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EUR/GBP Firm Above 0.7900, UK Data Eyed Sideline patterns in both the sterling and the single currency are echoing on EUR/GBP, trading in a consolidative theme in the low-0.7900s. EUR/GBP keeps 0...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 07:54
EUR/USD - Slide Stalls After Four Day Losing Streak EUR/USD has recovered from Asian session low to trade largely unchanged on the day around 1.1175 as bears are taking a breather following the pair's four day losing streak. Trades above 23.6% Fibo support The pair sits just above 1.1173 (23...
Currency
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Roberto Jacobs, 24 March 2016, 07:52
Technical Analysis of GBP/CHF for March 24, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.3750/55 levels for now, after having tested previous lows at 1.3725 levels. The pair needs to break above 1...
Technical Analysis of NZD/USD for March 24, 2016 NZD/USD is expected to trade in a lower range as the key resistance is at 0.6745. Technically, the pair remains under pressure below its resistance at 0.6745...
Technical Analysis of GBP/JPY for March 24, 2016 GBP/JPY Intraday: Bullish bias above 125.20. The pair is still below its key resistance at 158.40, and is likely to challenge its nearest support at 158.40 in the coming trading hours...
Technical Analysis of EUR/USD for March 24, 2016 When the European market opens, some economic news will be released such as the Targeted LTRO, Italian 10-y Bond Auction, Italian Retail Sales m/m, ECB Economic Bulletin, GfK German Consumer Climate, and German Import Prices m/m...
Technical Analysis of USD/JPY for March 24, 2016 In Asia, Japan will release the BOJ Summary of Opinions and the US will release some economic data such as Natural Gas Storage, the Flash Services PMI, Durable Goods Orders m/m, Unemployment Claims, and Core Durable Goods Orders m/m...
Today is a special day for those who follow implied volatility. Specifically, the GBPUSD 3M ATM implied volatility is now pricing in the date of the British referendum. Implied volatility is the estimated volatility of a market or in this case, the currency pair’s price...
Analytics & Forecasts
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Francis Dogbe, 24 March 2016, 07:31
Daily Analysis of USDX for March 24, 2016 USDX is facing strong resistance around the 96.03 level, where a 200 SMA is placed on the H1 chart, acting as dynamic resistance. If that happens, then we can expect another decline until the 95...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 07:29
Daily Analysis of GBP/USD for March 24, 2016 GBP/USD had another bearish session below the resistance level of 1.4151 and we can now expect a rebound above the 1.4093 level, at least on a short-term basis...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 07:27
European Economics Preview: U.K. Retail Sales Data Due Retail sales from the U.K. and consumer confidence from Germany are due on Thursday, headlining a busy day for the European economic news. At 3.00 am ET, German GfK consumer confidence survey results are due...
Market News
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Roberto Jacobs, 24 March 2016, 07:20
Singapore Feb Industrial Production Falls More Than Forecast Singapore's industrial production decreased at a faster-than-expected pace in February, after rising slightly in the previous month, preliminary figures from the Economic Development Board showed Thursday. Industrial production fell 4...
Market News
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Roberto Jacobs, 24 March 2016, 07:19
EU Referendum: Row Over Claim Brexit Would Push Up Bills Supporters of leaving the EU have said claims by Energy Secretary Amber Rudd that total household bills could rise by as much as £1.5m a day are "absurd...
Market News
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Roberto Jacobs, 24 March 2016, 07:12
EUR/USD: Technicals Point at Additional Declines - FXStreet EURU/USD has been trading under selling pressure for the past few days, last at 1.1170, near weekly lows, with Valeria Bednarik, Chief Analyst at FXStreet, noting that technicals support some additional declines for this Thursday...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 07:03
Dollar Rise Hits Commodities as Fed Talks of Tightening The dollar advanced for a fifth straight session on Thursday, pressuring commodities and Asian shares after yet another Federal Reserve official talked up the chance of more than one increase in U.S interest rates this year...
Currency
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Roberto Jacobs, 24 March 2016, 07:01
The dollar remains the currency market’s standout performer for the second straight day, gaining value against each of its major rivals after this morning’s as-expected New Home Sales report...
Analytics & Forecasts
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Francis Dogbe, 24 March 2016, 06:47 #nzdusd
Fourteen years ago, the author of a series of popular personal-finance books predicted that 2016 would bring about the worst market crash in history, damaging the financial dreams of millions of baby boomers just as they started to depend on that money to fund retirement. Broader U.S...
Analytics & Forecasts
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Francis Dogbe, 24 March 2016, 06:47 #forex
FOREX-Dollar Gains, Awaits Data to Back Fed officials Rate Hike Views * Dollar index touches 1-week high * U.S...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 06:01
Malaysia Leading Index Rises In January The leading index for Malaysia, which measures the future economic activity, increased at the start of the year, survey data from the Department of Statistics showed Thursday. The leading index rose slightly to 118.2 in January from 118...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 05:56
Asian Markets in Red Due to Declines in Energy Prices, Gold Slides to 4-Week Low All the major Asian indices are trading on a lower note on Thursday. U.S. and European markets closed overnight with losses, mostly due to declines in energy stocks...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 05:54