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EUR/GBP Deflates to 0.7840, Session Lows The now increasing buying interest around the sterling is sending EUR/GBP to the area of session lows near 0.7840. EUR/GBP lower on GBP-buying The European cross is navigating fresh 5-day lows around 0...
Fed’s Williams Expects to See Rates Rising Gradually Speaking in Singapore, San Francisco Fed president John Williams repeated that he sees rates rising gradually. Key Quotes: There’s a way to go before Fed shrinks balance sheet Recent inflation developments are very encouraging...
Channel Up identified at 29-Mar-03:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.412 within the next 22 hours. Resistance Levels Support Levels ( A ) 0.9721Last support turning point of Triangle...
Pound Rises Against Majors The British pound strengthened against the other major currencies in the European session on Tuesday. The pound rose to nearly a 2-week high of 162.28 against the yen and a 1-week high of 0.7839 against the euro, from early lows of 161.34 and 0.7872, respectively...
BOJ Policy on Way to Trigger Fiscal Stimulus Bank of Japan’s (BOJ) massive monetary stimulus may not have boost inflation much so far and economy is struggling to recover post sales tax hike of 5% but it is on its way to boost fiscal policy and lead to the release of fiscal stimulus by the govern...
Estimated level: Support (S1 / S2 / S3 = 0,9724 / 08 / 0.9684) and resistance (R1 / R2 / R3 = 0,9772 / 0,9788 / 0,9812). Key resistance levels (1st from 0.9758 to 0.9750 late in the day, the 2nd of 0.9769 to 0.9753...
GBP/USD Retests Hourly 200-SMA at 1.4265 The GBP/USD pair recovered losses and swung higher from a brief dip below 1.42 handle, now heading for a test of 1.43 handle amid improved risk-sentiment. GBP/USD bounces-off lows near 1.4200 The GBP/USD pair rises 0.08% to fresh session highs of 1...
BNP Paribas expects both of the official and the Caixin/Markit PMIs to tick higher from their respective readings of 49 and 48 on Friday. "The unwinding of a seasonal drag from the Lunar New Year and a strong recovery in the property market all argue in favour of some firming in the numbers...
GBP/JPY Nears 38.2% Fibo Resistance GBP/JPY pair regained bid tone following a minor bout of weakness in Europe and is now looking to test 162.47 (38.2% of 175.02-154.72). Trades at two-week high At 162.20, the cross is trading at its highest since March 15th...
USD Looks ‘Cheap’ – Danske Bank In opinion of Jens Pedersen, Senior Analyst at Danske Bank, the greenback could be poised for further upside...
EUR/JPY: Bulls Eyeing March 11 High Offered tone around Yen continues to gather pace, with EUR/JPY cross looking poised to test key technical hurdle of 127.29 (Mar 11 high). European stocks rally, weigh over EUR The cross appears to have lost steam as it approached 127...
Calculated levels today: Support (S1 / S2 / S3 = 1,1163 / 1,1147 / 1,1121), resistance (R1 / R2 / R3 = 1.1214 / 1,1230 / 1,1255). Key support levels (1st from 1.1168 to 1.1187 late in the day, the 2nd of 1.1165 to 1.1185...
Calculated level for today: Support (S1 / S2 / S3 = 1211,66 / 1208,09 / 1202,31), resistance (R1 / R2 / R3 = 1223,21 / 1226,78 / 1232,55). Key level (1st from 1219.25 to 1216.36 at the end of the day, the 2nd ox 1234.45 to 1217.35...
Are divergence trades dead and will this permanently depress the value of the USD? Asynchronous EM and Developed country business cycles, and sharp output/unemployment gap differences within DM, still favor USD positive policy divergence medium-term...
Resistance Levels : ( B ) 0.9789Last resistance turning point of Triangle. Support Levels ( A ) 0.9721Last support turning point of Triangle...
Italy Consumer Confidence, Factory Morale Rebound In March Italy's consumer confidence improved in March after declining in the previous month, on the back of stronger economic expectations, while a better assessment of order books boosted the morale in the manufacturing sector for the first time...
Euro-Area Bonds Move Higher After Egypt Plane Hijack Report Core EGBs, peripheral bonds moved higher while curves flatten ahead of light data calendar today and quarter-end this week; demand for safety supported instrument rises following reports of Egypt plane hijack...
Case-Shiller Home Price Index, (January) - 3/29 - 9:00AM ET BofAML: We expect S&P Case Shiller home prices to increase 0.4% mom SA in January, leaving the yoy rate at 5.4%. Home price appreciation was exceptionally strong at the end of 2015, implying momentum heading into this year...
Eurozone Feb M3 Growth Remains Stable At 5% Eurozone money supply growth held steady in February and private sector credit expanded at a faster pace, the European Central Bank reported Tuesday...
