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Bulls seriously got down to business and boosted the growth of the #Gold to the highest for the last thirteen months levels. Considering technical factors, the chances of re-growth are very high. Find out more by checking out the Source Link...
It is recommended to close the existing positions in #EURUSD and stay out of the market before the release of #NFP. Depending on the actual numbers, but rather the degree of deviation from their expected values, we will have a further movement in either direction...
Technical Analysis of EUR/JPY for March 4, 2016 General overview for 04/03/2016: The golden trend line had been successfully tested from the upside and the market bounced higher towards the intraday resistance at the level of 125.00...
Technical Analysis of USD/CAD for March 4, 2016 General overview for 04/03/2016: The high for the wave b purple had been made around the intraday resistance at the level of 1.3498. Currently, the price is trying to break out below the intraday support at the level of 1...
There is room for a bit more retracement in USDCAD but the longer-term uptrend (the C-wave) is not yet complete, notes Moragn Stanley. "USDCAD has now crossed through the 1.3457 high from September and has far exceeded the 61.8% retracement of the bullish leg from 1.2832 to 1.4690, MS adds...
Investors are focusing their attention on February’s US jobs report which will be released at 13:30 GMT. We are expecting the Nonfarm payrolls which is expected to rise from January’s disappointing 151 to 190, the unemployment rate and inflation of wages is expected to remain unchanged at 4...
In their weekly notes to clients today, the FX strategy teams at Societe Generale and BNP Paribas advise investors to position for a possible EUR bounce heading into and after the upcoming ECB March meeting next week...
EUR/USD: Change to Neutral: Bearish phase ended quickly. Bullish only if daily close above 1.1005/10. When we turned bearish on Monday (29 Feb), we had a ‘modest’ downside target of 1.0810. The low has been 1.0823 and the subsequent strong rebound from the low took out the stop-loss at 1.0965...
Analysis : Channel Down has broken through the resistance line at 03-Mar-17:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 1.091. Supporting Indicators : Upward sloping Moving Average Resistance Levels...
There is no trade call for the session. The European session is decidedly light, however the NY session will see employment figures from the US which will no doubt cause volatility. US Employment Data is released today 1:30pm GMT...
Talking Points: February’s US employment report in the spotlight across financial markets Data’s non-impact on March rate hike bets may restrict trend development Upside surprise may translate into US Dollar strength in the weeks ahead All eyes are on February’s US Employment report in the final...
04 March 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 13:30 Non-Farm Employment Change USD High 195K 151K Positive 13:30 Average Hourly Earnings m/m USD High 0.5% 0.2% Neutral 13:30 Unemployment Rate USD High 4...
THE NFP REPORT IS EXPECTED TO BREAK ABOVE 200,000 NEW JOBS IN FEBRUARY U.S. employment data has been mixed ahead of the U.S. non-farm payrolls (NFP) report...
Pivot Points-Hourly Last Updated: Mar 4, 11:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09297 1.09393 1.09446 1.09489 1.09542 1.09585 1.09681 USD/JPY 113.547 113.707 113.784 113.867 113.944 114.027 114.187 GBP/USD 1.41024 1.41285 1.41383 1.41546 1.41644 1.41807 1.42068 USD/CHF 0.98868 0...
Pivot Points_Daily Last Updated: Mar 4, 11:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.06875 1.08068 1.08806 1.09261 1.09999 1.10454 1.11647 USD/JPY 111.794 112.765 113.213 113.736 114.184 114.707 115.678 GBP/USD 1.38081 1.397 1.40706 1.41319 1.42325 1.42938 1.44557 USD/CHF 0.97492 0...
Pre European Open, Daily Technical Analysis Friday, March 04, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the upside prevails. Pivot: 1.0890 Most Likely Scenario: long positions above 1...
The day came when the United States will publish one of the most important indicators – non-farm payrolls (#NFP). Many analysts expect that the economy has added more than 200 000 jobs. Whether it did or not, we will know during the U.S. trading session...
USD/CAD Consolidates in the Low-1.3400s, Payrolls eyed The Canadian dollar is giving away some of its recent gains vs. the greenback, with USD/CAD now meandering a narrow range in the 1.3415/10 region...
USD/JPY: Recovery Picks-up Pace, Nears 114 The USD/JPY pair found good support near 113.25 region and swung back higher, in response to the renewed rally seen in the Chinese equities. USD/JPY takes-out support-turned resistance 20-DMA at 113...
