Research Team at Societe Generale, suggests that USD/CHF hit a multiyear upward channel limit near 1.0330 last year and since then it is evolving within a choppy retracement. Key Quotes “Last week the pair has retested the upper limit of a formation similar to a triangle at 0.9750/0.97...
FX Forecasts: We maintain our forecast for EUR/GBP of 0.71, 0.70 and 0.68 in 3, 6 and 12 months, which we adopted on December 7. This implies GBP/$ at 1.46, 1.43 and 1.40...
A downward movement of #USDCAD resumed. As a result, the price has formally fallen below the support line of the medium-term uptrend again, giving bears a chance to break it. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Bulls in #EURUSD continue to experience difficulties, attacking the technically important resistance line. Currently, the risks are going more and more in favor of further decline, but there is no clarity yet. Find out more by checking out the Source Link...
(Bloomberg) -- U.S. 10 yields sharp reversal from below 2012 trendline results in weekly hammer pattern as global risk markets finds some near-term stability, see weekly chart here, Bloomberg strategist Tanvir Sandhu writes. U.S...
(Bloomberg) -- USD/JPY’s upside could be curbed around 115 level by yen repatriation flows in run-up to March-end of Japan’s fiscal year, says Shinji Kureda, Tokyo-based head of FX trading at Sumitomo Mitsui Banking Corp., in an interview...
While the ECB failed to meet market expectations by expanding the current QE program at the December 3 meeting, the prospects for another round of easing were announced at the January 21 meeting...
EUR/USD: Change to Neutral: Short-term top in place, corrective pull-back could extend lower to 1.1060. While we pointed out yesterday that a short-term appears imminent, the ease of which the major 1.1180 support was taken out was unexpected...
2016 has a been a jittery, volatile year so far for markets. The trouble began with circuit-breaker halts in Chinese stock markets and continued with a bank rout in Europe...
#OPEC representatives will hold a closed meeting with Russia and Iran. #Traders speculate about a possible agreement on #oil production cut, but analysts say, that such a scenario is unlikely, as these countries don't want to loose market shares. Find out more by checking out the Source Link...
Research Team at Goldman Sachs, suggests that there is growing conviction in the market that the rapid pace of capital outflows makes a large, one-off devaluation of the RMB all but inevitable...
ECB President Draghi, during his speech at the European Parliament's Economic and Monetary Affairs Committee, reiterated that the central bank will "review and possibly reconsider" its monetary policy stance during the March meeting...
The Bank of Korea kept the policy rate unchanged at 1.5% in February, on par with expectations of economists polled by Bloomberg. The central bank expanded its special loans facility to KRW29tn in order to stop the drop in producer confidence...
All the Asian markets are trading on higher note on Tuesday as Japan recovers previous losses. Japan's benchmark Nikkei 225 index rose 0.90% to 16,166.73 points on Tuesday morning in Tokyo while the broader Topix index was up 0.81% at 1,302.76 points. South Korea's Kospi index was trading 1...
Forecast NZDCAD 16.2.2016 In the daily chart, the price is up trend. A drop is expected if the trend line is breached around 0.9000 . http://myforexoffice.com/analysis-news/forecasts-technical-analysis...
USDCHF Daily Forecast: February 16 16 Februari 2016 2:06 AM USDCHF Forecast The USDCHF had a bullish momentum yesterday topped at 0.9889. The bias remains bullish in nearest term testing 0.9985 which is a good place to sell. Immediate support is seen around 0.9850...
USDJPY Daily Forecast: February 16 16 Februari 2016 2:09 AM USDJPY Forecast The USDJPY had a bullish momentum yesterday topped at 114.73. The bias remains bullish in nearest term testing 115.20 – 116.00 which is a good place to sell. Immediate support is seen around 114.10...
GBPUSD Daily Forecast: February 16 16 Februari 2016 2:12 AM GBPUSD Forecast The GBPUSD had a bearish momentum yesterday bottomed at 1.4413. The bias is bearish in nearest term testing 1.4350 which is a good place to buy with a tight stop loss targeting 1.4700...
