Forex Daily Updates

[jani777]

GBP/USD slipping as markets hunker down ahead of the US inflation risk event


By - Fx Street

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[jani777]

EUR/USD: Euro trades below $1.2400 amid sliding German Yields

The EUR/USD is trading just below the $1.2400 level, marginally down on the day and erasing previous gains. The mood in markets remains negative after stocks dropped in the US and Asia. German 10-year bond yields are trading at their lowest since January.

[jani777]

USD/JPY: Dollar stabilizes amid the announcement of an inter-Korean Summit

The USD/JPY is trading around ¥106.50, down from near ¥107.00. North Korea's Kim will meet South Korea's Moon on April 27th, another step towards peace that pushes money away from the safe-haven yen. The fiscal Year 2017 draws to an end in Japan and last-minute portfolio adjustments are abundant.

[jani777]

GBP/USD grinding it out near the topside at 1.4050

immediate resistance is pegged near 1.4075 level, above which the pair is likely to aim towards surpassing the 1.4100 handle and head towards testing the 1.4135-40 supply zone. On the flip side, the 1.4020 area now seems to protect the immediate downside, which if broken might prompt some fresh selling and continue dragging the pair towards 1.3965-60 horizontal support

By - Fx Street
 
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[jani777]

USD/CHF neutral to positive above 0.9425 – Commerzbank

USD/CHF Resistance line eroded last week saw a slight erosion of the 4-month resistance line. It was not enough to reignite topside interest, but it did stop out our short positions. We are neutral to positive while above the 14th March low at .9425. The move above .9570 allows for a rally to the 200-day moving average at .9658. This guards the .9688/.9703 55 and 200-week moving averages.

We are still of the opinion that the cross formed a bottom at .9188

Failure .9425 will allow for slippage towards the next lower support at .9339/25 (the late February and current March lows)

By - Fx Street

[jani777]

GBP/USD analysis: bulls hesitating near 1.4200

Support levels: 1.4150 1.4115 1.4080
Resistance levels: 1.4200 1.4245 1.4290

By - Fx Street

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[jani777]

GBP/USD slipping as markets hunker down ahead of the US inflation risk event


By - Fx Street

For more Forex Signals related information.

GBPUSD: Selling near-term rallies seems to be the plan.

By- Fx Street