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The technical strategy teams at CitiFX and SocGen provide some insights on the current technical setups for EUR/USD, and USD/JPY noticing some key signals for their short term direction. Citi: EUR/USD: Watch a weekly close below the 55 week moving average at 1.1036...
Analytics & Forecasts
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Vasilii Apostolidi, 26 February 2016, 09:43 #usd/jpy, EUR/USD
Euro, US Dollar Outlook Hinges on Inflation Data Talking Points: Euro may find interim support if Germany’s flash CPI data tops forecasts US Dollar may fail to capitalize as core PCE inflation hits 15-month high NZ Dollar gains with milk prices as dairy exports rise most since Aug’14...
Analytics & Forecasts
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Mohammed Abdulwadud Soubra, 26 February 2016, 09:42
EUR/USD: Neutral: Daily closing below 1.0990 would shift outlook to bearish. For three days in a row, EUR dipped below the crucial 1.0990 support but each time, it rebounded to close above. As highlighted in recent updates, only a daily closing below 1...
Analytics & Forecasts
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Vasilii Apostolidi, 26 February 2016, 09:40 #usd/jpy, GBP/USD, EUR/USD
Pivot Points-Hourly Last Updated: Feb 26, 11:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.10207 1.10383 1.10477 1.10559 1.10653 1.10735 1.10911 USD/JPY 112.366 112.59 112.727 112.814 112.951 113.038 113.262 GBP/USD 1.39327 1.39581 1.39731 1.39835 1.39985 1.40089 1.40343 USD/CHF 0.98654 0...
Market News
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Mohammed Abdulwadud Soubra, 26 February 2016, 09:40
EUR/USD trims gains, drops to 200-DMA as European stocks rise 26 Februari 2016 8:16 AM The stocks markets in Europe opened higher, establishing risk-on trade and thus pushing the EUR/USD pair back to its 200-DMA located at 1.1047...
Market News
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Roberto Jacobs, 26 February 2016, 09:38
EUR/USD forecast: eyes on US GDP – Commerzbank and Danske Bank 26 Februari 2016 7:19 AM EUR/USD is confirming its recent upbeat momentum, although the upside run out of legs around 1.1070 ahead of the US GDP figures due later...
Market News
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Roberto Jacobs, 26 February 2016, 09:33
G20 FINANCE MINISTERS AND CENTRAL BANK GOVERNORS TO MEET IN SHANGHAI THIS WEEKEND The global economy is in a fragile state following a volatile start of the year that has reduced equity valuations and continues to pressure energy prices downward...
Analytics & Forecasts
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Mohammed Abdulwadud Soubra, 26 February 2016, 09:32
EUR/USD retreats from 1.1070, focus on German CPI 26 Februari 2016 7:11 AM The upside momentum in the single currency is now easing a tad, dragging EUR/USD to the mid-1.1000s ahead of the European open. EUR/USD attention to EMU, German data The pair remains in the mid-1...
Market News
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Roberto Jacobs, 26 February 2016, 09:30
26 February 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 08:00 Spanish Flash CPI y/y EUR Med. -0.3% -0.5% Negative All Day G20 Meetings - High - - - 13:30 Preliminary GDP q/q USD High 0.7% 0...
Analytics & Forecasts
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Mohammed Abdulwadud Soubra, 26 February 2016, 09:29
USD/CAD unchanged in the mid-1.3500s, oil eyed 26 Februari 2016 6:50 AM USD/CAD is looking to consolidate around 1.3550 following yesterday’s deep sell-off to multi-week troughs...
Market News
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Roberto Jacobs, 26 February 2016, 09:27
Crude Oil (WTI) (J6) Intraday: bullish bias above 31.20. Pivot: 31.20 Most Likely Scenario: long positions above 31.20 with targets @ 33.55 & 34.20 in extension. Alternative scenario: below 31.20 look for further downside with 30.50 & 29.80 as targets. Comment: the RSI is mixed to bullish...
Crude Oil
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Mohammed Abdulwadud Soubra, 26 February 2016, 09:25
EUR/GBP retreats from highs, near 0.7910 26 Februari 2016 6:36 AM EUR/GBP is so far managing well to keep the trade in the upper bound of the weekly range, now around 0.7910 after a brief test of the 0.7125/30 band. EUR/GBP consolidates above 0...
Currency
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Roberto Jacobs, 26 February 2016, 09:22
Elliott wave analysis of EUR/NZD for February 26, 2016 26 Februari 2016 11:44 AM Wave summary: It is very disappointing to see this cross making a new corrective low. The breakout below the former low of 1.6338 has just made this correction even more complex and calls for a move closer to 1...
Analytics & Forecasts
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Roberto Jacobs, 26 February 2016, 08:54
Elliott wave analysis of EUR/JPY for February 26, 2016 26 Februari 2016 11:35 AM Wave summary: A sharp rally from a low of 122.42 clearly confirms that wave a is over and wave b is unfolding now. The first wave b targets the level of 127.41, but we could move even closer to 130...
Analytics & Forecasts
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Roberto Jacobs, 26 February 2016, 08:47
Daily analysis of USDX for February 26, 2016 26 Februari 2016 9:53 AM The USDX is finding dynamic support above the 200 SMA and trying to extend the rebound until the resistance level of 97.77. When the index achieves in breaking the support level of 97...
Analytics & Forecasts
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Roberto Jacobs, 26 February 2016, 08:44
Daily analysis of GBP/USD for February 26, 2016 26 Februari 2016 9:52 AM The GBP/USD pair is trying to break the support level of 1.3963, but we have witnessed rejection from that level, and now the pair is doing a corrective move towards the level of 1.4069...
Analytics & Forecasts
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Roberto Jacobs, 26 February 2016, 08:41
Technical analysis of EUR/USD for February 26, 2016 26 Februari 2016 9:44 AM When the European market opens, economic news on the Italian 10-y Bond Auction, Spanish Flash CPI y/y, French Consumer Spending m/m, and German Prelim CPI m/m is due to be released...
Analytics & Forecasts
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Roberto Jacobs, 26 February 2016, 08:23
Technical analysis of USD/JPY for February 26, 2016 26 Februari 2016 9:43 AM In Asia, Japan will release data on the BOJ Core CPI y/y, National Core CPI y/y, and Tokyo Core CPI y/y...
Analytics & Forecasts
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Roberto Jacobs, 26 February 2016, 08:11
Debt too high, growth too slow – German FinMin Schaeuble 26 Februari 2016 3:36 AM More comments coming in from the German Finance Minister Schaeuble from the G20 meeting. Key Quotes: Public and private debt levels in the world are too high, growth too slow...
Market News
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Roberto Jacobs, 26 February 2016, 05:07
Asian stocks track Wall Street higher, China rebounds 26 Februari 2016 3:26 AM The moods on the Asian markets remained lifted, with the region’s indices taking the positive lead from their US counterparts, while higher metals also supported the upside momentum...
Market News
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Roberto Jacobs, 26 February 2016, 05:05 #Wall Street, stocks