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...
The US dollar extended gains against the Canadian counterpart from a choppy Asian session, inching towards fresh six-year highs reached at 1.2798 levels in the last week. Eyes 1.2800 levels Currently, the USD/CAD pair traded higher by 0.23% at 1.2763 previously clocked intraday high at 1...
At 0330 GMT tomorrow (Tuesday 3rd Feb 2015) The Reserve Bank of Australia (RBA) will announce the official Cash Rate at it's first board meeting for the year...
The Danske Bank Research Team previews today’s Eurozone and US data releases. Key Quotes “Euro PMI manufacturing is due for release and the flash estimates in the periphery will attract most attention...
According to FXStreet Editor and Analyst, Omkar Godbole, the EUR/USD pair is likely to breach the channel support at 1.1286 levels and move lower to retest 1.1220 – 1.1240 levels. Key Quotes “The EUR/USD pair finished weak on Friday at 1.1299, well below the 5-DMA located currently at 1...
