FXStreet (Guatemala) – AUD/JPY is on course for a full on reversal of the uptrend that started from 0.79.20 territory on the 20th January this year.AUD/JPY was in supply at the turn of events when the RBA positioned themselves further into the dovish c…

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FXStreet (Córdoba) – A new wave of USD selling pushed EUR/USD above 1.1100 for the first time since October 23. The pair peaked at 1.1116 and it was trading at 1.1095, almost 200 pips from yesterday’s closing price.

While the euro showed strength in the market and also gains versus the pound and the Swiss franc on the back of risk aversion, the US dollar extended losses as market expectations of a rate hike by the Federal Reserve in March fade.

Today US employment data failed to boost the US dollar. On Friday, the official report will be release. Market consensus appears to be pointing that not even a strong NFP number could rise Fed chances of another hike.

EUR/USD technical levels

To the upside, immediate resistance might be seen at 1.1115/20 (daily high / 50% Fibonacci retracement 1.17 – 1.05), 1.1170 (Oct 5 & 6 low) and 1.1260 (61.8% Fibonacci retracement). On the flip side, support might now be seen at 1.1060/50 (December highs), 1.0980/90 (January highs / 38.2% retracement) and 1.0890 (20-day MA).

A new wave of USD selling pushed EUR/USD above 1.1100 for the first time since October 23. The pair peaked at 1.1116 and it was trading at 1.1095, almost 200 pips from yesterday’s closing price.

(Market News Provided by FXstreet)

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FXStreet (Guatemala) – GBP/USD took out all of the bears stops today and marched on the 1.45 handle to score recent highs of 1.4604 in fact. It has been a very bad day for the dollar, sold off across the board. The sell-off in the dollar is largely une…

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FXStreet (Córdoba) – NZD/USD continue to rise despite risk aversion on the back of a decline of the US dollar across the board. The pair printed a fresh high at 0.6670, the strongest level since January 8.

A strong NZD, a weak USD

During the Asian session the kiwi jumped in the market after employment data from New Zealand and receive another boost with declarations from RBNZ Governor, that dampened expectation of another rate cut. The NZD is among the top performers on Wednesday.

NZD/USD initially rose toward 0.6600 and then pulled back. After the release of US data Greenback tumbled in the market as Fed rate hike expectations fade and pushed the pair sharply to the upside. Currently is trading at 0.6660/65, up 2.70% for the day so far, having the best performance since October.

NZD/USD technical level

To the upside, resistance levels might be located at 0.6680 (Dec 18 low), 0.6700/10 (psychological / Oct 21 & 22 low) and 0.6725 (200-day MA). On the opposite direction support could be located at 0.6600 (psychological), 0.6560 (Jan 22, Feb 1 high) and 0.6505 (20-day MA).

NZD/USD continue to rise despite risk aversion on the back of a decline of the US dollar across the board. The pair printed a fresh high at 0.6670, the strongest level since January 8.

(Market News Provided by FXstreet)

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FXStreet (Córdoba) – AUD/USD staged an impressive rally on Wednesday as commodity currencies outperformed and the greenback weakened broadly.

AUD/USD rose nearly 150 pips throughout the day and reached a peak of 0.7143, where the 100-day SMA offered resistance during the American afternoon. At time of writing, AUD/USD is trading at 0.7135, recording a 100-pip, or 1.42%, daily gain.

AUD/USD levels to watch

In terms of technical levels, AUD/USD could find next resistances at 0.7143 (Feb 3 high/100-day SMA), 0.7170 (Jan 6 high) and 0.7200 (psychological levels). On the downside, short-term supports are seen at 0.7002/00 (Feb 3 low/psychological level) and 0.6918 (Jan 26 low).

AUD/USD staged an impressive rally on Wednesday as commodity currencies outperformed and the greenback weakened broadly.

(Market News Provided by FXstreet)

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FXStreet (Córdoba) – AUD/USD staged an impressive rally on Wednesday as commodity currencies outperformed and the greenback weakened broadly.

AUD/USD rose nearly 150 pips throughout the day and reached a peak of 0.7143, where the 100-day SMA offered resistance during the American afternoon. At time of writing, AUD/USD is trading at 0.7135, recording a 100-pip, or 1.42%, daily gain.

AUD/USD levels to watch

In terms of technical levels, AUD/USD could find next resistances at 0.7143 (Feb 3 high/100-day SMA), 0.7170 (Jan 6 high) and 0.7200 (psychological levels). On the downside, short-term supports are seen at 0.7002/00 (Feb 3 low/psychological level) and 0.6918 (Jan 26 low).

AUD/USD staged an impressive rally on Wednesday as commodity currencies outperformed and the greenback weakened broadly.


(Market News Provided by FXstreet)

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FXStreet (Córdoba) – Data released today of the non-manufacturing index, showed a slower growth, according to analysts from Wells Fargo despite the number, growth remains stronger than what it looks.

Key Quotes:

“The ISM non-manufacturing index came in weaker than expected in January. While the drop indicates a broadening slowdown in the economy, growth remains stronger than readings on industrial activity imply.”

“Annual revisions to the ISM indices show that the divergence between manufacturing and non-manufacturing activity was even wider in the final months of 2015. Although the gap has narrowed, the non-manufacturing index continues to show that growth has not slowed to the extent implied by factory activity.”

“The employment index fell to 52.1 in January and suggests hiring slowed significantly from the blistering pace in December. Along with the drop in the manufacturing hiring component, we have revised down our forecast for January payroll growth to 178,000.”

Data released today of the non-manufacturing index, showed a slower growth, according to analysts from Wells Fargo despite the number, growth remains stronger than what it looks.

(Market News Provided by FXstreet)

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Polish equity market closed higher on Wednesday. The broad market measure, the WIG Index, grew by 0.15%. Sector performance within the WIG Index was mixed. Materials sector (+1.43%) was best performer, while oil and gas group (-1.48%) recorded the wors…

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