USD/CNH's daily chart shows a bearish channel breakout.
A break above 6.90 looks likely.
The path of least resistance for USD/CNH is on the higher side, technical charts indicate.
The pair closed at 6.8834, confirming a falling channel breakout. The pattern indicates the pullback from June's high of 6.9618 has ended and the bulls have regained control.
USD/JPY is flashing green for the third straight day.
American Dollar is bid on lower odds of aggressive Fed easing.
USD/JPY is looking to break above 108.00 in the Asian session, having registered gains in the previous two trading days.
The pair eked out moderate gains on Monday even though President Trump ramped up pressure on the US Federal Reserve to ...
RBNZ on course for an interest rate cut in August.
Calls for QE far too premature and should not be impacting the price of spot NZD/USD.
NZD/USD dropped a touch on the RBNZ headlines which have warned markets that the RBNZ is looking to refresh the unconventional policy strategy.
Looking at refreshing unconventional policy strategy.
FX Strategists at UOB Group do not rule out a challenge of the 1.1200 handle in the very near term.
24-hour view: “We highlighted last Friday that EUR “could continue to trade in a choppy manner”. EUR subsequently surrendered all of its Thursday (18 Jul) gain as it dropped to a 1.1202 during late NY hours. While the outlook remains mixed, the slig...
Hong Kong shares pressured
It was a quiet session in Asia to open the week with equities performing better than other asset classes. Most indices countered Friday’s losses on Friday, eking out small gains without any particular motive driving sentiment. US indices rose between 0.20% and 0.25% but Ho...
EUR/USD is trapped in a 100-pip range since July 9.
Markets have priced out prospects of an aggressive Fed easing.
ECB is expected to send out a strong dovish signal on Thursday.
EUR/USD continues to trade a narrow range amid falling odds of an aggressive easing by the US Federal Reserve (Fed) later this month.
As of writing, the pair is mildly bid at 1.121...
EUR/USD continues to hold within "range" over the past two weeks
For the most part over the last two weeks of trading, the pair has been bouncing around 1.1200 and 1.1280 with price now hovering around 1.1210-20 to start the week. Sellers remain in near-term control as price holds below both key hourly moving averages and also below the 100-day moving avera...
Short-term ascending trend-lines add support below 23.6% Fibonacci retracement for Gold.
$1,436.50/37 will validate the strength of the latest pullback.
Gold is again being bought as it reverses from 23.6% Fibonacci retracement of June-July advances to $1,427 by early Monday.
The yellow metal now r...
Bears are lining up for a run to a 119.91 longer-term range 78.6% Fibonacci retracement.
Bulls rejected by the 23.6% Fibo of the 10th July highs and recent swing lows.
EUR/JPY has managed to price through the hourly 50 moving average, firmly rejected by the 23.6% Fibo of the 10th July highs and rec...
Dialed down calls for Fed rate cut favor the greenback against the Rupiah that bears the burden of BI rate cut.
Lack of data/events from Indonesia keeps the spotlight on the US related headlines.
USD/IDR isn’t immune to the recent US Dollar (USD) strength as it pulls back from multi-month low to 13,955 during early Monday.
The pair slipped to the lowest sin...
EUR/JPY is bid after seven-day losing streak.
The outlook remains bearis despite defense of 120.78.
Dsaily chart shows a channel breakdown.
EUR/JPY is currently trading at 120.93, reprresenting marginal gans on the day, having printed losses in the previous seven trading days.
The pair has again bounced up from the June 3 low 120.78, having defended the ...
21-day EMA holds the key to USD/CNH run-up towards 23.6% Fibonacci retracement.
50-day EMA acts as immediate support amid recent lower-high formation.
USD/CNH takes one more U-turn from the 21-day exponential moving average (EMA) as it trades near 6.8800 during early Monday.
The pair is now expecte...
The geopolitical risk surrounding Iran helps oil extend the latest recovery.
The US-China trade positive sentiment favors commodity-linked currencies.
The USD struggles to carry previous strength forward.
With the oil prices gaining on the back of political headlines concerning Iran, USD/CAD retrea...
USD/JPY is starting out in Tokyo trade slightly bid, with eyes on Fed expectations.
Escalating tensions between Tehran-Washington and the US to keep bulls in check.
USD/JPY is starting out in Tokyo trade slightly bid, supported in the high end of the 107 handle despite a risk-off theme surrounding the latest Iran/UK and US risk which heightened at the end ...
4H 100MA, 11-week descending trend-line limit the GBP/USD pair’s near-term upside amid overbought RSI levels.
Sellers await a break of 1.2510/05 for fresh positions.
The GBP/USD pair’s recent recovery is currently struggling with the 100-hour moving average (4H 100MA) while taking the rounds to 1.2545 on early Friday.
Not only repeated failure to cross the ...