USDCHF Daily Forecast: March 22 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias is neutral in nearest term but overall I remain bearish with nearest target seen around 0.9570 area. Immediate resistance is seen around 0.9730...
Support & Resistance Indexes (Update) Last updated: Mar 21, 1:44 pm +03:00 S - Strong | M - Moderate...
Pivot Points - Daily Last Updated: Mar 22, 4:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11511 1.12016 1.12205 1.12521 1.1271 1.13026 1.13531 USD/JPY 110.185 110.943 111.435 111.701 112.193 112.459 113.217 GBP/USD 1.4195 1.42969 1.43316 1.43988 1.44335 1.45007 1.46026 USD/CHF 0.95902 0...
Derek Holt, vice president of economics at Scotiabank, doesn't mince words with his thoughts about the Federal Reserve's now-infamous "dot plot...
The FX market is confusing this year. More easing by the BoJ, the RBNZ, the Riksbank, the ECB and the Norges Bank, led to stronger currencies, despite delivering more than markets had expected in all cases...
The US dollar rose further against the yen during the American session as stocks in Wall Street consolidate gains. USD/JPY hit a fresh daily high at 111.92 and it was standing near the top, eying 112.00...
The pound's solid fundamentals will shine through by the end of the year end, leading some analysts to forecast a fall to 0.72 versus the euro. The pound has untapped potential according to the Norwegian Bank DNB SA...
According to analysts from Danske Bank, Brexit could trigger a downgrade in UK sovereign rating but might not necessarily change foreign investors’s appetite for Gilts dramatically...
Our CORAX positioning report neatly summarized the lack of currency market conviction as position squaring was rampant into the Fed. However investors held onto yen longs after the BoJ meeting and sold NZD in size after the surprise RBNZ cut so markets are not completely dormant yet. What next...
Shaun Osborne Chief FX Strategist at Scotiabank explained that sterling finds itself at the bottom of the overnight performance league, reflecting renewed difficulties on the home political front...
Analysts at UOB Group noted that the dollar rose against most major currencies on Friday, recovering from a five-month low. "EUR/USD saw lows of 1.1256, after ECB’s Praet says interest rates have not reached their lower limit and a rate cut remains part of the ECB armoury...
Given negative economic fundamentals, political woes and the looming threat of a credit rating downgrade the outlook argues for a weakening of the rand against the pound sterling. The charts, however, are not nearly so clear-cut...
Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that they note that CFTC positioning has deteriorated for the first time in six weeks. "...with a sizeable reduction in JPY longs and modest build in shorts...
According to analysts from Danske Bank, in a three-month horizon, US yields have little scope to rise. “The dovish message was a relatively big surprise as the US data have improved, risk sentiment has rebounded and core inflation has accelerated...
*Westpac Bank, Westpac Banking Corporation — one of the largest banks in Australia, members of the "big four" banks and the second largest Bank in New Zealand. Below are the latest forecasts on currency pairs from Westpac. ** Westpac projections, last update 18th of March...
GBP has come under fire at the start of the week on political developments but eyes are already focussed on the all-important inflation data out on Tuesday. GBP still on course to record a decent month’s recovery against both USD and EUR Pound to dollar exchange rate down half a percent at 1...
Analysts at Rabobank offered the IMM Net Speculators’ Positioning as at 15 March 2016. "EUR shorts have now increased for a third consecutive week suggesting that the dovish stance of the ECB is having an impact on the currency. USD longs declined for a sixth straight week...
The way things are shaping up on the oil price panic barometer, 17 April is now a D-Day of sorts for the industry. It’s the day both OPEC and non-OPEC countries will (reportedly) sit down together in Doha, Qatar, to work towards an output freeze deal...
A fairly quiet session overall, but notable for some USD claw-backs after last week’s FOMC induced sell off. Sharp gains were seen in Cable at the time, but since tipping 1.4500, the pair has been looking pretty heavy, and after the IDS resignation over the weekend, sellers have been out in force...
