After testing a multi month descending trend at 1.08 earlier this month, EUR/USD has embarked on a recovery and is now breaking above 1.1250 which happens to be the 76.4% retracement from last month highs, notes SocGen. "More importantly it is the upper limit of a weekly descending channel...
Talk of the BOJ doing a ring-around Here we go with the intervention stuff. For those that don't know the drill, the BOJ like to pick up the phone to banks just to ask the rate. That's usually enough to have the market covering for fear of real intervention...
The U.S. Federal Reserve's latest economic projections contain an encoded message crucial to understanding the central bank's policies: Inflation has been stuck below the Fed's target in part because officials don’t actually want to get it back up...
BNP Paribas economists remain of the view that the economic backdrop will remain too uncertain to allow a rise in Fed rates in the short-term, while slower growth later this year will keep it on hold for longer...
The result of the short position in #EURUSD was fixed on a breakthrough of the fractal level up. Here we have opened a long position, which currently brings more than 150 points of #profit. Find out more by checking out the Source Link...
The result of the short position in #Gold was fixed at the level of fractal up. Here we have opened an order to buy, which is now in the market. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
BoE Policymakers Unanimous On Rate Ahead Of "Brexit" Bank of England policymakers unanimously decided to maintain the interest rate and the asset purchase programme amid heightened uncertainty ahead of the EU referendum in June...
At Pound Sterling Live we are not convinced the moves higher on Thursday are Fed-inspired, rather the euro may be benefiting from flows related to a DAX-inspired market sell-off...
The Fed kept rates unchanged in March but lowered significantly its median projections for future rates in 2016, 2017 and beyond. The Fed did all that while keeping its growth, inflation and unemployment forecasts for the US little changed...
The chart below shows the US dollar index over the past 40 years together with its longer term moving average, as well as one and two standard deviation bands...
Strategist at Westpac Sean Callow believes the pair could attempt a run towards 0.77 or even 0.78 in the near term. “After the iron ore rally hit a wall, AUD/USD has received a second wind from the Fed”...
Prakash Sakpal, Economist at ING, suggests that in China with reducing excess housing inventories being a major task for this year housing policy is a watching brief for new stimulus measures. “The 70-cities new home price data for February is due tomorrow at 9.30am local time...
The research team at UOB Group sees the Aussie dollar well supported around 0.7415. “The sudden overnight surge in AUD appears to have scope to extend higher but at this stage, a clear break above the major resistance at 0.7600 appears unlikely”...
Swiss lender Credit Suisse expect the EUR/USD exchange rate to reach 1.17 by year end due to a policy shift by the European Central Bank away from targeting exchange rates. Euro forecast to rise to 1...
It is the Bank of England (BOE) Rate Meeting today, but with no chance of a policy change (BofAML) suggest concentrating on the minutia of the minutes. The BOE rate meeting today is not expected to result in any major policy changes...
Brent oil neared March 8 high of $41.46 on the back of broad based USD selling and on optimism major producers may announce output freeze in April. Trades above $41 Prices currently trade around $41.20, after having clocked a session high of $41.41 levels...
Julien Manceaux, Research Analyst at ING, notes that the Swiss National Bank left its monetary stance unchanged at its March meeting. “The target range for the 3m Libor therefore remains at -1.25%/-0.25% with a negative deposit rate of -0...
The U.S. currency came under serious pressure versus its competitors in FOREX on all fronts. Thus, #USDJPY #quotes have left borders of the graphic pattern "triangle", which was relevant during the past few weeks, breaking its lower border. Find out more by checking out the Source Link...
A technical picture in #USDCAD has changed dramatically. The #Fed meeting gave bears in the pair an opportunity to successfully storm the support line of the medium-term uptrend. It is recommended to hold short positions opened on a breakthrough of a support line...
