The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, EUR/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: Nearby resistance in the 1.1050 area (200-dma) helps provide selling interest for a move lower. Below 1...
Risk-off in equity markets has added to further upward pressure on the JPY, notes Morgan Stanley. "As the JPY strengthens, the Japanese pension funds and banks start to get worried,as thereis the potential for their foreign investments to start to lose money just on an FX basis...
Japan's MoF has long maintained that as the yen is a major currency alongside the dollar and euro, forex market intervention should be avoided as much as possible, notes Deutsche Bank...
There’s no news of note on the UK referendum. UK business is coming out strongly in favour of staying in, but the outcome remains too close to call. GBP/USD has fallen through 1...
On our h4 chart the price is playing bearish and a positive divergence is on sight with the price rebounding up.We are expecting to have a surge if the demand fuels up across the market. Description Analyzer : http://myforexoffice.com/analysis-news/forecasts-technical-analysis...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD. EUR/USD: The heavy tone from last week remains intact and the pair dipped below 1.10 yesterday...
Risk sentiment worsened overnight as oil remained under pressure on the back of oversupply concerns and Fed Vice Chair Fisher reiterated his view that the bout of market uncertainty could be temporary and thus need not derail the economic recovery or hold the Fed's tightening cycle in its tracks...
US New Home Sales (Jan) - Wed 2/24 - 10:00 AM ET New home sales are likely to fall 5% to 517,000 in January, after the 10.8% pop in December. We suspect the sharp gain at the end of last year owed to the abnormally warm winter weather...
Lee Hardman, Currency Analyst at MUFG, suggests that the pound and the euro to a lesser extent remain under downward pressure against the other major currencies as the market continues to build in a higher Brexit risk premium. Key Quotes “It has resulted in cable breaking below the 1...
Research Team at Deutsche Bank, suggests that yesterday’s Fedspeak offered some interesting contrasting comments...
Morten Helt, Senior Analyst at Danske Bank, expects the pair could reach 116.00 in a 3-month horizon...
Research Team at Deutsche Bank, suggests that the latest twist in the Oil saga yesterday came about as headlines out of both Saudi Arabia and Iran hit the wires...
Research Team at Investec, suggests that the focus continues to be on the sliding Pound, evident since the announcement the EU referendum will be on 23 June allowing markets to price the event risk more accurately and politicians to show their divided opinions...
GOLD: Having GOLD reversed its Monday losses on Tuesday and followed through higher during Wednesday trading session, further strength is expected. On the downside, support comes in at the 1220.00 level where a break will turn attention to the 1210.00 level...
The turnabout lower in oil prices Tuesday has had negative spillover effects for other instruments, with U.S. stock prices falling and U.S. Treasuries back in hot demand...
Dear Traders, Sterling is in a free-fall and the deprecation of the currency seemed not to be able to find solid ground. While selling the pound has become the most attractive trade, there is still a long way to go before the outcome of the U.K. referendum...
ECB President Mario Draghi has already unleashed a sizeable wave of central bank stimulus, but it hasn’t been enough to combat the deteriorating outlook for inflation. Over the past two months, 5y5y inflation expectations have fallen 40bps, reaching their lowest level on record...
Bears took #GPBUSD in their paws - the British pound have fallen sharply since the beginning of the week. Talks about the possibility of the UK from the European Union amid almost empty economic calendar, brought the quotes to the lowest level since March 2009...