Research Team at Lloyds Bank, suggests that as Friday’s US February labour market report draws nearer, financial markets will pay close attention to today’s unofficial ADP private sector employment figures as a potential early gauge...
Calculated data levels: Support (S1 / S2 / S3 = 112,66 / 19 / 111.41) and resistance (R1 / R2 / R3 = 114,22 / 69 / 115.47). Key levels pыltrymky (1st from 113.26 to 1132.35 at the end of the day, the 2nd of 113.14 to 113.17). Alternative purchases realized last trading day...
USDJPY: With the pair taking back its Monday losses to close higher on Tuesday, further upside pressure is now underway. This development leaves the pair targeting the 114.86 resistance zone. On the downside, support comes in at the 113.50 level where a break if seen will aim at the 113.00 level...
Calculated level for today: Support (S1 / S2 / S3 = 1,3912 / 1,3886 / 1,3842), resistance (R1 / R2 / R3 = 1,4000 / 26 / 1.4070). Key level (1st from 1.3938 to 1.3956 late in the day, the 2nd of 1.3890 to 1.3926...
Global equities marched higher Tuesday in varying degrees, underpinned by either solid data, or data that was not as disappointing as the market anticipated...
Bears in #USDCAD were finally able to push the last but very well-fortified defense line of buyers. Thus, taking into account new technical influences, as well as the growth of optimism in the oil market, the downward dynamics development is the most likely scenario. Discover more at http://bit...
Positive sentiment in global financial markets influenced #USDJPY, which was rising in the early hours of today's trading. Technically, quotes, are close to the important resistance level (114.85), a breakthrough of which will give reason to buy. Find out more by checking out the Source Link...
Calculated levels today: Support (S1 / S2 / S3 = 1.0841 / 27 / 1.0804) and resistance (R1 / R2 / R3 = 1,0887 / 1,0901 / 24). Key resistance levels (1st from 1.0895 to 1.0861 late in the day, the 2nd of 1.0964 to 1.0897...
The EUR/USD pair is seen wavering between gains and losses over the last hours, having failed several attempts to take out daily high near 1.0880 region. EUR/USD: Rebound likely on poor ADP report? Currently, EUR/USD trades modestly flat at 1.0863, fading a spike to session highs reached at 1...
Technical Analysis of USD/CAD for March 2, 2016 02 Maret 2016 4:31 PM General overview for 02/03/2016: The wave a of the overall corrective structure in wave (c) blue had been made and now the market is in a corrective cycle in wave b purple. The projected target for wave be is at the level of 1...
Japanese PM Abe’s adviser Masahiko Shibayama crossed the wires via Reuters earlier today, commenting on the BOJ’s monetary policy...
Karen Jones, Head of FICC Technical Analysis at Commerzbank, argued that downside risks still persist around the pair. Key Quotes “USD/JPY view unchanged, we think it is basing but need more conformation”. “Last week the market held over the 110...
While short USD/CAD and long USD/JPY tend to perform well during the month of March, they are not attractive seasonal plays from a risk/reward perspective, notes Australia and New Zealand Banking Group (ANZ...
In opinion of strategists at Westpac, occasional bullish attempts in the pair could be limited at the 1.4040/80 band...
The greenback is recovering part of the ground lost to its Canadian peer on Tuesday, now sending USD/CAD to test fresh highs in the mid-1.3400s. USD/CAD attention to ADP, EIA After a brief adventure to sub-1.3400 levels during yesterday’s session, spot has managed to regain the 1...
USD/CHF has recovered over the past two weeks; however the franc has continued to trade firmer against the EUR. SNB Jordan’s speech last week saw the President reiterate that the franc remains ‘considerably overvalued’ against the EUR and that the SNB stands ready to intervene if necessary...
During February the pound weakened further against the US dollar in terms of London closing rates from 1.4174 to 1.3935, notes (the Bank of Tokyo-Mitsubishi) BTMU...
Upside surprises continue for the US economic data calendar, meanwhile. The manufacturing Ism wasn’t as weak as feared and the price component was stronger. On we go to the ADP employment survey tomorrow, which we expect to show a 225k increase, i.e. a little above the recent trend...
EUR/USD: Bearish: Take partial profit at 1.0810. While we remain bearish EUR, the price action is in line with our expectation wherein we expect limited downside potential. This pair is struggling to move lower and those who are shorts may want to take partial profit at 1.0810...
Research Team at Societe Generale, suggests that the USD/CAD has re-integrated within multiyear upward channel and in the process it has formed a bearish engulfing last month. Key Quotes “This follows a shooting star in January and denotes possibility of further down move. 1.3650/1...
