One thing is for certain - pound sterling (GBP) is going to move substantially against the US dollar over coming months. The question is, which way? HSBC's currency team lay out four scenarios...
EUR/USD: Wave analysis and forecast for 12.02 – 19.02: Uptrend continues. Estimated pivot point is at the level of 1.0970. Our opinion: Buy the pair from correction above the level of 1.0970 with the target of 1.15 – 1.16...
In response to the tightening of financial conditions we have observed over the past month, BNP Paribas economists have made significant changes to their Fed forecasts and now no longer expect the Fed to hike rates in 2016 or 2017...
The euro to dollar exchange rate is way above the ECB’s preferred level, and this spells danger for the euro bulls. Will the euro to dollar exchange rate’s impressive rally, take a terminal hit fro the ECB soon? We believe it could. "One thing to consider moving forward: the EUR/USD exchange rate...
First, a few words about the forecast for the previous week: ■ with regard to the forecast for EUR/USD, it came 100 per cent true. As predicted, the pair remained in a sideways trend until midweek, then, following the speech of the Fed Chairperson Janet Yellen, it broke through the resistance 1...
Central banks have been pumping money into the global economy without a whole lot to show for it other than sharply higher stock prices, and even that has been on the downturn for the past year. Growth remains anemic, and worries are escalating that the U.S...
Trading with the use of Bollinger Bands Bollinger Bands supports price movements. It can accommodate in times of heavy volatility and narrowing of the times in which oscillations are low. In general, it is adjusted based on the size of the market movements and oscillations...
Risk aversion reigns supreme in the markets fuelled by two fears – that a global recession is looming large and that the central banks around the world are powerless to prevent it...
On the h4 chart, the price is within the alt bat harmonic pattern range. We are expecting to have a surge if the demand fuels up across the market...
On the daily chart, having the shark harmonic pattern formed a reversal is in sight. If thesituationcontinues , we will have more drops coming in the market...
Forex Weekly Forecast: Dollar is the Big Loser until this Changes Tensions are running high as the S&P 500 hits its worst streak since the heights of the Global Financial Crisis. But all hope is not lost—we’re keeping an eye on these key themes in the big week ahead...
During most of the past week, USD/JPY continued its steep plunge as diminished expectations of further interest rate hikes by the US Federal Reserve weighed on the dollar, and turbulent stock markets around the world pushed up the safe haven Japanese yen...
The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: Short-term topping risk persists...
Over the past month the market has put the USD under substantial pressure, and the DXY has fallen almost 4% since the end of January...
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The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, EUR/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD. EUR/USD: Intraday moves have been quite extreme, but there seems to be very little interest in the pair and liquidity is poor...
Chart: http://bi0l.blogspot.com/2016/02/usdjpy-intraday-forecast-technical-side_12.html Calculated level for today: Support (S1 / S2 / S3 = 111,33 / 110,72 / 109,72), resistance (R1 / R2 / R3 = 113,33 / 94 / 114.94). Key resistance levels (1st from 114.17 to 112...
The #BankofJapan can take intervention to prevent the #yen strengthening. Note that on the eve #USDJPY has updated annual lows, and from a technical point of view, reached important support levels. Find out more by checking out the Source Link...
