Research Team at BNP Paribas, suggests that while UK inflation is still far from levels that would be consistent with BoE tightening, they believe markets expectations, which currently imply a modest chance of easing over the next year, have swung too far in a dovish direction...
EUR/USD: Bullish: Above 1.1375 would open up the way for 1.1495. The bullish EUR phase that started on 11 Mar is still intact even though we are faced with strong resistance at 1.1375 (high in early December 2015). Only a clear break above this level would open up the way for a move to 1.1495...
A new week in #Forex is not as intense as the two previous ones. The market will focus mainly on statistics from the USA, in which traders will be looking for confirmation of the U.S. economy recovery. Find out more by checking out the Source Link...
Daily Analysis of Major Pairs for March 21, 2016 EUR/USD: The EUR/USD pair broke upwards last week, moving north by 280 pips on Wednesday and Thursday. The market could continue going upwards but there is a possibility that the bears might come in and push the price downwards...
EUR/USD Forecasts: Focus on Risk Trends – UOB and Danske Bank EUR/USD has started the week on a weak note, coming down from recent tops above the 1.1300 handle to the current 1.1265/60 band...
GBP/USD: Sell-off to Gather Pace at London Open? GBP/USD is now trading with moderate losses with traders fearing an early wobble in London following Duncan Smith’s resignation over the weekend. Politics back in focus Iain Duncan Smith’s resignation is a big loss to Cameron...
CAD/CHF Faces Strong Support at 0.7400, Break Below Targets 0.7285 Major support – 0.7400 (trend line joining 0.7333 and 0.7363) The pair has declined till 0.7414 and slightly recovered from that level. It is currently trading around 0.7423. Short term trend is weak as long as resistance 0...
Daily Analysis of USDX for March 21, 2016 USDX is being supported by the 94.69 level, where a lower low pattern formation is seen on the H1 chart. The 200 SMA on this timeframe is bearish and that scenario is still favored for at least during this week...
Daily Analysis of GBP/USD for March 21, 2016 The pair is currently working out a strong intraday bullish bias on the H1 chart, as it has been trading above the support level of 1.4423, which remains stable as a strong demand zone in a short-term basis...
EURUSD continued its climb higher last week after finding support at the key 1.1060 handle. This came after further action from the ECB on March 10th fueled a 400-pip rally that put the pair well above the area. The coming week offers a fairly tight range between new support at 1...
Indian Rupee Erases Previous Gain Against US Dollar, Intraday Bias Remains Bullish USD/INR is currently trading at 66.55 marks. It made intraday high at 66.55 and low at 66.46 levels. Intraday bias remains bullish for the moment. A daily close below 66...
FXWIREPRO: EUR/JPY Capped Below 10-Dma at 125.75, Momentum Bearish EUR/JPY is extending decline, sees strong trendline resistance at 126.20. Some rumors of a possible BOJ's intervention, lead to a slide in the Japanese currency by the end of the week...
FXWIREPRO: Nikkei225 Faces Major Resistance Around 17000, Good to Buy at Dips Major resistance - 17000 The index has slightly recovered after making a low of 16569. It is currently trading around 16664.Short term trend is bullish as long as support 16500 holds...
Long USD Positions Reduced Sharply - ANZ Irene Cheung, Senior FX Strategist at ANZ, lists down the CFTC speculative positioning for the week ending 15 March 2016. Key Quotes • “Leveraged funds reduced their net long USD positions sharply by USD6.2bn to USD7.5bn for the week ended 15 March...
EUR/USD: Techs Hint Potential Bullish Continuation - FXStreet EUR/USD has managed to find buying interest off 1.1250 session lows, with the price setting highs of 1.1280/85, as risk sentiment is moderately worse, an environment that has underpinned the Euro as part of its funding currency profile...
AUD/NZD Making Higher Highs in the Recovery AUD/NZD has hunted down the 1hr 100 sma at 1.1226, but has since settled back on the 200 sma on the same time frame at 1.1199. AUD/NZD is in a recovery drift and hence that price action, working its way up in a grind from recent lows at 1...
EURUSD Daily Forecast: March 21 2016 EURUSD Forecast The EURUSD continued its bullish momentum last week topped at 1.1342 but still unable to stay consistently above the trend line resistance as you can see on my H1 chart below. The bias is neutral in nearest term...
GBPUSD Daily Forecast: March 21 2016 GBPUSD Forecast The GBPUSD attempted to push lower last week, slipped below 1.4130 but whipsawed to the upside and closed higher at 1.4482. The bias is bullish in nearest term testing 1.4580. Immediate support is seen around 1.4400...
USDJPY Daily Forecast: March 21 2016 USDJPY Forecast The USDJPY had a bearish momentum last week slipped below 110.96 but still unable to make a clear break and consistent move below that area so far...
