(Bloomberg) -- Bank of Japan’s decision today has had a limited market impact given that there was no surprise, says Hideo Suzuki, chief manager, forex and financial products trading at Mitsubishi UFJ Trust and Banking...
Daily Analysis of GBP/USD for March 15, 2016 GBP/USD seems to be trading inside a corrective move towards the support level of 1.4267, where a rebound should happen to resume the bullish bias. The H1 chart is still pointing to the upside and the pair can perform a breakout above the level of 1...
Over the next three months or so, EUR trading will likely depend on three factors: i) efficacy of the ECB policy package, ii) external environment, especially Fed policy and risk sentiment, and iii) ECB willingness to ease further, including rate cuts, when necessary...
Global equity markets have increased their gains at the start of the week, with European indices closing between 0.3 to 1.6 per cent higher today. In the US, shares on Wall Street were trading higher at the time of this writing...
BoJ in 'Wait-and-See' Mode, Removes Negative Rates Language Following last month's surprising decision, today's Bank of Japan monetary policy meeting saw no changes, keeping the interest rate at -0.1% and maintaining 80 trln yen base money target...
EURUSD Daily Forecast: March 15 2016 EURUSD Forecast The EURUSD had a bearish momentum yesterday bottomed at 1.1077. The bias is 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...
GBPUSD Daily Forecast: March 15 2016 GBPUSD Forecast The GBPUSD failed to continue its bullish momentum yesterday and hit 1.4271 earlier today. The bias is bearish in nearest term testing 1.1.4230. A clear break and daily close below that area could trigger further bearish pressure testing 1...
USDJPY Daily Forecast: March 15 2016 USDJPY Forecast The USDJPY was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term probably with a little bullish bias testing 114.50...
USDCHF Daily Forecast: March 15 2016 USDCHF Forecast The USDCHF was corrected higher yesterday topped at 0.9881. The bias is neutral in nearest term probably with a little bullish bias testing 0.9930/50 but as long as stays below 1...
AUDUSD. Having the pair capped its strength at 0.7593 level to close lower on Monday, a move further lower is now underway. On the downside, support resides at the 0.7450 level where a breach will aim at the 0.7400 level. Below that level will set the stage for a run at the 0...
Calculated level for today: Support (S1 / S2 / S3 = 39,36 / 38,97 / 33), resistance (R1 / R2 / R3 = 40,64 / 41,03 / 67). Key resistance levels (1st from 40.63 to 39.95 at the end of the day, the 2nd of 40.70 to 40.23...
Calculated data levels: Support (S1 / S2 / S3 = 113,57 / 45/26), resistance (R1 / R2 / R3 = 113,95 / 114,07 / 26). Key support levels (1st from 113.52 to 113.73 at the end of the day, the 2nd of 113.45 to 113.30...
Calculated levels today: Support (S1 / S2 / S3 = 0,9811 / 16 / 0.9792) and resistance (R1 / R2 / R3 = 0,9880 / 95 / .9920). Key resistance levels (1st from 0.9840 to 0.9845 late in the day, the 2nd of 0.9946 to 0.9853...
Calculated level for today: Support (S1 / S2 / S3 = 1,4290 / 68/31), resistance (R1 / R2 / R3 = 1,4364 / 86 / 1.4423). Key support levels (1st from 1.4350 to 1.4344 late in the day, the 2nd of 1.4276 to 1.4336...
Calculated levels today: Support (S1 / S2 / S3 = 1.1080 / 57/19), resistance (R1 / R2 / R3 = 1.1156 / 79 / 1.1216). Key level (1st from 1.1143 to 1.1116 late in the day, the 2nd of 1.1019 to 1.1147...
Calculated level for today: Support (S1 / S2 / S3 = 1229,53 / 1222,03 / 1209,88), resistance (R1 / R2 / R3 = 1253,83 / 1261,01 / 1273,43). Key resistance levels (1st from 1259.77 to 1244.56 at the end of the day, the 2nd ox 1262.22 to 1255.92...
GBP/CHF's chart is showing a bullish bias ahead of the SNB meeting. The formation of a reversal pattern on the weekly chart of GBP/CHF is indicating the pound could rise versus the Swiss France over coming weeks...
Bank of Canada staff concluded in a Monday research paper on the Predictive Ability of Commodity Prices for the Canadian Dollar, that USD multilateral fluctuations better predict CAD-USD movements than do commodity prices, although the latter are "important drivers" of the loonie...