There is no trade call for the session. Last week saw downside in the USD without any fundamental catalyst, and upside in AUD and GBP. Today’s session is light and provides opportunity to analyse potential market moves for the week...
After Friday’s brief test of the vicinity of 1.3300 the figure, USD/CAD has rebounded to the 1.3350 area, where it is now looking to consolidate...
Bank of Japan (BOJ) governor Kuroda was back on the wires stating the central bank is not looking to initiate more easing right now. However, Kuroda maintained the bank will adjust policy without hesitation in future if needed...
Risk rally continues though the momentum on equities has died out a bit this morning. The most obvious reason is Japan, equities have stalled after Kuroda speech where he plainly said they would need to see the effects of their last move to weigh other options...
The most important event of this week is a meeting of the European Central Bank, as a result of which new teps to stimulate the economy can be taken. China will publish a number of important statistics, which can seriously affect the dynamics of the financial markets...
The Aussie held early weakness in Asia on Monday after a disappointing survey on construction activity and mixed views on China's economic plans for 2016. AUD/USD traded at 0.7414, down 0.32%, while USD/JPY changed hands at 113.72, down 0.04...
The franc has been on the back-foot of late, mainly on the back of stabilising risk sentiment. Next week, it will become more active in terms of domestic data releases. Both employment and inflation data will attract attention...
We lay out scenarios for EUR/$ for different outcomes on Thursday. Above all, after a year of mixed messages, the ECB needs to signal that it is serious about pursuing its inflation mandate, including via a stepped up pace of monthly QE purchases...
The market pricing for ECB rates is similar or more aggressive than to pre-December ECB meeting (and similar to our economists’ call). But I got this feeling last week that people will remember and short covering the EUR, which indeed started happening...
Crdit Suisse's Economics team expects significant policy easing from the ECB next Thursday, with: 1- a rate cut – a 10bp cut in the deposit rate, to -0...
EUR/USD: Neutral: Bullish only if daily close above 1.1005/10. We are sticking to view wherein only a daily closing above 1.1005/10 would shift the current neutral EUR outlook to bullish (closing was 1.1000 last Friday...
EUR/USD was under pressure as the tension towards the ECB's meeting, the main event of the upcoming week but certainly took advantage of the greenback's weakness. Will Draghi drag the euro down or will it bounce like in December...
Pivot Points DAILY Last Updated: Mar 7, 7:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.0701 1.08413 1.09209 1.09816 1.10612 1.11219 1.12622 USD/JPY 111.435 112.571 113.168 113.707 114.304 114.843 115.979 GBP/USD 1.39084 1.40501 1.4136 1.41918 1.42777 1.43335 1.44752 USD/CHF 0.97115 0.9821 0...
Weekly Trading Forecast: China, ECB Decision and Dollar Stability to Test FX Market Volatility The fundamental focus will shift temporarily from the Dollar over the coming week - just as trend pressure comes into view - with China's NPC meeting and the ECB rate decision drawing traders' anxiety...
EURUSD Daily Forecast: March 07 2016 EURUSD Forecast The EURUSD failed to continue its bearish momentum last week topped at 1.1043 after formed two Dojis as you can see on my daily chart below. The bias is neutral in nearest term but as long as stays above 1...
GBPUSD Daily Forecast: March 07 2016 GBPUSD Forecast The GBPUSD had a bullish momentum last week topped at 1.4248. The bias is bullish in nearest term testing 1.4300 area. Immediate support is seen around 1.4175...
USDJPY Daily Forecast: March 07 2016 USDJPY Forecast The USDJPY was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but overall price is still in a bullish phase since formed a double bottom formation as you can see on my daily chart below...
USDCHF Daily Forecast: March 07 2016 USDCHF Forecast The USDCHF was indecisive last week. The bias is neutral in nearest term but as long as stays below 1.0000/35 I still prefer a bearish scenario at this phase targeting 0.9820 area. Immediate resistance is seen around 0.9955...
GOLD: With GOLD closing higher the past week (see weekly chart), further strength is expected. However, while it trades below the 1263.00/1279.00 resistance zone, risk of a move lower is likely. On the downside, support comes in at the 1250.00 level where a break will turn attention to the 1240...
