The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/CHF, EUR/GBP, and NZD/USD. EUR/USD: For today we would sell rallies towards 1.0780, with a stop above 1.0800, targeting 1.0710. USD/CHF: We think rallies towards 1.0080/1...
Trading price of gold for a fourth day near the support area at $ 1084-1088 where we are witnessing a decrease in the downward momentum that began in mid-October and boosted by a strong jobs report in the United States who re-shuffle all the cards about the date for lifting US interest rates...
Daily Forecasts Spot Price* Last Update 1 Day 1 Week 1 Month EURUSD 1.0761 12/11/2015 1.0725 1.08 1.08 GBPUSD 1.5224 12/11/2015 1.5210 1.51 1.52 USDJPY 122.89 10/11/2015 122.75 123 123 AUDUSD 0.7139 12/11/2015 0.7115 0.71 0.70 USDCAD 1.3247 11/11/2015 1.3290 1.33...
Central bank divergence materialising Overnight the Aussie has spiked following a big drop in unemployment with the rate falling from 6.2% to 5.9% leading to AUDUSD jumping to 0.7150. The 0...
Looking at bond yields which are on the rise, it seems that the market is weighing a December rate hike as a very likely possibility...
Trading recommendations and Technical Analysis – HERE! Despite a slight decline from the beginning of the week pair USD / JPY keeps positive dynamics obtained Friday by strong data on US labor market (NFP) in October...
Sowood Capital Management, $1.6 billion loss The US hedge fund Sowood Capital Management lost 50% of its capital at the very beginning of the financial crisis, in 2007. However, Citadel Investment Group LLC bought most of its assets and earned from it quite well when the market rebounded...
The New Zealand dollar is declining against the U.S. competitor, as demand for the American currency is still supported with expectations of the #Fed #rate hike. This pressure may increase if today Janet #Yellen will confirm the intention to raise the rate...
#Trading in #GPBUSD continues within the uptrend, which corrects the slump of quotations during November 5-6. It is recommended to work on the rebound from the current support line, but be ready for the reversal. Find out more by checking out the Source Link...
Today, Mario Draghi and Janet Yellen will speak during the day. If these key figures confirm their previous messages, sales in #EURUSD may resume with renewed vigor. It is recommended to remain in short positions. Find out more by checking out the Source Link...
Skandinaviska Enskilda Banken made a technical forecast for USD/JPY for telling the following: 'below 122.65/45 would target 121.60'. It means that SEB is predicting the price to be bounced from Fibo resistance level at 123.63 with 23.6% Fibo target at 121.86...
AUDUSD: With the pair rallying strongly during early trading on Thursday, further upside offensive is envisaged. This development suggests a temporary bottom is now in place. This should see more strength build up with eyes on the 0.7200 zone. On the upside, resistance lies at the 0.7250 level...
A couple of remarks from Bank of Japan board-member Yutaka Harada shed light on why the central bank stood pat at its October 30 meeting...
The price is located to be above Ichimoku cloud and Senkou Span line which is the virtual border between the primary bullish and the primary bearish on the chart. Price is breaking resistance level at 99.35 from below to above for the bullish breakout with 100.39 as the next bullish target...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, and AUD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: A move below our initial downside targets in the 1.0660 area would encourage our bearish view towards 1.0520 and then the 1...
The following are UBS' latest short-term (mostly intraday) trading strategies for USD/JPY, AUD/USD, and NZD/USD. USD/JPY: Look to buy the pair on dips, with a stop below the post-US payrolls support at 122.50/60. AUD/USD: We favour selling the pair on rallies to 0.7100 click Source URL...
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EURJPY: The cross saw downside pressure on Tuesday though taking back some of those gains. It still remains weak and vulnerable to the downside. We continue to look for more weakness. Support comes in at the 131.50 level. Further down, support stands at the 131...
