Daily Forex News

EUR/JPY’s break of 132.85 resistance indicates that rally from 124.35 has resumed, targeting 137.38 high and above. However, note that we’re still expecting strong resistance as EUR/JPY approaches 50% retracement of 169.96 to 112.10 at 141.03 and bring reversal. On the downside, below 129.85 support will suggest that rise from…

Some knee-jerk reactions was seen after ECB cut key interests rates by 25bps to 1.00% and announced quantitative easing measures which include purchase of up to 60b euro covered bonds denominated in euros and issued in the Eurozone. Nevertheless, Euro strengthened sharply against dollar, yen and sterling as dusts settle,…

Thursday in Asia, the Australian and New Zealand dollars registered strong gains against their key counterparts, as labor-market reports were better than economists estimated, adding to evidence the global contraction may be abating.

Sterling spikes lower after BoE announced to increase the size of the Asset Purchase Programme by 50b pounds to 125b pounds. MPC expects to take another three months to complete the programme. The decision to keep rate unchanged at 0.5% is widely expected by the ramp up of asset purchase…

AUD/USD’s rally resumes and extends further to as high as 0.7559 so far today, taking out mentioned 0.7475/7507 resistance zone. At this point, intraday bias remains on the upside as long as 0.7334 minor support holds. As mentioned before, sustained trading above mentioned 0.7475/7507 resistance zone will set the stage…

USD/CAD’s fall resumed and dives further to as low as 1.1629 so far. At this point, intraday bias remains on the downside as long as 1.1823 minor resistance holds. Further decline could still be seen towards 1.1464 support. However after all, focus will remain on reversal signal with USD/CAD is…

Intraday outlook in GBP/JPY remains neutral for the moment. On the upside, above 149.84 will suggest that rise from 138.99 has resumed. As mentioned before, current rise might extend further to 151.49 resistance and above as whole rebound from 118.81 resumes. Break of 151.49 will target 38.2% retracement of 215.87…

Intraday outlook in EUR/JPY remains neutral for the moment. On the upside, above 132.85 will indicate that rise from 124.35 has resumed. Further upside to 137.38 and above cannot be ruled out for the moment. But after all, upside potential should be limited as strong resistance should be seen near…

Intraday outlook in EUR/CHF remains neutral for the moment with an intraday low in place at 1.5016. While recovery from there continues, note that another fall is still in favor as long as 1.5197 minor resistance holds. Below 1.5016 will indicate that correction from 1.5446 has resumed towards 61.8% retracement…

With 4 hours MACD continues to stay below signal line, intraday outlook is turned neutral for the moment. On the upside, above 1.3236 will affirm the bullish case in EUR/USD. That is, choppy consolidation from 1.3737 has completed at 1.2884 already and rise from there should be resuming whole rebound…