Strategists believe any weakness in the euro exchange rate complex should be traded to the upside. The euro to dollar exchange rate should continue to see weakness as being temorary in nature argue strategists with Westpac in Sydney. "Look to buy dips in EUR to 1.1230 with a stop at 1.1110...
A bullish momentum in #USDCAD gained after a rebound from a mid-term support line has slowed down. A subsequent retracement has led to formation of a reversal pattern "head and shoulders". Find out more by checking out the Source Link...
Economists seem to support the Bank of England's view that the U.K. economy is resilient in the face of a global slowdown...
H4 price is located near and above SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) waiting for the direction for the possible breakout or breakdown. The key support/resistance levels for this pair are the following: 1...
The price is located below 100 SMA and below 200 SMA for primary bearish market condition for the ranging within the following key support/resistance levels: 1.1956 resistance located near and below 100 SMA/200 SMA...
#Oil #prices fall after yesterday's API report, which showed a significant increase in "black #gold" inventories in the USA. Interestingly, inventories continue to rise, despite the fact that the number of rigs, extracting oil steadily declines. Find out more by checking out the Source Link...
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GBPUSD: GBP continues to hold on to its downside bias failing at the 1.5505 level to close lower on a rejection candle on Tuesday. While it remains below the 1.5508 level and its 200 EMA, our bias remains to the downside. Resistance resides at the 1.5508 level...
The following are the latest technical setups for EUR/USD, USD/CHF, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: The move below 1.1335 encourages our bearish view. Our initial targets are near 1.1260. A move below 1...
Greeks should get used to restrictions on their money with capital controls here to stay at least till the second half of 2016, say economists polled by Bloomberg...
Capital is leaving China at a record pace and the country's central bank is drawing down reserves to buoy the renminbi after its recent grinding fall. Investors are now asking how long China’s shrinking foreign currency reserves — down to $3.5tn from a peak of $4tn in June 2014 — can hold out...
W1 price is above 200 period SMA (200 SMA) and above 100 period SMA (100 SMA) for the primary bullish market condition with the secondary ranging between key support level at 1.2122 and Fibo resistance level at 1...
Trading recommendations – Here! Current dynamics Although the pair XAU / USD and is growing, it's not that simple. The current strengthening of the gold is mainly based on lower expectations of market participants regarding the interest rate increase in the US before the end of the year...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition. The price is breaking ascending triangle pattern from below to above with Fibo resistance level at 0...
Standard Chartered have told clients they are forecasting downside pressures on the Australian and New Zealand dollars to resume. Both the New Zealand and Australian dollars have trended higher in global FX as of late with both benefiting from a recovery in global commodity prices...
USDJPY: The pair’s recovery triggered off the 118.05 level on Oct 15 2015 remains intact and intact. The immediate risk is for USDJPY to retarget its range top at 121.23 zone. On the upside, nearby resistance stands at the 120.00 level. Above here will aim at the 120...
Standard Chartered are forecasting the British pound and US dollar to lead the G10 and Asian currencies over coming months. The pound is advancing against the dollar once more with a break of the 1.55 barrier now possible...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD. EUR/USD: is trading in a tight range and the market is focused on the ECB meeting on Thursday. We don't see the pair breaking out of the 1.1280-1...
