EUR/USD: Wave analysis and forecast for 26.02 – 04.03: Uptrend continues. Estimated pivot point is at the level of 1.0950. Our opinion: Buy the pair from correction above the level of 1.0950 with the target of 1.15 – 1.16...
CRUDE OIL: Having the commodity failed to sustain its Thursday price momentum to close lower on a rejection candle on Friday, it faces the risk of further move lower. On the downside, support resides at the 32.00 level where a break will expose the 31.00 level...
A number of themes are driving FX markets at present but there seems to be only a handful of FX trades. The most obvious theme – the fear of a Brexit – has sent GBP tumbling already...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, EUR/JPY, AUD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: We are overall bearish. While price closes below resistance near 1.1050 (200-dma), scope is lower in range towards 1...
Over the past few weeks, markets have traded well, driven by a more dovish interpretation of the Fed’s rate path and a moderate rebound in data, notes Morgan Stanley...
The euro has recently come back under some modest downward pressure against the US dollar lowering EUR/USD back into line with its average over the last year, notes BTMU. "The market’s increased focus on Brexit risk and potential negative spill over impact on Europe has weighed on the euro...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, GBP/USD, AUD/USD, NZD/USD, and USD/CAD. EUR/USD: We still prefer to play the pair from the short side, but would look play the intraday moves today...
Markets shrugged off their previous nervousness at the start of the G20 meeting of finance ministers and central bankers in Shanghai earlier today...
Commodity currencies, such as #CAD received a strong support amid strengthening #oil prices. The growth of the “black gold” was caused with the statements of the Venezuela's Minister of Petroleum. Find out more by checking out the Source Link...
Re-achievement of the Fibo retracement gave bears in #USDJPY a reason to fix the result on short positions. This led to the growth of quotations, but it is too early to talk about the possibility of purchases. Find out more by checking out the Source Link...
Throughout its long history #oil fell to the bottom more than once or twice, but always returned back. Risky #investors always get a huge #profit, opening long positions at the time when the market reaches a bottom. The only question is when it will happen...
Positioning ahead of G20 Interesting moves from China overnight as G20 Finance Ministers and Central Bank governors meet in Shanghai today and tomorrow...
The technical strategy teams at CitiFX and SocGen provide some insights on the current technical setups for EUR/USD, and USD/JPY noticing some key signals for their short term direction. Citi: EUR/USD: Watch a weekly close below the 55 week moving average at 1.1036...
Euro, US Dollar Outlook Hinges on Inflation Data Talking Points: Euro may find interim support if Germany’s flash CPI data tops forecasts US Dollar may fail to capitalize as core PCE inflation hits 15-month high NZ Dollar gains with milk prices as dairy exports rise most since Aug’14...
EUR/USD: Neutral: Daily closing below 1.0990 would shift outlook to bearish. For three days in a row, EUR dipped below the crucial 1.0990 support but each time, it rebounded to close above. As highlighted in recent updates, only a daily closing below 1...
Kamakshya Trivedi, Research Analyst at Goldman Sachs, suggests that in the face of a global risk sell-off, concerns around the pace of US activity and a reawakening of dormant systemic worries, EM currencies – typically the risk asset par excellence – regained all their losses and are flat year-t...
Michael Every, Head of Financial Markets at Rabobank, notes that in Asia today markets have started out on firm footing on the "surprising" development that PBoC Governor Zhou Xiaochuan has made further comments suggesting he has room to ease monetary policy further...
Research Team at Danske Bank, notes that the G20 finance minister and central bank governors' meeting has started...
G20 FINANCE MINISTERS AND CENTRAL BANK GOVERNORS TO MEET IN SHANGHAI THIS WEEKEND The global economy is in a fragile state following a volatile start of the year that has reduced equity valuations and continues to pressure energy prices downward...
