Euro Area Inflation Accelerates Above Expectations in April, Likely to Slow down in May

Inflation in the euro area accelerated above consensus expectations in April. The headline inflation rose to 1.9 percent year-on-year from 1.5 percent recorded in the prior month. Consensus expectations were for the inflation to rise to 1.8 percent. Core inflation was the main driver that rose to 1.2 percent year-on-year from 0.8 percent. Core inflation Read more about Euro Area Inflation Accelerates Above Expectations in April, Likely to Slow down in May[…]






Trading Plan for EUR/USD and GBP/USD for April 28, 2017

Technical outlook: So the story continues as discussed earlier and EUR/USD probably just found a top around 1.0950 levels. Maybe at the most, one more high which looks less probable at the moment though. Please also note the evening star appeared yesterday and a good test was done today a few hours ago. Moreover, it Read more about Trading Plan for EUR/USD and GBP/USD for April 28, 2017[…]






Daily analysis of NZD/USD for April 28, 2017

Overview The NZD/USD pair held stable below 0.6915 after retesting it yesterday, which keeps our bearish view valid until now. This view is supported by the negative pressure formed by the EMA50, and the way is open to visit our next target at 0.6780. Therefore, we are waiting for more decline in the upcoming sessions, Read more about Daily analysis of NZD/USD for April 28, 2017[…]






Daily analysis of USD/CAD for April 28, 2017

Overview The USD/CAD pair retested the level of 1.3574 yesterday and held stable above it, resuming its positive trading and attempting to build support base above 1.3600 barrier. It reinforces the expectations of more rise in the upcoming period, and the way is open to head towards the lelev of 1.3837 which represents 61.8% Fibonacci Read more about Daily analysis of USD/CAD for April 28, 2017[…]






Daily analysis of EUR/JPY for April 28, 2017

Overview The EUR/JPY pair formed an intraday negative rebound to test the initial support at 120.80. A good leaning point has been formed which confirms continuation of the positivity in the upcoming period. We notice the price rally, which makes us keep our bullish expectation. Our positive targets located at 122.90 and 124.15. Any attempt Read more about Daily analysis of EUR/JPY for April 28, 2017[…]






Daily analysis of GBP/JPY for April 28, 2017

Overview The GBP/JPY price confirmed the continuation of the bullish bias, trading above the barrier at 143.35 levels. The pair started recording new positive targets as shown in the image above. This makes us wait until recording the next target at 145.40. Note that surpassing this level will open the way towards testing the achieved Read more about Daily analysis of GBP/JPY for April 28, 2017[…]