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USDJPY Daily Forecast: March 16 2016 USDJPY Forecast The USDJPY had a bearish momentum yesterday bottomed at 112.63 but closed higher at 113.11 and hit 113.55 earlier today. The bias remains neutral in nearest term...
USDCHF Daily Forecast: March 16 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 0.9820 support area. A clear break and daily close below that area could trigger further bearish pressure testing 0...
Calculated level for today: Support (S1 / S2 / S3 = 1227,71 / 1224,29 / 1219,58), resistance (R1 / R2 / R3 = 1236,63 / 1239,55 / 1244,26). Key resistance levels (1st from 1244.56 to 1233.94 at the end of the day, the 2nd ox 1255.92 to 1245.94...
Pivot Points-Daily Last Updated: Mar 16, 5:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09934 1.1047 1.10773 1.11006 1.11309 1.11542 1.12078 USD/JPY 110.26 111.772 112.435 113.284 113.947 114.796 116.308 GBP/USD 1.38628 1.40299 1.40892 1.4197 1.42563 1.43641 1.45312 USD/CHF 0.97767 0.98235 0...
Calculated level for today: Support (S1 / S2 / S3 = 38,82 / 49 / 37.95) and resistance (R1 / R2 / R3 = 39,8 / 40,22 / 75). Key resistance levels (1st from 40.03 to 39.21 at the end of the day, the 2nd of 40.23 to 39.98...
THE US CENTRAL BANK IS NOT ANTICIPATED TO HIKE RATES OPTING INSTEAD TO MAKE USE OF RHETORIC AND FORECASTS Central banks around the world are running out of options to boost growth. The European Central Bank (ECB) over delivered last week in a better than expected easing monetary policy action...
Central bank impotence and a potential bottom in the euro mean that most of the volatility for EUR/GBP will likely be supplied by referendum speculation...
The USDJPY continues to fall after the retail sales disappoint. The control group which feeds into the GDP saw the number come in at 0.0% vs +0.2%. The revision shaved a healthy amount off of the January number (from +0.6% to +0.2%). What was a great start to 2016 (+0...
Trade in the euro exchange rate complex over recent days has therefore been undestandably tricky to decode. The EUR to USD pair continues to drift lower, yet it still retains the majority of the gains registered following the ECB meetingfrom last week...
The EUR/USD has opened Tuesday’s trading moving inside of a 53-pip range. Despite today’s US Advanced Retail Sales figures posting better than expected at -0...
EUR/USD spotlight remains on the “point of breakout” and 200- day average at 1.1068/44, notes Credit Suisse. "We look for this to ideally hold to keep the bias higher in the range for 1.1176, then a test of the recent price high at 1.1218. "Extension through here can aim at gap and 78...
After testing key levels 1.06/1.05 last year, EUR/USD is undergoing broad consolidation. Downtrend is still in place; 1.06/1.05 will decide next leg of down cycle. Short term though, the pair revisited February lows (1.08) and looks to show a rebound towards 1.1250. Graphical levels at 1...
The ECB has taken yet another step towards trying to heal the European economy. However, underlying arguments for further easing measures are still the same: inflation will remain far from target. Although rates are unlikely to be lowered further, the ECB will continue to expand its balance sheet...
With the US economy continuing to grow above trend, printing very robust employment gains month after month, and with unemployment at 4.9% and a sharper-than-expected acceleration in core inflation, rates hikes will be on the agenda for this FOMC meeting...
Buying the Franc may be the best way to protect your sterling exposure ahead of the EU referendum. HSBC’s global head of research has recommended going long the Swiss Franc as the ideal hedge in case of the sterling weakening following a Brexit vote...
Nomura doesn't expect the FOMC to change policy at tomorrow’s meeting. "Recent commentary from Fed officials does not suggest that a change is imminent. The more interesting question will be how the FOMC’s forecast for the economy and interest rates change...
BNP Paribas expects the weakness of the commodity currencies verses the USD to continue as markets prepare for a more hawkish message from the Fed at this week’s FOMC meeting...
This year, the world’s billionaires clocked in an aggregate net worth of $6.48 trillion, according to the Forbes Billionaires list released this month, with the usual suspects topping the list – including Bill Gates ($75 billion), Inditex ITX, -0...
