W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition with the secondary ranging between Fibo support level at 0.6907 and Fibo resistance level at 0...
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AUDUSD: AUDUSD took back its intra day gains to close slightly lower on Monday leaving risk of more weakness on the cards. While the pair can trade and hold below the 0.7363/81 levels, we think more weakness should occur towards its support at 0.7197. On the upside, resistance lies at the 0...
EUR: Bullish "We believe that EURUSD could head higher before we see pushback from the ECB. Indeed, we don’t expect anything from next week’s meeting...
The following are the latest technical setups for EUR/USD, GBP/USD, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: Friday’s low close resulted in a weekly topping candle that has prompted us to re-establish a bearish view. The move below 1...
Nearly two-thirds of analysts surveyed by the Financial Times expect the U.S. central bank to increase interest rates before the end of 2015, despite weakening economic data that several banks have warned have put the Fed’s inflation goal on a slippery ground...
The threat of the EUR/USD testing 1.15 remains in place, says SocGen. "Tomorrow’s ECB Bank Lending Survey will probably show a further modest improvement in loan demand and the ECB will probably do no more than sound dovish, which wouldn’t get in the way of the euro’s gradual appreciation...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition with the secondary ranging between Fibo support level at 1.0798 and Fibo resistance level at 1.1706: "Support is estimated in the mid-1.0800s. Resistance is estimated in the mid-1...
Market players have pushed back expectations of a rate increase since the Fed's Sept.17 meeting, with many traders anticipating the hike as soon as March 2016. But if history is any guide, investors have been getting the Fed's intentions wrong, says Deutsche Bank...
The National Bank of Canada (NBC) are predicting the Canadian dollar to trade softer over coming weeks. The note from NBC comes at a time of outperformance in the Canadian dollar exchange rate complex. Are we therefore at a turning point in the CAD’s fortunes...
Goldman Sachs Asset Management expects the British currency to jump against the dollar as the Bank of England will possibly increase interest rates sooner than the market predicts...
The battered and bruised oil industry could see some upside in the medium term if it sticks with its period of cost cutting, according to Michele Della Vigna, co-head of European Equity Research at Goldman Sachs. "Sentiment is changing," he told CNBC Monday...
Despite the lack of directional dynamics in #GPBUSD after the pair has reached an important resistance level, our order to buy is still in the market. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
An order to sale #USDJPY was closed with a #profit on a breakout of a #fractal level up, where we immediately opened an #order in a northern direction. The pair does not currently show directional dynamics. Find out more by checking out the Source Link...
USDJPY: With USDJPY halting its weakness to close higher the past week, it looks to move higher in the new week. We envisage a possible move towards its range top at the 121.32 level. On the upside, resistance resides at the 120.00 level with a turn above here aiming at the 120.50 level...
The probability of the gold price continuing to go up was so unconvincing that i removed the stop loss i had kept near last month's high and put my faith in my level 2 and 3 set up which was still showing a BEAR trend...
As mentioned in my recent posts, was prepared for the high volatility in the BEARISH price movement. Even in gold prices, was not convinced about the upward movement, as i saw it as a retracement rather than a trend, especially from level 2 and 3 set up...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and GBP/USD. EUR/USD: trading has been rangy and should continue to be given the lack of data until the ECB's meet/ing on Thursday. We prefer selling rallies towards 1.1400/20...