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The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: We prefer to fade upticks against resistance in the 1.1100 area. A move below 1...
Analytics & Forecasts
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Vasilii Apostolidi, 3 November 2015, 20:38 #usd/jpy
Famous economist Mohamed El-Erian said in an interview with CNBC he puts the risk of a recession in the United States at 25 percent to 30 percent...
Analytics & Forecasts
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Alice F, 3 November 2015, 19:47 #Mario Draghi, ECB, Fed
Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that USD/JPY risk is centered on the outlook for relative policy as market participants consider the prospect of a normalizing Fed in contrast to an accommodative BoJ...
Analytics & Forecasts
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Khurram Mustafa, 3 November 2015, 19:07
European Central Bank President Mario Draghi is due to speak during the European evening, at 19:00 GMT and investors will be paying close attention for further clarity regarding a possible action in December Latest ECB meeting raised speculation the ECB could expand its QE program in December...
Analytics & Forecasts
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Khurram Mustafa, 3 November 2015, 18:37
Analyst at ING, James Knightly, explained that yesterday’s surprise jump in the manufacturing PMI is at odds with other survey evidence suggesting sterling strength and weak external demand is holding back the sector...
Analytics & Forecasts
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Khurram Mustafa, 3 November 2015, 18:26
The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days...
Analytics & Forecasts
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Khurram Mustafa, 3 November 2015, 18:11
Credit Agricole made a fundamental forecasts related to the price of some pairs movement during some high impacted news events for the week. Let's evaluate those forecasts based on technical analysis...
Analytics & Forecasts
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Sergey Golubev, 3 November 2015, 18:11 #fundamental analysis
Gained momentum and bounced from below 186.00 breaking above 186.40, where previous highs lied and peaked at 186.68. It remains trading near the highs with a bullish tone and eyeing yesterday’s highs that lie at 186.96. The area around 187.00 is the immediate barrier to consider...
Analytics & Forecasts
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Khurram Mustafa, 3 November 2015, 17:53
NZD/USD is currently trading at 0.6675 with a high of 0.6783 and a low of 0.6651. NZD/USD reversed the bid when it had been following suit of the Aussie in early Asia on the back of the run up to the RBA meeting...
Analytics & Forecasts
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Khurram Mustafa, 3 November 2015, 17:52
The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days...
Analytics & Forecasts
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Khurram Mustafa, 3 November 2015, 17:03
Overnight, the RBA left rates steady at 2.0% and the Aussie rallied 0.5% but ran into supply with a strong greenback across the board. The price was drifting on the bid in early Asia from the mid point of the 0.71 handle and was propelled on the event to score territory above the 0...
Analytics & Forecasts
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Khurram Mustafa, 3 November 2015, 17:01
continued to rise despite weaker-than-expected US economic data. The pair recently reached at 0.9922, the highest level since last Thursday and it remains near the top...
Analytics & Forecasts
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Khurram Mustafa, 3 November 2015, 16:55
The greenback, gauged by the US Dollar Index, is sharply appreciating vs. its main rivals on Tuesday, flirting with daily tops in the mid-97.00s. US Dollar gives away gains post-US releases The index has abandoned the area of session highs after another disappointment from the US docket...
Analytics & Forecasts
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Khurram Mustafa, 3 November 2015, 16:53
Monday’s bland US ISM manufacturing PMI of 50.1 diluted the spice of last week’s hawkish FOMC statement which had benefited the USD bulls. This has been the lowest ISM figure in two and a half years, and one which slowly gravitates to contractionary levels below 50...
Other
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Khurram Mustafa, 3 November 2015, 16:52
After climbing near 1.3160, or session highs, USD/CAD has now returned to the 1.3120 area following the US releases. USD/CAD trims gains on US results Spot has surrendered part of the earlier gains after US Factory Orders have surprised investors to the downside during September, contracting 1...
Analytics & Forecasts
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Khurram Mustafa, 3 November 2015, 16:36
Prices continue to trade near daily lows despite dismal US data as traders remain focused on fEd rate outlook. Eyes key fib support The metal is trading within a touching distance from USD 1120.60/Oz, which is the 61.8% of Jul low to Oct high move...
Metals
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Khurram Mustafa, 3 November 2015, 16:34
The dollar gathered momentum and dragged EUR/USD to fresh lows sub-1.0950 despite the latest string of US data came in the soft side. US factory orders fell 1.0% in September against a decrease of 0.9% expected, while prior months’ were revised down to -2.1% from -1.9...
Analytics & Forecasts
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Khurram Mustafa, 3 November 2015, 16:19
The slide in the GBP/USD stalled, making way for a minor correction after the US reported a drop in its factory orders in October, along with a fall in IBD/TIPP economic optimism index. Back above hourly 100-MA The spot is now back above its hourly 100-MA at 1...
Analytics & Forecasts
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Khurram Mustafa, 3 November 2015, 16:18
The greenback keeps the upbeat tone vs. the Japanese currency on Tuesday, nw sending USD/JPY to session tops in the boundaries of 121.20...
Analytics & Forecasts
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Khurram Mustafa, 3 November 2015, 16:16
With the US Federal Reserve much more hawkish than expected, this week looks to be a further round of musical chairs as investors figure out where each central bank stands - ahead of the Fed, or dovishly far behind it. Expect volatilty in gold, and in AUD this week. Will prices of gold rise...
Analytics & Forecasts
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LoneRifle, 3 November 2015, 16:05 #xauusd, gold