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29 February 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 07:00 German Retail Sales m/m EUR Med. -0.2% 0.3% Positive 09:30 Net Lending to Individuals m/m GBP Med. 4.4B 5...
The British pound could see a reverse in fortunes over coming days in the wake of relentless selling pressure, however we and many others in the market expect any strength to be short-lived in nature and an ultimate target in the mid-1.20's to be reached...
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The British pound in tandem with the U.S. dollar continues to deny all sorts of conclusions about "overbought" and "oversold" areas. It is recommended to hold sales with a target of 1.35. Find out more by checking out the Source Link...
#EURUSD continues to decline - today the euro is under pressure due to expectations regarding the CPI data in the euro zone. As expected, growth would be equal to 0.0%, and this is not what buyers want to see before the #ECB meeting. Find out more by checking out the Source Link...
Euro May Fall Further as Soft CPI Hints More ECB Easing Ahead Talking Points: NZ Dollar falls as data drives rate cut bets, Yen gains as S&P 500 futures fall Euro downturn may continue as soft inflation data beckons more ECB easing Global stimulus expansion hopes may offer support to risk sen...
Pivot Points Hourly Last Updated: Feb 29, 1:15 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.08862 1.09011 1.09074 1.0916 1.09223 1.09309 1.09458 USD/JPY 112.459 112.676 112.787 112.893 113.004 113.11 113.327 GBP/USD 1.38219 1.38455 1.3856 1.38691 1.38796 1.38927 1.39163 USD/CHF 0.99533 0...
EUR: EURUSD – A cheaper alternative to hedge EU referendum risks. We recommend owning EURUSD downside options as a cheaper way to hedge against the EU Referendum risk. We continue to argue that the referendum is at least as big a risk to EU and EMU stability as it is to the UK economy...
The key event in the US is the February jobs report, though we draw emphasis on ISM PMIs as well. Job growth likely maintained a healthy clip; we expect a rebound to 190K, keeping the 3-month average change near 200K...
In the week to February 23, Yen longs increased, USD longs were cut back, Euro shorts were cut back and the GBP short actually shrank a little. The yen position highlights bearish risk sentiment...
EUR/USD: Turn to Bearish: Outlook turned bearish for a modest target of 1.0810. The neutral phase that has been in place for about 2 weeks ended last Friday. As highlighted in recent updates, a daily closing below the key 1.0990 would indicate the start of a sustained down-move in EUR...
Analysis : Channel Down identified at 26-Feb-19:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.103 within the next 6 hours. Resistance Levels : ( B ) 1.103Last resistance turning point of Channel Down. Support Levels...
Our general trade call for the week is to sell Cable and Kiwi on pullbacks (Kiwi may rally on oil gains however). The USD rallied during Friday’s NY session as Preliminary GDP and Personal Consumption Expenditures both smashed expectations. The headline for GDP beat estimates at 1...
What economic and political #events will be key this week? The week will bring so-called #SuperTuesday – primaries in many U.S. states. On Friday, the market will look forward to see #Non-Farm Payrolls and unemployment in the United States. Find out more by checking out the Source Link...
GBP/USD Attempting Gains After 500-pip fall 29 Februari 2016 6:44 AM The GBP/USD pair is attempting gains after heightened Brexit fears and strong US data led to a 533 pip fall last week. Focus on Economic data The focus could be back on economic data releases this week...
USD/JPY Weaker, Breaks Below 113.00 29 Februari 2016 6:37 AM The Japanese yen is gathering further steam at the end of the Asian session, dragging USD/JPY back below the 113.00 key support...
Daily Forecast GBPNZD 29/2/2016 As we got strong rejection from this logical support level that’s way, now we may set a Buy trade on 2.1027 level for the nearest resistant. You may set your TP for 2.17225 according to this chart and SL will be 2.05164...
Daily Forecast GOLD 29/2/2016 On the h4 chart, having the gartley and ab=cd harmonic patterns formed a reversal is in sight. If thes ituation continues, we will have more drops coming in the market. Description Analyzer : http://myforexoffice.com/analysis-news/forecasts-technical-analysis...
JPY: Weak Underlying Inflation – Nomura 29 Februari 2016 4:55 AM Research Team at Nomura, notes that the all-Japan core CPI (general index excluding fresh food) was +0.0% y-y in January, in line with the consensus (Bloomberg survey median) forecast and down from +0.1% in December 2015...
Brexit: UK Rates Strategy – Deutsche Bank 29 Februari 2016 4:50 AM Jack Di Lizia, Strategist at Deutsche Bank, suggests that the increased focus on Brexit risk has dominated front-end and currency moves, but further out the curve the underperformance of UK cash is likely also a result of duration...
