"EURGBP almost reached our 0.80 target, suggesting there was a need for a turnaround. The pair has now broken through the bottom end of the recent trend channel so we now focus on potential retracement targets.0.7567 is the 38.2% retracement level and also the bottom end of a consolidation area...
In our view, the mix of strong jobs growth, modest wage inflation and rising labour force participation is perfect for risk markets...
The GBPUSD ended last weeks trading at the lows for the week and at the lowest level since March of 2009. On Monday that low was extended from 1.3852 to 1.3840 and then 1.3835, but when the momentum could not be sustained, the pair rallied higher to the 100 hour MA (blue line in the chart above...
Pivot Points-Hourly Last Updated: Mar 4, 10:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09712 1.09827 1.0988 1.09942 1.09995 1.10057 1.10172 USD/JPY 113.438 113.77 113.977 114.102 114.309 114.434 114.766 GBP/USD 1.41679 1.41901 1.42026 1.42123 1.42248 1.42345 1.42567 USD/CHF 0.99173 0...
The Bank of Canada (BoC) held rates at 0.50% in January, despite expectations for an ease, preferring to see the details and impact of the coming fiscal stimulus before acting...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: We prefer to fade upticks against resistance in the 1.1050 area and look for a move below 1...
The EUR/USD has had a fairly positive end to the week and finishing off with a very volatile day today due to the nonfarm payrolls and other US economic news releases. The price is now sitting on the 200 EMA where it has formed a shooting star candlestick formation and is looking to drop...
EURJPY: Having the cross followed through higher on the back of its Thursday strength, further bullishness is likely. Support comes in at the 125.00 level where a break will aim at the 124.50 level. A turn below here will target the 124.00 level with a breach turning focus to the 123.50 level...
The declining level of trust among Americans may have contributed to reduced flexibility in the U.S. labor market over the last several decades, according to a Federal Reserve working paper...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, EUR/JPY, AUD/USD, NZD/USD, and USD/CAD. EUR/USD: is still trading bid, with weak shorts being squeezed out in an increasingly crowded trade ahead of the ECB meeting. We favour selling around 1...
The NZD remained supported mainly on the back of improving risk sentiment and stabilising commodity prices. Next week all eyes will be on the RBNZ rate announcement. Although inflation expectations fell to the lowest level since 1994, we expect the central bank to keep rates unchanged at 2.50...
Our long position in #GPBUSD is still in the market. Among signals to add volume we can call «green zone» signals, as well as «2 green bars above zero» on the АС. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
We have added volume to an order to buy #USDJPY from 114.01 in accordance with a signal «3 green bars below zero». Meanwhile, the market is almost frozen. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Estimated level: Support (S1 / S2 / S3 = 0,9896 / 74/39), resistance (R1 / R2 / R3 = 0,9965 / 87 / 1.0021). Key resistance levels (1st from 0.9981 to 0.9927 late in the day, the 2nd of 0.9982 to 0.9949...
Calculated level for today: Support (S1 / S2 / S3 = 1244,67 / 1237,39 / 1225,59), resistance (R1 / R2 / R3 = 1268,26 / 1275,54 / 1287,33). Key support levels (1st from 1236.48 to 1249.63 at the end of the day, the 2nd ox 1234.46 to 1242.66...
Technical Analysis of NZD/USD for March 04, 2016 Overview: The NZD/USD pair faced resistance at the level of 0.6774, while minor resistance is seen at 0.6750. Support is found at the levels of 0.6729 and 0.6693. Pivot point has already been set at the level of 0.6750...
Technical Analysis of USD/CHF for March 04, 2016 Overview: The USD/CHF pair was trading around the area of 0.9887 a week ago. Today, the level of 0.9887 represents a daily support in the H1 time frame. The pair has already formed the minor resistance at 0...
The 4 hour USD/CAD Chart shows the price is hugging the declining support line. The price has been range trading between the support and resistance since the end of January. However, price looks to be making a continuation upwards to continue with its long term bullish trend...
USD/JPY is higher following the release of revised US economic data but its topside remains heavy because market participants are still not confident about the Fed and BoJ’s next moves. "Next week’s ECB meeting may not affect USD/JPY as much as it did in December, though EUR/JPY did rise then...
Calculated level for today: Support (S1 / S2 / S3 = 36,44 / 15 / 35.67) and resistance (R1 / R2 / R3 = 37,40 / 69 / 37.17). Key level (1st from 36.77 to 36.90 at the end of the day, the 2nd of 35.28 to 36.73...
