Oil spiked higher Thursday in response to reports of a potential OPEC meeting to take place in February to discuss cuts in oil production. Headlines, alluding to such a meeting, swirled in morning action, with West Texas Intermediate posting a high near $34...
We are short EUR/JPY, expecting it to weaken to 114 from currently 128 by the end of the year. We would prefer it from short USD/JPY, as more ECB easing this spring could offset the impact of more BoJ easing. Alternatively, we still like selling CHF/JPY. We first expressed this view last August...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, EUR/CHF, GBP/USD, and USD/CAD. EUR/USD: The range play remains intact and it is difficult to see this changing in the short term...
We fixed a small loss on the transaction to buy #GPBUSD from 1.4311. At the moment, our #TradingSystem tells us to be out of the market, but we are ready for entry in either direction. Find out more by checking out the Source Link...
An unfixed #profit from the transaction to buy #Gold rose slightly, while the value of the red Alligator's line moved to 1114.39. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Look for uncertainty in the markets as investors look towards the FOMC for how bullish the US Fed thinks their economy will be. Expect further volatility in commodities and emerging markets as the global slowdown continues to spread. Watch XAUUSD @ 1103 - http://www.calvl...
EURUSD: With EUR continuing to trade and hold above the 1.0777/1.0800 zone but maintaining upside bias, further recovery higher is envisaged. Support lies at the 1.0850 level. Further down, support lies at the 1.0800 level where a violation will aim at the 1.0750 level...
EUR/USD: Neutral: A test of the month-to-date high of 1.0985 will not be surprising but a sustained up-move is unlikely. The breach of the 1.0905 stop-loss yesterday nullified our bearish EUR/USD view...
We have formal signs of an uptrend formation in #USDJPY. On Friday night the Bank of Japan will hold a meeting, where it may announce the asset purchase program expanding. If this happens, it is recommended to open additional long positions. Find out more by checking out the Source Link...
#Oil prices continue to rise, which is reflected in the dynamics of #USDCAD. The decline continues in the downward price channel, and trend indicators confirm the downward trend. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
As expected, as a result of yesterday's meeting, the Fed decided to leave its monetary policy unchanged. After it, the #WallStreet major indices fell and the U.S. #dollar continued to lose ground against its major competitors in #Forex. Find out more by checking out the Source Link...
2016 turned out to have a tough start, 3 weeks of equity and commodity weakness triggered by China and oil seems to have run its course for now. The market is in a tentative recovery mode, helped by stabilizing oil and China liquidity injections before local holidays...
GBPUSD: With the pair reversing its intra day gains to close lower on Wednesday, GBPUSD sets up to retest key support zone. Support lies at the 1.4200 level where a break will turn attention to the 1.4150 level. Further down, support lies at the 1.4100 level...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: We are still overall bearish and look for a move lower towards initial targets towards 1.0710...
The key issue for this week is the degree to which the FOMC acknowledges, in its statement, that circumstances have changed and consequently its expectations for policy have changed(after raising rates for the first time in December, we did not expect the FOMC to raise or lower rates at the very...
A result of a short position in #GPBUSD was closed and now we have a long one. We had some signals from "green zone" and the AC #indicator to add volume. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
At the moment we are in purchases in #EURUSD again. The new position was opened on a breakthrough of a fractal upwards and we have already added volume to it. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
USDJPY: Having halted its upside pressure to close higher on Tuesday, USDJPY looks to build up on price recovery. On the downside, support comes in at the 118.00 level where a break if seen will aim at the 117.50 level. A cut through here will turn focus to the 117...
Dear Traders, Instead of showing a sustained break below the 1.42-mark the British pound bounced off the 1.4170 level and surged to a high of 1.4366. While there could be some upside room before GBP approaches technical resistance levels at 1.44 and 1...
