#USDJPY is testing a support level, a breakout of which may indicate the start of a downward #trend. Today the U.S. #inflation data will certainly cause a certain resonance in the #market. It is recommended to be prepared to go short. Find out more by checking out the Source Link...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, October 15th EUR/USD surges to monthly high amid downbeat US retail sales data. The retail sales MoM figure showed just 0.1% growth, while core retail sales contracted 0.3%. The PPI also declined 0.5...
After mixed #labor #market data released in Australia, #Aussie rose against the U.S. #dollar. Asian #stock #markets were also rising. #Investors expect new #signals that the Fed will continue its ultrasoft monetary policy from today's Consumer #Price #Index report in the USA...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition for ranging between 0.7591 resistance level and 0.6935 support level: the price is trying to cross 0.7441 resistance and 0...
GOLD: With GOLD extending its strength above the 1170.03 level on Wednesday, further bullish offensive is envisaged. The commodity must continue to trade and hold above its broken resistance turned support at 1170.03 to create scope for more strength. On the downside, support comes in at the 1165...
M5 price is located above SMA with period 100 (100-SMA) and above SMA with the period 200 (200-SMA) for ranging between the following key levels: 1.1490 key resistance level located far above 100-SMA/200-SMA in the primary bullish area of the chart, and 1...
The following are the latest technical setups for EUR/USD, GBP/USD, AUD/USD, USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: We are bearish against resistance in the 1.1460 area. A move below support near 1...
In a note to clients today, Bank of America Merrill Lynch takes stock of the recent developments in GBP and look ahead to the prospects for the pound...
The near-term outlook for the pound sterling against the euro remains biased to the downside, but the more interesting picture is viewed from a multi-year approach...
W1 price is located between 200 SMA and 100 SMA with the ranging market condition within the primary bullish: The price is above 200 SMA for the bullish market condition. Symmetric triangle price pattern was formed by the price to be crossed for direction. 'Reversal' support level is 126...
GBPUSD: GBP has revered its Tuesday losses and looks to resume its short term uptrend. On continued upside offensive it should target its nearby resistance at the 1.5400 level. On the upside, resistance resides at the 1.5450 level. Further out, resistance resides at the 1...
Central bank and sovereign wealth fund assets will decline by $1.2 trillion, or nearly 7%, by the end of 2015 as China and oil dependent states including Russia and Saudi Arabia dip into their savings amid slower growth and lower crude revenues, says UBS Group AG...
After a morning statistics from China #oil fell below $ 50 per #barrel and continues to decline. Meanwhile, the International Energy Agency says that in 2016 the oil #market will remain oversupplied. Find out more by checking out the Source Link...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD. EUR/USD: is still trading with a bid tone. We prefer to remain short with plenty of chances to cover on intraday dips...
Westpac are backing the pound sterling to stage a recovery against Aussie dollar. Strategists at Australia’s Westpac are backing the British pound to advance against the Australian dollar...
The prospect of another New Zealand interest rate cut in coming months has just decreased further. The progression of interest rates is fundamentally important for the outlook of the NZD...
W1 price is located to be above 200 SMA and above 100 SMA with the ranging market condition within the primary bullish: The price is ranging within 195.86 key resistance level and 180.39 key support level...
Fredrik Nerbrand, global head of asset allocation for HSBC, has trimmed his weight in the S&P 500 index to 0% from 5...
#GPBUSD has responded to unexpectedly weak #inflation data in the UK with a sharp drop. Today the country will release the data on #employment, so we do not expect #prices to stabilize. Find out more by checking out the Source Link...
