USD/JPY rises as strong ISM Services allay fears, lift USD
May 05, 2015 14:25 pm UTC| Technicals
Strong ISM Non-manufacturing reinforces 120 base as Treasury yields rise Prices carom back toward 120.51 session high, but Q1 GDP drop a drag Need stocks to endure higher rates to reduce risk-off yen buying ISM bodes...
EUR/USD dives below 1.1120, Greek headlines smash EUR
May 05, 2015 14:19 pm UTC| Technicals
EUR/USD negated threat to 1.1175/80 resistance as Greek headline cross wires EUR/USD dives below 1.1120; Spread widening aids slip Greek Govt official note serious disagreements between EU IMF Problems are creating...
EUR/NOK cracks 10DMA at 8.4485
May 05, 2015 14:11 pm UTC| Technicals
EUR/NOK hits 8.4190 lows after cracking 10DMA at 8.4485 Having again been rejected at the 200DMA May 1 bear side calling Scope for a full retrace to 8.3460 and possibly 8.3230 recent range base Oil up, unsubstantiated...
EUR/GBP back by cloud top after the 0.7315 bounce
May 05, 2015 13:30 pm UTC| Technicals
EUR/GBP tests cloud top after the 0.7315 bounce. Offer filled by there Pair looking to retrace the 0.7132/0.7420 rally - 0.7310 38.2% first up Then 0.7276 and 0.7242. The latter is the initial target for the short...
Trade data weighs on USD/JPY, but decent bids by 120
May 05, 2015 13:19 pm UTC| Technicals
US Mar Trade Deficit surge dents Treasury yields USD, but its Q1 Non-Mfg ISM for Apr more relevant to Medium-Term Fed tightening view pre NFP Good bids 120.00-05: Down TrendLine From 122.04, 23.6% 118.50-120.51 days...
USD/MXN edges lower, eyes multiple support area at 15.3688
May 05, 2015 13:07 pm UTC| Technicals
USD/MXN slightly lower as oil/commodities firm, US trade figures miss forecast UST yields lower, main event Fridays NFP, US hike overhang weighs on MXN (Sept/Oct expected) USD/MXN support at 15.3688 50% Fib of...
AUD/NZD bulls buoyed by diverging monetary policy
May 05, 2015 12:36 pm UTC| Technicals
RBA cuts but easing bias seemingly gone, RBNZ adopted ease bias Diverging monetary policies likely to have bull impact on AUD/NZD Overnight price action reflects view, 1.0505/35 resistance under threat RSIs biased up,...