Research Team at TDS, notes that the Australian employment in February stood still (+300) with a shift from part-time (-15.6k) into full-time (+15.9k). Key Quotes “A slide in the participation rate from 65.1% to 64.9% saw the unemployment rate dip from 6.0% back to 5.8...
Research Team at TDS, suggests that following the FOMC meeting last night, this week's long list of central bank meetings continues with three meetings on the agenda today. Key Quotes “We expect Norges Bank to cut its key rate by 25bp to 0.50% at the rate-setting meeting...
Daily Analysis of Major Pairs for March 17, 2016 EUR/USD: The EUR/USD pair broke upwards on Wednesday, ending the short-term consolidation phase in the market. The price is now above the support line at 1.1200, going towards other resistance lines at 1.1250 and 1.1300...
As expected, as a result of yesterday's #Fed meeting, the interest rate remains unchanged. Cautious statements of Yellen's speech and the accompanying statement led to a wave of #dollar sales, which continues today. Find out more by checking out the Source Link...
Daily Analysis of USDX for March 17, 2016 On the H1 chart, USDX is forming a lower low pattern below the resistance level of 96.03, in an effort to do a bearish continuation towards new lows...
Daily Analysis of GBP/USD for March 17, 2016 GBP/USD had a bullish momentum above the 1.4000 psychological zone and a consolidation above the 200 SMA at the H1 chart is ongoing...
The Federal Reserve held its benchmark lending rate steady Wednesday. Newly released economic projections indicated there would be two interest-rate increases this year, compared with four projected increases when officials met in December. Here’s what economists had to say...
EURUSD Daily Forecast: March 17 2016 EURUSD Forecast The EURUSD had a strong bullish momentum yesterday after a rejection to make a clear break below 1.1065 support area as you can see on my H1 chart below. The bias is bullish in nearest term testing the trend line resistance and 1.1300 region...
GBPUSD Daily Forecast: March 17 2016 GBPUSD Forecast The GBPUSD attempted to push lower yesterday bottomed at 1.4052 but whipsawed to the upside and closed higher at 1.4255. As long as stays below 1.4300 the bearish phase should remain valid but this fact could be seen as a false break below 1...
USDJPY Daily Forecast: March 17 2016 USDJPY Forecast The USDJPY attempted to push higher yesterday topped at 113.81 but whipsawed to the downside and closed lower at 112.53. The bias remains neutral in nearest term and the best strategy for me remains to buy around 112.50 or sell around 114...
USDCHF Daily Forecast: March 17 2016 USDCHF Forecast The USDCHF had a bearish momentum yesterday bottomed at 0.9750. The bias is bearish in nearest term testing 0.9700 before targeting 0.9600 region. Immediate resistance is seen around 0.9820...
GOLD: With GOLD rallying on Wednesday, we expect more upside pressure in the days ahead. to hold on to its downside pressure, further decline is envisaged. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level...
The euro is now expected to weaken to parity with USD, and its all because of those banks again.. US investment bank Morgan Stanley have taken an island stance remote from other major banks in calling parity for the EUR/USD by the end of 2016...
The pound to dollar exchange rate (GBPUSD) has bounced by an eye-opening 0.8% in the wake of the US Federal Reserve’s March policy meeting. At the time of writing GBP/USD is at 1.4271 ensuring much of this week’s weakness is reversed...
On balance, the Fed’s communication was more dovish than expected, with a weaker tone on growth, but hints of a bit more concern on inflation...
As expected the Fed held rates unchanged, but in a dovish twist is now predicting only two rate hikes in 2016 vs four back in December according to the median of the dot plots...
As we head into yet another important FOMC statement, I wanted to bring up a currency pair that is somewhat sheltered from any Fed-induced volatility. I have mentioned AUDNZD several times since November of last year...
Analysts at J P Morgan see the AUD/USD trough lows holding, and the tentative up-trend advancing, although upside progress will probably be slow...
