Daily Forex News

Friday during early deals, the Swiss Franc remained under heavy selling pressure after the Swiss National Bank said yesterday it began buying foreign currencies in its first solo intervention in foreign-exchange markets since 1992. The franc tumbled to near a 3-month low against the euro and a 1-week low against the pound. The franc also traded near yesterday’s 3-month low against the dollar and a 16-day low against the yen.

The Japanese currency declined against most of its major counterparts on Friday morning in Asia as a surge in Asian stocks gave traders confidence to buy higher-yielding assets with money borrowed from Japan. The yen slumped to a new multi-month low against the euro, 8-day low against the Australian dollar and a 3-day low against the pound.

The Japanese currency declined against most of its major counterparts on Friday morning in Asia as a surge in Asian stocks gave traders confidence to buy higher-yielding assets with money borrowed from Japan. The yen slumped to a new multi-month low against the euro, 8-day low against the Australian dollar and a 3-day low against the pound.

The Japanese currency declined against most of its major counterparts on Friday morning in Asia as a surge in Asian stocks gave traders confidence to buy higher-yielding assets with money borrowed from Japan. The yen slumped to a new multi-month low against the euro, 8-day low against the Australian dollar and a 3-day low against the pound.

USD/CAD is still bounded in sideway consolidation between 1.2710 and 1.3063 for the moment. Outlook remains unchanged. With 1.2710 support intact, further rise is still expected. Above 1.3063 will indicate that recent rally has resumed for next target of 61.8% retracement of 1.6196 to 0.9056 at 1.3469. On the downside,…

AUD/USD’s break of 0.6553 resistance indicates that fall from 0.6849 has completed at 0.6284 already. At this moment, it’s uncertain whether rise from 0.6248 are developing into consolidation to fall from 0.7267 or reversing that fall. Nevertheless, short term outlook will remain bullish as long as 0.6408 support holds and…

EUR/GBP’s retreat from 0.9317 extends further today and touching of 0.9190 minor support indicates that a temporary top is formed. Intraday outlook is turned neutral for the moment and some pull back could now be seen towards 4 hours 55 EMA (now at 0.9082). Nevertheless, downside should be contained above…

EUR/CHF’s strong rally extends further to as high as 1.5397 today and at this point, intraday bias remains on the upside as long as 1.5171 minor support holds. As discussed before, prior break of 1.5191 resistance indicates that whole fall from 1.5880 has completed at 1.4577 already. Further rise should…

GBP/JPY’s strong rebound from 131.43 and break of 136.09 minor resistance indicates that fall from 141.74 has likely complete with three waves down to 131.43. Intraday bias is flipped back to the upside for retest of 141.74 high first. Nevertheless, break of this resistance is needed to confirm resumption of…

EUR/USD’s choppy rebound from 1.2456 is still in progress and at this point, intraday bias remains on the upside as long as 1.2731 minor support holds. Further rise could still be seen. Note that firm break of 1.2991 resistance will indicate that a short term bottom is formed at 1.2456…