Bears remain in control of the USD/CHF pair after SNB’s Jordan hinted at a less possibility of further rate cuts, while the data in the US showed a drop in the manufacturing activity. Trades below 100-DMA The spot currently trades below its 100-DMA located at 0.9940 levels...
Swiss National Bank’s Jordan, while speaking in Frankfurt, indirectly hinted that interest rates cannot go further into the negative territory. Jordan said, “"By introducing unconventional monetary policy measures, central banks have regained a certain room for maneuver...
Overseas buyers seeking to purchase European goods will be cheered by the news that the euro exchange rate is weakening again. Americans, in particular, will find the new rates attractive, as the EUR/USD rate has swung back in their favour, after pushing below the 1...
EURUSD: With EURUSD selling off on Monday, it now faces further downside pressure in the days. Support lies at the 1.0950 level. Further down, support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A break of here will aim at the 1.0800 level...
On Tuesday, before #MarkCarney and #BOE executives started to testify to Treasury Committee, the British pound has experienced the strongest drop since 2010. Such a strong pressure on #GPBUSD has a probability of exit from the European Union. Find out more by checking out the Source Link...
Short USD/JPY, short USD/CAD, and short EUR/PLN are the top three trend trades this week, data from SEB's FX-o-meters showed on Monday. "All three top trend traded delivered last week, even as the downtrend in USD/JPY already is severely long-term stretched on the downside," SEB clarifies...
Chart : http://bi0l.blogspot.com/2016/02/brent-intraday-forecast-technical-side_23.html Calculated level for today: Support (S1 / S2 / S3 = 33,96 / 33,51 / 32,79), resistance (R1 / R2 / R3 = 35,41 / 35,86 / 36,59). Key level (1st from 34.32 to 34.64 at the end of the day, the 2nd of 34.24 to 34...
Letting the Brexit Dust Clear Yesterday was all about sterling, with the biggest one day move on cable since March 2009, with the GBP USD exchange rate also reaching levels last seen during that time...
BNPP quant model 'STEER' maintains a long GBP/USD signal targeting 1.4530, and a long USD/JPY targeting 116.34...
Morgan Stanley remains bearish on GBP and now sees 'Brexit discount' fully in play. "Rising risk sentiment is not going to help GBP for now, as markets increase their probabilities for a Brexit," MS argues. Monitoring the GBP Brexit discount...
On Tuesday, #gold is increasing amid the uncertainty associated with the probability of the Fed this year rate hike, as well as the possible #Brexit. At the time of writing, the March futures on the metal rose in price by 0.88% to $ 1,220.70. Find out more by checking out the Source Link...
The minutes of Riksbank's latest meeting suggests that the central bank has become less inclined to undertake more measures to accelerate inflation. Nevertheless, the central bank does not seem to be done, mainly due to the krona...
EUR/USD: Neutral: Daily closing below 1.0990 would shift outlook to bearish. The anticipated pull-back from the recent high of 1.1375 has been more resilient than expected. The overnight low of 1.1000 head just above the key 1.0990 support. Undertone remains weak and a daily closing below 1...
23 February 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 09:00 German Ifo Business Climate EUR High 107.3 107...
British Pound May Bounce as Focus Turns from Brexit to BOE Policy Talking Points: British Pound may rebound as spotlight turns from Brexit to BOE policy bets US Dollar to face limited downside risk on soft Consumer Confidence report Yen gains as Japanese stocks fall in Asian trade, boosting anti...
Forecast GBPJPY 23/2/2016On the h4 chart, the price is within the ab=cd harmonic pattern range. We are expecting to have a surge if the demand fuels up across the market...
By Maria Levitov (Bloomberg) -- Currencies of emerging markets, particularly those of commodity exporters, are poised to rebound further, according to UniCredit Bank AG. South Africa’s rand will extend gains of 8 percent against...
The risk rally has somewhat faded after China decided to let Yuan lose some value in the fixing, it seems that was totally unexpected after the recent comments. As a result Asian equity markets gave up some gains and FX lost momentum...
EURUSD Daily Forecast: February 23 23 Februari 2016 2:35 AM EURUSD Forecast The EURUSD had a bearish momentum yesterday, broke below 1.1070, bottomed at 1.1003. The bias is bearish in nearest term testing 1.0950 region located around the trend line as you can see on my H1 chart below...
