EUR/USD met decent resistance around 1.2150
EUR/USD’s daily upside run out of steam around 1.2150. EMU’s Industrial Production expanded 0.1% MoM
USD/JPY: Bias still tilted to the downside – UOB
UOB Group’s FX Strategists noted the outlook for USD/JPY keeps pointing to further decline in
USD/CAD Price Analysis: Ignores oversold RSI, Tuesday’s Doji near 1.2100
USD/CAD refreshes intraday low, stays mildly bid after the previous day’s bullish candlestick formation. Oversold
German ZEW Economic Sentiment Index jumps to 84 in May, beats expecttaions
German ZEW Economic Sentiment arrived at 84 in May, up from 70.7 previous. ZEW Current
AUD/USD consolidates in a range below mid-0.7800s ahead of Australia’s federal budget
AUD/USD edged higher during the Asian session on Tuesday, though lacked any follow-through. The risk-off
GBP/USD sticks to the mixed outlook – UOB
Cable is expected to trade between 1.3800 and 1.4000 in the next weeks, suggested FX
EUR/USD likely moved into a rangebound phase – UOB
FX Strategists at UOB Group now see EUR/USD navigating between the 1.2000-1.2130 range. Key Quotes
AUD/USD faces strong resistance around 0.7820 – UOB
In opinion of FX Strategists at UOB Group, the upside momentum in AUD/USD is seen
NZD/USD remain firm above 0.7250 after NFP, holds onto strong weekly gains
A Sharp decline of the US dollar after NFP boosted NZD/USD to weekly highs. After
EUR/USD extends gains to two-month highs above 1.2150
After a brief recovery, US dollar resumes slide across the board. EUR/USD testing the 1.2150