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FXstreet.com (Barcelona) - The Pound’s recovery from 1.4780 low was capped on Monday at 1.5200 area…

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FXstreet.com (Barcelona) - Asian markets have been mixed on Tuesday, as risk appetite seen during previous sessions has lost strength after a directionless trading session in Wall street. In FX markets Euro and Pond have dropped against Dollar and Yen.

Japanese Nikkei Index has edged 0.1% down, while Australian S&P Index added 0.3%, and South Korean Kospi Index lost 0.1%. Hong Kong hang Seng Index added 0.2%, while Chinese Shangai Composite Index advanced 0.4%.

Resources’ shares have lost ground on Asian session following Gold’s decline on Monday. Zhaojin Mining lost 1.6% in Hong Kong, while Australia’s Lihir Gold dropped 2%.

Euro and Pound retreat as risk appetite ebbs

GBP/USD recovery from Mar 1 low at 1.4780 extended on Monday’s Asian session to a one-week hitgh 1.5195 although the Pound was capped on early European session and dropped more than 200 pips in 24 hours, reaching levels right below 1.5000 at the moment of writing.

EUR/USD rally from 1.3530 low on Friday extended on Monday to test 1.3690/00 resistance areas where the pair was rejected, dropping to 1.3600 area, which is being tested at the moment of writing.

USD/JPY rally from 88.15 low on Thursday reached a two-weeks high at 90.65 on Monday’s Asian session and the pair has been pulling back since, to break below 90.00 on Asian session and hit 89.85 session low right ahead of European opening.
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FXstreet.com (Barcelona) – The Asian shares are drifting from wins on Tuesday as investors decide to flee long lasting positions and instead opt on profit taking to ensure the earnings (Nikkei just posted a 6-week high yesterday). Wall Street negative results did not help to pump out further money into riskier assets class . The red is widely spread across most powerful indexes, posting minor losses.

Nikkei 225 has been falling merciless to post intra-day low at 10,542.00. From this level the index is pulling back up 16 points to 10,558.00 area although still quoting a 0.25% decline. In Hong Kong, the Hang Seng is close to flat, the Strait Times is up 0.25%, the KOSPI is moving down around 0.20%, Shangai composite also dropping 0.34% while ASX-200 is flat too.
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FXstreet.com (Buenos Aires) – EUR/USD Current price: 1.3626. Little change from past Asian session…

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FXstreet.com (London) - The Loonie has traded a fairly narrow range this session, bouncing around a…

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FXstreet.com (Barcelona) - The Pound spiked down to a fresh 10-month low at 1.4780, printing a…

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FXstreet.com (Barcelona) - The pound has regained some ground versus the dollar in recent trading…

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FXstreet.com (Barcelona) - Euro rally from 1.3530 low on Friday extended higher on Monday’s Asian session, to test resistance area at 1.3690/00, where the pair was rejected, and pulled back to 1.3635 support area at the moment of writing.

On 4 hour charts downside trend looks limited, according to Valeria Bednarik, collaborator at FXstreet: “4 hours charts show downside remains limited in the pair, by 20 SMA with a slightly bullish slope still unable to gain strength. Momentum is flat under 100 line, attempting an upside cross, while RSI is above 50 level, yet with limited upside strength.”

On the upside, above 1.3680, next resistance levels lie at 1.3705 and 1.3740, says Bednarik:”Above 1.3680, pair likely test highs around 1.3705, and acceleration there should send the cross to the 1.3740 area.”

On the downside Bednarik sees the 20 SMA protecting the pair from the bears: “Clear candle opening under 20 SMA around 1.3630, will favor downside continuation to key 1.3580/1.3600 support zone.”
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FXstreet.com (Barcelona) - European markets have opened the week on a slight bid tone on a more…

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FXstreet.com (Barcelona) For more information, read our latest forex news.

For more information, read our latest forex news.