Consumer Prices Increase More than Expected
CPI last month increased by 0.5% from January, according to the Labor Department. That followed increases of 0.4% the previous two months. Over the last 12 months, prices were up 2.1% in February. Economists had expected consumer prices to rise by 0.5% in February and the core consumer price index to gain 0.1%.
GBPUSD setting itself for a dip…
GBPUSD seems to be setting itself for another dip towards 1.4810 level and test that level again. Before doing so it is taking some correction and if GBPUSD rises to something around 1.5000 level, then it will be an ideal situation for traders to sell GBPUSD for targets around 1.4810 level. Break of 1.4810 will [...]
USDCHF taking breath before another go at 1.0700
USDCHF moved very nicely towards 1.0700 but was unable to break that level and is currently taking some breather. It seems that USDCHF will make another attempt towards 1.0730 level and if USDCHF manages to break above that level, then we will be looking at USDCHF moving towards 1.0850 level. On the lower side, the [...]
EURUSD all set for a dip below 1.3500
EURUSD is in full momentum to break below 1.3500 and then target 1.3410 level during this week. Looking at the current move, there will not be many traders, especially intra-day traders that will look t buy EURUSD at the moment. Mostly traders will look to sell, especially if EURUSD takes a bit of retracement and [...]
EURUSD looking to target 1.3800
EURUSD broke above an important level at 1.3620 and it seems that it is currently looking to target 1.3800 level. The zone between 1.3800 and 1.3850 levels is important because once EURUSD manages to break above that zone, then we will be looking at EURUSD heading towards 1.4000 level. The current momentum seems to be [...]
EURUSD could break resistance and head towards 1.3780
EURUSD is currently looking to test some important level at the moment. A good resistance can be seen at 1.3670 and EURUSD touched it once yesterday and might look to test it once again. If EURUSD managed to continue the current upward momentum and managed to break that level, then we will be looking EURUSD [...]
GBP/USD quickly advancing on new 9-month low…
The GBP is rapidly falling and soon to approach a fresh, 9-month low against the USD dollar which was set yesterday at 1.5189. This downward fall is due to the pair (GBP/USD) recently breaking through the 1.5240 support. We can report that Valeria Bednarik who is an independent analyst for FXStreet.com that: “The pound remains [...]
EURUSD getting ready for a dip
EURUSD was traded sideways with low volume for couple of days and its RRI was also on lower side and with sideways movement, RSI has opened up a bit and have created some space for downward move towards 1.3550 level. A good selling level is present just around 1.3680 and EURUSD already touched it one [...]
USDJPY looking to break the tight range
USDJPY is being traded in a tight, sideways trend and it seems that it is approaching a point where it is ready to break to a side and form a trend. The first focus level is at 90.40 and break of this will take USDJPY towards 93.00 level but it seems that it might not [...]
USDJPY being traded in tight range
USDJPY seems to stay in tight range and being traded in the same manner during this week. USDJPY is getting towards 90.00 level and we might see USDJPY going sown from there towards 89.00 level. Intra-Day traders will more be interesting in buying USDJPY around 89.00 level for short intra-day target. If USDJPY manages to [...]
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