Strategists at Scotiabank see the pair’s outlook as tilted to the bearish side in the near term. Key Quotes “We caught the early bid tone in USDCAD yesterday but the rapid turn in the market from the 1.3845/50 intraday highs was rather surprising”...
Market risk sentiment continues to deteriorate with global stock markets and some commodity prices extending their recent drops. The risk-correlated G10 currencies are struggling while safe havens like gold and JPY continue to shine...
Chart : http://bi0l.blogspot.com/2016/02/xauusd-intraday-forecast-technical-side_25.html Calculated level for today: Support (S1 / S2 / S3 = 1222,47 / 1215,03 / 1202,97), resistance (R1 / R2 / R3 = 1245,58 / 1254,02 / 1266,07). Key support levels (1st from 1219.02 to 1238...
Chart : http://bi0l.blogspot.com/2016/02/brent-intraday-forecast-technical-side_25.html Calculated level for today: Support (S1 / S2 / S3 = 33,59 / 33,07 / 32,23), resistance (R1 / R2 / R3 = 35,26 / 35,78 / 36,61). Key level (1st from 34.59 to 34.30 at the end of the day, the 2nd of 34.36 to 34...
Brent oil recovery from the daily lows continues after the talk of OPEC and non-OPEC meeting hit the wires. Trades above $34.00 Prices trade just above $34/barrel after recovering from the daily low of $33.51 levels...
The Canadian dollar is now appreciating further vs. its American neighbour, dragging USD/CAD back below the 1.3700 mark. USD/CAD bid on oil recovery CAD gained extra upside pressure following a pick up of crude oil prices, with the barrel of West Texas Intermediate now retaking the $32...
The growth slowdown China is stumbling into this weekend’s G20 meeting of Finance Ministers and Central Bank governors, with stocks down more than 6% overnight, money market rates rising and the currency weakening further...
A short position in #EURUSD is still relevant. Today during the USA will release the statistics on durable goods orders, which could have a serious impact on the dynamics of the pair. Find out more by checking out the Source Link...
We entered a short position in #USDJPY on a breakthrough of a fractal. It is worth noting that the initial strong move in a southerly direction met serious resistance of buyers. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Amid high uncertainty in the global oil market, EIA has lowered crude oil price forecasts in the Short-Term Energy Outlook (STEO), expecting West Texas Intermediate (WTI) crude oil prices to average $49 per barrel (b) in 2015 and $54/b in 2016, $6/b and $8/b lower than forecast in last month's ST...
One of the biggest challenges of automated trading is to face losing effectiveness of trading strategy over time. As was discussed in previous article Why is systematic approach important for automated trading, the plan for managing risks is very important...
EURUSD: With EURUSD taking back its intra day losses to close flat on a rejection candle on Wednesday, a move higher could be developing. Support lies at the 1.0950 level. Further down, support lies at the 1.0900 level where a violation will aim at the 1.0850 level...
The central bank of Australia is trying to guide the economy through a period of transition between resource-fuelled growth and an economy supported by other drivers. Judging by the Q4 employment figures, it appeared at first as if the economy was managing this period of transition very well...
The GBP/USD pair had an early look at 1.39 handle before jumping to a daily high of 1.3963 levels ahead of the Q4 UK GDP data release. Bid above key Fibo level The spot found bids above 1.3924 (76...
The British currency continues to fall versus the U.S. dollar amid a breakthrough of several important technical support levels. It is recommended to hold short positions in order to achieve multi-year low of 1.35. Find out more by checking out the Source Link...
The stock markets in Europe advanced today as investors turned a blind eye towards the oil price drop and Brexit fears. At the time of writing, Stoxx 50 index was up 1%. Germany’s DAX index was up 0.4% and France’s CAC had gained 1.12%. UK’s mining heavy FTSE index strengthened 1.5...
The upper border of the consolidation pattern "symmetrical triangle" was broken, which gives bulls in #Gold a reason to prepare for the further development of an upward trend. It is recommended to be prepared to go long. Find out more by checking out the Source Link...
BNP Paribas CLEER provides model-based projections for cyclical equilibrium exchange rates based on economic fundamentals. "Our economists expect the Fed to remain on hold in 2016 and 2017, causing the CLEER projection for the USD to be revised down," BNPP notes...
