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Pivot Points Daily Last Updated: Apr 22, 12:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11278 1.12256 1.12598 1.13234 1.13576 1.14212 1.1519 USD/JPY 107.246 108.364 109.095 109.482 110.213 110.6 111.718 GBP/USD 1.41892 1.42718 1.42995 1.43544 1.43821 1.4437 1.45196 USD/CHF 0.9423 0.95533 0...
Firms responding to the Manufacturing Business Outlook Survey reported no improvement in business conditions this month. The indicator for general activity, which rose sharply in March, fell to a slightly negative reading in April...
The euro spiked against the dollar Thursday after the European Central Bank opted to leave interest rates unchanged, holding on to those gains as President Mario Draghi started his news conference. While its initial reaction to the news was muted, the euro quickly spiked EURUSD, +0...
In a note today, Deutsche Bank outlines 3 reasons behind maintaining its medium term bearish EUR/USD view: First, despite recent Fed dovishness, the real rate differential between Europe and the US is not signaling a large divergence in FX versus monetary policy expectations...
The main message from today’s ECB meeting was that ECB is in implementation mode, as Draghi said the ECB policies work but must be given time...
The euro and British pound were both winners of the ECB’s press conference held following the announcement of a decision to leave interest rates and policy unchanged. There were no major hints about future action that will have scared markets into action either...
The Australian dollar is forecast to outperform its trans-Tasman cousin say analysts at France’s Societe Generale. A strategy recommendation from Societe Generale suggests traders buy the Australian dollar using New Zealand dollars ahead of further rises in AUD/NZD...
EUR/USD is still attempting to break higher but continues to fail which is sending a tentative technical signal that the pair maybe in the process of topping out in the near-term, notes BTMU...
Without any surprise the ECB Governing Council decided today to keep its monetary policy stance unchanged...
EUR/USD Rejected at Stiff Resistance Zone After ECB ECB rate decision and Draghi’s press conference was a dud as expected. EUR/USD was on the rise ahead of the rate decision and extended gains to near 1.14 levels during Draghi’s presser...
Forget EUR/USD, Focus on EUR/CAD Not a lot was expected to come out of today’s ECB meeting and press conference, and so it proved...
USD/JPY: Flows Supporting Bearish Outlook - BTMU Market expectations for extra monetary easing by the BoJ have been growing in the past few days...
World Trade Up but Not Gaining Traction Yet - ING Raoul Leering, head of international trade research at ING Bank explained that after a contraction of world trade by 1.1% in January (initial figure: -0.4%), the volume of trade bounced back in February with a growth of 1.1% MoM...
USD/CHF Bounces Back Above 0.9700 USD/CHF dropped sharply during Draghi’s press conference but only to erase losses a few minutes after if finished. The pair dropped from 0.9710 bottomed at 0.9646. Then it jumped almost a hundred pips, reaching at 0.9746, the highest level since March 29...
US 2y yields are around their highest levels seen since Fed Chair Yellen’s dovish speech as continued gains in equity and crude prices raises concerns that the Fed could deliver a more hawkish message...
ECB: No Appetite for More Stimulus, but Forced to Leave Door Open - Rabobank According to analysts from Rabobank, the European Central Bank showed confidence in its policy measures and the Governing Council has no strong appetite to ramp up policy in the foreseeable future...
FxWirePro: Gold Rallies to 1-Month High, Scope for Further Upside Gold retreated towards 1249 levels in volatile session on Thursday as dollar firmed after ECB press conference...
EUR/USD Send Signals of Topping in the Near-Term - BTMU Analysts from The Bank of Tokyo-Mitsubishi UFJ, noted that the failure to break higher in the EUR/USD during recent trading sends a signal of a potential near-term top...
USD/JPY Drops Below 109.50 The yen gained momentum across the board during the American session and pushed USD/JPY back below 109.50. Earlier the pair climbed to 109.89 hitting a new 2-week high but then reversed. Recently it reached a fresh daily low at 109...
