AUD/USD: More Rate Cuts May Come, Indicated The RBA

10:58 PM AUD/USD: More Rate Cuts May Come, Forex news, Indicated The RBA No Comments

The pair is expected to find support at 0.7641, and a fall through could take it to the next support level of 0.7589. The pair is expected to find its first resistance at 0.7787, and a rise through could take it to the next resistance level of 0.788.

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EUR/USD: Euro Trading Lower Ahead Of Germany's ZEW Survey

10:58 PM EUR/USD: Euro Trading Lower Ahead Of Germany's ZEW Survey, Forex news No Comments

The pair is expected to find support at 1.0691, and a fall through could take it to the next support level of 1.0654. The pair is expected to find its first resistance at 1.0786, and a rise through could take it to the next resistance level of 1.0844.

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GBP/USD: Pound Extends Its Losses In The Asian Session

10:58 PM Forex news, GBP/USD: Pound Extends Its Losses In The Asian Session No Comments

The pair is expected to find support at 1.4852, and a fall through could take it to the next support level of 1.4815. The pair is expected to find its first resistance at 1.4954, and a rise through could take it to the next resistance level of 1.5020.

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EUR/USD Daily Outlook

10:58 PM EUR/USD Daily Outlook, Forex news No Comments

Intraday bias stays neutral for the moment. Consolidation pattern from 1.0461 is still in progress and stronger recovery cannot be ruled out. But near term outlook stays bearish as long as 1.1096 support turned resistance holds and downside breakout is expected. Below 1.0461 will extend larger down trend to next fibonacci level at 1.0283.

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USD/JPY: Japanese Yen Trading Lower In The Asian Session

10:58 PM Forex news, USD/JPY: Japanese Yen Trading Lower In The Asian Session No Comments

The pair is expected to find support at 118.78, and a fall through could take it to the next support level of 118.16. The pair is expected to find its first resistance at 119.77, and a rise through could take it to the next resistance level of 120.14.

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USD/CHF: Swiss Franc Trading Lower This Morning

10:58 PM Forex news, USD/CHF: Swiss Franc Trading Lower This Morning No Comments

The pair is expected to find support at 0.9512, and a fall through could take it to the next support level of 0.9453. The pair is expected to find its first resistance at 0.9615, and a rise through could take it to the next resistance level of 0.9659.

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USD/CAD: Loonie Trading On A Weaker Footing In The Asian Session

10:58 PM Forex news, USD/CAD: Loonie Trading On A Weaker Footing In The Asian Session No Comments

The pair is expected to find support at 1.2202, and a fall through could take it to the next support level of 1.2145. The pair is expected to find its first resistance at 1.2292, and a rise through could take it to the next resistance level of 1.2326.

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GBP/USD Daily Outlook

10:58 PM Forex news, GBP/USD Daily Outlook No Comments

With 1.4811 minor support intact, further rise is mildly in favor in GBP/USD. The correction from 1.4565 might extend higher and in that case, focus will be on 1.5551 cluster resistance, 38.2% retracement of 1.7190 to 1.4565 at 1.5568. Meanwhile, below 1.4811 minor support will turn bias back to the downside for 1.4565 low instead.

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USD/CHF Daily Outlook

10:58 PM Forex news, USD/CHF Daily Outlook No Comments

Intraday bias in USD/CHF stays neutral first. The correction pattern from 1.0127 will possibly extend with another fall leg. Break 0.9471 will turn bias to the downside for 100% projection of 1..0127 to 0.9471 from 0.9862 at 0.9206. On the upside, though, above 0.9862 will extend the rebound form 0.9471 to retest 1.0127 resistance.

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USD/JPY Daily Outlook

10:58 PM Forex news, USD/JPY Daily Outlook No Comments

A temporary low is in place at 118.51 in USD/JPY and intraday bias is turned neutral first. Overall, the pair is staying in sideway consolidation and another fall could be seen. Below 118.32 will extend the decline from 122.01. In that case, we'd expect strong support from 115.55 cluster support

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USD/CAD Daily Outlook

10:11 PM Forex news, USD/CAD Daily Outlook No Comments

Intraday bias in USD/CAD remains neutral for consolidation above 1.2086 temporary low. As noted before, a medium term should be in place at 1.2834. We'd expect recovery from 1.2086 to be limited by 1.2387 support turned resistance and bring fall resumption. Below 1.2086 will target 38.2% retracement of 1.0620 to 1.2834 at 1.1988.

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AUD/USD Daily Outlook

9:55 PM AUD/USD Daily Outlook, Forex news No Comments

AUD/USD's recovery was limited at 0.7841 and weakened from there. It's bounded in range of 0.7532/7937 and intraday bias stays neutral. With 0.7937 resistance intact, the larger down trend is still expected to resume later. Break of 0.7532 will extend the larger decline from 0.9504 to next fibonacci level at

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Daily Report: Aussie Lower as RBA Signaled Further Rate Cut

9:55 PM Daily Report: Aussie Lower as RBA Signaled Further Rate Cut, Forex news No Comments

Aussie weakens against dollar in Asian session as RBA minutes signaled further rate cut. Policymakers acknowledged that "the responsiveness of borrowers and savers to changes in interest rates and asset prices was unusually uncertain in a world of very low interest rates and high household leverage". The outlook of the

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Foreign Exchange Market Commentary

9:24 PM Foreign Exchange Market Commentary, Forex news No Comments

THE EURO closed lower on Monday. The lowrange close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing are needed

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Daily Technical Analysis

9:24 PM Daily Technical Analysis, Forex news No Comments

The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.0711. The bias is bearish in nearest term testing 1.0700 – 1.0670 and the lower line of the bullish channel but price is still unable to make a clear break below the hourly EMA 200 so far as you

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RBA Minutes Show Household Rate Response Is Uncertain

9:24 PM Forex news, RBA Minutes Show Household Rate Response Is Uncertain No Comments

Australia's central bank said households' response to easy monetary policy was 'unusually uncertain” and it saw an advantage in waiting for more economic data before deciding on further rate reductions. It also warned the nation's business investment outlook could weaken.

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Market Morning Briefing

9:24 PM Forex news, Market Morning Briefing No Comments

Euro (1.0726) came off sharply from channel resistances mentioned yesterday, see chart: http://ift.tt/1cTy3ES and may move towards immediate supports near 1.0715-1.0695.

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AUD/USD – Relying Upon Support At 0.77 Again

8:52 PM AUD/USD – Relying Upon Support At 0.77 Again, Forex news No Comments

To start this new week the Australian dollar has fallen sharply but landed on the previous key level at 0.77 which has offered considerable support. The Australian dollar enjoyed a solid week last week moving off support around 0.76 to reach a three week high just shy of the resistance level

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Australia 200 – Enjoys Support From 5800

8:52 PM Australia 200 – Enjoys Support From 5800, Forex news No Comments

The Australian 200 index is once again enjoying solid support from the 5800 level which is allowing time and space to rally and return to near the 6000 level. Throughout last week the Australian 200 index showed some positive signs and moved well towards the resistance at 6000 before finishing

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GBPUSD - Weakens, Vulnerable Below Key Resistance

8:38 PM Forex news, GBPUSD - Weakens, Vulnerable Below Key Resistance No Comments

GBPUSD With GBP seen weak and vulnerable on the back of its rejection candle print on Friday, more decline cannot ruled out. On the downside, support lies at the 1.4850 level where a break if seen will aim at the 1.4800 level. A break of here will turn attention

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