US Dollar - "The ECB and PBoC have vowed more easing while the RBA and RBNZ have warned more rate cuts may be appropriate. One of the top spring boards to this point, the BoJ seems a bit winded on QE...
Trading recommendations and Technical Analysis – HERE! Released yesterday, the business activity index of purchasing managers (PMI) in the manufacturing sector by Markit Economics in the UK in October, was higher than forecast (55.5 instead of the 51.3 forecast and 51.5 in September...
ECB President Mario Draghi reiterated in his recent speeches the lender was judging the necessity for more monetary stimulus and was prepared for a movement at its December meeting. It would have been better if Mario acted two weeks ago, though, David Shipley of Bloomberg View writes...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and USD/CAD. EUR/USD: We don't think there is any rush to get involved in the pair, as the market seems to be waiting for US payrolls on Friday...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier. It is recommended to read the page Currency score explained and Models in practice for a better understanding of the article...
When looking at the Top 10 in the Monthly Ranking and Rating list we can see that for the coming month the following stronger currencies are well represented for going long: USD(3X) with the GBP(3X) followed by the NZD(2X...
USD/JPY: ranging around reversal level. This pair is on bullish market condition for the ranging within the following key levels: 125.85 key resistance level located far above Ichimoku cloud in the bullish area of the chart, and 118...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, November 3rd AUD/USD rises to one-week highs after the Reserve Bank of Australia left interest rates on hold and signaled the possibility of further rate cuts in the future...
#EURUSD received a double blow after October's meetings of the ECB and the Fed and the #euro is still unable to recover against the #dollar. #Quotations remain in a downward price channel, approaching its resistance line. Find out more by checking out the Source Link...
After the #RBA meeting #AUDUSD rebounded from a #Fibonacci retracement level of 61.8%. It's recommended to consider long positions given the positive fundamental backdrop. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
USD/CAD: bullish. This pair is on bullish market condition with the secondary ranging which was started in the end of Septermebr this year: the price was bounced off 1.3353 resistance level and 1.3456 key resistance level. If the price breaks key resistance at 1...
The Reserve Bank of Australia left the monetary policy unchanged and amid this Australian shares rose, as well as the #Aussie. Such a result was expected, however, some #market participants were tuned to the fact that the interest #rate will be reduced...
Credit Suisse adviced to sell EUR/USD this week based on the following fundamental factors: "The monetary policy divergence has re-emerged, in our view...
The main driving force among the major global currencies at present continues to be the divergence in monetary policy stances between the European Central Bank and the Federal Reserve. European Central Bank (ECB) The ECB will soon be expanding its large-scale quantitative easing programme...
W1 price is on primary bearish with secondary ranging within the following key support/resistance levels: 0.6896 resistance level, and 0.6235 support level. Absolute Strength indicator and Trend Strength indicator are estimating the bear market rally to be started...
GBPUSD: Having GBP capped its intra day gains at the 1.5505/07 zone to close lower on a rejection candle on Monday, risk of a follow through lower continues to build. On the downside, support lies at the 1.5350 level with a break of here turning attention to the 1.5300 level...
Deutsche Bank adviced to sell EUR/GBP this week based on some fundamental weekly forecast: "It’s a big week for sterling followed by the BoE’s QIR on Thursday...
The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: We prefer to fade upticks against resistance in the 1.1100 area. A move below 1...
Here’s the market outlook for this week: EURUSD Dominant bias: Bearish This pair moved sideways during the first few days of last week, and then price broke down again on October 28 to reach the support line at 1.0900...
