USDJPY Daily Forecast: March 09 2016 USDJPY Forecast The USDJPY continued its bearish momentum yesterday and hit 112.41 earlier today. The bias remains bearish in nearest term testing 111.65 – 110.96. Immediate resistance is seen around 113.15...
USDCHF Daily Forecast: March 09 2016 USDCHF Forecast The USDCHF had another indecisive movement yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 1.0000/35 which remains a good place to sell with a tight stop loss targeting 0.9820 area...
The Japanese yen was back in hot demand Tuesday, despite the Japanese government's downgrade of the economy, announced overnight, and despite the increased negativity of Japanese government bond yields...
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The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: No change. Selling interest in the 1.1050 area, near the 200-dma helps keep our focus lower...
Calculated level for today: Support (S1 / S2 / S3 = 1259,33 / 1255,47 / 1249,22), resistance (R1 / R2 / R3 = 1271,83 / 1275,48 / 1281,94). Key support levels (1st from 1236.48 to 1265.47 at the end of the day, the 2nd ox 1255.16 to 1260.47...
‘Printing money’ alone is unlikely to be able to weaken the euro – what’s necessary is a helping hand from the Fed or Brexit...
Forecasts from Lloyds Bank are pricing a recovery in the pound to euro exchange rate to take us to above 1.30 by the time of the EU referendum. In a further to the idea that the British pound is undervalued against the euro we hear analysts at Lloyds Bank are forecasting a steady recovery to 1...
Shockingly bad Chinese trade data overnight set a slightly risk-off tone to the European market open, after recent strength in commodity currencies, oil prices and equity indices... The data, which posted a 20...
Calculated level for today: Support (S1 / S2 / S3 = 39,57 / 06 / 38.24) and resistance (R1 / R2 / R3 = 41,21 / 72 / 42.54). Key support levels (1st from 37.78 to 39.66 at the end of the day, the 2nd of 37.52 to 38.80...
BoC stuck in wait-and-see mode We expect the Bank of Canada to hold the overnight rate at 0.50% at its March meeting, reiterating that the growth outlook is roughly in line with its latest MPR (monetary policy report...
The ECB needs to surprise this week, not because of markets, but because – given the trend in core inflation – the existing policy mix is behind the curve...
The EUR/USD 4 hour chart shows the price breaking the 200 EMA which may see the price proceed to the previous high at 1.137. However, the RSI is at 67 which is fairly overbought which implies that the movement is running out of momentum...
The USD/CAD has been trading within a declining channel for the past few weeks. The price recently touched the support line and bounced off of it. It is showing a good long setup and looks to target the declining resistance line at 1...
Calculated data levels: Support (S1 / S2 / S3 = 113,26 / 09 / 112.82) and resistance (R1 / R2 / R3 = 113,81 / 98 / 114.26). Key resistance levels (1st from 113.68 to 1132.59 at the end of the day, the 2nd of 113.69 to 113.68). Last trading day the rate of breakdown humiliation channel up H4...
The latest bounce in the iron ore price, which recently bounced close to its June 2015 highs, seems to best capture the improvement in the fundamental backdrop for AUD of late...
Estimated level: Support (S1 / S2 / S3 = 0,9889 / 63/21), resistance (R1 / R2 / R3 = 0,9973 / 99 / 1.0041). Key resistance levels (1st from 0.9932 to 0.9944 late in the day, the 2nd of 0.9932 to 0.9969...
The USD continues to struggle versus the funding currencies, with EURUSD holding above 1.10 and USDJPY hovering around 113, notes BNP Paribas...