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Emerging Market Currencies News

EUR/USD remains neutral

The EUR/USD has been trading around the same level for the past few days. A base is being formed at around 1.2400, preparing the market for a breakout in either direction.

EUR/AUD Eyes 1.4150 on Disappointing Euro Data

This week EUR/AUD continued its recent losing streak, increasing potential for future losses after two major support levels at 1.4358 and 1.4312 failed to keep sellers in check.

EURUSD: Hawkish FED, Stronger Dollar

The Fed ended its third round of QE yesterday, and was positive regarding the labour market, economy, and inflation. US indices reversed gains, while US Treasury yields rose, the dollar appreciated and Gold fell.

GBP/AUD: Pound Suffers Losses On Housing Worries

While some traders are patiently waiting for the FOMC Statement, with a narrow focus on the greenback, Sterling sellers are cashing in on a major sell-off that could extend for several more days.

EUR/AUD: Range Contracts As Breakout Looms

Aussie advanced further against a basket of currencies on Tuesday, but EUR/AUD held above support at 1.4358 as daily ranges contract ahead of a possibly large breakout move.

EUR/NZD Breaks Below Critical Support

Euro suffered a broad sell-off against a basket of currencies on Tuesday. Among other pairs, EUR/NZD tumbled below a 2-week range, signaling more losses in the near future.

EUR/CAD Bulls Gain Momentum

EUR/CAD recovered above 50-Day Simple Moving Average in the early trading hours on Monday, showing strong intentions of resuming October’s uptrend now that a Higher Low is priced in.

Canadian Dollar Turns Bullish Ahead of CPI

The currency rollercoaster continues with large volatility and extremely wide intraday swings. Price action is starting to show a large bullish reversal pattern following a 700 pip decline in CAD/JPY since September.

AUD/JPY set to rebound

AUD/JPY completes a corrective wave and is set for a resumption of the major bullish trend towards 98.70

AUD/JPY Turns Bearish As Yen Recovers

Last week, the Australian Dollar failed to maintain a bullish swing configuration against the Yen, triggering a sell-off that could extend down to August lows.

Bulls Dominate EUR/CHF

EUR/CHF reverses to uptrend and confirms bullish set-up close to key 1.2000 peg

Bulls ahead of EUR/AUD!

EUR/AUD presents nice technical formation on a weekly basis making the pair beautiful sight analysis to finish the trading week by.

Bulls ahead of EUR/AUD!

EUR/AUD presents nice technical formation on a weekly basis making the pair beautiful sight analysis to finish the trading week by.

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