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JPY: Expect BOJ Easing this Week – Goldman Sachs Research Team at Goldman Sachs, notes that the BOJ is due to hold its next policy meeting on April 27-28 and they think the BOJ is likely to decide on further easing action this week, centered on additional ETF purchases...
Chart: http://bi0l.blogspot.com/2016/04/eurusd-intraday-forecast-technical-side_26.html Calculated levels today: Support (S1 / S2 / S3 = 1,1232 / 18 / 1.1196) and resistance (R1 / R2 / R3 = 1.1277 / 91 / 1.1314). Key level (1st from 1.1256 to 1.1254 late in the day, the 2nd of 1.1307 to 1.1263...
Sterling Belief as Relief Rally Continues - Investec Research Team at Investec, suggests that there was a risk averse feel to currency markets yesterday (echoed in equity markets), although with major central bank policy meetings later in the week there could be an element of position squaring in...
USD/CAD Weaker Around 1.2650, Awaits US Data, BOC Poloz The USD/CAD pair is seen making minor recovery attempts over the last hour, as the US dollar pares losses against its major rivals, heading closer towards the US economic release. USD/CAD: eyes on 5-DMA at 1...
YES and No. Yes, because SPX chart favors for a new move high and that ES needs to break previous highs and record new ones to confirm the bullish rally (see charts below...
UK: Sterling's Strength Stands Out - BBH Research Team at BBH, notes that the sterling's strength is that stands out and it is difficult to attribute it to Obama's push against Brexit, but there does appear to have been a change in sentiment...
Brent: Indicators are Leaving Overbought Zone Last week, the price has reached new annual highs at the level of 46.20, which is crossed by the upper limit of the ascending channel on the daily chart and Fibonacci 50% (correction to the decline since June 2015 and the level of 65...
Brent: Is Further Rise in Oil Prices Possible? Today at 22:30 (GMT+2) American Petroleum Institute (API) will release the data on oil inventories in the US oil depot terminals for the last week. According to API oil reserves in the USA have grown by 3.1 million barrels for a week before last...
EUR/USD Retraces from 1.1300 Handle The EUR/USD pair continues to build on to its recovery momentum, but seems to get fresh offers near 1.1300 round figure mark to currently trade near 1.1280 level...
FxWirePro: This Week May Mark the End of Gold Consolidation After steady bull-run from late November to early February, Gold has moved into consolidation and ranging within $100 for past 10 weeks. Support lies around $1180-1200 area, while resistance is around $1260-1280 region...
FxWirePro: CHF/JPY Faces Strong Resistance at 114.65 Good to Sell on Rallies Major resistance – 114.70 (200 4 HMA) Major support – 113.40 The pair has retreated after making a high of 114.27 yesterday. It is currently trading at 113.71...
FxWirePro: Capitalize on EUR/AUD Rallies to Deploy Shorts Upon a "Neckline Breach of Double Top" On weekly chart, we spotted out a break below “Neckline of Double Top” at around 1.4696 levels with a bearish candle of big real body...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, April 26th GBP/USD met strong resistance at level 1.45 yesterday, with no chances to sustain above it. The cable is seen consolidating near 10-week tops, although failed to keep 1...
USD/JPY Consolidating Below 111 Ahead of US Data The yen continues to keep the upper edge against its American peer in the European session, with USD/JPY oscillating in a tight range below 111 handle. USD/JPY finds support near 110...
Chart: http://bi0l.blogspot.com/2016/04/xauusd-intraday-forecast-technical-side_26.html Calculated level for today: Support (S1 / S2 / S3 = 1231,94 / 1229,06 / 1224,38), resistance (R1 / R2 / R3 = 1241,29 / 1244,17 / 1248,84). Key resistance levels (1st from 1238.75 to 1235...
EUR/USD: Bearish: To take partial profit at 1.1145. As highlighted yesterday, despite breaking below 1.1230, the downward momentum is not as impulsive as we would like. Furthermore, the target of 1.1145 is a strong support and EUR would likely struggle to move clearly below this level...
Pre-Requisite Reading: General Forecast We have been calling long positions in GBPUSD for several days now and in this trade setup: GBPUSD: Still Bullish!, you can see which are the levels to consider and how to play it...
FxWirePro: BTC/USD Struggles to Break Above $470, Good to Buy at Dips Major resistance -$470 BTC/USD has once again retreated after making a high of $469.47. It is currently trading around $464...
FxWirePro: GBP/USD Trades Higher on Diminishing Brexit Support, Good to Buy at Dips Major resistance – 1.4515 (Mar 18th 2016) Major support – 1.4450 (resistance turned into support) Cable has broken major resistance 1.4515 and jumped till 1.45464 at the time of writing...
