EUR/USD Technical Strategy: Flat Support: 1.1318, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro is stalling after rising against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. Near-term support is at 1.1318, the 14...
AUD/USD bears eye 0.7960 – 0.8040 range for shorts ahead of Employment report The primary view for the AUD/USD remains on tract as the larger degree correction thought to be in wave ((X)) (correcting the cycle from 0.8297 high) with upside favoring a move in the direction of the 0.7961 – 0...
Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, notes that the recent comments from Fed member’s has reinforced the expectations for a mid-year rate hike by the Fed...
"The Eurogroup isn’t just in the limelight today – they pretty much have the stage to themselves in the absence of major news elsewhere. The vast sums being paid for the rights to broadcast Premiership football have certainly eclipsed all other financial news so far this morning...
Analysts at Deutsche Bank see a positive outcome in the debt Greek situation will have to wait for the time being...
According to Westpac, RBA might cut rates by 25bp in its March meeting, with the inflation outlook posing no barrier for any easing. Key Quotes “The RBA confirmed the end of the “ period of stability in interest rates” in Feb with a 25bp cash rate cut, to 2.25...
The eFXnews Team shares Barclays' view that Friday’s speech of RBA Governor Stevens' speech is likely to be dovish, raising the prospects of a further rate cut by the central bank...
“USD/JPY has broken higher from its converging range and despite strong overhead resistance we will simply go with this break”, notes Commerzbank Analyst, Karen Jones in her report...
Karen Jones, Head of Technical Analysis at Commerzbank, gives the technical setup for EUR/CHF and USD/CHF. Key Quotes “EUR/CHF last week rallied to, tested and held below the 1.0600/70 region – this is the 61.8% retracement of the sell off.” “It is increasingly likely that 1.0670 (61...
Oliver Harvey, Macro strategist at Deutsche Bank, reviews the G10 currencies based on technical measurements to determine which one are the most favourable to trade, noting that while AUD/USD is the most trending currency, the pair appears very stretched from both RSI and RR measures...
Analysts at Kshitij Consultancyshare the technical outlook for AUD/USD. Key Quotes “As it turns out, the intra-day Resistance at 0.7842 mentioned yesterday on the Aussie (0.7775) held well possibly reinforcing the overall downtrend.” “Layers of Resistances coming up overhead now (0.7842, 0...
Talking Points: USD/JPY Technical Strategy: Flat Support: 118.96, 118.10, 116.76 Resistance: 120.82, 121.91, 123.88 The US Dollar may be readying to resume its advance against the Japanese Yen after prices cleared resistance at the top of a two-month-old Triangle pattern...
Talking Points: GBP/USD Technical Strategy: Flat Support: 1.5171, 1.4980, 1.4750 Resistance: 1.5322, 1.5551, 1.5737 The British Pound is consolidating after retreating from resistance at the top of a falling channel guiding the down trend against the US Dollar since mid-September...
Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1318, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro is stalling after rising against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. Near-term support is at 1.1318, the 14...
The relative strength index or RSI is probably the most popular oscillator used by the FX trading community. It was developed by J. Welles Wilder Jr. to gage the strength or momentum of a currency pair...
AUD/USD: Short One short position with a traling stop is still open for the last two weeks. See for more information my weekly reviews on my strategy pubished in the last 2 weeks...
Judging from flows, investors should consider selling the EUR anyway, advises CitiFX. "Turnover is running over twice the recent average, with real money and leveraged names leading a 52% bias to the downside," Citi notes. "A push through support in the 1...
The “Misery” Index Falls to an 8 Year Low (Pragmatic Capitalism) see also Fed’s Rate Dilemma: Job Gains vs...
Talking Points: - Eurogroup meets on Wednesday to discuss Greek debt issues. - Troika representatives will be present at the meeting. - Talks of a 6-month extension have helped lift EUR/USD...
