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GBP/USD: Wave Analysis and Forecast for 25.03 – 01.04 GBP/USD: Wave analysis and forecast for 25.03 – 01.04: Downtrend has resumed. Estimated pivot point is at the level of 1.4507. Our opinion: Sell the pair from correction below the level of 1.4507 with the target of 1.36 – 1.34...
USD/CHF: Wave Analysis and Forecast for 25.03 – 01.04 USD/CHF: Wave analysis and forecast for 25.03 – 01.04: The pair is likely to decline. Estimated pivot point is at the level of 0.9912. Our opinion: Sell the pair from correction below the level of 0.9912 with the target of 0.95 – 0.9470...
USD/JPY: Wave Analysis and Forecast for 25.03 – 01.04 USD/JPY: Wave analysis and forecast for 25.03 – 01.04: Correction is nearing completion. The pair is likely to decline. Estimated pivot point is at the level of 113.84. Our opinion: Sell the pair from correction below the level of 113...
USD/СAD: Wave Analysis and Forecast for 25.03 – 01.04 USD/СAD: Wave analysis and forecast for 25.03 – 01.04: The pair is likely to grow. Estimated pivot point is at the level of 1.2914. Our opinion: Buy the pair from correction above the level of 1.2914 with the target of 1.38...
The finance ministry has not budgeted for any dividends from at least nine public sector banks during the next fiscal, in what is being seen as an indication that the government expects the finances of several lenders to remain under stress even during 2016-17...
Oil has stayed resilient during the past few weeks, despite occasional risk-off sentiment. Crude prices rose to their highest in three months in early March, at $42.49/barrel for WTI and $42.54/barrel for Brent...
World stock market losses are approaching $8 trillion so far this year and investors last week poured the most money into government bond funds in a year, suggesting they fear the global economy could tip into recession, Bank of America Merrill Lynch said on Friday...
The World Bank slashed its growth forecast for the global economy in 2016 on Wednesday, citing "disappointing" growth in major emerging-market economies like China and Brazil. The bank cut its June forecast for global economic expansion in 2016 by 0.4 percentage point to 2...
In a chat with ET Now, Geoffrey Dennis, UBS Investment Bank, says you need something more significant than just valuations to turn markets around ET Now: The Fed announcement shows a dovish statement in dots as well...
WASHINGTON: The slump in Chinese growth and its nascent economic transition was the key factor in a sharp slowdown last year in global trade, the World Bank said today. Trade, as measured by total merchandise import volumes, rose only 1.7 percent in 2015, down from 3...
The North African country is struggling with lower tourism revenue after Islamist militant attacks last year, protests over unemployment and slow progress on economic reforms that have lagged political advances made since its 2011 uprising.........read more...
The US Dollar took a dangerous tumble through the first quarter, throwing into doubt the currency’s ambitions after more than four years of advance...
This is the article "Forex Ranking and Rating list" for the coming week, the article "Forex Strength and Comparison" has also been published this weekend...
Research Team at Goldman Sachs, suggests that nearly eight years after the onset of the Global Financial Crisis, growth and inflation in the major developed economies remain tepid despite generally aggressive policy action by central banks over the same period...
How is the price of gold established? Scratching the surface, the answer seems obvious: it is a result of a free interplay of market forces. However, there is no single gold market; the yellow metal is traded in many places. Who then sets the price of gold? London or New York...
China's industrial profits returned to growth in the first two months of 2016, despite weakening business conditions and slowing economic growth in the world's second-largest economy. Profits earned by Chinese industrial firms in January and February combined rose 4...
There is no longer a city in the south of England where house prices are less than seven and a half times average local incomes, according to analysis by Lloyds Bank that reveals how the home affordability crisis now stretches far beyond London...
The most extreme speculative positioning, judging from the futures market is the long yen position. The bulls added another 3.4k contracts, lifting the gross long position to 82.8k contracts. The record was set in 2008 at 94.7k contracts. The gross short position was trimmed by 4...
The US dollar rose against all the major and most emerging market currencies last week. After selling off following the ECB and FOMC meetings, the dollar found better traction. It was helped by widening interest rate differentials...
