Following the Janet Yellen's speech in recent days, we have witnessed a fall in the US dollar against all major currencies. Yellen has made it clear that a rise in interest rates is excluded, at least in the near future, and the markets have taken place rapidly...
Yesterday #EURUSD has once again recorded growth - the market was closed almost at the important resistance level (February extremum). It is recommended to close long positions and stay out of the market before the release of #NFP. Find out more by checking out the Source Link...
AUD/USD: Upside Capped by 0.7680/85, US Jobs Eyed The AUD/USD pair is extending its phase of consolidation in the mid-European session, with the bulls taking a breather heading closer towards the crucial US labour market data. AUD/USD trades below daily pivot at 0...
Around mid-February, BNP Paribas made substantial changes to its forecasts for EURUSD and expected EURUSD to stand at 1.14 at end Q1 (from 1.04) and 1.16 at end-Q2. (Source: BNP Paribas, eFXplus) Today, as EURUSD has broken its year-high of 1...
GBP/USD Keeps Falling, Tumbles to 1.4280 GBP/USD is now accelerating its daily downside, dropping to fresh lows in the 1.4280 area ahead of US Payrolls. GBP/USD amidst ‘Brexit’ and Payrolls The sterling is falling to fresh 3-day lows vs...
Brent Oil Drops on Saudi’s Hardline Stance Oil prices dropped, with Brent now trading well below $40 handle after Saudi’s crown price said his nation would freeze output only if Iran and other nations do so. Rejected at 10-MA Futures were rejected at 10-DMA level of $40...
Dear Traders, Bulls take control of both major currency pairs, although the British pound struggled with an extension of its recent gains. As noted in previous analysis, we still expect the pound to come under renewed pressure in the near-term and we anticipate a drop towards 1.4280 and 1.42...
US Jobs Report will be the Focus for Markets - BBH Research Team at BBH, suggests that the March US jobs report will be the focus for markets today. Key Quotes “Consensus is 205k vs. 242k in February. We think there is risk of an asymmetric market reaction...
EUR/GBP Pushes Higher Near 0.7980 The march north in EUR/GBP continues unabated today, currently testing fresh more than 1-year highs around 0.7980. EUR/GBP boosted by GBP-selling The European cross is trading in levels last seen in late December 2014 near 0...
EUR/USD Rangebound Near-Term – Danske Bank Jens Pedersen, Senior Analyst at Danske Bank, sees the pair in a consolidative pattern prior to resume its upside. Key Quotes “We still stress that time is not yet ripe for a move towards the 1...
Although the commodity complex has been more stable recently and that has removed some downside pressure on the euro via the disinflation channel, we anticipate that other factors will soon come into play. First, the extent of dovish stance by the US FOMC in March took us by surprise...
US Nonfarm Payrolls (MAR) - Fri 4/1 - 08:30 AM ET BofAML: The March employment report likely showed another strong month for the labor market. We anticipate a healthy 190,000 gain in nonfarm payrolls, with the private sector contributing 185,000...
The global impact of US monetary policy [was] evident from the market reaction to Fed Chair Janet Yellen's dovish message this week. Yellen underlined the FOMC's cautious message from a fortnight before. In so doing, she threw more fuel onto the ongoing risk rally...
GBP/USD Extends the Drop to 1.4320 The sterling remains on the defensive on Friday, now sending GBP/USD to the 1.4320 area, or session lows. GBP/USD lower post-PMI, focus on US data The pair is prolonging its recent downside after being rejected from Wednesday’s peaks near 1...
Daily Analysis of Major Pairs for April 1, 2016 EUR/USD: This currency trading instrument has trended upward by 250 pips, testing the resistance line at 1.4000...
EUR/USD: Neutral: Bullish if daily close above 1.1400. The break above the major 1.1375 resistance bodes well for EUR. We have been reluctant in turning bullish but a daily close above 1...
Chinese business activity data to be released Friday morning should be markets’ key focus ahead of US labor data. Overall, we expect both official (CFLP) and onshore private sector (Caixin) measures for manufacturing, and the official (CFLP) services index, to show a modest uptick...
EUR/USD Gathers Pace, Takes-out 1.1400 ahead of NFP The bullish tone behind the EUR gathers pace in the European session, now taking EUR/USD above 1.14 handle, as risk-off sentiment and upbeat PMIs underpin. EUR/USD higher on cross driven strength Currently, EUR/USD trades +0...
Canadian FinMin: Not Considering Further Measures to Tackle Housing Market Risks Speaking in London, Canadian finance ministry Morneau commented on Canada’s overall economic conditions as well as on oil markets...
