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In a near replay of the tumble, then rally, seen in December, the euro Thursday moved first sharply lower and then sharply higher in response to European Central Bank policy actions. On Dec. 3, the euro rallied 4.3%, from a $1.0524 trough to a $1...
Bank of America Merrill Lynch got it impressively right on their EUR trading strategy for the ECB March meeting. Going into the meeting, BofA made 2 calls: 1. to take profit soon on EUR shorts around the meeting; and, 2. to buy EUR dips post the meeting...
The recent bounce in oil prices has helped CAD and NOK regain some ground. We doubt that the bout of appreciation will grow into an FX uptrend, however. The oil outlook is still clouded by lingering oversupply concerns and global demand fears...
The European Central Bank cut all three of its interest rates and expanded its asset-buying program on Thursday, delivering a bigger-than-expected cocktail of actions to boost the economy and stop ultra low inflation becoming entrenched...
The European Central Bank (ECB) delivered a surprise package of measures to kickstart Europe's economy on Thursday, cutting its main interest rates and expanding its massive bond-buying program...
Having failed to live up to expectations late last year, the ECB today stepped up with stimulus that actually went beyond what was anticipated. The cut in the deposit rate further into negative territory was expected, and that now stands at -0.4% (previously -0.3...
A result of an order to sale #USDJPY was fixed with a small loss at 113.38. Currently, according to the System rules, we have pending orders at the levels of the nearest fractals. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers...
We are holding sales in #Gold from 1259.19. During the last 24 hours we have added volume to this position in accordance with corresponding signals. The red Alligator's line has moved almost to the opening level. Find out more by checking out the Source Link...
Pound sterling is showing tentative signs that it might be slowing its decline, and possibly even preparing for a recovery rally. French lender BNP Paribas argue the pound is undervalued according to their own in-house valuation model, called CLEER...
Volume Scalping DashBoard Version 1.1 Version 1.1 - 2016.03.09 v1.1 Defect correct: TF + doesn't increase correctly https://www.mql5.com/en/market/product/14861...
EURJPY: Having the cross turned higher on recovery on Wednesday, further upside momentum is likely in the days ahead. Support comes in at the 124.00 level where a break will aim at the 123.50 level. A turn below here will target the 123.00 level with a breach turning focus to the 122.50 level...
Dear Traders, The big day for the euro finally arrived and market participants are hoping that Draghi will put an end to the euro's recent lethargy...
Today, #EURUSD is expected to be in focus. The reason is simple - at 12.45 GMT the ECB will announce its decision on the future monetary policy. This may mean serious changes in technical and fundamental picture. Find out more by checking out the Source Link...
After the meeting of the Bank of Canada the loonie gained support, climbing up to four-month highs against the U.S. dollar. Currently #USDCAD is approaching the long-term support line of the uptrend that has started back in July 2014. Find out more by checking out the Source Link...
EUR/USD: After probing a multi month descending trend and early February lows of 1.08, EUR/USD embarked on a rebound. The recovery seems to be running out of steam as the pair has faced resistance at graphical level of 1.1060/1...
Technical Analysis of USD/CHF for March 10, 2016 USD/CHF is expected to trade in a bullish bias above 0.9940. The pair stands firmly above its nearest support at 0.9940, and is likely to post a new rebound in the coming trading hours. The relative strength index is mixed to bullish...
Ahead of Thursday's ECB meeting, our call has not substantially changed from four weeks ago. Our baseline is that the ECB will cut the depo rate by 10bp—tiering the deposit rate would allow the ECB to do a small cut rather than a big one...
Technical Analysis of NZD/USD for March 10, 2016 NZD/USD is expected to trade in a lower range. The pair yesterday broke below its intraday trading range pattern, which should confirm a bearish outlook. The 20-period simple moving average is also turning down, and crossed below the 50-period one...
Despite widespread expectations of European Central Bank easing at this week's meeting, the euro maintained a firm tone around $1.1000 Wednesday...