Once European markets closed yesterday, Treasury yields started to move higher again. The Richmond Fed index was strong, but I’m not sure that’s really the driver. The only data today comes from New Home Sales, likely to be stronger too...
Intraday Technical Levels and Trading Recommendations for USD/CAD for March 23, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...
Intraday Technical Levels and Trading Recommendations for GBP/USD for March 23, 2016 On January 21, after the GBP/USD pair moved below 1.4340, evident signs of bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4340 again. Bullish persistence above 1...
Intraday Technical Levels and Trading Recommendations for EUR/USD for March 23, 2016 In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms had been previously set in July 2012 and June 2010...
Our short position in #GPBUSD already brings a quite large but unfixed #profit. A directional movement, which is currently observed, is a perfect time to add volume to the position. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers...
We have closed an order to sale #USDJPY with a #profit. As a result of further upward movement, the fractal was crossed upwards, and it involved us to the buy order. Find out more by checking out the Source Link...
We ask one of the leading Canadian dollar technical analysts where he sees the CAD going against the euro, US dollar and British pound. The Canadian dollar has been on a tear higher lately, buoyed by the strong fundamental underpinning provided by a recovery in oil prices...
Both a Donald Trump and Hillary Clinton victory in the November election are keeping the US dollar under pressure argues a prominent currency analyst. The US dollar is already weakening on the back of political risk argue BMO Capital Markets in their latest forecast note on the US dollar...
Had the Nationalists won the Scottish indepence debate the country would be declaring independence around about now. Economically, what has changed and how will it influence the debate going forward? In the event of a Brexit Scotland would probably be justified in calling their own referendum...
Dear Friends, Global Trends 2016 Report has been published for all clients. Now you can get this report (31 Pages). Please see the below message which brought to you from www.hotforex...
Almost two weeks ago the European Central Bank stated clearly that scope for further rate cuts was very limited...
Some particularly sensitive bulls heard the alarm bell when #Gold today went below the support line of the current medium-term uptrend. It is recommended to stay out of the market until the #quotes leave the range of 1226.55-1271.38. Find out more by checking out the Source Link...
We should note a downward momentum of #GPBUSD after yesterday's terrorist attacks in #Brussels. Due to this and other fundamental factors, soon we may witness the testing of the short-term uptrend support line. Find out more by checking out the Source Link...
EUR/USD: Change to Neutral: Bullish phase ended, in a broad 1.1120/1.1375 range now. The break below 1.1200 yesterday was not surprising and indicates that the bullish EUR phase that started on the 11 Mar has ended...
The federal government released its 2016 budget today. The fiscal deficit for FY2016-17 is expected at C$29.4bn (1.5% of GDP), roughly in line with expectations, and at C$29.0bn (1.5% of GDP) for FY2017-18...
USDX Technical Analysis for March 23, 2016 The Dollar index showed renewed strength yesterday and broke out of the short-term bearish channel. Is it a trend reversal? The decline has an overlapping structure which implies we are in a corrective phase...
Gold Technical Analysis for March 23, 2016 Despite an early breakout above the short-term resistance in Gold price, sellers pushed prices below support canceling the bullish scenario for a new high towards $1,300. As we said in our previous analysis, a rise from $1,045 can be completed...
The strongest signals this week from Danske's FX Scorecard are long AUD/JPY, long USD/JPY, and long EUR/JPY. * Danske Bank (formerly Northern Bank) is a commercial bank in Northern Ireland...
A bid for safe assets after the attacks in Brussels supported modest gains in Treasuries along with curve Tuesday morning, but the gains reversed to modest losses in the front end and belly of the curve in the afternoon following the European close, in part triggered by less dovish comments from...
The USD has caught a bid in late Asian trading as markets digested commodities, Asia long-term economic outlook in light of falling local entrepreneurial returns and ambitious corporate balance sheets, and interest rate differentials widening further in favour of the USD...