The Fed meeting in December is coming closer and a possible rate hike attracts investment flows in fixed income #securities of the USA. #Gold #prices came close to the support level of 1063, threatening with breakout. Find out more by checking out the Source Link...
Weekly digest Nov 23-27: From "Black Friday" deals to ECB stimulus expectations and parity forecasts
Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders. News of the week: Markets impose great expectations on Draghi...
#GoldmanSachs experts say that by the end of this year, #EURUSD will reach parity. This forecast assumes that in December the Fed will raise the interest #rate and the ECB will decide on new measures to stimulate the economy. Find out more by checking out the Source Link...
National Australia Bank (NAB) made a forecast for AUD/USD based on fundamental analysis: the NAB is suggesting to wait for the price to come to 0.73-0.74 ranging area to sell with 0.70 as the target. let's evaluate this forecast from the technical points of view...
H4 price is on bearish market condition located below Ichimoku cloud and Sinkou Span line which is the virtual border between the primary bullish and the primary bearish on the chart. The price is on secondary ranging within the following support/resistance levels: 1...
GOLD: Having remained weak and vulnerable, GOLD eyes more bear pressure. It looks to move lower towards its key support located at the 1064.23 level. Price hesitation or a recovery may occur ahead or at that level if it remains unbroken. On the upside, resistance resides at the 1081...
W1 price is located below 200 period SMA (200 SMA) and below 100 period SMA (100 SMA) for the primary bearish with the ranging between Fibo resistance level at 1.1713 and key support level at 1.0461: intermediate support level at 1...
EUR/AUD: correction to the bearish reversal. Weekly price for the pair is located to be above Ichimoku cloud with the primary bullish area of the chart...
The EUR came under sharp selling pressure on the back of media reports about the ECB considering a two-tier deposit rate cut. In essence, the ECB will want to distinguish between retail and wholesale banks in the Eurozone...
Analysts are reducing their year-end and first-quarter euro forecasts at the fastest pace since March, when the launch of the central bank’s bond-buying program sent the currency tumbling to a twelve-year trough...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: We are bearish and would use upticks towards 1.0765 as an opportunity to sell at better levels. Our targets are near 1...
BNP Paribas' economists have revised their forecast for the ECB’s 3 December policy meeting and now expect a 20bp deposit rate cut (10bp previously). "This is in addition to a EUR 10bn increase in the monthly rate run of asset purchases and a 12m extension of the programme to September 2017...
EURUSD seems well set to fall to 0.88. The fall could be sharp and swift that there might not be enough upward retracements for entering a SELL. Expect the eurusd price to reach 0.88 in the next 3 to 4 months with very little upward retracements...
Gold price well set to fall to 700. With every passing candle ranging at the current price level, the level 2 set up is slowly turning into a SELL set up, where the upward retracement before the fall seems more remote...
Kit Juckes, a currency strategist at Societe Generale, thinks there will be something serious at next Thursday's ECB meeting...
While Morgan Stanley sees EUR/USD remaining under pressure and forecasts a move to parity next year, MS thinks that the risks of a pause in the near-term have increased. "Expectations for ECBs easing in December are high, suggesting delivery risks...
Trading recommendations and Technical Analysis – HERE! The closer the FOMC meeting on December 15-16, the stronger is growing confidence among market participants in raising interest rates on it in the US. After the release of strong data NFP in the U.S...
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EURUSD: EURUSD consolidates with corrective risk following a halt in its broader weakness on Wednesday. This is coming on the back of its long-tailed candle formation at the end of Wednesday trading session. This development suggests a temporary bottom may be in place...
