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Looking ahead to the BoC monetary policy report, focus will be on the revisions to growth given the stimulatory Trudeau budget which is could see 2016 marked up to closer to 2.0% and 2017 around 2.7% - 0.5% higher in each case. In light of the breach of support levels through 1...
Oil in Global Economy Series: Future of Oil can be Seen in Present of Coal If I would have told you back in 2008, a company whose share price was trading at $1260, would go to zero in next eight years, you would have called me crazy, if I would have told you again in 2011 the same thing, when sha...
No Takers for Gold Amid Dollar and Equity Rally Risk-on rally in the equity markets and dollar strength is keeping investors away from Gold, owing to which prices fell to a low of $1240 ahead of the US data release...
USD/JPY Downside Appears Limited – UOB Analysts at UOB Group see the pair’s decline as limited in the near term. Key Quotes “As highlighted in recent updates, while the next significant support is much lower at 106...
An order to buy #GPBUSD is still relevant and there were no any signals to add volume during the last 24 hours. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
The result of our long position in #EURUSD was fixed when one of the bars was closed under the red Alligator's line. Later it was a breakthrough of the fractal down, where we opened a short position. Find out more by checking out the Source Link...
EUR/USD Buy the Dip? – Westpac According to strategists at Westpac, the current dip in the pair could represent a buying opportunity. Key Quotes “EUR/USD likely handicapped at least temporarily into next week by the upcoming ECB meeting (April 21)”...
BoC and US Retail Sales in Focus - BBH Research Team at BBH, suggests that the North American session features US retail sales and PPI, the Bank of Canada meeting, and the Beige Book later in the session. Key Quotes “After yesterday’s unexpected 6...
CAD: Room for Optimism? - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the CAD has this week rallied to its best level vs. the USD since July 2015 and the recent gains in the oil price have been a big incentive for the CAD...
EUR: Flirting with the Month Long Range - BBH Research Team at BBH, suggests that the euro has yet to convincingly breakout of the range that has confined it this month and that would require a break of the $1.1300 area...
USD/JPY Eyes 112.00 in the Near Term – Westpac According to strategists at Westpac, the pair remains poised to test the 112.00 area in a month’s view...
GBP/USD Outlook Turned to Neutral – UOB The research team at UOB Group has shifted its focus to neutral in GBP/USD. Key Quotes “We turned neutral yesterday but were of the view that the prevalent rebound in GBP has room to extend higher to test 1.4380 and 1.4450”...
EUR/GBP Tumbles to 0.7930 on EUR Weakness EUR/GBP has accelerated its daily decline to the area of 0.7930. or multi-day troughs. EUR/GBP in 2-week lows The European cross is posting weekly losses for the first time after five consecutive advances - including a fresh cycle in the vicinity of 0...
The most striking feature of the latest USD sell-off is that it is not accompanied by any significant adjustment in the market’s Fed rate-hike expectations...
Hello, traders. Today I would like to share about one of trading strategy, base on Support and Resistance levels. As we know, trading in forex markets is not easy. We should always provide time to learn. :) Here I will take a Swing trade for an example. First time when facing the market...
Perfect storm for USD/JPY is a big challenge for the BoJ: Pressure on the Bank of Japan (BoJ) to ease monetary policy is mounting as USD/JPY has declined more than 11% since the beginning of the year, while the nominal effective JPY exchange rate has increased to 2013 levels...
Today’s short position in EURUSD was closed in target booking 750+ pips. While it is never clever going against the trend the reasons why Buying EURUSD has better odds are: It is currently trading in oversold zone ...Read More Capitulation...
UBS maintains its targets for EUR/USD at 1.14 by the end of Q2, and at 1.16 by the end of the year. *UBS AG is a Swiss global financial services company, incorporated in the Canton of Zurich,[2] and co-headquartered in Zurich and Basel...
