All Blogs
Sometimes the news stream drives prices, and sometimes the price action drives the narratives. We argued that the sharp decline in equities at the start of the year was fanned the doom and gloom in the media and market commentary...
US Feb Payrolls: Headline Strong but Wages Big Disappointment – ING Rob Carnell, Chief International Economist at ING, notes that the US labour report was its usual mixed bag – but we think the release is dominated by the soft wages component...
EUR/USD was under pressure as the tension towards the ECB's meeting, the main event of the upcoming week but certainly took advantage of the greenback's weakness. Will Draghi drag the euro down or will it bounce like in December...
Near-Term Dollar Outlook is Nuanced - BBH Research Team at BBH, notes that the US dollar fell against all the major and most of the emerging market currencies last week as the risk appetites have been rekindled, and the yen has gone from the best performer in recent weeks to the worst over the pa...
USD/JPY Attempts Tepid-Recovery from 113.50 Having bounced-off a dip to 113.50 levels pre-China open, the USD/JPY pair now continues to move back and forth in a slim range amid mild risk-off seen in Asia so far. USD/JPY supported at 113...
Pivot Points MONTHLY Last Updated: Mar 7, 7:03 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 0.98974 1.04588 1.06651 1.10202 1.12265 1.15816 1.2143 USD/JPY 93.993 104.512 108.585 115.031 119.104 125.55 136.069 GBP/USD 1.24708 1.33042 1.36075 1.41376 1.44409 1.4971 1.58044 USD/CHF 0.87851 0.93736 0...
Pivot Points WEEKLY Last Updated: Mar 7, 7:02 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.05201 1.07379 1.08693 1.09557 1.10871 1.11735 1.13913 USD/JPY 108.685 111.085 112.425 113.485 114.825 115.885 118.285 GBP/USD 1.32749 1.36881 1.3955 1.41013 1.43682 1.45145 1.49277 USD/CHF 0.96285 0...
Asian Stocks Trade Mixed, Nikkei Drops as Yen Strengthens The sentiment on the Asian indices appears mixed on Monday, posing a cautious start to the week, as markets assess the Chinese GDP growth target as well as the US jobs data...
Pivot Points DAILY Last Updated: Mar 7, 7:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.0701 1.08413 1.09209 1.09816 1.10612 1.11219 1.12622 USD/JPY 111.435 112.571 113.168 113.707 114.304 114.843 115.979 GBP/USD 1.39084 1.40501 1.4136 1.41918 1.42777 1.43335 1.44752 USD/CHF 0.97115 0.9821 0...
AUD/NZD Attacks 1.0900 Amid Cautious Asia The AUD/NZD cross cane under renewed selling pressure over the last hours, and now tests 1.09 handle as the AUD remains weaker against its OZ neighbour. AUD/NZD faces stiff resistance near 1.0925 region Currently, the AUD/NZD pair trades -0...
EUR/USD cautious start to the ECB week, Below 1.1000 The EUR/USD pair witnessed a minor bearing opening gap this Monday, falling nearly 20 pips form above 1.10 handle, and now extends further to the downside amid broad based US dollar recovery. EUR/USD capped by 1...
Weekly Trading Forecast: China, ECB Decision and Dollar Stability to Test FX Market Volatility The fundamental focus will shift temporarily from the Dollar over the coming week - just as trend pressure comes into view - with China's NPC meeting and the ECB rate decision drawing traders' anxiety...
NZD/USD Could be a Keeper, but Eyes on RBNZ - Westpac Imre Speizer, analyst at Westpac explained that the positive reversal in global risk sentiment in mid-Fed accelerated last week, pushing most equity and commodity markets higher. As a result, high-yielding risky currencies have outperformed...
AUD/JPY: Tracking the Upside but Overdone? AUD/JPY is currently is trading at 84.33 with a high of 84.53 and a low of 84.09. AUD/JPY has tracked the recovery in of both USD/JPY and the Aussie...
EURUSD Daily Forecast: March 07 2016 EURUSD Forecast The EURUSD failed to continue its bearish momentum last week topped at 1.1043 after formed two Dojis as you can see on my daily chart below. The bias is neutral in nearest term but as long as stays above 1...
GBPUSD Daily Forecast: March 07 2016 GBPUSD Forecast The GBPUSD had a bullish momentum last week topped at 1.4248. The bias is bullish in nearest term testing 1.4300 area. Immediate support is seen around 1.4175...
USDJPY Daily Forecast: March 07 2016 USDJPY Forecast The USDJPY was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but overall price is still in a bullish phase since formed a double bottom formation as you can see on my daily chart below...
USDCHF Daily Forecast: March 07 2016 USDCHF Forecast The USDCHF was indecisive last week. The bias is neutral in nearest term but as long as stays below 1.0000/35 I still prefer a bearish scenario at this phase targeting 0.9820 area. Immediate resistance is seen around 0.9955...
GOLD: With GOLD closing higher the past week (see weekly chart), further strength is expected. However, while it trades below the 1263.00/1279.00 resistance zone, risk of a move lower is likely. On the downside, support comes in at the 1250.00 level where a break will turn attention to the 1240...
