The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, GBP/USD, USD/JPY, EUR/JPY, AUD/USD, and NZD/USD. EUR/USD: A lot of short-term positions have been cleared and most market participants jumping back in will likely be running a smaller position...
Feedback loops continue to operate in financial markets, with equity and commodity prices remaining subdued after the rise in US rates earlier this week, notes BNP Paribas. "The US 2-year Treasury yield is holding below 90bp and the USD has continued to gain vs...
Risk aversion is failing to support the Euro. It’s trading less like the yen amid the concerns about immigration and ‘Brexit’. That gives the ECB a greater chance of driving it lower if they deliver easier policy on Thursday. I’ve not given up hope of a test or even a break of EUR/USD 1...
BoC March Meeting - Wed 3/9 - 10:00 AM ET No change in rates is expected at the March BoC meeting. Incoming data and a recovery in commodity prices have been supportive to growth expectations...
Technical Analysis of NZD/USD for March 09, 2016 Overview: The NZD/USD pair sharply rose from the level of 0.6723 towards 0.6790. Now, the price is set at 0.6779. The resistance is seen at the level of 0.6820. Moreover, the price area of 0.6820 - 0.6815 remains a significant resistance zone...
Technical Analysis of USD/CHF for March 09, 2016 Overview: The USD/CHF pair continues to move upwards from the level of 0.9887. The pair rose from the level of 0.9887 to a top around 1.0028. Today, the first resistance level is seen at 1.10075 followed by 1...
USD/CAD Intraday Technical Levels and Trading Recommendations for March 9, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...
An order to buy #EURUSD was closed with a small #profit after one of the bars has closed under the red Alligator's line. Currently, we do not have any open positions, but we are ready to enter the market. Find out more by checking out the Source Link...
A result of a long position in #Gold was fixed with a #profit after the price has crossed a fractal level downwards. Here we have entered a short position, according to the System rules. Find out more by checking out the Source Link...
EUR/NZD Analysis for March 09, 2016 Overview: Recently, EUR/NZD has been moving downwards. As I expected, the price tested the level of 1.6141 in a high volume. In the daily time frame, we can observe a supply bar in an average volume...
Intraday Technical Levels and Trading Recommendations for GBP/USD for March 9, 2016 On January 21, after the GBP/USD pair moved below 1.4220, evident signs of a bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4220 and 1.4360 again...
Gold Analysis for March 09, 2016 Overview : Since our last analysis, gold has been trading downwards. As I expected, the price tested the level of $1,251.45 in a high volume. In the daily time frame, I found a supply bar (upthrust), which is the sign of weakness and sluggish demand...
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...
