May 27, 2016 09:38 am UTC| Technicals
21DMA - 1.9693 7DMA - 2.0146 Spot ref: 2.0919 Bull swings taking support at 50% fibo retracements form bullish candle with big real body on monthly terms, previous intermediate downtrend seems to have reversed but...
May 27, 2016 07:51 am UTC| Research & Analysis
As stated in our previous article on technicals, this pair has been oscillating between 80.523 and 78.252 levels with reduced selling momentum but long term trend seems to be intact and leading and lagging indicators still...
May 27, 2016 06:19 am UTC| Technicals
On daily chart, prices drift in whipsaws pattern at 7DMA and at resistance of 79.547 levels. Considering previous downswings prior to the whipsaws, we may now expect slight upswings as the prices holding stronger at...
May 26, 2016 11:34 am UTC| Research & Analysis
Market players will pay close attention to comments from a pair of Fed officials later in the day for further hints on the timing of a U.S. rate hike. At present the expectation of a Fed hike in June is rising notably....
FxWirePro: Brazilian inflationary forecasts hinder BCB's hawkish moves - Hedge BRL bearish risks
May 26, 2016 09:59 am UTC| Commentary
In conjunction with structural constraints and commodity-led BRL depreciation, the BCBs easing bias over the past decade has been a key factor behind higher trend inflation. While we expect inflation to continue to...
FxWirePro: Many reasons that drive NZD depreciation and stagnant IVs
May 26, 2016 08:27 am UTC| Research & Analysis
NZ Treasury, budget, RBNZ and Fed hint on weakness in NZDUSD. We still expect NZD/USD to weaken as NZ/US monetary policy diverges. Furthermore, RBNZ doesnt really seem to have eased their economy by reducing 25 bps...
May 26, 2016 08:00 am UTC| Research & Analysis
Markets have been focused on the NZ trade balance and budget. NZ April 2016 Merchandise Trade prints positive numbers that drives NZDs strength for the moment. Balance: $292m (Market f/c: $117m) Exports : $4,300m...