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On Wednesday the Aussie held weaker after data out of China pointed to subdued economic pressures, while the greenback was lower against the yen and euro amid mounting confidence the Fed will delay raising interest rates...
NZD/USD is on long-term bearish market condition for ranging between 0.6102 support level and 0.6720 resistance level. The key levels for the pair are the folloiwng: 0.6102 support level and S3 Pivot at 0.6029 as the next bearish target, and 0.6720 resistance level and S2 Pivot at 0...
EURUSD: With EUR continuing to trade below the 1.1396 level and its major resistance at the 1.1459 zone, our bias remains to the downside. This suggest its upside risk is now limited while maintaining below the 1.1459 level and downside threat remains the immediate bias...
A new forecast warns that those hoping for better pound exchange rates could be bitterly disappointed. We have reported time and again on how the finance world's leading analysts continue to predict a higher GBP to EUR exchange rate...
W1 price is located between 200 SMA and 100 SMA with the ranging market condition within the primary bullish - the price is located to be above 200 SMA. The price is above 200 SMA for the bullish market condition...
The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: Monday’s topping candle and declining volumes have prompted us to re-instate our bearish view against resistance in the 1.1460 area...
Since the beginning of September, we have seen European Central Bank president Mario Draghi reiterating he is eager to expand the euro area's stimulative program to boost the economy, however, the single currency climbed 1...
David Folkerts-Landau, global head of research at Deutsche Bank, said in a talk with Bloomberg earlier that sticking to the zero bound of monetary policy for any longer would be a mistake of historical proportions...
Central banks can make mistakes. David Folkerts-Landau, global head of research at Deutsche Bank, says that staying at the zero bound of monetary policy for any longer would be a historic mistake...
W1 price is located below 200 period SMA (200 SMA) and below 100 period SMA (100 SMA) for the primary bearish market condition with the ranging between 0.8162 key resistance level and 0.6907 key support level...
USDCAD: USDCAD remains on the offensive on the back of its long-tailed candle print triggering corrective recovery on Monday. This price action development leaves risk higher in the days ahead. On the upside, resistance resides at the 1.3100 level where a break will target the 1.3100 level...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and USD/CHF. EUR/USD: The pair feels bid but should trade in range today. Look to enter short around 1.1400, with a stop at 1.1505. USD/JPY: has been trading in a tight range and 119...
Crude oil dropped Tuesday, following the release of bearish supply estimates from the International Energy Agency. Crude’s early advance had been mainly driven by bargain hunting, according to analysts who also note that the cool rise in China’s oil imports last month was uninspiring. U.S...
In a recent interview with Fox News, CEO of Euro Pacific Capital Peter Schiff, an advocate of QE, is giving his analysis on what is the real reason behind the Fed's reluctance to increase interest rates...
XAUUSD 1D Diagram Technical Analysis shows the following: The XAUUSD seems to follow an ascending triangle pattern. Today it declines below the resistance line of this triangle. The candlestick until now is engulfing the previous one. The cloud is a strong resistance for farther decline...
On Tuesday the euro fell from three-week highs against the dollar after data showed that German economic sentiment hit the lowest level in a year this month. EUR/USD was last at 1.1387, down from highs of 1.1410 ahead of the report. EUR/GBP was last at 0.7465 from 0.7470...
Volkswagen has just announced that it is planning to slash its investment program by €1bn per year, as it struggles with the consequences of the diesel emissions scandal...
Barclays made a fundamental forecast for EURUSD expecting big volatility for this pair and for USD/JPY as well: "Last week saw a significant improvement in global risk sentiment, benefitting risky assets, despite soft data prints and cautious central bank rhetoric (Figures 1 and 2...
