Very interesting bitcoin price movement BTCUSD breakout on the chart. Let’s see if the higher low holds. Bullish trend and buy signal if cracks 235...
The risk of deflation continued to weigh on the global economy, as China's manufacturing sector showed excess supply and insufficient demand in January driving down prices and production, says The Guardian...
The Reserve Bank of Australia (RBA) has just become the latest passenger to join the central bank surprise train, with the RBA unexpectedly easing monetary policy a few hours ago. The RBA cut interest rates to a new record-low at 2...
2015-02-03 03:30 GMT (or 05:30 MQ MT5 time) | [AUD - Cash Rate] past data is 2.50% forecast data is 2.50% actual data is 2.25% according to the latest press release if actual > forecast (or actual data) = good for currency (for AUD in our case...
EUR/USD Technical Strategy: Flat Support: 1.1206, 1.1074, 1.0859 Resistance:1.1318, 1.1444, 1.1659 The Euro may be readying to turn upward against the US Dollar after producing a bullish Morning Star candlestick pattern. Near-term rising trend line resistance is at 1...
GBP/USD Technical Strategy: Flat Support: 1.5025, 1.4903, 1.4805 Resistance: 1.5100, 1.5165, 1.5269 The British Pound continues to wait for direction as prices languish in digestion mode below the 1.53 figure against the US Dollar. A daily close above the 14.6% Fibonacci expansion at 1...
Strategists at Westpac see the chance of anoher 25 bp rate cut by the BoC in its March meeting...
As Westpac's chief economist Bill Evans predicted (back on 4th Dec), the RBA cut rates 25bp and going into meeting market took the view it was a 50/50 call. Bill believes the RBA will follow this cut with a further 25bp cut in March...
According to Valeria Bednarik, Chief Analyst at FXStreet, the EUR/USD range might terminate soon and give direction to the single currency which is seen extending its consolidative stage today. Key Quotes “The EUR/USD consolidative stage extends into Thursday, with the pair unable to find a way...
The US dollar bounced-back against the Canadian counterpart in the early European morning, reversing previous losses as profit taking pushed the loonie on the back seat. Back above 1.2600 Currently, the USD/CAD recovered previous losses and traded higher by 0.43% at 1.2622 levels...
Investors following tactical strategies should consider selling AUD/USD into the RBA meeting this week, advises Barclays Capital in its weekly FX pick to clients. The trade is macro-technical driven. On the macro-side, Barclays' rationale is as follows: "We expect the RBA to cut 25bp this week...
Westpac Bank is Australia's First Bank with a range of innovative financial packages to suit your needs. This leading Australian bank offers online banking. Forecasts for EUR / USD, USD / JPY, AUD / USD, NZD / USD, AUD / NZD — Westpac. PS: indicators that you can use in your trading system...
D1 price is on primary bearish with secondary flat since the mddle of last week: The price is located below Ichimoku cloud/kumo which is indicating the primary bearish for this timeframe Chinkou Span line is located too far from the price for any breakout or breakdown in the near future Nearest s...
Russia's economy has had several worrisome quarters, and so far, there is not a positive sign of recovery. The falling oil price, as well as the international sanctions imposed as a result of the ongoing Ukrainian crisis are adding to the jittery sentiment...
The TD Securities Team previews the key events of the week ahead, further expecting US NFP to register an above consensus print at 245k. Key Quotes “The highlight of the week ahead will be the North American employment reports on Friday...
AUD/NZD extended gains for the third straight session as the Aussie outperformed its Oz counterpart ahead of Reserve Bank of Australia’s official cash rate announcement due tomorrow. Currently, the AUD/NZD pair trades at fresh session highs at 1.073- levels, recording a 0.32% gain on the day...
Analysts at UOB Group did not rule out a better-than-expected Non farm Payrolls for the month of January, due on Friday. Key Quotes “In the US, the data highlight for the week ahead is the widely watched non-farm payrolls data for January on Friday”...
D1 price is on primary bullish with secondary ranging: The price is located above Ichimoku cloud/kumo which is indicating the primary bullish for this timeframe Chinkou Span line is located to be far from the price for any good possible breakout or breakdown in the near future Nearest support lev...
Valeria Bednarik, Chief Analyst at FXStreet, notes that selling interested has contained EUR/USD’s advance in the 1.1365 price zone, thus limiting any strong gains for the pair...
According to James Knightley, Senior Economist at ING, with the ECB and BoC having eased policy, the RBA might cut rates 25bp given the weak commodity backdrop and a deteriorating outlook for investment. Key Quotes “At the December Reserve Bank of Australia meeting, the cash rate was left at 2...
