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Derek Halpenny, European Head of GMR at MUFG, suggests that from the low on Wednesday to yesterday’s high, the pound advanced by 3.2% versus the US dollar as broader risk sentiment improved and the dollar weakened on the back of the FOMC announcements on Wednesday evening...
Research Team at Investec, notes that the Pound hit one month highs against the US Dollar yesterday trading back up to 1.4500 after the pair's recent foray under 1.4000...
Analysis : Triangle has broken through the support line at 18-Mar-02:00 2016 GMT. Possible bearish price movement forecast for the next 10 hours towards 1.29. Supporting Indicators : Downward sloping Moving Average Resistance Levels...
Bert Colijn, Research Analyst at ING, notes that the growth in labour costs in the Eurozone increased modestly to 1.3% y-o-y in the fourth quarter of 2015. “Even though this is a 0.2 percentage point improvement from Q3, it still leaves growth well below the 1...
Calculated level for today: Support (S1 / S2 / S3 = 41,12 / 40,84 / 30,39), resistance (R1 / R2 / R3 = 42,01 / 42,29 / 42,73). Key support levels (1st from 39.84 to 40.33 at the end of the day, the 2nd of 39.70 to 40.13...
A few thoughts for your review… The EURJPY has formed a daily triangle within a daily fib. Technically this trend is still bullish, as higher highs and higher lows are in play. Price is now testing previous daily highs at the light green zone below...
The pound to euro exchange rate (GBP/EUR) has bounced off recent lows thanks to a positive view on the outlook contained in the Bank of England’s March policy meeting minutes...
Societe Generale downgraded Banco Santander to Sell saying decreasing profitability in key markets puts the company's fully-loaded Core Tier 1 ratio target at risk. The firm cut its price target for the shares to EUR 4.0 from EUR 4.2. *Société Générale S.A...
In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie dollar could slip towards the 0.7520/0.7415 area. “AUD/USD’s move higher has reached the 61.8% retracement at 0.7650/52 and we notice the 13 count on the daily chart and some caution is necessary...
In view of the research team at UOB Group, the upside momentum in GBP/USD could extend towards 1.4570. “As mentioned in the 24-hour view, we clearly did not anticipate GBP to stage such a remarkable rally in such a short period of time (swinging from a low of 1.4053 on Wednesday to a high of 1...
More short-term USD weakness. "The dovish Fed – discouraging USD bulls – has led to a de-positioning move supporting the once shunned currencies. GBP, AUD and many emerging market currencies fall into this category...
Changing the Market Thinking We’ve seen a change in the tone to FX markets this week, with the dollar index moving to new lows for the year, and is now down a cumulative 5% since the start (calculation helped by close at 100.0...
The USD index is creeping higher, and although we sense some small correction is in the making, it is unlikely to develop into a significant move higher, though in the case of USD/JPY, yesterday’s ‘presence’ of the BoJ gave the lows a bid, so some consolidation above 111...
The research team at UOB Group sees the pair could attempt a visit to the vicinity of the 1.1500 handle. “The up-move in EUR has been more impulsive than expected as we approach the 1.1375 high seen last month”. “Above this level would open up the way for a move to the Oct 2015 high of 1.1495...
EUR/USD has come under increasing selling pressure following the opening bell in Euroland, with gains so far capped in the low-1.1300s for the time being...
Cable is looking a little tired at the highs, with 1.4500 having provided very strong offers yesterday – a number of attempts in both London and NY failing to breach this level...
German PPI Falls More Than Expected In February Germany's producer prices declined at a faster-than-expected pace in February, data from Destatis showed Friday. The producer price index fell 3.0 percent year-over-year in February, exceeding economists' expectations for a 2.6 percent decrease...
Euro Falls Ahead Of German PPI At 3:00 am ET Friday, German statistical office Destatis is due to release its producer prices report for February. Producer prices are expected to fall 2.6 percent year-over-year in February after the 2.4 percent drop in January...
