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Pivot Points-Hourly Last Updated: Mar 11, 2:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.10335 1.10629 1.1073 1.10923 1.11024 1.11217 1.11511 USD/JPY 113.447 113.627 113.705 113.807 113.885 113.987 114.167 GBP/USD 1.42277 1.42588 1.42722 1.42899 1.43033 1.4321 1.43521 USD/CHF 0.98428 0...
The ECB delivered significant easing measures on Thursday, lowering its depo rate by 10bp, cutting its refi rate by 5bp, increasing the run rate of asset purchases, adding scope to purchase corporate debt and announcing additional long-term repo operations...
The ECB today announced that it was cutting the main refinancing rate by 5bp to 0%, cutting the marginal lending rate by 5bp to 0.25%, cutting the deposit facility rate by 10bp to -0...
Analysis : Triangle has broken through the support line at 10-Mar-00:00 2016 GMT. Possible bearish price movement forecast for the next 3 days towards 73.957. Supporting Indicators : Downward sloping Moving Average Resistance Levels...
The euro has strengthened sharply following the ECB’s announcement of more aggressive easing, notes BTMU. "The counter intuitive reaction sends a bullish signal for the outlook for the euro in the near-term...
EUR/USD: Outlook turn bullish but upside likely limited to 1.1245. The strong overnight rally is accompanied by impulsive momentum and the outlook for EUR in the next 1 to 2 weeks has shifted to bullish from neutral. That said, it is very likely that we have seen a bulk of the move...
Technical Analysis of USD/CAD for March 11, 2016 General overview for 11/03/2016: The weekly pivot point at the level of 1.3396 was tested after the data release and it capped the price...
Technical Analysis of EUR/USD for March 11, 2016 When the European market opens, some economic news on the Italian Industrial Production m/m and German Final CPI m/m is due to be released. The US will deliver the economic data on the Import Prices m/m...
Yesterday, the #ECB has announced a number of extraordinary measures to maintain the economy of the euro zone. The monetary policy has never been so ultra-soft! All that the market had expected from Mario #Draghi was a reduction of the deposit rate, but he surpassed himself...
Technical Analysis of USD/JPY for March 11, 2016 In Asia, Japan will release the BSI Manufacturing Index. The US will publish some economic data on the Import Prices m/m.So, there is a probability that the USD/JPY pair will move with low to medium volatility during this day...
Technical Analysis of Gold for March 11, 2016 Technical outlook and chart setups: Gold has managed to push higher and test recent highs of $1,279.00 before pulling lower again. The metal had push through the levels of $1,283.50 earlier, but dropped lower towards $1,277.00/78.00...
Technical Analysis of EUR/JPY for March 11, 2016 Technical outlook and chart setups: The EUR/JPY pair rallied through the levels of 126.80 yesterday. The pair is trading at 126.50 now, looking for an opportunity to reverse lower below 122.00. Please note that the rally from 122...
Technical Analysis of GBP/CHF for March 11, 2016 Technical outlook and chart setups: The GBP/CHF pair has dropped lower and is currently trading at 1.4040. The pair might have completed its correction and should be preparing to resume its rally towards the level of 1.4300...
Commodity Currencies Gain On Rebounding Oil Price Commodity currencies such as the Australian, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Friday amid rising risk aversion, as sentiment improved on rebounding oil prices...
USD/JPY Swings Back to 113.60 as Nikkei Rebounds The bulls found solid support near 5-DMA at 113.17 and swung back higher into gains, now taking on the recovery towards 114 handle...
ECB: Rethinking its Strategy? – Rabobank Research Team at Rabobank, notes that the ECB cut its deposit rate by 10bp to -0.40% and its main refinancing rate by 5bp to 0...
Brexit Scenarios: The Good, the Bad and the Ugly – HSBC Simon Wells, Chief UK Economist at HSBC, suggests that armed with a measure of uncertainty, its potential impact on GDP and what the policy response might be, they outline three ways in which the economy might be impacted in the event of a v...
Negative Interest Rates: The world Turned Upside Down Research Team at NAB, suggests that the latest ECB move highlights negative interest debate...
EUR/USD: U-turn, After Draghi Suggested Little Scope for Further Action Sean Callow, Research Analyst at Westpac, notes that the EUR/USD dropped about 1.5 cents in response to the ECB’s various easing measures but later reversed sharply, surging 4 cents to above 1...
