USD/CAD technical set-up points to the possibility of being the first leg of a correction, notes Goldman Sachs. "In January, the market completed a multi-year 5-wave sequence that had started at the Jul. ’11 low. This look very similar to the 5-waves on the Trade Weighted USD chart...
News of the explosions in Brussels has unnerved investors today with the major European indices all trading lower and safe haven gold higher, though both assets are off their daily extremes. Indeed, the precious metal has so far only found moderate support from this source...
BNP Paribas continues to favour fading AUD resilience and remain long EURAUD via options. "This is also in line with STEER, our shortterm fair value model, which currently has the AUDUSD short-term fair value at 0.7365. Furthermore, Australian Q4 house prices moderated to 0.2% q/q from 2.0...
Central Bank inability or reluctance to weaken their currencies is radically changing the outlook for most currencies in 2016...
The euro has taken back the initiative against pound sterling after a soft start to March and is likely to continue its ascent until mid-year 2016. The marketplace for the pound and euro remains structurally biased in favour of the single currency studies show...
According to Fed’s Williams both April and June have the potential for rate hikes. He added that the US economy is looking great in isolation and that it proved remarkably resilient to global factors. He added that if it weren’t for global factors, they would have hiked sooner...
A result of our long position in #GPBUSD was fixed with loss at 1.4371. Soon a downward movement continued, and we opened an order to sell. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
A short position in #USDJPY may be closed soon. If the upward movement continues, we will have a good point to close with a #profit. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
The terror bombings in Brussels are impacting sterling. The link between the pound and social events in Europe is strong ahead of the UK's watershed vote on EU membership due in the middle of the year...
Cable is not the only major USD rate suffering a volatile session this morning, with USD/CAD now some 70 cents off the highs after a sharp rally to 1.3135-40, and the pull-back equally swift...
GBP/USD Hovers Below 50% Fibo GBP/USD avoided fresh sell-off despite weaker-than-expected UK CPI, but stays on a weak footing around 1.4284 (50% Fibo of post Fed rally). Supported by 38.2% Fibo The sell-off in Cable came to a halt around 1.4255 (38.2% of 1.3835-1...
EUR/USD Extends the Rebound From 1.1190 After bottoming out in the proximity of 1.1180 earlier in the session, EUR/USD has pulled itself together and is now advancing above the 1.1200 handle...
EUR/USD Breaks Major Support 1.1207, Decline Till 1.1100 Is Possible Major support – 1.12070 (trend line joining 1.12558 and 1.12355) Major intraday support – 1.1260 The pair has broken 1.12070 and declined till 1.1883 at the time of writing. It is currently trading around 1.12063...
EUR/JPY Prints Session Low Below 125.00 The EUR/JPY pair hit a low of 124.67 in Europe after the news of a terror attack in Brussels triggered a sell-off in EUR/USD and USD/JPY pair. Hovers above 125.00 The cross now trades around 125...
Morten Helt, Senior Analyst at Danske Bank, sees the cross slipping towards 0.7300 in a year’s view. “Given the high uncertainty surrounding the EU referendum, we see risks skewed to the upside for EUR/GBP ahead of 23 June”...
EUR/USD Now Focused on 1.1200 – UOB The research team at UOB Group has now turned its attention to a potential break below the 1.1200 key support. Key Quotes “While the price action after last Thursday’s peak of 1...
#EURUSD continued its downward retracement. At this moment the pair reached the support line of the current short-term uptrend, where the bulls may take retaliatory action. We will consider purchases from the #trend line if the corresponding signals are received from the #indicators...
Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair’s rebound could find resistance around 114.16. “USD/JPY’s daily RSI has not confirmed the new low at 110.67”...
USDX Technical Analysis for March 22, 2016 The Dollar index remains in a bearish trend since early Decemeber of 2015. Price is making lower lows and lower highs. The short-term trend remains bearish while the longer-term trend is still neutral as price is trapped inside a trading range...
