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Monday, April 20, 2015

USD/CAD Daily Outlook

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

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

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

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

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

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

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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