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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...
Trading Systems
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Sergey Golubev, 9 February 2015, 21:11 #S&P 500
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...
Analytics & Forecasts
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Vasilii Apostolidi, 9 February 2015, 19:47
USD/CAD is trading in a lower range on Monday, after falling nearly 100 pips on the back of oil’s rise, with the crude topping $54 a barrel. USD/CAD dropped sharply at the beginning of the New York dragged by loonie’s strength, and hit a low of 1...
Currency
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Andrius Kulvinskas, 9 February 2015, 18:23 #usd/cad
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...
Analytics & Forecasts
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Vasilii Apostolidi, 9 February 2015, 18:16 #EUR/USD
EURUSD, Weekly “BIG picture, monthly RSI has broken out of a triangle pattern. Sometimes, a pattern breakout in momentum (or OBV) precedes the breakout in price. The development’s implications are obviously significant.” A number of calls for parity have been published recently...
Weekly Trends
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Sergey Golubev, 9 February 2015, 18:11 #nzdusd, technical analysis
Analysts at JP Morgan explained that Oil prices have rebounded strongly over the last week and are now up on the year...
Crude Oil
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Andrius Kulvinskas, 9 February 2015, 17:58
In our special Greek election preview report, we highlighted three possible outcomes from the election: a defeat for the anti-austerity Syriza party, a Syriza victory with conciliatory rhetoric toward Greece's creditors, and a Syriza victory with a more confrontational approach...
Analytics & Forecasts
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Andrius Kulvinskas, 9 February 2015, 17:54
This is the month when the future of the eurozone will be decided. This week, Greek leaders will meet with European officials to discuss what comes next for Greece. The new prime minister of Greece, Alexis Tsipras, has already stated that he will not accept an extension of the current bailout...
Events
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GBWT094114, 9 February 2015, 17:38
The J.P.Morgan Team moves from positive to a neutral outlook on the USD this month, with the trade-weighted dollar currently trading above rate expectations, and further gives the year-end forecast for EUR, INR, MXN and BRL against the dollar...
Analytics & Forecasts
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Andrius Kulvinskas, 9 February 2015, 16:51
According to BBH, crude oil’s correction is not over yet and the price might extend to around $60/barrel. Key Quotes “While we are not convinced a significant low is in place, technical considerations suggest the correction is not over either...
Crude Oil
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Andrius Kulvinskas, 9 February 2015, 16:15
Original article found on my website at www.daxtrader.co.uk Good morning traders! Let's get to it! This week: I would love to short from 11k, there are tons of orders up there and we have a lot of reasons to turn bearish at the moment, which we will see on the charts...
Analytics & Forecasts
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Christopher Bailey, 9 February 2015, 16:13 #dax
The Growth Aces Research Teamviews the short-term outlook for USD/CAD as unclear, but stay bullish on the pair over the medium-term. Key Quotes “We stay sideways on the USD/CAD...
Trading Ideas
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Andrius Kulvinskas, 9 February 2015, 16:05 #usd/cad
Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, comments that official creditors see Europe better positioned for a Greek exit. Key Quotes “Most observers weighing in on the issue of Greece have emphasized economic and financial linkages...
Forecasts
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Andrius Kulvinskas, 9 February 2015, 15:52
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, shares that EUR is soft as a result of building Greek uncertainty, with the pair expected to end-2015 at 1.05 levels. Key Quotes “EUR is flat to Friday’s close, having trading in a notably small 1.1286 to 1...
Market News
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Andrius Kulvinskas, 9 February 2015, 15:23
On Monday the Organization of the Petroleum Exporting Countries announced demand for its own oil will rise in 2015 amid a slowdown in the US oil industry, in a sign that the cartel’s policy of maintaining output despite the steep fall in crude prices since last summer appeared to be working...
Crude Oil
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News, 9 February 2015, 15:14 #OPEC, WTI, Brent
According to Jane Foley, Senior Currency Strategist at Rabobank, the solid tone in the USD and the prospect of a closer than expected rate hike by the Fed will keep the pair depressed...
Forecasts
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Andrius Kulvinskas, 9 February 2015, 14:59 #EUR/USD
The Australian dollar shrugged off Chinese trade data and managed to recover from lows during the last hours, climbing back above the 0.7800 level against the greenback and filling the weekly opening gap. AUD/USD bounced off a low of 0.7747 and rose more than 70 pips through the 0...
Currency
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Andrius Kulvinskas, 9 February 2015, 14:58
The Canadian dollar is now gathering steam vs. its neighbour on Monday, relegatingUSD/CAD to intraday lows around 1.2480. USD/CAD weaker post-data The pair is now accelerating its daily decline from the 1...
Currency
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Andrius Kulvinskas, 9 February 2015, 14:45 #usd/cad
On Monday the greenback edged higher against the other major currencies, as growing concerns over a potential Greek exit from the euro zone weighed on market sentiment and as Friday's strong U.S. employment data continued to back the US currency...
Currency
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News, 9 February 2015, 14:43 #usd/jpy, forex news, EUR/USD
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, comments that CAD is up, digesting stronger oil prices and a slightly improved global growth outlook. Key Quotes “CAD is up, but has traded in a relatively narrow range during the Asian and European sessions...
Crude Oil
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Andrius Kulvinskas, 9 February 2015, 14:42