Research Team at TDS, suggests that the theme of stronger Canadian economic data is expected to continue with the release of January retail sales. “Retail sales are expected to rebound from what was a very weak print in December...
Daily Analysis of USDX for March 18, 2016 The Index is currently working on performing a breakout below the support zone of 94.69, in order to extend the decline towards the 93.89 level, after a strong bearish move was seen during yesterday's session...
Cameron Bagrie, Chief Economist at ANZ, notes that the NZ consumers continue to go about their daily business, if readings from the ANZ-Roy Morgan survey are anything to go by. “At 118.0 the index is down a smidgen on February (119.7), but in line with the historical average...
Daily Analysis of GBP/USD for March 18, 2016 On the H1 chart, GBP/USD has been forming a higher high pattern after a bullish momentum gained above the 200 SMA. Currently, it's facing off the strong resistance around the 1...
Martina Song, Research Analyst at Westpac, suggests that the dot plot was trimmed back again, FOMC participants indicating the appropriate fed funds rate is at 0.875% at the end of 2016. “This is 50bp lower than the Dec projection. The signal for four hikes in 2017 was retained...
Lasse Holboell Nielsen, Research Analyst at Goldman Sachs, notes that the Norges Bank cut is policy rate by 25bp, in line with their and the consensus expectation (Cons, GS: +0.50...
More short-term USD weakness. "The dovish Fed – discouraging USD bulls – has led to a de-positioning move supporting the once shunned currencies. GBP, AUD and many emerging market currencies fall into this category...
RBC recommends selling EUR/USD at 1.1320 with a target of 1.0920 and a stop at 1.1500 *The Royal Bank of Canada (RBC; French: Banque Royale du Canada), operating as RBC Financial Group, is the largest financial institution in Canada...
*Skandinaviska Enskilda Banken AB (Swedish pronunciation: [skandɪˈnɑːvɪska ˈeːnˈɧɪlda ˈbaŋːkən], Scandinavian Individual Bank), abbreviated SEB, is a Swedish financial group for corporate customers, institutions and private individuals with headquarters in Stockholm, Sweden...
* Credit Suisse Group is a Switzerland-based multinational financial services holding company, headquartered in Zürich, that operates the Credit Suisse Bank and other financial services investments...
The term ‘Currency Wars’ was used by Brazil’s erstwhile Finance Minister, Guido Mantega, in September 2010 in response to moves by some (Asian) countries to resist upward pressure on their currencies from the weak US dollar...
Sean Callow, Research Analyst at Westpac, suggests that with a week to assess the fallout from the ECB’s raft of policy easing measures, they remain more impressed than the FX market seems to be. “EUR/USD was just below 1.10 as the various new policies were revealed, slipping to about 1...
Jane Foley, Research Analyst at Rabobank, suggests that there was a common theme in the words of Fed Chair Yellen and in the policy statements offered by the SNB and Norges Bank. “All three cited weaker global growth as a reason for caution...
Sean Callow, Research Analyst at Westpac, suggests that the dovish Fed tone came just in time for the AUD/USD rally, which had looked set to peter out after a failed attempt at 0.76 earlier in the week. “The record-breaking 18...
Khoon Goh, Senior FX Strategist at ANZ, suggests that the SGD strength this year has mainly been on the back of dollar weakness, rather than based on domestic merits. • “The S$NEER is trading back above the midpoint of the band...
EURUSD Daily Forecast: March 18 2016 EURUSD Forecast The EURUSD continued its bullish momentum yesterday topped at 1.1342. The bias remains bullish in nearest term. As you can see on my H1 chart below price is now struggling around the trend line resistance suggest a critical technical point...
GBPUSD Daily Forecast: March 18 2016 GBPUSD Forecast The GBPUSD had a strong bullish momentum yesterday topped at 1.4503. The bias remains bullish in nearest term testing 1.4580 area. Immediate support is seen around 1.4400...
USDCHF Daily Forecast: March 18 2016 USDCHF Forecast The USDCHF continued its bearish momentum yesterday bottomed at 0.9650. The bias remains bearish in nearest term testing 0.9600 – 0.9570 region. Immediate resistance is seen around 0.9730...
Oil continues to recover despite lingering supply concerns and this is pushing the USD/CAD exchange rate lower. The price of oil continues to rise despite continued evidence of over-supply, with WTI reaching above $40/barrel on Thursday March 17...
