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The Bank of England has announced that it will offer extra cash facilities to the UK’s banks around the time of the EU referendum. The move is clearly a demonstration by the bank that it is being proactive in its approach to the event. The bottom line? This is aimed at stopping a run on the bank...
GOLD: With GOLD continuing to hold on to its broader upside pressure, further strength is expected. It now looks to recapture the 1279.00 resistance zone. But note that if that level remains unbroken, a move lower could follow. On the downside, support comes in at the 1260...
EUR/USD Around 1.1020 on EMU Data The European currency keeps its daily gains vs. the dollar today, with EUR/USD hovering over the 1.1020/25 band so far...
Technical Analysis of USD/CHF for March 08, 2016 USD/CHF is expected to trade in line with a bearish outlook. The pair has struck against its major resistance at 1.0010, and is now turning downwards following yesterday's rallies...
Technical Analysis of NZD/USD for March 08, 2016 NZD/USD is expected to trade with a bullish bias above 0.6730. Trading at 0.6769, the pair remains in consolidation, but still holds above its key support at 0.6730, which is expected to limit any room downside...
Technical Analysis of GBP/JPY for March 08, 2016 GBP/JPY is expected to trade with a bullish bias above 160.30. The pair stands firmly above its nearest support at 160.30, and is likely to post a new rebound after the recent consolidation...
Eurozone 4Q GDP revised to 1.6%YoY, Investment Booming Teunis Brosens, Research Analyst at ING, suggests that today’s details on Eurozone GDP in the fourth quarter, albeit long gone, show some encouraging signs about the Eurozone recovery...
EUR/GBP Ignores Eurozone GDP Release, Stays Hourly 50-MA The common currency ignored the Eurozone Q4 GDP release, leaving the EUR/GBP cross unaffected around hourly 50-MA seen at 0.7734 levels. Weak stocks support EUR The pair clocked a high of 0...
GBP/USD Finds Support Near 1.4220 The sterling remains on the defensive today, with GBP/USD dropping to session lows in the 1.4220 area. GBP/USD lower on steady Carney In spite of the current decline, the pair manages to keep the trade in the upper end of the recent range above he 1...
Growth looks a little better, inflation remains very weak The Swiss economy is trundling along. GDP growth was better than expected in 4Q (0.4% qoq), with relatively decent domestic demand developments...
The euro has performed very well since the turn of the year, benefiting greatly from a risk averse market that has sparked an unwinding of the carry trade that we often see in a “risk on” environment. The single currency has performed very well against the US dollar, rallying as high as 1...
Calculated level for today: Support (S1 / S2 / S3 = 1,4169 / 34 / 1.4077) and resistance (R1 / R2 / R3 = 1,4283 / 1,4318 / 75). Key support levels (1st from 1.4178 to 1.4209 late in the day, the 2nd of 1.4140 to 1.4194...
The strongest quant signal this week is long EUR/USD targeting 1.1108, data from BNP Paribas STEER showed on Monday. (Source: BNPP STEER™, eFXplus™) - First recorded on 'eFXplus Quant' on Mon 3/7 at 09:53 AM ET PS: Copy signals, Trade and Earn on Forex4you - https://www.share4you.com/en...
Calculated levels today: Support (S1 / S2 / S3 = 1.1025 / 45/78), resistance (R1 / R2 / R3 = 1,0959 / 39/06). Key support levels (1st from 1.0972 to 1.0984 late in the day, the 2nd of 1.0941 to 1.0972...
The Canadian and Australian dollars soared versus the U.S. dollar in recent sessions, underpinned by a sharp recovery in select commodities, namely oil and iron ore. The loonie earlier Monday posted high levels last seen in mid November, while Aussie posted highs last seen in July 2015...
EUR/USD: Neutral: Bullish only if daily closing above 1.1005/10. The daily closing of 1.1012 was just a few pips above the critical 1.1005/10 mentioned in recent updates...
The result of the upward retracement in #EURUSD observed in the last few days, was the achievement of the 38.2% Fibo level from the last wave of decline. The bulls could not overcome this level even from the second attempt, which may give the sellers the chance to resume the reduction...
Trading in #USDCAD remains within a downward price channel. It should be noted that the key factor of support for the loonie is the growth in #oil prices. Thus, the price of Brent futures exceeded the mark of 40 dollars per #barrel. Find out more by checking out the Source Link...
