The only thing worse for longs than a rising wedge is an upward sloping flag. Don’t get me wrong. Ascending and descending channels form all the time in trending markets...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: The break below 1.1310, the 21-dma, encourages our bearish view towards initial targets near 1.1210 and then the 1...
The euro’s attempt to break higher against the US dollar following the more dovish policy signal form the Fed has failed in the near-term, notes BTMU. "As a result EUR/USD continues to remain range bound...
There are three reasons why the recent JPY uptrend may be turning: FX valuation, BoJ QE3 and FX flows. Here, we focus on the first two factors while FX flows will be discussed in a subsequent report. The latest JPY rally partly reflected excessive undervaluation fears...
USD/CHF Steady Around 0.9660 The Swiss franc is practically unchanged against the US dollar after moving during all Thursday in a small range, in a session of limited price action moves. USD/CHF peaked during the Asian session at 0.9687, the strongest since March 29, then it pulled back...
Analytical Review of JPMorgan Chase & Co.'s Shares JPMorgan Chase & Co., #JPM [NYSE] Finances, Banking, USA Financial performance: Index –DJIA, S&P 500; Beta – 1.65...
NZD/USD: Bullish Above Classic S3 at 0.6838 NZD/USD is chipping away at the 0.69 handle to the upside within the ascending channel formed as a recovery of the 2016 downtrend...
USD/JPY: Sentiment Back with the Long Side - BTMU Analysts at Bank of Tokyo Mitsubishi explained that USD/JPY has recently pulled back to the 109 level due to relaxing in USD selling and JPY buying...
GBP/USD: Participants Being Opportunistic in Adjusting Exposure - BBH Analysts from Brown Brother Harriman see market participants being opportunistic in adjusting sterling exposures and affirm that data suggests that in the options market puts are being bought...
EUR/USD Upside Losing Conviction and Range-Bound - BTMU Analysts at Bank of Tokyo Mitsubishi explained that the euro’s attempt to break higher against the US dollar following the more dovish policy signal form the Fed has failed in the near-term...
USD/JPY Hits Fresh Lows Under 109.00 and Rebounds USD/JPY turned to the downside despite some US dollar strength in the market. During the American session broke below 109.00 (previous daily low) and dropped to 108.89, hitting a fresh low. Afterwards, it rebounded, rising back above 109.00...
GBP/USD in Consolidation Mode Around 1.4150 GBP/USD has steadied within a narrow range over the last hours after recovering from 4-day lows struck during the European session. Cable bottomed out at 1.4089 but managed to regain the 1...
FxWirePro: Gold Retreats from Daily High, Outlook Bearish Gold prices retreated in US session on Thursday as dollar continued to strengthen across the board as the greenback held onto gains after its biggest one day rally in over a month...
EUR/USD, USD/JPY Game Plan for the Weeks Ahead Talking Points: - Two weeks from now brings the Bank of Japan (April 27th-28th), and the Fed (April 26th-27th), and there is a strong chance that this will be the next big instigator of volatility...
S&P500: Short-Term Correction is Possible This week, the index S&P500 has again reached annual highs, regaining the losses incurred since the beginning of this year. The index has almost approached the highs of December 2015 at the level of 2108...
S&P500: Positive Dynamics Continues Dynamics of the global stock exchanges has supported expectations of the positive outcome of the upcoming meeting of Big 20 and a meeting of the large oil producing countries in Doha...
FxWirePro: GBP/USD Gains Some Upside Momentum But Still Bearish The GBP/USD pair fell as low as 1.4090 during the European afternoon, however the pair found some upside momentum following BOE's 9-0 vote to keep interest at record low of 0.50 percent...
FxWirePro: USD/JPY Loses Some Momentum But Bias Remains Bullish USD/JPY pair inched higher in Asian session up to 119.50, but declined slightly after in the early US session after US core inflation printed negative figures...
