EUR/USD Unmotivated Near 1.1170, USD GDP Eyed The selling pressure around the single currency remains intact at the end of the week, with EUR/USD hovering over the comfort zone around 1.1160/70...
US GDP Preview: What to Expect of EUR/USD? The EUR/USD pair has recovered from daily lows, but remains restricted to a 40-pip range of 1.1150-1.1190 levels ahead of the final US Q4 GDP release. At the time of writing, the pair was trading around 1...
Technical Analysis of NZD/USD for March 25, 2016 Overview: The NZD/USD pair broke the resistance that turned into strong support at the level of 0.6665. The level of 0.6665 is expected to act as major support today...
Technical Analysis of USD/CHF for March 25, 2016 Overview: The USD/CHF pair has faced strong resistances at the levels of 0.9821 because support became resistance. So, the strong resistance has been already set at the level of 0...
Technical Analysis of EUR/JPY for March 25, 2016 General overview for 25/03/2016: The market has finally broken out above the wave b green top at the level of 1.2526, but it wasn't strong enough to continue higher...
Research Team at Societe Generale, suggests that USD/CAD is showing early signs of recovery after achieving key support near 1.30/1.2850, the confirmation level for a double bottom and also a 61.8% retracement from May last year...
Technical Analysis of USD/CAD for March 25, 2016 General overview for 25/03/2016: The market has hit the weekly pivot resistance at the level of 1.3270 and currently it is the in corrective sub-cycle labeled as wave iv. So far three waves have been made...
Jens Pedersen, Senior Analyst at Dasnke Bank, expects the Kiwi dollar to appreciate towards the 0.70 mark by end of 2016. “The March rate cut from RBNZ reversed the course for NZD which has gained support from waning inflation expectations and improvement in global risk sentiment”...
More CNY Weakness Ahead – Danske Bank Allan von Mehren, Chief Analyst at Danske Bank, suggests that Chinese growth has shown signs of stabilisation and we look for moderate recovery during 2016 driven by the construction sector, which was experiencing a hard landing over the past year...
NZD/USD: Bottom in Commodity Prices to Cap Downside – Danske Bank Jens Nærvig Pedersen, Senior Analyst at Danske Bank, suggests that the net immigration continues to be supportive for real economic activity in New Zealand, which is progressing relatively steadily despite rising global economic wo...
USD/CHF Off Highs, Back to 0.9770 The greenback extends its upside momentum vs. the Swiss currency today, pushing USD/CHF further north of the 0.9700 handle. USD/CHF bounces off 0.9650 Spot has managed to revert the deep pullback post-FOMC to fresh 2016 lows in the mid-0...
NZD/USD Attempting Gains Above 0.67 Bid tone around Kiwi remains intact amid holiday thinned trading in Europe, with NZD/USD looking to extend gains above 0.67 handle...
USD/CNY Expected to Edge Higher – Danske Bank Chief Analyst at Danske Bank Allan von Mehren sees the pair ticking slightly higher in the next months. Key Quotes “The PBoC managed to calm the markets faster than expected and the depreciation pressure on CNY versus the USD has eased”...
GBP/USD Keeps Lows Near 1.4130 The sterling remains on the defensive at the end of the week, relegating GBP/USD to trade in the area of daily lows around 1.4130. GBP/USD weaker pre-US GDP Spot has retraced most of the recent advance to levels just above the 1...
EUR/USD – Stuck in a 40-pip Range Ahead of US GDP EUR/USD has been confined largely to a 40-pip range of 1.1150-1.1190 since yesterday amid holiday thinned trade ahead of the final US Q4 GDP release...
The downward retracement in #EURUSD continued, resulting in achievement of a support level in a form of 38.2% Fibonacci retracement level. This level can be used by bulls to increase positions to buy as a fundamental picture still favors them. Find out more by checking out the Source Link...
The situation in #USDJPY is understandable and predictable. Even published on the eve weak data on durable goods orders in the United States were unable to stop the recovery of the pair. Previously, support for the dollar was provided mostly with technical factors...
We expect the BEA’s third estimate of Q4 GDP to leave top-line growth unchanged at 1.0%, though we anticipate compositional shifts in its prior estimate of real output. We look for real consumption growth to be marked up by one-tenth, to 2...
More unstable risk sentiment on the back of this week’s terrorist attacks in Brussels failed to trigger any sustainable franc upside. It still appears that the SNB’s stance with respect to direct currency intervention is keeping the currency’s safe haven appeal low...