Calculated levels today: Support (S1 / S2 / S3 = 0,9852 / 41/23), resistance (R1 / R2 / R3 = 0,9888 / 99 / .9917). Key support levels (1st from 0.9853 to 0.9868 late in the day, the 2nd of 0.9845 to 0.9848...
Розрахункові денні рівні: підтримки (S1/S2/S3=112,74/38/111.80), опору (R1/R2/R3=113,90/114,26/84). Ключові рівні опору (1-й від 113,30 до 113,14 в кінці дня, 2-й від 113,73 до 113,38...
Several factors suggest CAD risks are still skewed to the downside. First, the sharp reversal in CAD/USD makes the currency prone to some payback, in our view, and markets are still short on net...
Technical analysis of USD/CAD for March 16, 2016 General overview for 16/03/2016: The projected target for the wave B at the 1.3383 level has been hit as expected. Nevertheless, the market might extend the corrective cycle even higher towards the level of 1.3446...
The Fed is likely to tactically delay normalization at the March FOMC meeting, with three 2016 hikes in the updated dot plot. --The FOMC should continue evaluating global risks, whereas a more "balanced" assessment would lift front-end rates...
CPI: We expect the headline CPI to have fallen 0.2% m/m on account of sharply lower seasonally adjusted prices for retail gasoline. We look for core CPI to be up a modest 0.1% m/m, as we expect the January strength in core goods to reverse in this month’s release...
EUR/USD: Bullish: Upside likely limited to 1.1245. There is no much to add as EUR traded quietly yesterday. While the outlook is still bullish, upward momentum is clearly not very strong and as mentioned in recent updates, any upmove is likely limited to 1.1245...
Yesterday, global core bond markets consolidated further ahead of the Fed meeting, but German bonds underperformed US Treasuries. Initially core bonds gained marginally on weaker oil and equity prices. US Treasuries briefly rallied on weak US retail sales . However, the bid dried up soon...
Today, the U.S. Federal Reserve will complete its two-day meeting on the monetary policy. Prior to this important event, the #dollar #index is increasing. However, a much more important question is how the #currency will behave itself after meeting results...
Technical Analysis of EUR/USD for March 16, 2016 When the European market opens, some economic news will be released such as the German 10-y Bond Auction...
Technical Analysis of USD/JPY for March 16, 2016 In Asia, Japan will not release any economic data but the US will release some economic data such as the Federal Funds Rate, FOMC Statement, FOMC Economic Projections, Crude Oil Inventories, Industrial Production m/m, Capacity Utilization Rate, Hou...
Technical Analysis of EUR/JPY for March 16, 2016 Technical outlook and chart setups: The EUR/JPY has dropped lower towards 125.00 levels as expected and discussed earlier, before pulling back. The pair is seen to be trading at 125.90 levels but intraday rallies should remain well capped below 127...
Technical Analysis of GBP/CHF for March 16, 2016 Technical outlook and chart setups: The GBP/CHF pair has dropped below 1.4000 levels beyond what was expected and discussed earlier, but the pair is still above 1.3900 levels and that makes a valid case for a Wave 4 correction...
Daily analysis of USDX for March 16, 2016 USDX is extending the corrective bullish move towards the 200 SMA zone at the H1 chart, which is very close to the resistance level of 96.98...
Daily Analysis of GBP/USD for March 16, 2016 The H1 chart is still showing a strong support around the 1.4141 level, where a rebound can happen towards the resistance zone of 1.4190, in order to attempt a breakout higher to resume the overall bullish bias...
It was an extraordinary week for the Australian Dollar. It started on a bad note with Building Approvals disappointing the market with a negative 7.5 vs a negative 2.9% expected. Chinese manufacturing PMI didn’t help with a lower than expected print in the same day...
EURUSD Daily Forecast: March 16 2016 EURUSD Forecast The EURUSD was indecisive yesterday. The bias remains bearish in nearest term but as long as stays above 1.1065 price is still in a bullish phase targeting a trend line resistance located around 1.1300 area as you can see on my H1 chart below...
GBPUSD Daily Forecast: March 16 2016 GBPUSD Forecast The GBPUSD continued its bearish momentum yesterday bottomed at 1.4138 and slipped below 1.4130 earlier today. The bias remains bearish in nearest term especially if price able to make a clear break and consistent movement below 1...
