S&P will review Hungary’s sovereign credit rating today. The agency currently rates Hungary’s long-term hard currency debt at the sub-investment grade rating of BB+ with a stable outlook...
EUR/USD has come under increasing selling pressure following the opening bell in Euroland, with gains so far capped in the low-1.1300s for the time being...
Cable is looking a little tired at the highs, with 1.4500 having provided very strong offers yesterday – a number of attempts in both London and NY failing to breach this level...
Analysts at JP Morgan lower their USD/JPY end-2016 forecast to 103 (Prev. forecast 110) *JPMorgan Chase & Co. is an American multinational banking and financial services holding company headquartered in New York City...
On Friday the U.S. #dollar is gradually recovering versus other #currencies. Recall that the dollar was knocked down with the results of the #Fed meeting on Wednesday. However, today, #investors are tempering justice with mercy, and the "greenback" is rising again...
FXWIREPRO: EUR/JPY Extends Decline After Rejection a Falling Trendline Resistance EUR/JPY is extending decline on the day after seeing rejection at strong trendline resistance on Thursday's trade. Pair has been rejected multiple times at trendline since Mar 11th trade...
The current theme on the market is to sell USD’s, but after some heavy losses in the wake of the FOMC, we may see some moderation set in, especially ahead of the weekend. All the major pairings are losing a little traction, and even USD/JPY looks to have moderated since the 111...
Technical Analysis of USD/CHF for March 18, 2016 USD/CHF is expected to trade in a lower range and continue its downside movement. The pair is heading downward, capped by its falling 50-period moving average. Currently trading at 0...
Technical Analysis of NZD/USD for March 18, 2016 NZD/USD is expected to continue its upside movement. The pair is in a solid uptrend, supported by its ascending 50-period moving average...
Technical Analysis of GBP/JPY for March 18, 2016 GBP/JPY is expected to trade with a bullish bias. The pair, which is trading around the 20-period (30-minute chart) moving average, is retesting the first upside target at 161.85...
Elliott Wave Analysis of EUR/NZD for March 18, 2016 Wave summary: Overnight a spike to a low of 1.6435 has been seen. This likely marks the end of a small wave two correction and a minor wave three higher is about to take off...
Dirk Schumacher, Research Analyst at Goldman Sachs, notes that the SNB, as widely expected, left policy rates unchanged at its March policy meeting...
18 March 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 12:30 Core CPI m/m CAD High 0.3% 0.5% Neutral 12:30 Core Retail Sales m/m CAD High -1.6% 0.6% Neutral 12:30 CPI m/m CAD Med. 0.2% 0...
Dollar Tumble Impressive Technically, Capable Fundamentally Talking Points: The Dollar's tumble after the Fed decision continues with a technical development that suits a reversal While the Greenback can slide as its previous untouchable rate advantage fades, it isn't a universal opportunity With...
Henry Ohlsson, Deputy Governor of the Riksbank, argued that the current low level of interest rates could last until June/July 2017, and they’re expected to rise gradually since then. In this tone, Praet somewhat warned households who are trying to borrow money in order to buy a house...
Robin Bhar, Research Analyst at Societe Generale, suggests that they remain bearish about the gold price over the forecast period. “However, we have increased our average gold price forecast for 2016 to $1,150/oz, in part because of gold’s stellar start to 2016...
Elliott Wave Analysis of EUR/JPY for March 18, 2016 Wave summary: There is a rally; nothing new to add here. We continue to expect minor resistance at 126.70 will protect the upside for a break below minor support at 125.05 calling for renewed downside pressure towards 122.06 and lower to 119.90...
Peter Praet, Executive Board member of the ECB, has argued that the central bank could add further stimulus if needed via another cut of the deposit rate. Praet has also reiterated that the ECB still has measures to tackle the disinflationary pressures...
Technical Analysis of EUR/USD for March 18, 2016 When the European market opens, some economic news will be released such as the German PPI m/m. The US will release economic data too such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment...