Daily Forex News

GBP/USD’s fall from 1.5352 is still in progress and touches 4 hours 55 EMA in early US session. Intraday bias is cautiously on the downside as long as 1.5212 minor resistance holds and further fall could be seen towards outer channel support at 1.4658. Break there will be an early…

Markets are rather steady today so far, waiting for the stimulus to trigger some volatility. Yen tried to resume recent rally earlier today but lacked follow through buying. On the dollar hand, dollar remains bounded in tight range against other major currencies. Data released in US saw PPI rose 0.3%…

Thursday in Asia, the Southeast Asian currencies plunged against the dollar as an unexpected drop in U.S. retail sales and a slump in stock prices reduced demand for emerging-market assets.

Intraday bias in GBP/JPY remains on the downside as long as 146.30 minor resistance holds and further fall should be seen to trend line support at 142.57. ASs discussed before, break there will serve as an early alert that whole rally from 118.81 has completed. Focus will then turn to…

EUR/JPY’s break of 129.85 support suggests that whole rebound from 124.35 has completed at 134.82 already. At this point, intraday bias remains on the downside as long as 131.13 minor resistance holds and further decline could now be seen to retest 124.35 support. On the upside, above 131.13 will turn…

Short term outlook in EUR/GBP remains mixed for the moment with main quite on whether fall from 0.9494 has completed. We’d prefer to see a break out of range of 0.8763/9080 before concluding. On the upside, break of 0.9080 resistance will indicate that whole decline from 0.9494 has completed at…

Basically no change in EUR/CHF’s outlook as consolidation from 1.5446 is still in progress. Further fall is still mildly in favor with 1.5172 minor resistance intact, towards 61.8% retracement of 1.4577 to 1.5446 at 1.4909. But downside is still expected to be contained above 1.4820 support and bring strong rebound….

Touching of 1.1762 resistance argues that a short term bottom might be formed in USD/CAD, ahead of 1.1464 key support. Intraday bias is mildly on the upside for the moment for upper channel resistance at 1.1994. Sustained break there will serve as an early alert that whole decline from 1.3063…

AUD/USD’s consolidation from 0.7710 is still in progress and touches 4 hours 55 EMA today. Further pull back cannot be ruled out for the moment, but downside is expected to be contained by lower channel support (now at 0.7222) and bring rally resumption. Above 0.7710 will suggest recent rise has…

EUR/USD’s consolidation from 1.3721 is still in progress. With an intraday top in place close to 1.3737, intraday outlook remains neutral for the moment, with risk of pull back to 4 hours 55 EMA (now at 1.3462). Nevertheless, downside should be contained above 1.3250 support and bring rally resumption. Decisive…