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EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside as fall from 1.1615 would extend to channel support (now at 1.1077). As noted before, rise from 1.0517 is likely finished on bearish divergence condition in daily MACD. Sustained break of the channel support will confirm this case and target 1.0461/0517 support

GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. Overall, near term outlook stays a bit mixed as the pair is staying well inside near term rising channel but fails to break through long term trend line resistance decisively yet. On the downside, break of 1.4604 minor support will add

USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside for the moment. Current rise from 0.9443 should extend to 61.8% retracement of 1.0327 to 0.9443 at 0.9989. Sustained trading above will pave the way for retesting 1.0327 high. In any case, break of 0.9871 support is needed to indicate short term

Market Morning Briefing
Overall major currencies are weak against the US Dollar after Yellen mentioned that a rate hike could happen in the coming months. Dollar Index (95.89) rose with a gap up opening and could trade higher for sometime. China central bank weakened the Yuan (6.5763) to 6.5784, cutting 0.45% after Yellen’s

USD/JPY Daily Outlook
USD/JPY's rebound from 105.54 resumes today by taking out 110.58 resistance and reaches as high as 111.01 so far. Intraday bias is on the upside for 111.85 resistance. The outlook in the pair is turned a bit mixed with the current rise. On the bearish side, it's limited below 111.85

Daily Report: Dollar Higher ahead of Important Data Week, Yen Lower after Retail Sales
Dollar opened the week generally higher, except versus Sterling, as boosted by more hawkish comments from Fed officials. Fed chair Janet Yellen said last Friday that "it's appropriate for the Fed to gradually and cautiously increase our overnight interest rate over time, and probably in the coming months such

USDCHF - Looks To Extend Gains On Higher Weekly Close
USDCHF Having the pair extended its bullish offensive to close higher at the end of the week, more strength is envisaged. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800

EURUSD - Looks To Weaken Further On Bear Pressure
EURUSD With EURUSD weakening for a fourth week in a row, more downside pressure is expected in the new week. Support lies at the 1.1050 level. Further down, support comes in at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will

APAC Currency Corner – It's US Employment Data Week!
Fed chairperson Janet Yellen's Harvard speech on Friday yielded a significant response from USDJPY traders. The pair moved to the 110.50 near-term resistance level after being mired in very tight ranges most of Friday's session. On the back of improving risk sentiment, increasing bets on a Fed rate rise after

GOLD - Follows Through Lower On Further Weakness
GOLD The commodity continues to hold on to its downside pressure with more weakness expected in the new week. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door

Weekly Review and Outlook: Dollar Maintained Strengthen as Fed Yellen Affirmed Near Term Hike, ...
Dollar continued to be supported by hawkish comments from Fed officials last week. And the remarks by Fed chair Janet Yellen on Friday added to case that Fed will raise interest rate soon. And judging from the overall comments, the rate hike will come either in June or July. Fed

EUR/USD Weekly Outlook
EUR/USD's fall from 1.1615 continued last week and reached as low as 1.1110. The development is so far in line with the view that rise from 1.0517 is completed on bearish divergence condition in daily MACD. Initial bias stays on the downside this week. Sustained break of the channel support

USD/JPY Weekly Outlook
USD/JPY continued to struggle in range below 110.58 last week and initial bias stays neutral this week first. Further rise could be seen but with 111.85 resistance intact, outlook stays bearish and down trend from 125.85 is expected to extend through 105.54. Below 108.71 minor support will turn bias to

GBP/USD Weekly Outlook
GBP/USD's rally attempt was limited below 1.4769 resistance last week and lost momentum again. Initial bias is turned neutral this week first. Overall, near term outlook stays a bit mixed as the pair is staying well inside near term rising channel but fails to break through long term trend line

USD/CHF Weekly Outlook
USD/CHF's rise from 0.9443 resumed late last week by taking out 0.9937. Initial bias is back on the upside this week. Rise from 0.9443 should target 61.8% retracement of 1.0327 to 0.9443 at 0.9989. Sustained trading above will pave the way for retesting 1.0327 high. In any case, break of

AUD/USD Weekly Outlook
AUD/USD edged lower last week but struggled to break away from 61.8% retracement of 0.6826 to 0.7833 at 0.7211. Initial bias is neutral this week as more sideway trading might be seen. But further fall is expected as long as 0.7259 resistance holds. Sustained trading below 0.7211 will target a

USD/CAD Weekly Outlook
USD/CAD edged higher to 1.3187 but retreated deeply since then. Nonetheless, the pair was held well above 1.2770 support and thus, we're still favoring the bullish case. That is, whole fall from 1.4689 has completed at 1.2460 and rebound from there would continue. Above 1.3187 will target 38.2% retracement of

GBP/JPY Weekly Outlook
GBP/JPY's rebound was limited below 162.80 last week and lost momentum. Initial bias is neutral this week first with focus on 162.80. Sustained break of 162.80 will be the first sign of trend reversal. Further break of 164.09 should indicate that whole fall from 195.86 has completed. Nonetheless, rejection from

EUR/JPY Weekly Outlook
EUR/JPY stayed in the sideway pattern above 121.47 last week and outlook is unchanged. Initial bias remains neutral first. With 126.46 resistance intact, the larger down trend is still expected to extend lower. Break of 121.47 will target next projection level at 117.37.

EUR/GBP Weekly Outlook
EUR/GBP's fall from 0.8116 extended lower last week and there is no clear sign of completion yet. Outlook will stay bearish as long as 0.7753 resistance holds. Break of 0.7564 temporary low will target 61.8% retracement of 0.6981 to 0.8116 at 0.7415 next. Nonetheless, considering bullish convergence condition in 4

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