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Forex Today: Kiwi rallies hard in Asia, German/ Eurozone PMIs in focus Dhwani Mehta

The Antipodeans emerged as the biggest beneficiary of subdued US dollar trades seen in the Asian session on the final trading day of this week. The market sentiment got a lift from the latest reports that the US is considering resuming trade talks with China. The Kiwi was the top gainer, despite mixed New Zealand economic releases while the Aussie follow suit. USD/JPY traded on the front foot, alt...

08:23 22 June /2018 Forex

Bitcoin price analysis: BTC/USD under pressure, but Fundstrat's experts believe the worst is over Tanya Abrosimova

Bitcoin is trading at $6,680 at the time of writing, down 1.6% on Friday. The price broke below $6,700 handle during early Asian hours with no fundamental trigger readily identified.According to Rob Sluymer, technical strategist at Fundstrat Global Advisors, Bitcoin is showing some signs of the upcoming recovery. The digital coin No. 1 bottomed out marginally above $6,000 in the middle of June and...

07:23 22 June /2018 Forex

EUR/USD gathers itself for another push from 1.16 ahead of EU PMIs Joshua Gibson

The EUR/USD is trading close to Thursday's close heading into Friday's European market session, which brings a dose of mid-tier PMI figures due early to kick off the week's end.The Euro managed to reverse the early week's losses against the US Dollar, lifting back toward's Tuesday's highs near 1.1645. The Greenback walked back on Thursday as ...

07:23 22 June /2018 Forex

GBP/USD: Bullish outside-day reversal above 1.3270 Omkar Godbole

The GBP/USD rose to 1.3270 on Thursday, engulfing the price action seen on Wednesday after the BOE Chief Economist Andy Haldane unexpectedly joined rate hike camp.At press time, the pair is trading at 1.3264. Haldane turned hawkish for the first time since joining the monetary policy committee four years ago and that has boosted the odds of a 25 basis point rate hike in August. So, the GBP will li...

07:23 22 June /2018 Forex

USD/JPY peeps above 110.00, bearish outside-day makes NY close pivotal Omkar Godbole

The USD/JPY is on the rise, having printed a session high of 110.08 earlier today, possibly on rumors of US-China trade talks.Bloomberg reported earlier today that some senior White House Officials are trying to restart talks with Beijing before the US tariffs on China come into effect on July 6. The ...

06:23 22 June /2018 Forex

USD/CAD Technical Analysis: Pullback in the offing Omkar Godbole

Hourly chartSpot Rate: 1.3307Daily High: 1.3322Daily Low: 1.3300Trend: Bearish, overbou...

06:00 22 June /2018 Forex

AUD/JPY is on the rise on rumors of US-China trade talks Omkar Godbole

AUD/JPY has likely picked up a bid on reports the senior White House Officials are trying to restart trade talks with China.US tariffs on Chinese products are set to take effect on July 6 and will likely lead to a full-blown trade war between two of the world's biggest economies of the world. Conseque...

05:23 22 June /2018 Forex

Above $74: Brent oil rises by $1 ahead of OPEC decision Omkar Godbole

Brent oil clocked a session high of $74.21 earlier today and was last seen trading at $74.00 - up 1.25 percent on the day.The black gold has likely picked up a bid due to uncertainty over whether the Organization of the Petroleum Exporting Countries (OPEC) wo...

04:46 22 June /2018 Forex

EUR/USD seen falling to 1.1200 by end-Q4 2018 - Barclays Dhwani Mehta

Barclays Research Team is out with its on the Euro, in the wake of broad-based US dollar strength predicted in the coming months.Key Quotes:“EUR/USD to trade at 1.12 by end of Q4 this year.Bank raised its forecasts for the USD pretty much across the board.Disappointing growth in the rest of the world as the ...

04:46 22 June /2018 Forex

GBP/JPY Technical Analysis: Sterling working towards 146.00 as the Yen cools off Joshua Gibson

GBP/JPY Chart, 15-MinuteSpot rate:            145.86
Relative change: 0.21%

04:46 22 June /2018 Forex

AUD/JPY Technical Analysis: Falling wedge breakout Omkar Godbole

15-minute chartSpot Rate: 81.23Daily High: 81.24Daily Low: 80.99Trend: Mild...

03:46 22 June /2018 Forex

USD/JPY seeking to retake 110.00 after Thursday's slide Joshua Gibson

The USD/JPY pair is reaching upwards in early Asia trading for Friday, testing back into the 110.00 handle.The Greenback retreated across the broader fx market on Thursday, sending the USD lower against the Japanese Yen. US Treasury yields also declined in the Thursday US session, further driving the Greenback down, as US markets recoiled fol...

03:23 22 June /2018 Forex

Wall Street closes with heavy losses weighed by Supreme Court's sales tax ruling Eren Sengezer

Major equity indexes in the United States started the day slightly lower and extended their losses amid revived concerns over trade conflict and the U.S. Supreme Court's decision to allow states to collect sales taxes from online retailers.The online retail store Amazon lost more than 1% on the day after the Supreme Court overturned a ruling from 1992 exempted online retailers from paying sales ta...

00:23 22 June /2018 Forex

EUR/USD holds to gains, consolidates above 1.1600 Matías Salord

The EUR/USD pair consolidate daily gains during the US session, benefit by a weaker US dollar. The euro rebounded after falling to test May lows.The pair started to recover after the Bank of England decision that boosted rate hike expectations. From the lows, EUR/USD rose more than a hundred pips and peaked at 1.1632. It pulled back finding support above 1.1600.The euro is about to end the day nea...

22:46 21 June /2018 Forex

EUR/USD bulls take a breather above 1.16 Eren Sengezer

The EUR/USD pair benefited from the broad-based selling pressure witness on the USD in the early NA session and erased its daily losses to turn positive above the 1.16 mark. After advancing to a fresh session high at 1.1633, the pair lost its momentum and was last seen trading at 1.1603, where it was up 0.25% on the day.The sudden risk-ave...

18:46 21 June /2018 Forex

WTI finds support near $64.50 Pablo Piovano

Prices of the barrel of the American reference for the sweet light crude oil are reverting yesterday’s gains and has dropped to the mid-$64.00s, where seem to have found some decent contention.WTI cautious ahead of OPECThe barrel of the West Texas Intermediate is prolonging the sideline theme so...

17:48 21 June /2018 Forex

US stocks hold weaker amid lingering US-China trade tensions Haresh Menghani

Major US equity indices witnessed yet another weaker opening on Thursday, with the blue-chip Dow Jones Industrial Average (DJIA) on track to extend its losing streak for the eight consecutive sessions.A full-blown trade war is now getting closer to reality, which continued weighing on investors' 17:00 21 June /2018 Forex