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Research Team at Investec, explains that how monetary policy divergence will be a key theme for the global economy next year with the US looks set to see rate rises, albeit gradual ones. Key Quotes “Global Monetary policy divergence will be a key theme for the global economy next year...
Market News
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sathish kumar, 10 December 2015, 06:25
The ongoing rout in the Asian markets extend for the third consecutive session on Thursday, taking the negative lead from the overnight US and the European stocks. While oil prices hovering near six-year lows continued to weigh on the energy and resource stocks...
Market News
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sathish kumar, 10 December 2015, 06:21
Deutsche Bank’s Research Team expects that global economic developments in 2016 will be significantly impacted by a gradual reduction of' liquidity...
Banks
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sathish kumar, 10 December 2015, 06:13
EUR/USD’s upbeat momentum faltered near 1.1050 - key resistance in the previous session, and the price retreated thereon and now looks to give away 1.10 handle as we head into the late-Asian trades. EUR/USD off monthly highs, attacks 1.1000 Currently, the EUR/USD pair loses -0.13% and trades at 1...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 06:12
Goldman Sachs updated their long-term forecast for EUR/USD with more bullish than in previous one: the price will be droped to 1.07 for 3 months instead of 1.02 as the previously forecasted, half a year forecast is 1.05 instead of 1.000, and one year fiorecast is 1.0000 instead of 0...
Forecasts
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Sergey Golubev, 10 December 2015, 06:11 #Goldman Sachs
GBPUSD: Having rallied strongly to reverse its three-day weakness to close higher on Wednesday, GBPUSD faces further bullish offensive. This development leaves more upside threats likely towards the 1.5200 level. Support lies at the 1.5100 level where a break will turn attention to the 1...
Analytics & Forecasts
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FXTechstrategy Team, 10 December 2015, 04:44
The EURUSD high reached 1.10296. The 200 day MA is at 1.10304. The 100 day MA is at 1.10606. The pair is not showing signs of giving up just yet either. The corrections are shallow. The broken trend line at 1.0996 is the last level to be broken. That is now close support...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 04:25
After ending a volatile session witnessed on Wednesday on an upbeat note, the yellow metal extends its recovery mode into Asia and holds firmer above 1070 barrier. Gold: Unable to sustain at higher levels Currently, gold trades 0.15% higher at 1073...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 03:11
USD JPY, “US Dollar vs Japanese Yen” More detailed structure is shown on the H1 chart. It looks like the price is about to finish the wave e in the (iv). On Wednesday, the market may rebound from the triangle’s lower border and start moving upwards in the wave i of (v...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 03:08
USD JPY, “US Dollar vs Japanese Yen” Probably, the market is still forming the wave (v). It’s highly likely that the price has formed the horizontal triangle in the wave (iv). In the future, the pair may start another ascending movement and break its local high...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 03:07
GBP USD, “Great Britain Pound vs US Dollar” As we can see at the H1 chart, Pound has formed the zigzag in the wave (v), the bullish impulse in the wave (a), and then the wave (b). It’s highly likely that in the nearest future the pair may grow in the wave (c) of [ii]...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 03:04
The EUR/JPY pair fell on yen's strength, although remains within its recent range. A technical breakout of the USD/JPY which triggered stops was behind the EUR/USD decline towards 133.51 in the American afternoon...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 03:03
GBP USD, “Great Britain Pound vs US Dollar” After finishing the descending diagonal triangle, Pound started the correction. Later, the price formed the ascending impulse in the wave (a). Later, after completing the local correction, the pair may resume its growth in the wave (c...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 03:00
EUR USD, “Euro vs US Dollar” At the H1 chart, after finishing the diagonal triangle in the wave [v], the pair has rebounded from its lower border and started the correction. It looks like yesterday the market completed the wave [b] in the form of the double zigzag...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 02:57
EUR USD, “Euro vs US Dollar” Last week Eurodollar completed the descending impulse in the wave 3 or C. In the nearest future, the pair may continue forming the wave [c] of the current correction. Later, after finishing it, the price may try to resume its growth...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 02:55
Analysts at Rabobank explained that underlining there is still lots of juice in the 2015 global theme of “FX Wars”. Key Quotes: "(But sadly the wheel of time demands a new one for 2016), the RBNZ cut rates 25bp to 2...
Banks
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sathish kumar, 10 December 2015, 02:51
Making a note of China Central Bank’s open market operations, PBOC drains a net 50 bln Yuan for the week, versus a net 50 injection last week. As for today, PBOC injects 20 bln Yuan through 7 day reverse repos...
Market News
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sathish kumar, 10 December 2015, 02:47 #China
Having faded the recovery near 20-WMA, the USD/JPY pair was relentlessly offered once again as the sell-off in the Asian markets intensified. USD/JPY: Bearish bias intact Currently, the USD/JPY pair trades modestly flat 121.40, recovering slightly from fresh session lows struck at 121...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 02:43
USD CAD, “US Dollar vs Canadian Dollar” At the H1 chart, Super Trends provide support. The closest target is at the 8/8 level. If later the price rebounds from this level, the pair may start a new local descending correction, at least...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 02:37
USD CAD, “US Dollar vs Canadian Dollar” Canadian Dollar continues growing. Earlier, the price was supported by the 5/8 level, from which it rebounded several times. It’s highly likely that in the nearest future the market may test the 8/8 level...
Analytics & Forecasts
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sathish kumar, 10 December 2015, 02:36