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Thursday, May 1, 2014

Eurozone Inflation Quickens In April

Over the last several weeks analysts were hoping April's inflation will pick up and Draghi will postpone the decision to launch the U.S.-style quantitative easing programme. Earlier this week, German inflation rate fell short of analysts' forecasts, hence, the overall CPI measure had a potential to disappoint as well. Nevertheless,



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EUR/USD Remains Buoyant

Although it looked as if the support represented by the monthly PP has already been broken, EUR/USD found the strength to negate Tuesday's losses. Now the pair is once again trading in front of the major down-trend resistance line at 1.39, which is supposed make sure that the long-term outlook



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GBP/USD Soars Through Feb High

GBP/USD has finally accomplished one of its near-term goals, namely a breach of the February high. Consequently, there is a good chance the Pound will stay bullish for a while. The real challenge of the developing upward momentum is likely to start when the currency approaches the 2009 highs at



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USD/JPY Got Beaten By 100-Day SMA And Monthly PP

As the resistance at 102.63/55 proved to be impenetrable for now, USD/JPY retreated back to 102.26/19, where it will look for the support to launch yet another attack on the 100-day SMA and monthly PP. In case the demand here is insufficient to start a recovery, the bulls will be



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USD/CHF Stays Capped By Down-Trend Resistance

A sudden spark of bullish activity faded as soon as USD/CHF touched upon the major resistance at 0.8846. Now the currency pair is probing a new up-trend support at 0.8786, which may be drawn through the lows seen on Mar 13 and Apr 11. This line appears to be a



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Daily FX Analysis

The headline Euro-zone inflation rate at 0.7% was slightly weaker than the expected 0.8% with the Euro retreating to the 1.3770 area. Support here held comfortably and the currency rallied quickly, especially with the core inflation rate in line with expectations at 1.0%.



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Trade Idea: USD/CHF - Sell at 0.8825

As the greenback has fallen again after brief recovery, adding credence to our bearish view that the rebound from 0.8770 has ended at 0.8862 and consolidation with downside bias remains for test of this week's low of 0.8770 but break there is needed to extend the fall from last week's



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