The USD/MXN pair is rising today after falling during four days in-a-row on the back of a weaker US dollar. So far today, gains are limited and price remains above a key support level, supporting the bullish tone. To the downside, the area between 19.25 and 19.30 is a crucial support: 20-day moving average, uptrend line, and horizontal level. A daily close significantly below would clear the way to more losses and potentially to a test of 19.00 and the medium-term uptrend seen at 18.97. If the pair holds on top of 19.30, the bullish bias will remain in place. The US dollar needs to recover on top of 19.40 to gain momentum. The key resistance levels are seen at 19.45 and 19.60. Above 19.60 the next target is seen at 19.85. USD/MXN Daily chart USD/MXN 4 hour chart Overview: Today Last Price: 19.342 Today Daily change %: 0.30% Today Daily Open: 19.2842 Trends: Daily SMA20: 19.2809 Daily SMA50: 19.2013 Daily SMA100: 19.658 Daily SMA200: 19.4274 Levels: Previous Daily High: 19.3673 ..

USD/CHF daily chart USD/CHF is trading in a bull trend above its main simple moving averages (SMAs). USD/CHF 4-hour chart USD/CHF is trading between the 50 and 100 SMAs suggesting a consolidation in the medium-term. USD/CHF 30-minute chart USD/CHF is trading below the 100 and 200 SMAs suggesting downward pressure in the short-term. A break below 1.0040 can lead to 0.9990 support. To the upside, resistances are seen near 1.0070 and 1.0090 level. Additional key levels USD/CHF Overview: Today Last Price: 1.004 Today Daily change: 1 pips Today Daily change %: 0.01% Today Daily Open: 1.0039 Trends: Daily SMA20: 1.0033 Daily SMA50: 0.9973 Daily SMA100: 0.997 Daily SMA200: 0.9918 Levels: Previous Daily High: 1.0085 Previous Daily Low: 1.0026 Previous Weekly High: 1.0125 Previous Weekly Low: 0.9977 Previous Monthly High: 1.01 Previous Monthly Low: 0.9921 Daily Fibonacci 38.2%: 1.0049 Daily Fibonacci 61.8%: 1.0062 Daily Pivot Point S1: 1.0015 Daily Pivot Point S2: 0.9991 Daily Piv..

British lawmakers have rejected the Amendment I, that seeks to give the control to MPs by allowing the House of Commons to find a way forward that can command majority support, by a majority of 2 votes, 314 vs 312.

British lawmakers have rejected the technical change to the amendment I by a majority of 3 votes, 314 vs 311. Lawmakers are now voting on amendment I, which is designed to give the control to MPs by allowing the House of Commons to find a way forward that can command majority support.

According to analysts at Wells Fargo, New Home sales begin 2019 on a soft note but they look for and improvement. Data released today showed new home sales fell 6.9% in January while at the same time sales for prior 3 months were revised significantly higher. Key Quotes: “New home sales fell 6.9% in January to a 607,000-unit pace. Consensus estimates had called for a modest increase, as homebuilders had reported a rise in prospective buyer traffic earlier this year. Homebuilder confidence and consumer confidence have both rebounded, following the Fed’s monetary policy pivot.” “Moreover, with mortgage rates about a half of a percentage point lower than they were in December, mortgage purchase applications have increased. Given the improvement in these advance indicators, we are looking for some improvement in new home sales as we move into the spring.” "New home sales look set to improve this spring. In addition to the drop in mortgage rates, builders now have a little more invento..

GBP/USD is moving with a range of between 1.3207 and 1.3335 on Thursday as Brexit funding gets underway again. Following lawmakers resoundingly rejecting Prime Minister Theresa May's revised divorce deal with the EU on Tuesday, Britain's parliament is now voting another crunch vote on Brexit today - on whether to leave the European Union as scheduled on March 29 with no agreement in place - a no-deal exit. The first vote has been on amendment H - a second referendum - This was tabled by ex-Tory Sarah Wollaston, now of the Independent Group, and signed by around 30 MPs, seeking an Art. 50 extension to stage a new referendum. The result was as follows: Yes: 85 Noes: 334 The next votes are as follows (timings are variable): 1715 GMT (a touch late) - Indicative votes x 2 1745 GMT - Labour deal 1800 GMT - Rule another vote on PM’s deal 1815 GMT - Main motion - delay Brexit "Even if the Brexit date is extended, keeping the UK in the European Union for longer, the Britis..

As expected, British lawmakers rejected the amendment H, which was tabled by Sarah Wollaston and was seeking Article 50 extension to stage a second referendum, by a majority of 249 votes, 334 vs 85.

According to Jason Wong, Senior Markets Strategist at BNZ, the NZD/EUR pair is facing resistance ahead to make further progress after a strong run in the cross since October. Key Quotes: “The cross is trading below its average since 2012, following the steep fall through 2017. Has settled in a 0.56-0.61 range since late-2017. 0.56 is a strong support level, having spent very little time below that level since 2011. 0.61-0.6120 represents a key resistance level.” “Reflecting safe-haven characteristics for the euro, NZD/EUR generally weakens in a falling risk appetite environment. Risk appetite has improved this year, stretching back up to an above-average level. A sustained period of risk aversion would be a headwind for the cross.” “Sentiment for EUR has been subdued, not helped by the recent run of poor data, and it wouldn’t take much to see some improvement.” “Our bias is for NZD/EUR to head lower, targeting about 0.57 through the next year. Reduced Brexit risk (spillover from ..

GBP/USD daily chart GBP/USD is trading in a bull trend above its main simple moving averages. Sterling can see high volatility as the UK’s Parliamentary vote on Brexit is starting at 17.00 GMT. GBP/USD 4-hour chart GBP/USD is trading above its main SMAs suggesting a bullish bias in the medium-term. GBP/USD 30-minute chart GBP/USD is trading above the 100 and 200 SMAs suggesting bullish momentum in the short-term. A break above 1.3300 resistance could lead to 1.3400 and 1.3500 figure. Looking down, immediate support is seen at 1.3200 figure and 1.3150 level. Additional key levels GBP/USD Overview: Today Last Price: 1.3267 Today Daily change: -73 pips Today Daily change %: -0.55% Today Daily Open: 1.334 Trends: Daily SMA20: 1.3107 Daily SMA50: 1.3001 Daily SMA100: 1.289 Daily SMA200: 1.2984 Levels: Previous Daily High: 1.3384 Previous Daily Low: 1.306 Previous Weekly High: 1.3269 Previous Weekly Low: 1.299 Previous Monthly High: 1.3351 Previous Monthly Low: 1.2773 Daily Fi..

GBP/JPY daily chart GBP/JPY is trading in a bull leg above its main simple moving averages (SMAs). The Sterling can see high volatility as the UK’s Parliamentary vote on Brexit is starting at 17.00 GMT. GBP/JPY 4-hour chart GBP/JPY is trading above its main SMAs suggesting a bullish momentum in the medium-term. GBP/JPY 30-minute chart GBP/JPY is trading above its main SMAs suggesting a bullish momentum in the short-term. A break above 149.00 can lead to 150.00 and 151.50 resistances. Supports are at 145.25, 144.75 and 144.00 level. Additional key levels GBP/JPY Overview: Today Last Price: 148.29 Today Daily change: 2 pips Today Daily change %: 0.01% Today Daily Open: 148.27 Trends: Daily SMA20: 145.63 Daily SMA50: 143.04 Daily SMA100: 143.47 Daily SMA200: 144.66 Levels: Previous Daily High: 148.74 Previous Daily Low: 145.36 Previous Weekly High: 148.47 Previous Weekly Low: 144.31 Previous Monthly High: 148.28 Previous Monthly Low: 141.01 Daily Fibonacci 38.2%: 147.45 Dail..

US Dollar remains sideways, consolidating modest daily gains. EUR/USD holds around 1.1300, with a bearish intraday bias, but supported around 1.1300. The EUR/USD pair is moving sideways in a small range ahead of the Brexit vote at the UK Parliament, holding near the 1.1300 area. Earlier today, EUR/USD rose to test yesterday’s high around 1.1335 but failed to break higher and turned to the downside. A stronger US dollar pushed the pair further lower and bottomed at 1.1292. Since the beginning of the US session it is moving in a modest range between 1.1310 and 1.1290 ahead of another Brexit vote in the UK. The move to the downside today took place amid a recovery of the US dollar across the board. The DXY was rising 0.25% after falling during the previous four trading days. Also US yields were higher on Thursday adding support to the greenback. The key event ahead is the vote in the UK for an extension of Article 50, scheduled at 17:00 GMT. EUR/USD Short-term levels To the u..

"USD/TRY has been trading sideways since March 7 following its rally from the year-to-date low set in January. This period of consolidation is likely to resolve in the coming days," Rabobank's EM FX Strategist Piotr Matys notes. Key quotes "Given that the preceding short-term trend was bullish, the odds favour a break higher in USD/TRY towards 5.575 - the upper boundary of the wider range has been in place since November. In terms of a potential catalyst for a bullish breakout, market concerns ahead of local elections scheduled on March 31 could escalate if the administration announces more fiscal measures." "The relationship between the US and Turkey could be another source of worries for investors. Earlier this month the US warned of “grave consequences” if Turkey proceeds with its decision to purchase the Russian S-400 missile defence system. Yet another diplomatic spat could seriously undermine the still fragile sentiment towards the lira. A rise in risk aversion is an obvi..