Technical Analysis

Technical Outlook - Canadian Dollar Extends Recent Gains
April 16, 2015 - 15:03
Ever since the Crude Oil, the main export of Canada, started reversing its previous losses, the Canadian Dollar (CAD) also gained against majority of its counterparts; however, monetary policy meeting by the Bank of Canada, on Wednesday, said that no further “Easings” are imminent and provided considerable strength to the Loonie, as it is nicknamed. The CAD extended its gains on Thursday as Crude Oil prices surged after US Crude stockpiles printed lesser than expected reading. Market players are now looking for the monthly CPI...
Technical Overview - Important JPY Pairs
April 15, 2015 - 14:55
Uncertainty over the timing of the Fed’s first interest rate hike since 2006 and the Greek existence into the Euro-zone continued fueling the Japanese Yen (JPY) in recent days. Moreover, comments from the minutes of recent BoJ meeting, released on Monday, coupled with the hawkish statements from Koichi Hamada, a consultant to Shinzo Abe on economic policy, provided additional strength to the JPY. With the absence of major economic details from Japan during the rest of the week, market players are expected to concentrate more on the...
Technical Overview - EURGBP, EURAUD, EURNZD and EURCAD
April 15, 2015 - 14:49
On Tuesday, the Euro-zone common currency, EUR, managed to recover sharply from day's against USD led by slightly lower-than-estimated US monthly retail sales data. The common-currency, however, traded within a narrow trading range against GBP, AUD, NZD and CAD. On Wednesday, the common currency resumed its weakness ahead of ECB monetary policy meeting, later during the day. Given the backdrop, here is a technical update on important EUR pairs - EURGBP, EURAUD, EURNZD and EURCAD and how the pairs might move post ECB decision. ALSO READ...
Technical Update - EURUSD, GBPUSD, USDCAD and NZDUSD
April 14, 2015 - 15:30
The first trading day of the week began with the US Dollar strength against other major currencies. The greenback, although, gave up its early gains, especially against GBP and JPY, but still held on to its broad strength against EUR and commodity currencies (AUD, NZD and CAD) on the back of weak Chinese trade balance data. Investors will now look forward to some important economic data points and events from the US and other developed economies in order set the market tone for the rest of the week. ALSO READ: Can US Dollar Extend Last...
Technical Outlook - USDCHF, EURCHF and CHFJPY
April 10, 2015 - 14:40
Even if the Swiss CPI rallied to the highest level since June 2014, the CHF continued its decline as macro problems relating to commodity price decline, coupled with the mixed cues from Euro, continue hurting the regional currency. The CHF currently trades at the lowest level in more than two months against its European counterpart while it does tests more than two week lows against its US and Japanese counterparts. Given the backdrop, the following is a brief technical overview of USDCHF, EURCHF and CHFJPY. USDCHF USDCHF’s...
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