Small traders hold their largest Australian dollar net long position since the April 2013 top at 1.1080. A multi-year high in net-long posi...Continue Reading...
The U.S. Dollar is at risk for further losses after reversing off near-term confluence resistance. Here are the updated targets & invalidation levels that matter. Continue Reading...
Currency investors should consider buying USD/JPY this week, advises Morgan Stanley in its weekly FX pick to clients. "We recommend buying USD/JPY with a target of 117.00 and a stop at 110.50. Our ARIA indicator points to stronger February US economic data...
The Euro looks vulnerable to deeper losses after edging below trend line support guiding the upswing against the US Dollar since early March. Prices now look poised to probe below the 1.11 figure after producing a would-be double top near the 1.13 mark. Near-term support is at 1.1094, the 23...
We wrote on the RMB in early February, when fears over the potential for a large, one-off devaluation were at their peak...
It is a short week - at least for the world’s financial markets, if not for the rest of us. But the Easter break often sets the tone for global economic trends later in the year. After a disappointing opening to the year, the past five weeks have seen reasonable recovery in spirits...
Oil enthusiasts haven’t been jumping on board the latest rally. As crude has soared 50 percent since Feb. 11, the number of bets on increased prices has barely budged. Instead, the upward pressure on prices appears to have come from traders cashing out of bearish wagers at an unprecedented pace...
After appearing to start the year on strong footing, it now seems like personal income and spending south of the border haven’t been all that strong after all. Both income and spending were weak in February, however revisions also wiped out just about all of the gains observed in January...
Last week’s MoF data continued to signal strong appetite for foreign securities, with Japanese investors purchasing some JPY 2.3 trn in foreign dent on the week ended March 18, notes BNP Paribas...
Individual markets are very specific in their behavior, so it is surprising how traders generalized one behavior for different markets. It is not only about biases like trending or ranging markets, but also impact of news on price and market...
After a vertiginous fall, the USD/JPY tested its 111 support three times and remained capped at 115, forming a new consolidation phase...
Research Team at Nomura, notes that the US university of Michigan consumer sentiment in the preliminary reading declined modestly to 90.0 from 91.7 as consumers raised concerns about “prospects for the economy as well as the expectation that gas prices would inch upward...
Research Team at BBH, notes that many discussions talk about the state of the Eurozone economy as if it were Japan, struggling to sustain positive growth. “The eurozone growth was 1.6% last year after 1.0% in 2014 and 0.6% in 2013. While measures of trend growth vary, the 1...
Research Team at Nomura, notes that the US ISM manufacturing showed a meaningful pickup in February, increasing by 1.3 points to 49.5. “Although a reading below 50 suggests manufacturing activity is still contracting, the pace of the decline seems to be slowing...
Research Team at BNZ, lists down the key economic releases for the NZ this week. “Building Consents (Feb) – 30 March Residential building consents fell in January by more than we anticipated. Non-residential consents also came in on the weak side...
USDCHF is currently approaching the resistance level 0.9800 which was set as the buy target in our previous forecast for this currency pair. If the price breaks above the resistance level 0.9800 - USDCHF can then rise to the next buy target 0.9900 (Chernovolov, FxBazooka...
Research Team at Nomura, suggests that the slowdown in US jobs growth in January proved to be transitory as the pace of job gains picked up notably in February. “In March, employment indicators from the manufacturing sector point to fewer layoffs...
Technical Analysis of CAD/CHF for March 28, 2016 CAD/CHF broke below the 200 Moving average and it is currently trading lower suggesting that the trend is down. Applying two Fibonacci channels, it is obvious that price broke below the 161...
Research Team at Danske Bank, suggests that according to preliminary data, Russia’s GDP shrank 3.7% y/y in 2015 versus 0.6% y/y growth in 2014. “The path of economic contraction continues to slow. GDP shrank 2.5% y/y In January 2016 versus a 3.5% y/y fall in December 2015...
