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Big Action in the Commodities Sector and Currencies - Westpac In respect to the commodities sector's sell-off, analysts at Westpac explained that the AUD/USD fell steadily from the Sydney afternoon highs above 0.7640 to a New York low of 0.7520...
AUD/USD: Declines Expected Below 0.75 Handle - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the Aussie was hit hard this Wednesday, falling down to 0...
AUD/USD Bears Testing Bulls Commitments at Key 0.7500 AUD/USD is testing the bulls commitments around the 0.75 handle as Asia gets going, following the downside activity that took place overnight in the commodity sector...
FXWIREPRO: Nikkei Faces Strong Resistance at 17300, Good to Sell on Rallies Major resistance - 17300 The index is consolidating between 16561 and 17125 for the past three trading session. It is currently trading around 16664.Short term trend is weak as long as resistance17300 holds...
FXWIREPRO: Gold Falls to 4 -Week Low on the Back of Hawkish Comments from Federal Reserve XAU/USD is currently trading around $1217 mark. It made intraday high at $1223 and low at $1214 levels...
NZD/USD Expected to Reach 0.62 by Year End - Westpac Imre Speizer, Strategist at Westpac Global Strategy Group, notes that their in-house fundamentals-based year-end forecast for NZD/USD is 0.62, although Imre adds that based on technicals, the chart presents a potentially more bullish outlook...
JPY Weakness to Resume in New FY - Nomura Yujiro Goto and Yunosuke Ikeda, Global FX Strategist at Nomura, expect renewed strength in USD/JPY in the new fiscal year for 2016/17, calling for 122 by end-2016. Key Quotes "USD/JPY depreciation has accelerated in Q1...
EURUSD Daily Forecast: March 24 2016 EURUSD Forecast The EURUSD had a bearish momentum yesterday bottomed at 1.1159. The bias remains bearish in nearest term testing 1.1100 – 1.1065 region as a part of the false break bearish scenario as you can see on my H1 chart below...
GBPUSD Daily Forecast: March 24 2016 GBPUSD Forecast The GBPUSD continued its bearish momentum yesterday bottomed at 1.4082. The bias remains bearish in nearest term testing 1.4050. A clear break and daily close below that area could trigger further bearish pressure testing 1.3900 region...
USDJPY Daily Forecast: March 24 2016 USDJPY Forecast The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias so far. The bias remains bullish in nearest term testing 113.00 – 113.50. Immediate support is seen around 112.15...
Every three months, the U.S. Federal Reserve publishes a chart -- known as the "dot plot" -- showing where various officials think the central bank's interest-rate target should be over the next few years. And every three months, investors and the media consistently misinterpret it...
Markets are pricing the GBP to CHF exchange rate to trade towards 1.35 by March 2017, but those exposed to the pair should be prepared for unprecedented volatility...
Looking back to the mid-February inflection point, market sentiment has since started to improve with regard to the growth outlook, with financial conditions subsequently easing also. Growth views continue to make progress, as manufacturing data in the US seem to have turned the corner...
Recovery in EUR/AUD since 2012 seems to be drawing to a close after the pair has hit and rejected the multiyear channel median resistance at 1.6250/1.6385 last month...
Tom Hayes, a former star trader serving an 11-year jail sentence for manipulating Libor interest rates, was on Wednesday ordered to pay 878,806 pounds ($1.25 million) by a judge or face further time in prison...
The UK referendum is three months away. Three-month options are a common benchmark for various market segments; from speculators, to fund managers to corporations. Events over the past week have raised the risks that the UK votes to leave the EU...
The decidedly hawkish tone embraced by Federal Reserve officials so far this week is forcing investors to rethink the likelihood of an interest rate hike at the central bank’s April meeting...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: We are bearish against the 1.1380 range highs and look for a move lower in range. Our initial targets are towards 1...
Analysts at Brown Brothers Harriman explained one can fully agree that the buying of corporate bonds, which only the BOJ of the major central banks have included under its asset purchase program, is not ideal and is no panacea, without dismissing the effort as ineffective or incredible as in lack...
