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AUD/NZD Back Above 1.12 Mark, Good to Buy on Dips Pair is currently trading at 1.1230 levels. It made intraday high at 1.1232 and low at 1.1205 levels. Intraday bias remains bullish for the moment. On the downside, key support level falls at 1.1060 levels...
Japan Core Machine Orders Soar 15.0% In January Core machine orders in Japan surged 15.0 percent on month in January, the Cabinet Office said on Monday - coming in at 934.7 billion yen. The headline figure far exceeded forecasts for an increase of 1.9 percent following the downwardly revised 1...
Singapore Dollar Fails to Sustain Below 1.36, Intraday Bias Remains Bullish USD/SGD is currently supported above 1.3700 levels and trading around 1.3736 marks. It made intraday high at 1.3750 and low at 1.3710 levels. Intraday bias remains bullish till the time pair holds key support at 1...
USD/JPY Struggle with 114 Continues Ahead of BOJ, FOMC The USD/JPY pair attempts to extend Friday’s gains and reclaim 114 handle in the Asian trades, setting-off the week on an upbeat note amid improved risk sentiment...
AUD/USD: Bulls Taking Back Control on Key Week AUD/USD has been a drift to the upside to start the week and bulls remain in control. The greenback remains on the back foot after the ECB induced rally in the euro and while there has been a recovery in stocks, oil and metal prices...
NZD/USD Outlook - Westpac Imre Speizer, analysts at Westpac offered an insight into the NZ dollar. Key Quotes: "1 Week: NZD/USD is stuck around 0.6700 in the near term...
G10 Key Events: FOMC to Downgrade Rate Outlook? Analysts at Nomura explained the key events for the week ahead in the G10. Key Quotes: "The March FOMC meeting will be in focus, but there will also be key data on producer and consumer prices, as well as consumer, housing and industrial activity...
EAs can assist traders and here are the results to prove it. Last Thursday is another banner day for us. We closed 8 consecutive winning trades for a total profit of 280 pips...
Analysis (Weekly): Last week the couple began Quotes (Open 1.0989) with humiliation and course correction channel up H4. Then there was the growth of the test and weekly resistance R1-w (1.1040) and the middle of the channel up H4...
GOLD: With GOLD rejecting higher level prices to close lower the past week, further bearishness is envisaged. On the downside, support comes in at the 1,240.00 level where a break will turn attention to the 1,230.00 level...
The labor market is strengthening, but inflation remains stubbornly below target and financial conditions are volatile," Daniella Gambino, 22 years old, told listeners gathered in the Federal Reserve's chandeliered boardroom in Washington...
Fixed exchange rates limit the degrees of freedom for policymakers. The breakdown of Bretton Woods in 1971 removed this constraint on official action, and the results were larger budget deficit and higher inflation. The zero bound on interest rates also posed a constraint on behavior...
We’ve had evidence that a weak C$ finally started lifting manufacturing shipments, export volumes and GDP generally towards the end of last year. However, the strong rebound in the C$ recently threatens to stem that tide, with the loonie well above its November-January average...
Takeaways From This Week's COT Report: AUD & JPY An Unlikely Pair As Largest Held Longs - Scotiabank
Data in this report cover up to Tuesday Mar 8 & were released Friday Mar 11. AUD and JPY are the largest held net longs vs. the USD, an unlikely pair as we consider their contrasting risk profiles. Tuesday’s position date incorporates the most recent U.S...
This week will have the Bank of Japan, Bank of England and the Federal Reserve policy meetings where the benchmark rates are expected to remain unchanged...
Ahead of the new week’s trade we see the pound to dollar exchange rate at 1.4387, the best levels for buying dollars since mid February are now on offer...
USD/СAD: Wave analysis and forecast for 11.03 – 18.03: Downtrend dominates. Estimated pivot point is at the level of 1.3450. Our opinion: Sell the pair from correction below the level of 1.3450 with the targets of 1.3054...
The British pound has corrected higher against the New Zealand dollar following the Reserve bank of New Zealand’s decisionto cut interest rates at its March rate meeting...
USD/JPY: Wave analysis and forecast for 11.03 – 18.03: The pair is likely to decline. Estimated pivot point is at the level of 114.55. Our opinion: Sell the pair from correction below the level of 114.55 with the targets of 108.00 – 107.00...
