#Dollar is trading at its lowest level in more than 15 months against the Japanese yen. This is due to the fact that #investors are fleeing from increased volatility in financial markets, shifting their money into safe-haven #assets. Find out more by checking out the Source Link...
Chart: http://bi0l.blogspot.com/2016/02/usdchf-intraday-forecast-technical-side.html Calculated daily levels: Support (S1 / S2 / S3 = 0,9696 / 53 / 0.9584) and resistance (R1 / R2 / R3 = 0,9834 / 77 / 0.9946). Key resistance levels (1st from 0.9889 to 0.9752 late in the day, the 2nd of 0...
The lack of significant data releases makes oil the Canadian Dollar’s main player this week, with US oil inventory data (Wednesday) to note given the previous week’s surge...
Chart : http://bi0l.blogspot.com/2016/02/gbpusd-2016-02-10-intraday-forecast.html Calculated data level: support (S1 / S2 / S3 = 1,4402 / 1,4369 / 17), resistance (R1 / R2 / R3 = 1,4506 / 39/91). Key resistance levels (1st from 1.4481 to 1.4447 late in the day, the 2nd of 1.4422 to 1.4446...
Chart http://bi0l.blogspot.com/2016/02/eurusd-2016-02-10-intraday-forecast.html Calculated data levels: Support (S1 / S2 / S3 = 1.1196 / 55 / 1.1067) and resistance (R1 / R2 / R3 = 1,1331 / 72 / 1.1439). Key support levels (1st from 1.1166 to 1.1261 late in the day, the 2nd of 1.1151 to 1.1212...
USDJPY near term target 118.00 Support 114.00...
On Wednesday and Thursday, Federal Reserve Chair Yellen will deliver her semiannual report on monetary policy in testimony before the House Financial Services Committee and the Senate Banking Committee...
COSMOS4U MACD Indicator under 49, 126, 7 parameters given from COSMOS4U technical analysis research department, generated a sell signal for EURUSD spot price in H1 timeframe (10 FEB 2016 09:00 AM UTC...
Chart http://bi0l.blogspot.com/2016/02/xauusd-intraday-forecast-technical-side.html Calculated level for today: Support (S1 / S2 / S3 = 11086,07 / 1182,04 / 1177,89), resistance (R1 / R2 / R3 = 1,1214 / 44/93). Key support levels (1st from 1181.80 to 1193.12 at the end of the day 2nd - 1172.91...
The carry unwind has come to a halt amid flat action in the European stocks, making it difficult for the EUR bulls to take it the EUR/USD pair above 1.13 levels. Eyes EC forecasts ahead of Yellen testimony The EUR traders await the European Commission economic forecasts...
Mathematics is an essential tool in many fields, and it should be used extensively in trading as well. By using mathematics you will reduce emotion and uncertainty, two of the biggest hurdles a trader faces...
Chart http://bi0l.blogspot.com/2016/02/brent-intraday-forecast-technical-side.html Calculated daily levels: Support (S1 / S2 / S3 = 30,54 / 29,74,32 / 28,53), resistance (R1 / R2 / R3 = 33,03 / 80 / 35.05). Key resistance levels (1st from 34.10 to 32.56 at the end of the day, the 2nd of 34...
Bill Evans, Chief Economist at Westpac, notes that the Westpac Melbourne Institute Index of Consumer Sentiment rose by 4.2% in February to 101.3 from 97.3 in January. Key Quotes “The Index has now recovered all the ground it lost in January when it fell by 3.5...
Brian Martin, Head of Global Economics at ANZ, suggests that the EUR/USD has succumbed to extended market volatility and spiked higher and as long as risk assets remain under pressure, this may continue...
Yellen’s monetary policy testimony will be released today 3:00pm GMT. Any comments regarding monetary policy from Yellen have the capacity to move the USD...
This week, #JanetYellen will testify twice, reporting on the semiannual monetary policy to special committees of House and Senate. Why he comments are so important? Everyone wants to know whether to expect 4 #Fed rate hikes in 2016. Find out more by checking out the Source Link...
USD has been losing ground all week, yesterday was no different and EUR has been well supported as risk aversion took a grip on market EUR/emerging markets and all EUR related carry trades kept getting pushed higher...
Markets Look to Yellen as S&P 500 Tries to Hold, Euro and Yen Rally Talking Points: • The S&P 500 is slipping at major support while both the Yen and Euro as funding currencies rally • USDJPY has extended its 'neckline' break as the Euro strong-arms EURUSD on carry unwind • Top event risk...
USDCHF Daily Forecast: February 10 USDCHF Forecast The USDCHF continued its bearish momentum yesterday bottomed at 0.9694. The bias remains bearish in nearest term testing 0.9600 – 0.9570 area. Immediate resistance is seen around 0.9790...