From Politics & Policy 12:52 am
Bell FX Currency Outlook The Australian Dollar's recent fall has stabilised with the local currency opening trade this morning in the mid 0.9700's.
From Forex May 18
Simultaneous Release at TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews. Good day forex traders and readers. In the previous AUD/USD forecast we noted ongoing bearish pressure. A bearish target would be 0. Resilience of the Australian economy might be weakening.
From Forex May 18
From Forex May 17
The Euro slipped to 1.2830 as European Central Bank (ECB) board member Benoit Coeure reiterated that the Governing Council is 'exploring options to further strengthen lending to the real economy and, in particular, to small and medium-sized enterprises,' and it seems as though the central ...
From Forex May 17
CHFThe planned long positions from the key supports were realized with loss of some pips in achievement of the minimum assumed target. OsMA trend indicator, having marked close parity of activity of both parties, gives grounds to assume sideway trading without any certainty in relation to choice of ...
From Forex May 17
This dollar continues to recover on the back of some hawkish commentary from Fed members. San Francisco Fed President John Williams waded into the debate last night and said that the Fed may start to buy bonds in the next few months. Williams' comments come after Fed member Charles Plosser expressed similar sentiments earlier this week.
From Forex May 17
USDCHF Forecast The USDCHF had another volatile but indecisive movement yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 0.9700 but need a clear break above 0.9747 to continue the major bullish scenario. Immediate support is seen around 0.9630.
From Forex May 17
USDJPY Forecast The USDJPY had another indecisive movement yesterday formed another Doji on daily chart. Price traded higher earlier today hit 102.62, turn my nearest term bias back to a bullish mode but note that we need a clear break above 102.75 to continue the bullish scenario. Immediate support is seen around 102.00.
From Forex May 17
GBPUSD Forecast The GBPUSD was corrected higher yesterday topped at 1.5319 but whipsawed to the downside and hit 1.5228 earlier today. The bias remains bearish in nearest term testing 1.5200 – 1.5150 area. Immediate resistance is seen around 1.5285.
From Forex May 17
EURUSD Forecast The EURUSD was indecisive yesterday formed a Doji on daily chart but overall still able to maintain is bearish bias. The appearance of a Doji after a bullish run could signal a bullish correction or at least a sideways condition but nearest term bias remains bearish.
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