EUR/USD: Neutral: Still neutral with key levels at 1.0900 and 1.1100. EUR is still trading in an undecided manner and we reckon ECB will determine whether we break below 1.0900 or above 1.1100. The outlook is finely balanced and the odds for a break lower/ higher appear to be even...
Technical Analysis of EUR/JPY for March 10, 2016 Technical outlook and chart setups: The EUR/JPY pair is trading higher at 128.80/90 levels for now, looking to extend rally towards 128.00 levels at least. The structure indicates that the pair might have completed 5 waves drop from 141...
Technical Analysis of GBP/CHF for March 10, 2016 Technical outlook and chart setups: The GBP/CHF pair is pushing higher towards 1.4300 levels it seems. The pair is out of the ending diagonal as depicted here and could be setting up for a deeper corrective rally towards 1.4850/1...
The Reserve Bank of New Zealand has surprisingly lowered the OCR by 25 basis points to 2.25%, a new record low, and has hinted at another cut in the future...
The Bank of Canada, on Wednesday, kept its key policy interest rate on hold at 0.5%, in line with an economy, which is seen as evolving in line with forecasts published in the January Monetary Policy Report...
Elliott Wave Analysis of EUR/NZD for March 10, 2016 Wave summary: An unexpected rate cut from RBNZ acted as a catalyst for the expected acceleration through the resistance line near 1.6341. It indicates that wave [ii] ended at 1.6085 and wave [iii] towards 1.8551 now is developing...
For the past six trading days, German benchmark stock index has been hovering around 50 day moving average (DMA), which is also coinciding with previous peak made in January this year...
With the ECB expected to further ease policy today, questions arise for the response of Danish central bank. In the past three months the Danish central bank has narrowed the interest rate differential to the ECB twice...
Elliott Wave Analysis of EUR/JPY for March 10, 2016 Wave summary: Resistance at 125.23 needs to protect the upside for a break below 124.22 and more importantly below support at 123.01 to confirm the expected decline to 119.90 and possibly even lower to 117.35. If, however resistance at 125...
Daily Analysis of GBP/USD for March 10, 2016 On H1 chart, GBP/USD is currently being supported by the 1.4183 zone, as the bullish bias stays intact. The 200 SMA in this time frame is slightly neutral, as we're still considering the resistance level of 1.4267 as a possible level to be broken...
Emerging markets rally continues on ECB day, EU rates have not moved much but the risk rally is pushing on. From Asia to Latam Emerging Martens currencies have all shown some strength at least and equities have fared even better...
Technical Analysis of EUR/USD for March 10, 2016 When the European market opens, some economic news will be released such as Minimum Bid Rate, Italian Quarterly Unemployment Rate, French Industrial Production m/m, German Trade Balance, and French Final Non-Farm Payrolls q/q...
Technical Analysis of USD/JPY for March 10, 2016 In Asia, Japan will release the PPI y/y. The US will release a series of economic data such as Federal Budget Balance, 30-y Bond Auction, Natural Gas Storage, and Unemployment Claims...
ANALYSIS: Last trading day expected test 1-key level confirmed the planned sale but not sold and remain relevant. Calculated level for today: Support (S1 / S2 / S3 = 39,99 / 57 / 38.90) and resistance (R1 / R2 / R3 = 41,34 / 76 / 42.44). Key levels pыdtrymky (1st from 40.56 / 40.21 to 40...
Today a central event of the week will be holden - a meeting of the European Central Bank, followed by a press conference of its head, Mario Draghi. Prior to this event, analysts make predictions about the decisions that may be taken today. Find out more by checking out the Source Link...
EUR/USD: After probing a multi month descending trend and early February lows of 1.08, EUR/USD embarked on a rebound. The recovery seems to be running out of steam as the pair has faced resistance at graphical level of 1.1060/1...
In my new paper on asset allocation I go into quite a bit of detail about why certain asset classes generate the returns they do. Understanding this is useful when thinking in a macro sense and trying to gauge why financial assets perform in certain ways in both the short-term and the long-term...
EURUSD Daily Forecast: March 10 2016 EURUSD Forecast The EURUSD attempted to push lower yesterday bottomed at 1.0945 but closed higher at 1.0990. The bias is neutral in nearest term probably with a little bearish bias retesting 1.0945...
