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The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: No change. Selling interest in the 1.1050 area, near the 200-dma helps keep our focus lower...
Calculated level for today: Support (S1 / S2 / S3 = 1259,33 / 1255,47 / 1249,22), resistance (R1 / R2 / R3 = 1271,83 / 1275,48 / 1281,94). Key support levels (1st from 1236.48 to 1265.47 at the end of the day, the 2nd ox 1255.16 to 1260.47...
Analytics & Forecasts
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oleksandr bilokon, 8 March 2016, 19:40
We remain of the view that the ECB will slash the deposit rate further by 10bps to -0.4...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 19:26 #EUR/USD
USD/CAD Breaks Above 1.3400 as Oil Plummets USD/CAD rallied to 4-day highs as oil prices plummeted during the American session in a risk-off environment, with US stocks down and Treasuries up. USD/CAD climbed more than 100 pips over the last hours and broke above the 1...
Currency
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  • 2
Roberto Jacobs, 8 March 2016, 19:09
EUR/USD Finds Resistance Below 1.1060 and Retreats EUR/USD gained momentum after Wall Street opening bell and climbed to 1.1058, hitting a fresh 1-week high. The pair lost strength below 1.1060 and pulled back as main stock indexes in the US moved off session lows. It was trading at 1...
Currency
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  • 2
Roberto Jacobs, 8 March 2016, 19:06
‘Printing money’ alone is unlikely to be able to weaken the euro – what’s necessary is a helping hand from the Fed or Brexit...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 18:57 #forex
Forecasts from Lloyds Bank are pricing a recovery in the pound to euro exchange rate to take us to above 1.30 by the time of the EU referendum. In a further to the idea that the British pound is undervalued against the euro we hear analysts at Lloyds Bank are forecasting a steady recovery to 1...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 18:33 #forex
Shockingly bad Chinese trade data overnight set a slightly risk-off tone to the European market open, after recent strength in commodity currencies, oil prices and equity indices... The data, which posted a 20...
Analytics & Forecasts
  • 68
Vasilii Apostolidi, 8 March 2016, 18:28 #forex
Calculated level for today: Support (S1 / S2 / S3 = 39,57 / 06 / 38.24) and resistance (R1 / R2 / R3 = 41,21 / 72 / 42.54). Key support levels (1st from 37.78 to 39.66 at the end of the day, the 2nd of 37.52 to 38.80...
Analytics & Forecasts
  • 41
oleksandr bilokon, 8 March 2016, 18:01
BoC stuck in wait-and-see mode We expect the Bank of Canada to hold the overnight rate at 0.50% at its March meeting, reiterating that the growth outlook is roughly in line with its latest MPR (monetary policy report...
Analytics & Forecasts
  • 62
Vasilii Apostolidi, 8 March 2016, 17:24 #forex
The ECB needs to surprise this week, not because of markets, but because – given the trend in core inflation – the existing policy mix is behind the curve...
Analytics & Forecasts
  • 60
Vasilii Apostolidi, 8 March 2016, 16:57 #ECB
The EUR/USD 4 hour chart shows the price breaking the 200 EMA which may see the price proceed to the previous high at 1.137. However, the RSI is at 67 which is fairly overbought which implies that the movement is running out of momentum...
Analytics & Forecasts
  • 164
Daniel Bancans, 8 March 2016, 16:11 #forex
The USD/CAD has been trading within a declining channel for the past few weeks. The price recently touched the support line and bounced off of it. It is showing a good long setup and looks to target the declining resistance line at 1...
Calculated data levels: Support (S1 / S2 / S3 = 113,26 / 09 / 112.82) and resistance (R1 / R2 / R3 = 113,81 / 98 / 114.26). Key resistance levels (1st from 113.68 to 1132.59 at the end of the day, the 2nd of 113.69 to 113.68). Last trading day the rate of breakdown humiliation channel up H4...
Analytics & Forecasts
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oleksandr bilokon, 8 March 2016, 15:40
The latest bounce in the iron ore price, which recently bounced close to its June 2015 highs, seems to best capture the improvement in the fundamental backdrop for AUD of late...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 15:37 #forex
Estimated level: Support (S1 / S2 / S3 = 0,9889 / 63/21), resistance (R1 / R2 / R3 = 0,9973 / 99 / 1.0041). Key resistance levels (1st from 0.9932 to 0.9944 late in the day, the 2nd of 0.9932 to 0.9969...
Analytics & Forecasts
  • 48
oleksandr bilokon, 8 March 2016, 15:32
The USD continues to struggle versus the funding currencies, with EURUSD holding above 1.10 and USDJPY hovering around 113, notes BNP Paribas...
The future of the EU–China trade relationship — one of the largest in the world — will be substantially impacted by a debate over whether China should be granted ‘market economy status’ (MES) this year...
Market News
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Francis Dogbe, 8 March 2016, 14:34 #China
The Australian and Canadian dollars stood at multi-month highs early on Tuesday in the wake of a rally in commodity prices, contrasting with a subdued performance in the greenback, euro and yen. The Aussie came within a whisker of 75 U.S cents, reaching a high not see since July...
Market News
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Francis Dogbe, 8 March 2016, 14:30
U.S lender Citibank forecast the European Central Bank (ECB) could surprise investors with a more aggressive banquet of easing than markets are currenctly pricing in...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 12:56 #EUR/USD