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USDCAD: USDCAD continues to remain in a consolidation mode having been trapped in a range below its key resistance zone at 1.3352. A break either way must occur to trigger directional moves. Resistance resides at the 1.3300 level where a break will target the 1.3350 level...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and GBP/USD. EUR/USD: traded bid last week and ended with a short squeeze...
Raging wildfires in California have killed one person as firemen struggle to fight the spreading blazes amid a state of emergency. Hundreds of houses have been charred, with devastating photos showing homes completely gutted, only their foundations left standing...
By Thursday, market players will have the answer to the most burning question of the recent times: Will the Federal Reserve pull the trigger on the first interest-rate hike since 2006...
Morgan Stanley made weekly forecast for USD in fundamental/technical mixed way expecting strong USD against the other currency for example: "We remain bullish on USD, particularly against EM and commodity currencies. We expect no hikes at the upcoming Fed meeting...
Current trend In the end of last week, the Pound strengthened against the USD and gained back most of the losses of early September. However, macroeconomic statistics remain ambiguous. In particular, the GBP was pressured by poor data on Industrial Production that in June shrank by 0...
GBPUSD: With GBP turning lower at its key resistance zone at 1.5450/7 today, there is risk of more weakness as long as that zone continues to hold. This development is coming on the back of our earlier warning of how significant that level will be...
Morgan Stanley made weekly forecast for EUR in fundamental/technical mixed way expecting bearish EUR: "We remain bearish on EUR over the medium term but see reason for some support in the near term. EURUSD continues to be inversely correlated with risk appetite...
Tom Aspray, a technical analyst and contributor to Forbes, used the chart below to demonstrate what some important lows in the market dating back to 2010 had in common, viz, - active bearish sentiment...
Australia's beleaguered Prime Minister Tony Abbott will face a second challenge to his position this year, with a ballot of government colleagues late Monday hours after a senior minister challenged him for his party leadership.Find out more by checking out the source link.http://www.usnews...
OPEC trimmed estimates for supplies from outside the group in 2016 as the U.S. shale-oil industry suffers...
United Overseas Bank estimated the nearest bullish target for EUR/USd as 1.1475 with 1.1250/55 as the bearish reversal level. "The break above 1.1255 late last week has shifted the outlook for EUR to bullish with a target of 1.1475...
Euro-area industrial production rose more than economists expected in July as output rose in three of the region’s four largest economies...
American Nobel Prize Laureate, Yale University economics professor, economist and best-selling author Robert Shiller is seriously worried about the stock market...
Barclays told to investors to sell NZD/CAD this week provided fundamental and technical analysis for this pair. Fundamental overview: "Given the risks around this week’s September Fed meeting, we prefer to look for relative value away from the USD...
Financial specialists in Bloomberg review anticipate QE extension by June. TLTRO evaluated at 70 billion euros in one week from now's putting forth...
M5 price is located near SMA with period 100 (100-SMA) and above SMA with the period 200 (200-SMA) waiting for the direction for the possible breakout or breakdown. The key support/resistance levels for this pair are the following: 1.5470 as the resistance and 1.5432 as support level...
Mechanical yield climbed 6.1% in August, missing assessments. 3.5% land speculation addition was one-tenth the 2010 pace...
