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The GBP/EUR is moving in a broad sideways zone with its floor at 1.2577 and ceiling at 1.3000 - but a pattern is emerging that hints of a big move in coming weeks. The heavy sell-off which characterized GBP/EUR’s behaviour in January and February looks to have found a bottom in the 1...
The order to sell #GPBUSD was closed with more than 200 points of #profit with the signal of fractal crossing up. At this level we opened the order to buy and it brings more that 100 points of #profit. Find out more by checking out the Source Link...
The result of the short position in #EURUSD was fixed after the price had broken the fractal level up at 1.1175. According to the System rules we started to buy at this level. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
GBP/USD downside may be tempered by falling US inflation expectations, which could weaken the dollar...
USD Positions Consolidated while EUR Shorts Reduced - Rabobank Jane Foley, Senior FX Strategist at Rabobank, lists down the IMM Net Speculators’ Positioning as at 22 March 2016. Key Quotes • “Having declined for six consecutive weeks, USD positions consolidated ahead of the Easter break...
JPY: Mixed Data - BBH Research Team at BBH, notes that the Japan reported mixed data overnight. Key Quotes “The jobless rate ticked up unexpectedly to 3.3% in February even as the jobs to applicant ratio remained steady at 1.28. Several measures of retail sales and household spending were mixed...
SGD: Sing in the Wings – Deutsche Bank Research Team at Deutsche Bank, suggests that there was little pushback to their view that MAS would not change policy at their April meeting given a reiteration of their core inflation forecasts, and fiscal support...
After six consecutive days of correction lower the Kiwi finally seems to be getting a foothold once more. The NZ dollar has been a laggard of late confirming that the decision by Governor Wheeler and his team at the Reserve Bank to cut interest rates this month continues to linger...
CNY: Tail-sizing – Deutsche Bank Research Team at Deutsche Bank, tries to answer the question that how large was the tail on Chinese growth and FX now. Key Quotes “Some suggested China was not the main tail risk for markets anymore, rather it was Europe (refugee crisis, Brexit, terrorism...
Oil in Global Economy Series: Saudi Games Not Working After more than a year into deployment, cracks are now plenty to conclude that Saudi Arabia’s strategy to keep production high, drive out high cost producers and increase/retain its market share has failed...
U.S Treasury Trades Flat Ahead of Yellen's Speech The U.S. sovereign bonds were flat on Tuesday as investors awaited a speech by Federal Reserve’s Chair Janet Yellen which could give further indications for next interest rate hike, despite weak economic data on Monday...
FXWIREPRO: GBP/JPY Faces Strong Resistance at 162.80, Good to Sell on Rallies Major resistance - 162.80 Minor support - 161.30 Major support 160.50 (200 day 4 HMA) The pair has broken minor resistance 161.80 and jumped till 162.34 at the time of writing. It is currently trading around 162.18...
Barclays Warns Over Commodity Longs UK’s investment bank, Barclays has issued warning against recent rallies in commodities and investors; interest in commodity products both stocks as well as ETFs...
Currency Markets Likely to See increased Volatility on Fed Hike Expectations The dollar staged a nice bounce-back from post FOMC lows supported by both safe-haven flows as a result of the Brussels terror attacks, as well as surprisingly hawkish comments from Fed officials in recent days...
FXWIREPRO: Short Cable Below Supports at 1.4229 As Gains Seem Momentary, Major Bear Trend Intact Speculate Via Binaries Although we are seeing upswings, we suspect the sustenance and could foresee the many technical obstacles for its sustainability. Be cautious and stay away between 1.4280 - 1...
Asia FX: Don’t Drive with Flat Tyres – Deutsche Bank Research Team at Deutsche Bank, had held to their view that the recent risk rally was not to be chased in Asian FX as both wheels of the Asian growth cycle were slowly deflating, with the export cycle in deep negative territory and the credit c...
GBP/USD Nears 1.43, Trades Above Hourly 200-MA Dollar selling is gathering pace in early US, courtesy of which the GBP/USD pair has taken out hourly 200-MA of 1.4265 and is now eyeing 1.43 handle...
Will Yellen Reinforce Her Comments from FOMC Meeting? - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that on a DXY basis, the US dollar is close to unchanged from the pre-Easter London holiday close underlining the lack of drivers for the dollar over the vacation period...
Dear Traders, We welcome you back to a new trading week and hope you will be fit for trading as this week promises to be very interesting in terms of the outlook for U.S. monetary policy. We have Fed Chair Janet Yellen's speech before the Economic Club of New York today and the U.S...
