Forex Flash: Commodity-based pairs differ in intraday outlook – UBS

FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.

In terms of the AUD/USD, “There’s scope for more downside with the bearish conditions persisting. Support is at 1.0202 ahead of 1.0115, while resistance is at 1.0308 ahead of 1.0359” In addition, the USD/CAD indicators suggest a bullish outlook, as near-term resistance is at 1.0294 – a break of this would open 1.0342. Moreover, support is at 1.0230 ahead of 1.0203.

Apr 23, 2013

Forex: EUR/USD hovering over 1.3010/15

The single currency is paring earlier losses on Monday, not only regaining the 1.3000 mark but also pushing the cross to the current levels around 1.3020....

Forex Flash: Patience required for 10-year US treasuries – RBS

10-year US treasury yields appear to be 'settling in' to a new/old lower rate range of 1.55% to 1.85%. According to the RBS Research Team, “Buyers should remain patient and flat and counter-trade moves to the range boundaries. Here at mid-range we see little that inspires us as fundamental and technical signals conflict.”