-month low at $63.10, hit on Thursday after steep four-day fall from $67.93 lower top. Easing global supply concerns on increased production of world’s top oil producers, which aim to offset negative impact from...
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