W1 price is on primary bearish with secondary ranging within the following key support/resistance levels: 0.7381 resistance level, and 0.6907 support level...
The US central bank has clearly signalled that a first interest rate hike in December is not off the table yet. According to Thu Lan Nguyen, analyst at Commerzbank, the market is now focusing on US economic data, especially from the labour market...
was rejected from daily highs above the 100-day SMA and pulled back to trade around opening levels as the dollar managed to trim some of its last sessions’ losses. GBP/USD climbed above the 100-day SMA and reached its highest level in 10 days, but faltered a few pips ahead of the 1.55 mark...
The greenback, tracked by the US Dollar Index, is trading on the negative ground around 96.80/75 following the results in the US calendar. US Dollar weaker post-data The dollar remains unable to pick up pace today in spite of the better-than-expected results from today’s releases...
EUR/USD edged a few pips down but overall remained little changed within its recent range following the release of better than expected US PMIs data. The Institute for Supply Management (ISM) manufacturing index dipped to 50.1 in October from 50.2 the previous month, but came in above the 50...
The range of fluctuations in #EURUSD continues to decline, and with it #fractals are forming closer and closer. A breakout of one of these fractals will involve us to the next #trading position. Find out more by checking out the Source Link...
An order to open a short position in #USDJPY has activated on a breakout of the nearest fractal down. Now we are ready to add according to #signals of the #BillWilliams #system, but currently we see only a single signal. Find out more by checking out the Source Link...
The buying interest around the European currency is now picking up further pace, pushing EUR/USD to test session tops in the 1.1050/55 band...
The moderate uptick in the treasury yields failed to strengthen USD/JPY, which now trades lacklustre around 120.50 levels. Yields rise, USD trims gains The 2-yr yield, which mimics rate hike bets gained one basis points, while the 10-yr yield gained more than two basis points...
W1 price is located below 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the primary bearish market condition with the secondary ranging between Fibo resistance level at 1.1713 and key support level at 1.0807: the price is trying to cross Fibo support level at 1.0897 for 1...
Research Team at BBH, suggest that the market expectations for more monetary stimulus is running high after Draghi's press conference following the ECB meeting last month. Key Quotes “However, while many market participants view it as a done deal, it is not clear that a consensus has been forged...
The research team at BBH expects the Polish central bank to leave unchanged its monetary policy stance at its meeting on Wednesday. Key Quotes “Polish central bank meets Wednesday and is expected to keep rates steady at 1.5%”. “Earlier today, Poland reported October CPI steady at -0...
Ned Rumpeltin, European Head of Currency Strategy at TD Securities, suggests that the key focus will be on the US ISM manufacturing PMI and he expect a drop to 49.4 this month, well below the consensus forecast of 50.0...
On Monday a surprising surge in U.K. manufacturing growth lifted the British currency, and also renewed the talk of the timing of the Bank of England’s first interest-rate increase since the financial crisis...
Skandinaviska Enskilda Banken made some technical analysis for EUR/USD: EUR/USD: secondary correction is started "Mr. Market did chose to follow the alternate correction path and prices accordingly moved up in close proximity to the recent correction high, 1.1098...
GOLD: With GOLD weakening further on the back of its past week losses during Monday trading session, additional decline is envisaged. On the downside, support comes in at the 1125.00 level where a break will turn attention to the 1110.00 level...
#Market participants are waiting for new #signals that might confirm that the #Fed may rise the interest #rate in December. So this week the biggest attention will be focused on #nonfarm payrolls, which will be released in the USA on Friday. What are another key #economic #events...
Trading recommendations and Technical Analysis – HERE! The level of consumer spending in the US in September rose by 0.1% compared with the previous month (forecast 0.2%). The price index for personal consumption expenditures (PCE) in September decreased by 0.1% compared to August (forecast 0...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, GBP/USD, and AUD/USD. EUR/USD: sold off on Friday despite all the talk of month-end USD selling. We prefer playing the short side and would look to get involved above 1.1050, with resistance at 1...
