EURUSD: With continued downside pressure seen, EURUSD targets the 1.1059 support zone . This leaves the pair targeting its key support located at the 1.1059 level. However, immediate support lies at the 1.1100 level with a cut through there opening the door for more weakness towards the 1...
Oil strengthened in Europe, pushing the stock markets higher as OPEC oil ministers traveled to Iran to talk about a possible production freeze between global oil producers. At the time of writing, Brent futures were up 80 cents or 2.5% at USD 33/barrel. WTI futures were up 62 cents or 2...
Euro: FX Forecasts: We maintain our EUR/USD forecasts of 1.04, 1.00 and 0.95 in 3, 6 and 12 months, which we reverted to on January 21. This implies EUR/¥ at 127, 125 and 124 in 3, 6 and 12 months...
Forecast EURUSD 17/2/2016 In the daily chart, the price is up trend. A drop is expected if the trend line is breached around 1.1109. http://myforexoffice.com/analysis-news/forecasts-technical-analysis...
Despite some early gains in equities, there are hints in the forex and commodity markets that risk appetite is low and not as positive as perhaps the gains overnight on Wall Street would have you believe...
The Westpac-Melbourne Institute Leading Index for January dropped to -1.24% from December's -1.00%. For the past nine months the index has been growing below trend, signalling that the Australian economic growth will be below trend in H1 2016...
Asian markets continue to move higher on Wednesday but Japanese market was trading almost flat to negative. On the data front from China, PBoC devalued the currency around 0.2% as PBoC sets Yuan fix lower. The USD/CHY fix was set at 6.5237 on Wednesday compared with 6...
EUR/USD: Neutral: Corrective pull-back could extend lower to 1.1060. There is no change to the neutral view. The current movement is viewed as a corrective pull-back which could extend lower to 1.1060. GBP/USD: Change to Bearish: GBP/USD downtrend has resumed; immediate target at 1.4200...
The selling pressure around USD/JPY pair appears to have weakened after Japanese PM Abe’s advisor Honda said the Bank of Japan (BOJ) may increase stimulus next month. Hovers around 113.70 The spot recovered slightly from the daily low of 113.59 and now trades around 113.740 levels...
Research Team at Goldman Sachs, suggests that the EM FX looks to be fairly or slightly undervalued after more than three years of depreciation. Key Quotes “EM currencies, and concluded that valuations have moved into a supportive zone for the first time in several years...
JPY strength remains relatively strong, GBP is trending lower on Brexit news and Emerging Markets are giving up some recent gains however there is non momentum trend that seems to be carrying over...
Today the minutes of the Fed last meeting will be published, and this information will definitely attract the attention of financial markets. Note that as a result of this year's FOMC first meeting, the interest rate remained at the same level. Find out more by checking out the Source Link...
GBP/USD Intraday: under pressure. Pivot: 1.4350 Most Likely Scenario: short positions below 1.4350 with targets @ 1.4240 & 1.4205 in extension. Alternative scenario: above 1.4350 look for further upside with 1.4400 & 1.4465 as targets. Comment: the RSI lacks upward momentum...
Gold is presenting with a Long Opportunity on the 1H Chart. GOLD-2.52% 1H BAT PATTERN entry: 1193.81 SL: 1187.40...
EURUSD Daily Forecast: February 17 17 Februari 2016 2:24 AM EURUSD Forecast The EURUSD was indecisive yesterday but overall still able to maintain its bearish bias since formed a shooting star formation on daily chart last week...
GBPUSD Daily Forecast: February 17 17 Februari 2016 2:17 AM GBPUSD Forecast The GBPUSD continued its bearish momentum yesterday and now struggling around the trend line support as you can see on my H1 chart below...
USDJPY Daily Forecast: February 17 17 Februari 2016 2:11 AM USDJPY Forecast The USDJPY failed to continue its bullish momentum yesterday. The bias is neutral in nearest term probably with a little bearish bias...
USDCHF Daily Forecast: February 17 17 Februari 2016 2:04 AM USDCHF Forecast The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 0.9850. A clear break below that area could trigger further bearish pressure testing 0.9800 or lower...
GBPUSD: Having the pair declined sharply on Tuesday, GBPUSD targets more weakness on bear pressure. Support lies at the 1.4250 level where a break will turn attention to the 1.4200 level. Further down, support lies at the 1.4150 level. Below here will set the stage for more weakness towards the 1...
