The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD. EUR/USD: Although the heavy tone continues, support has held well around 1.1260-70 since the end of January. Sell rallies toward resistance at 1.1420-40...
US DOLLAR TECHNICAL ANALYSIS Prices may be preparing to decline after prices put in a bearish Evening Star candlestick pattern. Negative RSI divergence reinforces the case for a downside scenario. Near-term trend line support is in the 11740-73 area, marked by a rising trend line and the 14...
The Growth Aces Research Teamshares the trade setup for GBP/USD, further adding that Thursday’s BOE’s inflation report might be supportive for the cable as markets might reassess its rate hike expectations...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, explains that USD/CAD is stuck in the 1.2352 to 1.2564 range, and is looking at oil prices and WTI’s ability to break and close above 50‐day at 53.51 levels for direction. Key Quotes “CAD is down 0...
On Thursday the Bank of England will release its February Inflation Report, whichGoldman Sachs expects that it will deliver a modestly hawkish message to the market...
Focus of the day: "The Greek government and European authorities are far from any potential agreement, with still very different positions, although we have seen some steps in the right direction...
The TradeTheNews Team shares that independent Greeks Party Kammenos commented that Greece had a plan ‘B’ if the EU remained rigid on any agreement in tomorrow’s meeting, which eased the Greek tension a bit. Key Quotes “The focus remained on the Greek situation in Europe...
The Bank of Nova Scotia (French: Banque de la Nouvelle-Écosse), commonly known as Scotiabank (French: Banque Scotia), is the third largest bank in Canada by deposits and market capitalization. The following are Scotiabank's latets forecasts (end of period) for major currencies...
EUR: The single currency continued to meet selling interest just above 1.1350 and has retreated in European morning, offers are still noted at 1.1350-55, 1.1370-80 and 1.1400, sell orders are reported at 1.1420, 1.1460 and 1.1485, selling interest should emerge around 1.1500, 1.1520 and 1...
The eFXnews Team shares SEB’s intraday outlook for EUR/USD. Key Quotes “Awaiting a 'B-wave' Break (<1.1262). One day older and more wiser...A sub-1.1262 break is needed to fully confirm a correctional peak in place (@1.1534) - and if so another sub-1.11 test would become highly likely...
Talking Points: GBP/USD Technical Strategy: Flat Support: 1.5180, 1.4980, 1.4807 Resistance: 1.5322, 1.5551, 1.5737 The British Pound stalled after correcting lower from the top of a falling channel encapsulating the down move against the US Dollar since mid-September. Near-term support is at 1...
Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1318, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro remains in digestion mode after bottoming as expected against the US Dollar following the appearance of a bullish Morning Star candle pattern...
The single currency remains above the 1.1300 handle during the first half of the week, with the main focus on the Greek developments. Emmanuel Ng, FX Strategist at OCBC Bank, suggested, “Our view remains intact and we expect the EUR-USD to sit precariously on the 1...
GBPCAD is a currency pair that trends in a nice fashion. The pullbacks offer traders a nice place to enter on the longs. In this trade analysis for GBPCAD, we primarily focus on a counter trend trade idea based on the following factors...
The stochastic oscillator is a commonly used momentum indicator that measures the current currency price compared to its historical price for a given time period...
EUR/USD price-action from the Jan. 26th low looks like a complete ABC pattern which is characteristically corrective, notes Goldman Sachs. "It also tested and held the 21-dma for four consecutive days without breaking the pivot (this now stands at 1.1488...
The UK’s future relationship with Europe will be a key issue at the May 7 General Election as David Cameron has promised to hold a referendum on the UK’s membership of the European Union (EU) by the end of 2017 if he remains Prime Minister, notes ING...
Booming jobs and falling gas prices make this the best economy in 15 years (WaPo) see also Revisions Made This A Blockbuster Jobs Report (fivethirtyeight) Jeffrey Gundlach’s Surprising Bond Forecast (Barron’s) Who Will Rule the Oil Market...
This week the G10 FX Financial Scorecard recommends buying JPY, USD and SEK while selling CAD, NZD and AUD (see suggested weights in portfolio in table below). Last week’s signals resulted in a 0.3% loss...
Greece remains perilous, and the short-term stakes have ratcheted higher still after the ECB waded into the political debate by shutting off one path for Greece to access to cash, notes National Australia Bank (NAB...
