GBP/USD Key Support at 1.5030

The Pound found strong demand at the aforementioned 1.4873 level and has extended a rally towards the previous high just under 1.5200.
Near term bias is slightly turned to the upside as a correction in the pair seems imminent. Medium to longer term continues to be set to the downside on deficit and political concern.
In the [...]

AUD/USD Testing Key 0.9193

The Aussie had a volatile day yesterday as the morning began with risk aversion but ended on a positive note. Stocks in U.S. managed to close higher, driving the S&P 500 to its highest level since October 2008.
A stronger-than-expected Chinese inflation number yesterday fueled concern that China may increase interest rates to cool its economy. [...]

AUD/USD First Target Met at 0.9145(+20)

AUD/USD rose to an intraday high at 0.9168, to reach our short entry point at 0.9165. First target was met for +20 points (0.9045). Move stops to break even or leave room to breath. Next target 0.9077.
View Original analysis Here.

DISCLAMER: The above post is for information only. Before making your investment decisions please acknowledge that [...]

EUR/USD: U.S. Retail Sales to Guide the Pair (1.3660)

The pair continues to trade within a consolidation range as developments in the EuroZone continue to linger.
Concerns over Greece have eased, helping the Euro hold ground. Focus will now be on the proposed IMF-style institution, economic data from the US and the EuroZone, and performance in stocks.
The ECB is still expected to leave rates unchanged [...]

AUD/USD Limit Sell at 0.9165*

The Aussie has been quite volatile as traders are unsure if prices above 0.9200 can be justified in the current state of the global economy.
Employment data came in below estimates with the economy adding 400 jobs in February, below analyst estimates that saw a 15K increment. Full time employment increased by 11,400, while part-time jobs [...]

NZD/USD Limit Sell at 0.7035

The New Zealand Dollar fell sharply after the RBNZ rate decision as the bank was viewed more dovish than expected.
The Bank reiterated it will start hiking rates by the middle of this year, but warned that higher funding costs would reduce the extent of further rate rises. In addition, Governor Bollard noted that the future [...]

Daily Forecast for Majors

EURUSD Forecast:
The EURUSD didn’t make significant movement yesterday. Overall price is still in consolidation range of 1.3450/35 – 1.3735/50. The bias remains neutral both in nearest and medium term but the long term outlook remains bearish. For me, there are two technical events that must take place in this situation to give us clearer direction, [...]

Afternoon Forex Overview

Previous session overview
The dollar rose versus the Japanese yen and British pound on Wednesday, but the euro managed to erase an earlier loss versus the greenback after stronger-than-expected manufacturing data from France and Italy.
The euro traded at USD1.3620, up from USD1.3598 in late North American trading Tuesday. The single currency had been under pressure in [...]

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