The EUR/USD pair is seen wavering between gains and losses over the last hours, having failed several attempts to take out daily high near 1.0880 region. EUR/USD: Rebound likely on poor ADP report? Currently, EUR/USD trades modestly flat at 1.0863, fading a spike to session highs reached at 1...
Technical Analysis of USD/CAD for March 2, 2016 02 Maret 2016 4:31 PM General overview for 02/03/2016: The wave a of the overall corrective structure in wave (c) blue had been made and now the market is in a corrective cycle in wave b purple. The projected target for wave be is at the level of 1...
Japanese PM Abe’s adviser Masahiko Shibayama crossed the wires via Reuters earlier today, commenting on the BOJ’s monetary policy...
Karen Jones, Head of FICC Technical Analysis at Commerzbank, argued that downside risks still persist around the pair. Key Quotes “USD/JPY view unchanged, we think it is basing but need more conformation”. “Last week the market held over the 110...
While short USD/CAD and long USD/JPY tend to perform well during the month of March, they are not attractive seasonal plays from a risk/reward perspective, notes Australia and New Zealand Banking Group (ANZ...
In opinion of strategists at Westpac, occasional bullish attempts in the pair could be limited at the 1.4040/80 band...
The greenback is recovering part of the ground lost to its Canadian peer on Tuesday, now sending USD/CAD to test fresh highs in the mid-1.3400s. USD/CAD attention to ADP, EIA After a brief adventure to sub-1.3400 levels during yesterday’s session, spot has managed to regain the 1...
USD/CHF has recovered over the past two weeks; however the franc has continued to trade firmer against the EUR. SNB Jordan’s speech last week saw the President reiterate that the franc remains ‘considerably overvalued’ against the EUR and that the SNB stands ready to intervene if necessary...
During February the pound weakened further against the US dollar in terms of London closing rates from 1.4174 to 1.3935, notes (the Bank of Tokyo-Mitsubishi) BTMU...
Upside surprises continue for the US economic data calendar, meanwhile. The manufacturing Ism wasn’t as weak as feared and the price component was stronger. On we go to the ADP employment survey tomorrow, which we expect to show a 225k increase, i.e. a little above the recent trend...
EUR/USD: Bearish: Take partial profit at 1.0810. While we remain bearish EUR, the price action is in line with our expectation wherein we expect limited downside potential. This pair is struggling to move lower and those who are shorts may want to take partial profit at 1.0810...
Research Team at Societe Generale, suggests that the USD/CAD has re-integrated within multiyear upward channel and in the process it has formed a bearish engulfing last month. Key Quotes “This follows a shooting star in January and denotes possibility of further down move. 1.3650/1...
Research Team at Nomura, suggests that the limits of monetary policy have become increasingly clear since the 2008–09 global financial crisis...
Gold Technical Analysis for March 2, 2016 02 Maret 2016 2:37 PM Gold price remains inside the triangle pattern and is now testing the lower boundary of the triangle. This is the time for short-term traders to go long with stops at $1,210...
Daily Analysis of GBP/USD for March 02, 2016 GBP/USD has been trading sideways below the resistance level of 1.3963 and the 200 SMA on H1 chart. When the pair does a breakout below the 1.3878 price zone, then bears will be stronger and the Cable may look to reach new lows on a short-term basis...
Technical Analysis of EUR/USD for March 02, 2016 When the European market opens, some economic news will be released such as PPI m/m and Spanish Unemployment Change. The US will release economic statistics too such as Beige Book, Crude Oil Inventories, and ADP Non-Farm Employment Change...
Technical Analysis of USD/JPY for March 02, 2016 In Asia, Japan will release the Monetary Base y/y. The US will release a series of economic data such as Beige Book, Crude Oil Inventories, and ADP Non-Farm Employment Change...
Daily Forecast AUDUSD On the monthly chart, the price is within the inv ab=cd harmonic pattern range. We are expecting to have a surge if the demand fuels up across the market. Best of luck to all the members of MyForexOffice. Description Analyzer : http://myforexoffice...
