Technical Analysis of USD/CAD for March 3, 2016 03 Maret 2016 2:05 PM General overview for 03/03/2016: As anticipated yesterday, the market has made the high for the wave b purple around the intraday resistance at the level of 1.3480 and then reversed...
Research Team at Westpac, suggests that the AUD/USD this week rose above 0.73 for the first time since 4 January, having fallen as far as 0.6827 on 15 January...
Kit Juckes, Research Analyst at Societe Generale, suggests that a moderate bounce in oil prices was one of their calls at the end of last year, as was further uncertainty about Chinese currency policy in the face of continued economic softness...
Research Team at TDS, notes that the BCB kept its policy rate on hold at 14.25%, with two dissents for a 50bp hike maintained, as we had expected. Key Quotes “The only change in the terse statement was the removal of “increase” in the phrase “...
Research Team at TDS, notes that it was another positive data print today from Australia, with the Trade Balance for Jan coming in much better than what the Chinese Trade data had led us to believe. Key Quotes “The deficit for Jan was –A$2.94b vs mkt at –A$3.2b and $0...
Technical Analysis of EUR/JPY for March 03, 2016 Technical outlook and chart setups: The EUR/JPY pair seems to have formed interim bottom at 123.00 levels yesterday as expected. Please also note that 123.00 is fibonacci 0.50% support level of the rally between 122.00 and 124...
In an interview reported by Bloomberg, PBOC Adviser Bai Chongen noted that the easy money policy adopted by China has inflated real estate prices and increased the risk of a property bubble...
Renuka Fernandez, Senior Rates Strategist at TDS, suggests that they find that the ECB has enough eligible assets as of right now to run to the end of the asset purchase program in March 2017, without hitting limits on German debt...
Technical Analysis of GBP/CHF for March 03, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be inching higher above trend line resistance, trading at 1.4050 levels now. The pair is soon approaching fibonacci 0.618 resistance of the drop between 1.4320 and 1...
Elliott Wave Analysis of EUR/NZD for March 3, 2016 Wave summary: This cross again did, what it has done many times lately. It stages the first minor signal that the correction in wave [ii] was over and then took a new dive to new lows, this is pretty confusing...
Elliott Wave Analysis of EUR/JPY for March 3, 2016 Wave summary: The rally from 122.08 seems to have topped at 124.36. The failure to take out the 125.01 high does indicate that a running triangle is developing, but not an expanded flat...
Technical Analysis of EUR/USD for March 03, 2016 When the European market opens, some economic news will be released such as French 10-y Bond Auction, Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI...
Technical Analysis of USD/JPY for March 03, 2016 In Asia, Japan will not release any economic data...
Japanese #yen is losing ground against its major rivals amid growing risk appetite. The main factors of sentiment improvement in financial markets are strong statistics from the USA, rising #oil prices and the recovery in #stock markets. Find out more by checking out the Source Link...
Risk rally continues, the real gainers here are commodities and commodity currencies. AUD, NZD and CAD are best gainers. They are followed by Emerging Markets currencies ZAR, TRY, MXN and alike. Asian currency rally has slowed down a bit along with the equity rally...
EURUSD Daily Forecast: March 03 2016 03 Maret 2016 2:44 AM EURUSD Forecast The EURUSD had another indecisive movement yesterday, formed another Doji on daily chart but hit another fresh low at 1.0825. The bias remains neutral in nearest term...
GBPUSD Daily Forecast: March 03 2016 03 Maret 2016 2:41 AM GBPUSD Forecast The GBPUSD had a bullish momentum yesterday and now struggling around 1.4080 key resistance as you can see on my daily chart below. 1...
USDJPY Daily Forecast: March 03 2016 03 Maret 2016 2:36 AM USDJPY Forecast The USDJPY attempted to push higher yesterday topped at 114.55 but whipsawed to the downside and closed lower at 113.46. The bias is neutral in nearest term probably with a little bearish bias testing 113.15 support area...
USDCHF Daily Forecast: March 03 2016 03 Maret 2016 2:33 AM USDCHF Forecast The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 0.9880 – 0.9820 support area. On the upside, 1.0000 remains a key resistance...
