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China shares closed in the green, as investors got jittery ahead of the outcome of a Chinese five-year economic planning meeting. Markets were wondering whether the government might decrease the country's growth target...
The Canadian dollar remains a relatively neutral currency after the BOC’s recent communications, however there remains a slight bearish tilt on the currency until we see a further improvement in data...
Daily Forecasts: EURUSD (15 min. chart): EURUSD (1 hour chart): GBPUSD (15 min. chart): GBPUSD (1 hour chart...
US Dollar - "Aside from the FOMC decision, the US docket has an array of indicators set for release. The top two listings are the 3Q GDP release due Thursday and PCE deflator on Friday. Growth for the world’s largest economy can equially dictate rate expectations and investor sentiment...
On Tuesday the yen was slightly higher in Asia trade with the latest Federal Reserve review of interest rates in focus...
As expected, the ECB, through its president M. Draghi not parted with the idea of expanding incentives. On the probability of increased asset purchase, as well as the extension of the program of quantitative easing, according to Draghi, will be known at the December meeting of the Central Bank...
Daily price is on bullish market condition for the ranging within the following key support/resistance levels: 1191.48 key resistance level located far above Ichimoku cloud in the primary bullish area of the chart; 1098...
EURUSD: The pair halted its weakness and turned higher on Monday leaving risk of more recovery on the cards. While the 1.1016/17 level zone continues to provide support, we should see a move higher on correction. On the downside, support lies at the 1...
According to the Chinese Gold & Silver Exchange Society, demand for gold in mainland China may soon touch or even exceed records after financial-market rout and the yuan devaluation bolstered the metal's attractiveness...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, and AUD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: The break below our initial downside targets in the 1.1085 area on increased volumes signals lower...
Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that the JPY is outperforming its G4 peers with a modest 0.3% gain, rallying back to its 200 day MA after reaching a fresh two-month low...
Morgan Stanley made a fundamental forecasl for this week related to JPY - they estimated for USD/JPY to be on bullish market condition: "Despite the current risk environment, we would expect JPY to be supported. The risk to our view this week is obviously the BoJ meeting...
EUR/CHF declines over recent weeks appear to have been temporarily stalled in the face of a bullish development. The MACD line is tracing higher lows, when compared to recent sessions...
While the pound is among the top performers on Monday, the Swiss franc is the opposite and is losing ground. GBP/CHF continues to rally and reached the strongest level since September 22. GBP/CHF: Rally goes on Two weeks ago the pair dropped to 1...
Kit Juckes, economist at Societe Generale, explained that the week's biggest event may be the BOJ on Friday. Key Quotes: "My view last week was that the QE is losing its ‘mojo' and that I would be surprised if either dovish words from the ECB or further QQE from the BoJ would have much FX impact...
As per FXSTREET, Crude oil prices are extending its negative downbeat at the beginning of the week, currently hovering over the low-$44.00s per barrel...
The greenback, in terms of the US Dollar Index, keeps trimming recent gains and is now hovering over session lows in the 96.90/85 band. US Dollar retreats from 97.20 After testing 2-month lows above the 97...
