USDCHF: With continued upside pressure seen, more strength is envisaged. On the downside, support lies at the 0.9750 level. A turn below here will open the door for more weakness towards the 0.9700 level and then the 0.9650 level...
Investment bank JPMorgan have updated their latest foreign exchange forecasts in reaction to the Brexit event. Naturally, the biggest focus of the forecast changes would be felt by the sterling complex owing to the risk scenario that Brexit implies over coming months. Q3 targets are 1...
Analysts from TDS think that after the UK referendum results, the Bank of England (BoE) will cut the interest rate to zero. “We expect the UK to enter a brief and shallow recession as heightened uncertainty from the Leave referendum win weighs on both household and firm demand...
EURUSD Daily Analysis EURUSD (1.105): EURUSD formed a spinning bottom yesterday seeking support at 1.10 with the price action seeing a bullish follow through in early Asian trading today. The gains came after markets started pricing a Fed rate cut this year following the Brexit verdict...
The New Zealand dollar enjoyed good data coming out of the country but but reversed course on the risk-off sentiment related to Britain’s EU Referendum. The upcoming week features 3 local events and the big Brexit decision...
Details of the final Q1 2016 US GDP data report 28 June 2016 2nd est 0.8% Advance 0.5% Q4 2015 1.4% Personal consumption 1.5% vs 2.0% exp. Prior 1.9%. Q4 2015 2.4...
USD/JPY nears Monday's high of 102.48 The pair is just a couple pips below Monday's high as stock markets open. It's bounce day but will it be of the dead cat variety? The strength of the bounce is often a good indicator of the strength of the trend...
EUR/USD: We are bearish and look for resistance in the 1.1130 area to cap a move lower towards initial targets near Friday’s 1.0910 lows and then towards a swing target near 1.0840. Beyond there we are looking towards the 1.0710 area. Copy signals, Trade and Earn $ on Forex4you - https://www...
In Q4 2016, the new prime minister triggers Article 50 of the EU Treaty by notifying the EU that the UK intends to leave. That opens a two-year window for negotiating a withdrawal agreement...
Below is GBPUSD H4 chart. Chikou span is having a continual upward directions. Candlestick is over Tenkan sen. Resistence level is located at 1.34834. And there is support at 1.32965...
There’s a pattern for Monday mornings to extend moves of the previous week before Tuesday sees everyone take stock. I know a technical analyst who removes Friday afternoon and Monday morning data from his charts to compensate. That’s the context in which we should look at market moves overnight...
Markets have calmed down overnight with GBP and less liquid G10 currencies regaining some lost ground. At the same time, USD and JPY - arguably the biggest winners of the Brexit selloff - have pared some recent gains. We believe that the FX markets are pausing rather than turning...
Risky assets are trading firmer across the board leading to some stabilisation in GBPUSD and EURUSD. However, we remain of the view that both pairs are likely to trade lower in the near-term to 1.30 and 1.09 respectively. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
USDJPY: The pair halted its weakness on Monday leaving risk higher in the days head. On the downside, support comes in at the 103.50 level where a break if seen will aim at the 103.00 level. A cut through here will turn focus to the 102.50 level and possibly lower towards he 102.00 level...
Dear Traders, While the British pound extended its record selloff in the aftermath of last week's vote, the euro traded sideways Monday, straining the nerves of breakout-traders as price movements were limited to either side. The euro gained some ground above the 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, June 28th GBP/USD is in a bullish mood today. The pair has recovered some part of its losses and stepped over the level of 1...
