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According to analysts from TD Securities today’s decision and documents from the Bank of England support the view of a rate hike at the May 2016 meeting...
Forecasts
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Mirko Cerulli, 5 November 2015, 18:12
Goldman Sachs made long-term forecast for AUD/USD for 2016 stated that the price will be continuing with the bearish trend up to 0.69 at year-end: Instrument Q1 Jan'16 Q2...
Forecasts
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Sergey Golubev, 5 November 2015, 18:11 #Goldman Sachs
According to analysts from TD Securities today’s decision and documents from the Bank of England support the view of a rate hike at the May 2016 meeting...
Analytics & Forecasts
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Khurram Mustafa, 5 November 2015, 18:07
Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair has recovered from a fresh multi-month low set at 1.0833 during the Asian session, initially falling on a strong advance in local share markets...
Analytics & Forecasts
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Khurram Mustafa, 5 November 2015, 17:23
Economists from Wells Fargo pointed out that inflation expectations continue to ease further but mentioned that low inflation is not necessarily a reason to put the Fed’s first rate hike off even further, warning also that still remains a strong argument to move slowly in the case of a liftoff...
Analytics & Forecasts
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Khurram Mustafa, 5 November 2015, 17:02
After another rejection from the 1.0900 handle, EUR/USD has now returned to the 1.0870/65 band. EUR/USD capped by 1.0900 The pair’s downside seems to have found some support around 1.0830, although the broader bearish picture remains unaltered so far...
Analytics & Forecasts
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Khurram Mustafa, 5 November 2015, 16:34
USD/CAD edged slightly higher but overall remained well within its daily range as the loonie weakened following the release of below expectations Canadian manufacturing data. The Ivey Purchasing Manager PMI fell to 53.1 seasonally adjusted in October, from 53.7 the previous month and below the 54...
Analytics & Forecasts
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Khurram Mustafa, 5 November 2015, 16:30
The perspective for the Mexican currency remains neutral, suggested BofA Merrill Lynch Global Research. Key Quotes “We stay neutral on the Mexican peso”. “The secular strengthening trend of the US dollar will continue, in our view”...
Analytics & Forecasts
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Khurram Mustafa, 5 November 2015, 16:29
The Canadian dollar is trimming part of its initial losses vs. the euro, taking EUR/CAD to test the key support at 1.43 the figure. EUR/CAD lower on data The cross has retreated from the area of daily tops near 1.4350 after Canadian Ivey’s PMI has ticked lower to a seasonally adjusted 53...
Analytics & Forecasts
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Khurram Mustafa, 5 November 2015, 16:29
The outlook on the Aussie dollar in the near term remains tilted to the neutral side, according to Strategist Sean Callow at Westpac...
Analytics & Forecasts
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Khurram Mustafa, 5 November 2015, 15:57
The sterling is now accelerating its daily decline vs. the greenback, relegating GBP/USD to trade in 3-week lows near 1.5230. GBP/USD much weaker post-Carney, BoE The pound has been hammered as the BoE has removed any hopes of an early rate hike at today’s meeting...
Analytics & Forecasts
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Khurram Mustafa, 5 November 2015, 15:47
AUD/USD advanced to fresh daily high at the beginning of the American session as the greenback weakened somewhat following the release of soft US data...
Analytics & Forecasts
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Khurram Mustafa, 5 November 2015, 15:46
The US Dollar Index, which tracks the greenback vs. its main rivals, is now trading almost unchanged, retracing the earlier spike to the 98.20 area. US Dollar in 3-month peaks The index is looking to consolidate the recent advance to the 98...
Analytics & Forecasts
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Khurram Mustafa, 5 November 2015, 15:46
Gold prices recovered losses in the US session after a batch of weak US data, but gains remained muted ahead of Friday’s non-farm payrolls...
Analytics & Forecasts
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Khurram Mustafa, 5 November 2015, 15:45
GBP is underperforming following the BoE’s Super Thursday (decision/statement/minutes/Inflation Report) with a less hawkish shift hinting to the emergence of a gap between the normalizing Fed and a BoE that appears set to remain on hold for longer than previously expected, said Eric Theoret, FX S...
Analytics & Forecasts
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Khurram Mustafa, 5 November 2015, 15:44
U.S. stocks opened slightly higher on Thursday as contrasting earnings and economic data dominated headlines...
Market News
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News, 5 November 2015, 15:43 #Wall Street, Nasdaq
Oil prices declined on Thursday on worries Iranian oil will add to existing supply glut...
Crude Oil
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News, 5 November 2015, 15:32 #WTI, Brent, crude oil
W1 price is located below 200 period SMA and 100 period SMA for the primary bearish with secondary ranging between 0.6084 Fibo support level and 0.6896 Fibo resistance level: Symmetric triangle pattern was formed by the price to be crossed for direction. If the price breaks 0...
Wave Count
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Sergey Golubev, 5 November 2015, 15:11 #Fibonacci, nzdusd
The upside momentum in the USD/JPY pair stalled at 122.00, making way for a fall back to 100-DMA at 121.76 levels. USD pares gains on uptick in jobless claims The USD pared gains after the last week’s jobless claims in the US printed at 276K compared to the expected print of 262K...
Analytics & Forecasts
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Khurram Mustafa, 5 November 2015, 15:07
The Bank of England in its November inflation report highlighted that the U.K. economy will take a serious blow if China suffers a hard landing...
Analytics & Forecasts
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News, 5 November 2015, 14:34 #inflation, Bank of England