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Technical Analysis of USD/CHF for March 08, 2016 USD/CHF is expected to trade in line with a bearish outlook. The pair has struck against its major resistance at 1.0010, and is now turning downwards following yesterday's rallies...
Technical Analysis of NZD/USD for March 08, 2016 NZD/USD is expected to trade with a bullish bias above 0.6730. Trading at 0.6769, the pair remains in consolidation, but still holds above its key support at 0.6730, which is expected to limit any room downside...
Technical Analysis of GBP/JPY for March 08, 2016 GBP/JPY is expected to trade with a bullish bias above 160.30. The pair stands firmly above its nearest support at 160.30, and is likely to post a new rebound after the recent consolidation...
Eurozone 4Q GDP revised to 1.6%YoY, Investment Booming Teunis Brosens, Research Analyst at ING, suggests that today’s details on Eurozone GDP in the fourth quarter, albeit long gone, show some encouraging signs about the Eurozone recovery...
Market News
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Roberto Jacobs, 8 March 2016, 12:18
EUR/GBP Ignores Eurozone GDP Release, Stays Hourly 50-MA The common currency ignored the Eurozone Q4 GDP release, leaving the EUR/GBP cross unaffected around hourly 50-MA seen at 0.7734 levels. Weak stocks support EUR The pair clocked a high of 0...
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Roberto Jacobs, 8 March 2016, 12:13
GBP/USD Finds Support Near 1.4220 The sterling remains on the defensive today, with GBP/USD dropping to session lows in the 1.4220 area. GBP/USD lower on steady Carney In spite of the current decline, the pair manages to keep the trade in the upper end of the recent range above he 1...
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Roberto Jacobs, 8 March 2016, 12:08
Growth looks a little better, inflation remains very weak The Swiss economy is trundling along. GDP growth was better than expected in 4Q (0.4% qoq), with relatively decent domestic demand developments...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 12:07 #forex
The euro has performed very well since the turn of the year, benefiting greatly from a risk averse market that has sparked an unwinding of the carry trade that we often see in a “risk on” environment. The single currency has performed very well against the US dollar, rallying as high as 1...
Analytics & Forecasts
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Tomas Rodriguez Doherty, 8 March 2016, 12:02
The ECB will be in focus when it meets on Thursday, notes Morgan Stanley...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 11:56 #EUR/USD
Calculated level for today: Support (S1 / S2 / S3 = 1,4169 / 34 / 1.4077) and resistance (R1 / R2 / R3 = 1,4283 / 1,4318 / 75). Key support levels (1st from 1.4178 to 1.4209 late in the day, the 2nd of 1.4140 to 1.4194...
Analytics & Forecasts
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oleksandr bilokon, 8 March 2016, 11:48
The strongest quant signal this week is long EUR/USD targeting 1.1108, data from BNP Paribas STEER showed on Monday. (Source: BNPP STEER™, eFXplus™) - First recorded on 'eFXplus Quant' on Mon 3/7 at 09:53 AM ET PS: Copy signals, Trade and Earn on Forex4you -
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 11:42
Calculated levels today: Support (S1 / S2 / S3 = 1.1025 / 45/78), resistance (R1 / R2 / R3 = 1,0959 / 39/06). Key support levels (1st from 1.0972 to 1.0984 late in the day, the 2nd of 1.0941 to 1.0972...
Analytics & Forecasts
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oleksandr bilokon, 8 March 2016, 11:37
The Canadian and Australian dollars soared versus the U.S. dollar in recent sessions, underpinned by a sharp recovery in select commodities, namely oil and iron ore. The loonie earlier Monday posted high levels last seen in mid November, while Aussie posted highs last seen in July 2015...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 11:35 #forex
EUR/USD: Neutral: Bullish only if daily closing above 1.1005/10. The daily closing of 1.1012 was just a few pips above the critical 1.1005/10 mentioned in recent updates...
The result of the upward retracement in #EURUSD observed in the last few days, was the achievement of the 38.2% Fibo level from the last wave of decline. The bulls could not overcome this level even from the second attempt, which may give the sellers the chance to resume the reduction...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 8 March 2016, 11:22 #Trading
Trading in #USDCAD remains within a downward price channel. It should be noted that the key factor of support for the loonie is the growth in #oil prices. Thus, the price of Brent futures exceeded the mark of 40 dollars per #barrel. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 8 March 2016, 11:19 #Trading
EUR/USD: 200-DMA is a Tough Nut to Crack The EUR/USD pair was offered again at the 200-DMA level of 1.1045 despite china-led risk off in the major European equities. Eyes Eurozone GDP The immediate focus is on the Eurozone Q4 GDP, which is expected to remain unchanged at 0.3% q/q and 1.5% y/y...
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Roberto Jacobs, 8 March 2016, 10:23
GBP/USD Rallies Could Struggle Near 1.4316 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes bullish attempts could run out of legs in the low-1.4300s. Key Quotes “GBP/USD spent the week correcting higher. It is now approaching the 1.4316 downtrend”...
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Roberto Jacobs, 8 March 2016, 10:21
USD/JPY Comfortable with the Sideline Pattern In view of the research team at UOB Group, the pair’s outlook points to further consolidation in the next 1-3 weeks. Key Quotes “There is not much to add as we continue to hold a neutral view for USD”...
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Roberto Jacobs, 8 March 2016, 10:18
USD/CAD Struggles to Surpass 1.3340 The Canadian dollar is giving away part of the recent advance vs. its American peer on Tuesday, taking USD/CAD back above the 1.3300 handle. USD/CAD focus on oil The continuation of the rally in crude oil prices – with the barrel of WTI above $37...
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Roberto Jacobs, 8 March 2016, 10:15