Intraday Technical Levels and Trading Recommendations for EUR/USD for March 9, 2016 In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms had been previously set in July 2012 and June 2010...
The Bank of England will be drawn into the debate surrounding UK membership in the European Union asGovernor Mark Carney testifies on the matter before Parliament’s Treasury Select Committee. The government has announced that it will put so-called “Brexit” to a referendum on June 23...
Analysts at Lloyds Bank provide their insight and forecasts for the Australian and New Zealand Dollar. Analysts at Lloyds Bank forecast the Australian dollar to gradually appreciate towards 0.78 by the end of the year – as long as global risk appetite remains stable...
As a result of restoration of the British currency in recent days, #GPBUSD have reached the resistance line of the current downtrend. Here also runs the 50% retracement level from the February wave of decline. Find out more by checking out the Source Link...
After #USDCAD quotes have reached the important support level, some bears preferred to fix results of their short positions, which triggered a rebound. A decline in #oil prices also played an important role in the negative dynamics of the loonie. Find out more by checking out the Source Link...
-Yes, but we see the risks currently as relatively low. Our base case remains a gradual devaluation to 6.90 against the USD at year-end. --A domestic debt crisis could be one trigger, although the government appears to have the fiscal space to recapitalize the banks...
1. Deposit rate: current -0.30% SG forecast: -20bp to -0.50% Consensus: -10bp Forecast range: no change to -20bp 2. Asset purchase programme : current €60bn/month until March 2017 (sovereign, ABS, CB) SG forecast: no change...
EUR/USD: Neutral: Still neutral with key levels at 1.0900 and 1.0100. There is not much to add as the recent short-term EUR strength struggles to maintain its momentum. The outlook is still viewed as neutral and as mentioned in recent updates, only a strong daily closing above 1...
Calculated level for today: Support (S1 / S2 / S3 = 39,45 / 38,94 / 38,12), resistance (R1 / R2 / R3 = 41,09 / 60 / 42.42). Key level (1st from 39.66 to 40.56 at the end of the day, the 2nd of 38.80 to 39.31...
Technical Analysis of EUR/JPY for March 9, 20169 General overview for 09/03/2016: There is still a chance for a possible leading diagonal structure to develop. This scenario is valid as long as the level of 123.09 is not violated. The market should rally upward towards the level of 124...
Technical Analysis of USD/CAD for March 9, 2016 General overview for 09/03/2016: The bullish divergence had pushed the price above the weekly pivot at 1.3395, but the market wasn't strong enough to break out above the intraday resistance at 1.3497...
Irene Cheung, Senior FX Strategist at ANZ, notes that since returning from the Lunar New Year break, the USD/CNY fixings have become more volatile...
Irene Cheung, Senior FX Strategist at ANZ, notes that since returning from the Lunar New Year break, the USD/CNY fixings have become more volatile...
Even if the UK votes to stay in EU, the concessions that the UK has negotiated with the EU might complicate extra EU integration. Britain's exit from the EU will hit the UK and also Europe. If the UK exits, EMU GDP is expected to lower by 0.8pp by late 2017 in a 'medium stress' scenario...
EUR/USD Forecast: Cautious Ahead of ECB – Commerzbank and UOB EUR/USD has retreated to the 1.0970 region after being rejected once again from the critical area around 1.1050, where sits the key 200-day sma, all ahead of tomorrow’s ECB meeting...
On Wednesday, two central banks of countries, currencies of which are traded in Forex, will hold meetings and announce their decisions on monetary policy. These are the Bank of Canada and the Reserve Bank of New Zealand. What to expect from these events...
One great attribute of having a super bright LED flashlight or lantern is that it will offer intense light making use of straightforward AA or AAA batteries. The LED flashlight will also run longer on these batteries than the regular incandescent light bulb flashlight...
AUD/USD Turning Bearish Towards Hourly 100 SMA AUD/USD is drifting sideways and consolidating on what has been a lackluster session so far in the absence of catalysts...
EURUSD Daily Forecast: March 09 2016 EURUSD Forecast The EURUSD attempted to push higher yesterday topped at 1.1057 but closed lower at 1.1009 and hit 1.0991. The bias is bearish in nearest term testing 1.0900 area. Immediate resistance is seen around 1.1025...
