The BoC is widely expected to hold the overnight rate target unchanged at 0.5% on Wednesday. A recent string of positive data releases, including a strong employment report last week, has taken pressure off the BoC to ease further...
We expect the continued low inflation in the euro area to eventually trigger additional easing from the ECB, but we do not expect the ECB to address this by rate cuts...
Gold Stuck Between Hawkish Fed Speak and Dismal IMF Report Gold looks trapped between hawkish comments from Fed officials and bearish global growth forecasts published by the International Monetary Fund (IMF...
USD/CAD Aims to Further Weakness – Scotiabank FX Strategist at Scotiabank Eric Theoret sees USD/CAD could slip towards lower levels in the near term. Key Quotes “Signals are broadly bearish and all eyes are on the October 2015 low at 1.2832”...
USD/CHF: Near the Level of 0.9565 Last week, the pair USD/CHF has broken out strong resistance level of 0.9565, which is crossed by moving average lines ЕМА200, ЕМА144 and bottom limit of the descending channel on the weekly chart...
GBP/USD: The Pair is Unlikely to Exceed the Level of 1.4300 On the daily chart the rise in the pair GBP/USD is prevented by two strong resistance levels of 1.4300 (ЕМА50), 1.4385 (Fibonacci 38.2% to the decline from the level of 1.5230 since mid-December 2015...
The commodity currencies continue to gradually gain ground against the USD this week, notes BNP Paribas. "This comes against a backdrop of stable equity markets but a rebound of several key commodity prices," BNPP adds...
Both EUR and GBP remained fairly resilient against the USD and the apparent driver seems to be investors’ growing belief that neither the ECB nor the BoE are likely to announce aggressive easing anytime soon...
USD/JPY: Testing the Limits of FX Intervention - UBS UBS analyst team pointed out that their bullish USD/JPY view is being challenged by strong negative momentum after the USD/JPY broke below the key support level of 110 last week...
US Dollar Retakes 94.00 and Beyond The greenback, gauged by the US Dollar Index, has recovered the smile today, bouncing off multi-month lows and advancing above the 94.00 mark. US Dollar attention to Fedspeak USD-bulls seem to be buying the recent dip towards the vicinity of 93...
Bulls in #USDJPY seem to have calmed down – the 107.60 support level is held. However, until we will see a breakthrough of any significant resistance level and some uptrend signs, it is too early to talk about it. Find out more by checking out the Source Link...
The graphic pattern "triangle" in #USDCAD is ready for implementation. The breakthrough of the semi-annual low can start a full-scale attack of the sellers. It is recommended to open short positions in a case of the daily closure below the lowest level since October 2015...
GBP/USD Retraces Gains, Dips Back Below 1.4300 GBP/USD was rejected from the 1.4345 zone and retraced most of its UK CPI-inspired gains over the last hours, as the greenback strengthened versus its European peers. GBP/USD failed to hold above the 1.43 level and slid toward the 1...
Jane Foley, Research Analyst at Rabobank, suggests that following the G20 meetings earlier this year there were plenty of rumours that the US had demanded that other central banks ease back from monetary policies that led to USD strength...
Technical Analysis of GBP/NZD for April 12, 2016 After the breakout of the uptrend trend line, the price dropped substantially and the pair found the support at 0% (S2) Fibonacci level applied to the trend line's breakout point. At the same time, a strong support is formed at the 361...
EUR/USD Putting 1.14 to the Test The shared currency continues to shed ground vs. the greenback today, now taking EUR/USD to test session lows in sub-1.1400 levels...
