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Germany Factory Orders Fall For Second Month Germany's factory orders dropped for the second straight month in January, reflecting the weakness in domestic demand. Factory orders slid 0.1 percent month-on-month following a revised 0.2 percent drop in December, data from Destatis showed Monday...
Technical Analysis of USD/CHF for March 07, 2016 USD/CHF is expected to advance further. The pair continued posting technical rebounds and is now challenging its nearest resistance at 1.0030...
Technical Analysis of NZD/USD for March 07, 2016 The upside movement is expected to prevail in NZD/USD. The pair remains well on the upside, backed by its rising 20-period and 50-period moving averages. The relative strength index is mixed to bullish above its neutrality area at 50...
Technical Analysis of GBP/JPY for March 07, 2016 GBP/JPY is expected to trade in a higher range. The pair remains bullish above 160.50, representing a key horizontal level. The rising 50-period moving average plays a support role well...
EUR/USD Dips Below 50-DMA as US Dollar Finds Bids The US dollar is trimming Friday’s losses across the board, courtesy of which the EUR/USD pair has dipped below its 50-DMA located at 1.0975. Tests confluence of 10-DMA and 50% Fibo level The pair fell to 1...
Elliott Wave Analysis of EUR/NZD for March 7 - 2016 Wave summary: We have just seen the expected test of support at 1.6110 (the pair hit the low at 1.6085). We are now looking for a break above minor resistance at 1...
Elliott Wave Analysis of EUR/JPY for March 7 - 2016 Wave summary: With the break above minor resistance at 125.01 the possible running triangle was invalidated and instead the expanded flat correction took over as a preferred corrective pattern. Red wave c should ideally make it to 126...
Technical Analysis of EUR/USD for March 07, 2016 When the European market opens, some economic news will be released such as Eurogroup Meetings, Sentix Investor Confidence, and German Factory Orders m/m...
Technical Analysis of USD/JPY for March 07, 2016 In Asia, Japan will release Leading Indicators. The US will release a series of economic reports such as Consumer Credit m/m and Labor Market Conditions Index m/m...
There is no trade call for the session. Last week saw downside in the USD without any fundamental catalyst, and upside in AUD and GBP. Today’s session is light and provides opportunity to analyse potential market moves for the week...
The most important event of this week is a meeting of the European Central Bank, as a result of which new teps to stimulate the economy can be taken. China will publish a number of important statistics, which can seriously affect the dynamics of the financial markets...
The Aussie held early weakness in Asia on Monday after a disappointing survey on construction activity and mixed views on China's economic plans for 2016. AUD/USD traded at 0.7414, down 0.32%, while USD/JPY changed hands at 113.72, down 0.04...
Euro Steady Ahead Of German Factory Orders Destatis releases factory orders for January in the pre-European session on Monday at 2:00 am ET. Germany's factory orders are forecast to drop 0.4 percent on a monthly basis in January, following a 0.7 percent fall in December...
Eurozone: Low Inflation and Political Risks Take Centre Stage – Goldman Sachs Research Team at Goldman Sachs, suggests that the net effect of the recent market volatility on Europe’s growth outlook is likely to be relatively small in our assessment, with the boost to growth from lower oil prices...
The franc has been on the back-foot of late, mainly on the back of stabilising risk sentiment. Next week, it will become more active in terms of domestic data releases. Both employment and inflation data will attract attention...
Japan: Suspending Disbelief – Wells Fargo Research Team at Wells Fargo, notes that among the advanced economies of the world, Japan has the highest debt-to-GDP ratio at nearly 250 percent of GDP...
EUR/GBP Unchanged in the Low-0.7700s Calm waters in both the sterling and the shared currency are motivating EUR/GBP to keep the trade just above the key 0.7700 support on Monday. EUR/GBP well supported near 0.7700 The European cross has found pretty decent support around the 0...
We lay out scenarios for EUR/$ for different outcomes on Thursday. Above all, after a year of mixed messages, the ECB needs to signal that it is serious about pursuing its inflation mandate, including via a stepped up pace of monthly QE purchases...
The market pricing for ECB rates is similar or more aggressive than to pre-December ECB meeting (and similar to our economists’ call). But I got this feeling last week that people will remember and short covering the EUR, which indeed started happening...
