There is room for a bit more retracement in USDCAD but the longer-term uptrend (the C-wave) is not yet complete, notes Moragn Stanley. "USDCAD has now crossed through the 1.3457 high from September and has far exceeded the 61.8% retracement of the bullish leg from 1.2832 to 1.4690, MS adds...
In their weekly notes to clients today, the FX strategy teams at Societe Generale and BNP Paribas advise investors to position for a possible EUR bounce heading into and after the upcoming ECB March meeting next week...
EUR/USD: Change to Neutral: Bearish phase ended quickly. Bullish only if daily close above 1.1005/10. When we turned bearish on Monday (29 Feb), we had a ‘modest’ downside target of 1.0810. The low has been 1.0823 and the subsequent strong rebound from the low took out the stop-loss at 1.0965...
There is no trade call for the session. The European session is decidedly light, however the NY session will see employment figures from the US which will no doubt cause volatility. US Employment Data is released today 1:30pm GMT...
04 March 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 13:30 Non-Farm Employment Change USD High 195K 151K Positive 13:30 Average Hourly Earnings m/m USD High 0.5% 0.2% Neutral 13:30 Unemployment Rate USD High 4...
THE NFP REPORT IS EXPECTED TO BREAK ABOVE 200,000 NEW JOBS IN FEBRUARY U.S. employment data has been mixed ahead of the U.S. non-farm payrolls (NFP) report...
Pivot Points-Hourly Last Updated: Mar 4, 11:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09297 1.09393 1.09446 1.09489 1.09542 1.09585 1.09681 USD/JPY 113.547 113.707 113.784 113.867 113.944 114.027 114.187 GBP/USD 1.41024 1.41285 1.41383 1.41546 1.41644 1.41807 1.42068 USD/CHF 0.98868 0...
On the ECB front, George Saravelos, Research Analyst at Deutsche Bank, thought that the central bank still had more ammunition to weaken the euro...
The Canadian dollar is giving away some of its recent gains vs. the greenback, with USD/CAD now meandering a narrow range in the 1.3415/10 region...
Pre European Open, Daily Technical Analysis Friday, March 04, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the upside prevails. Pivot: 1.0890 Most Likely Scenario: long positions above 1...
Research Team at Nomura, suggests that the US container data suggest that both exports and imports declined in January. Key Quotes “However, a decline in goods in goods inflows outpaced a moderate decline in goods outflows on the month...
Research Team at Danske Bank, suggests that today focus will be on the US labour market report for February. Key Quotes “We estimate non-farm payrolls increased 160,000 in February, below the current consensus of 195,000...
The GBP/USD pair made an unsuccessful attempt to break below 1.4154 (38.2% of 1.4669-1.3835) level before making attempt to take out 1.4165 (23.6% of 1.5230-1.3835). Awaits breakout The spot is largely stuck between the two key Fibo levels...
The day came when the United States will publish one of the most important indicators – non-farm payrolls (#NFP). Many analysts expect that the economy has added more than 200 000 jobs. Whether it did or not, we will know during the U.S. trading session...
Elliott Wave Analysis of EUR/JPY for March 4, 2016 Wave summary: We still opt for the running triangle coount rather than the alternative counts. Short term, we would like to see a break below minor support at 123.91 and more importantly below 123...
Technical Analysis of USD/JPY for March 04, 2016 In Asia, Japan will release the Average Cash Earnings y/y. As for the US, economic reports will be also released such as Unemployment Rate, Trade Balance, Non-Farm Employment Change, and Average Hourly Earnings m/m...
Yet another day of commodity strength yesterday evening, CAD, AUD, NZD and Gold lead the way and are still strong in Asia. EURUSD was pushed higher from 1,0850s to 1,0950s during the day as the yield differential pushed the spot higher...
On the Daily chart, the price is moving inside a bearish channel. Breaking the trend line brings the expectation to have a rise. Best of luck to all the members of MyForexOffice. Description Analyzer : http://myforexoffice.com/analysis-news/forecasts-technical-analysis...
During the course of the past three weeks, USD/JPY has plunged to establish a 15-month low around 111.00 support, re-tested that support level to form a potential double-bottom technical pattern, and then fluctuated in a consolidation above those lows...
EURUSD: With EURUSD rallying strongly on Thursday, it faces further strength in the days ahead. This view remains valid as long as the pair can trade and hold above. Support lies at the 1.0900 level. Further down, support lies at the 1.0850 level where a violation will aim at the 1.0800 level...
