Morgan Stanley stated that AUD is in oversold related to USD but, anyway, they believe for the bearish trend to be continuing: AUD: Domestic Story Deteriorating. Bearish. "Despite the sell-off already seen in AUD, we believe there is scope for further weakness...
CRUDE OIL: Having followed through lower on the back of its Friday losses on Monday, further decline looks likely in the days ahead. This view is line with its rejection candle on the weekly hart and its failure ahead of the 49.30 area last week. On the downside, support resides at the 44...
Morgan Stanley believes in bearish GBP related to USD, the question now is the following: where to sell? GBP: Waiting for Opportunities to Sell. Bearish. "We maintain our bearish GBP view, but are cautious that current levels may not be the most attractive to enter short positions...
USDJPY: With the pair halted its weakness to strengthen on Monday, it faces the risk of further move higher in the days ahead. On the upside, resistance resides at the 120.00 level with a turn above here aiming at the 120.50 level. A break will target the 121.00 level...
EUR/USD has moved closer to the upper-side of its daily range but overall continues to trade very quietly given the US Labour Day holiday. EUR/USD recovered some ground and has continued to move away from last week’s lows but lacked...
Here’s the market outlook for this week: EURUSD Dominant bias: Bearish Though EURUSD consolidated for the most part last week, the bias on the market is bearish as bullish pressure has seriously waned. This pair consolidated to the downside and might reach the support lines at 1.1100 or even 1...
Here’s the market outlook for this week: EURUSD Dominant bias: Bearish Though EURUSD consolidated for the most part last week, the bias on the market is bearish as bullish pressure has seriously waned. This pair consolidated to the downside and might reach the support lines at 1.1100 or even 1...
Morgan Stanley believes in neutral JPY related to USD that means the bullish trend to be continuing with secondary ranging market condition: JPY: Watch Wages. Neutral...
The European Central Bank’s plan to pour cash into the financial system by purchasing bonds was supposed to ignite the same celebration of risk-taking it did in the U.S. six years ago...
GBPJPY: With the cross halting its weakness to trigger a rally during Monday trading session today, further bullish offensive is expected in the days ahead. This price action leaves room for more strength towards the 183.00 level followed by the 184.00 level...
Current trend On Friday, the price of Brent crude oil continued falling and reached the level of $50.00 per barrel. The price started the fall after the ECB revised it economic forecasts for the eurozone...
Friday’s August nonfarm payrolls report did little to change analysts’ expectations, which are split almost evenly, that the Fed will raise rates on September 17...
The #FX #market is calm today and all our #trading positions are still relevant. The dynamics of the #USDJPY may be interesting later as tonight Japan will publish its GDP data. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Market sentiment has been damaged with the recent correction and will hardly improve in the short term, setting stocks up for a volatile September as international worries overshadow domestic ones...
Morgan Stanley believes in bullish USD irrespective of commodity, China and some insinuations around Fed hike: USD: USD Strong Against EM. Bullish. "We believe that USD strength will continue to be focused against commodity and EM currencies...
The long-term “bearish divergence” in the S&P 500’s chart signals it is still much too soon to try to pick a bottom. Let us have a look at four charts...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, September 7th AUD/USD is slowly recovering after decline of last week, when the pair fell below 0.70 to 0.6908 level – the six year lows. Data showed that job advertisements in Australia rose 1...
United Overseas Bank made a forecast for EUR/USD for today expecting the ranging market condition between 1.1105 and 1.1205: "Expect sideway trading for today, likely between 1.1105 and 1.1205." "As long as 1.1255 is not taken out, we continue to expect an eventual move lower to 1.1015...
We are out of the #market in #gold, having no #signals to enter and waiting for breakouts. In #GPBUSD #bears continue to go on the offensive. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
