The AUD/USD had an excellent week last week due to the weakening dollar. However, the dollar has started the week strong and has caused a fair gap in the markets during the opening last night. The price broke the 200 EMA very strongly, therefore we are not expecting it the drop below it this week...
The Bank of Canada should remain in a wait-and-see mode on Wednesday despite risks to the growth outlook remaining to the downside, says BNP Paribas...
According to our economists, the February average hourly earnings data were likely impacted by calendar effects that boosted January average hourly earnings and biased February wage growth lower...
Our long position in #EURUSD from 1.0962 is in the market, at least for now. But the pair is declining, and the position may be closed soon. In any case, any possible development will not be a surprise for us. Find out more by checking out the Source Link...
A long position in #USDJPY was closed with a loss on the red Alligator's line crossing. At the moment, we have two pending breakthrough orders. Overcoming of any of them will involve us to a new trading position. Find out more by checking out the Source Link...
Gold Analysis for March 07, 2016 Overview : Since our last analysis, gold has been trading upwards. As I expected, the price tested the level of $1,279.67. Anyway, in the daily time frame, I found a a supply bar (up thrust), which is a sign of weakness. Intraday buying at this stage looks risky...
USD/CAD Intraday Technical Levels and Trading Recommendations for March 7, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...
Dear Friends, This week we have below high impact news schedule which may be tradable. Wednesday, March – 9, 2016...
Despite encouraging Australian growth data, UBS analyst team stays bearish on the AUD and still targets AUD/USD 0.68 on a three-month basis and 0.65 on a six and 12-month basis. They explain how the growth “miracle” looks a little different after scratching the surface...
In opinion of the research team at UOB Group, the pair remains poised for further consolidation in the next weeks. Key Quotes “USD traded sideways as expected with a range of 113.15/114.25 which is close to our expectation of 113.10/114.15...
Traders are treading cautiously this Monday morning after a rather clouding Non-farm Payrolls report and the Chinese National People’s Congress over the weekend set out a growth rate of 6.5% to 7.0% for the next year. Wall Street closing higher (S&P 500 up 0...
Dear Traders, We welcome you to a new trading week. Before coming to this week's main risk event - the European Central Bank meeting on Thursday - let us briefly look back at last Friday's Non-Farm Payrolls report...
EURGBP- The cross took back all of its previous week gains to close lower the past week. This development leaves risk lower in the new week. Support comes in at 0.7700 level. Further down, support lies at the 0.7650 level where a violation will turn focus to the 0.7600 level...
07 March 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 09:10 MPC Member Haldane Speech GBP Med. - - Dovish All Day Eurogroup Meetings EUR Med. - - Neutral 18:00 FOMC Member Brainard Speech USD Med...
Amid the pessimistic influence of the U.S. labor market data, the dollar dipped significantly. For #GBPUSD this meant achieving of the 50% retracement level of the latest wave of decline 4-29 February. The current movement is developing within the upward channel...
Facing up to the ECB Friday’s US employment report did not lead to a sea change in the tone on the dollar. The better headline reading mean that the improved tone to risk assets remained in place, which allowed equities to close into positive territory...
Technical Analysis of USD/CHF for March 07, 2016 USD/CHF is expected to advance further. The pair continued posting technical rebounds and is now challenging its nearest resistance at 1.0030...
