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GBP/JPY trimmed gains from the previous session, heading towards the European opening bells as the yen recovers partial losses versus the greenback. Back above 177 levels Currently, the GBP/JPY cross traded at 177.39 levels, up 0.21% on the day, moving away from day’s low posted at 176.50...
Charles St-Arnaud, Research Analyst at Nomura, comments on the recent Canadian macro data release, and further notes that the current contraction in production suggests the BoC might cut rates further in March. Key Quotes “Monthly GDP decreased 0...
Russia’s central bank cuts its key rate by 200bp to 15%. We expect USDRUB to climb over 75 within 1M. We expect Russia’s economy to expand only after 2016. Assessment and outlook Today (30 January 2015) Russia’s central bank unexpectedly cut its key rate to 15% from 17% p.a...
The Market Strategy Team at UOB Group, comment that EUR/USD’s consolidation appears to be on the verge of completion and the pair might rebound to 1.1350 before heading lower towards 1.1260. Key Quotes "The recent bout of sideway consolidation appears to be close to completion...
AUD/USD remained unaffected by the bearish Australian commodity prices index which showed continued drop in commodity prices. Up from 0.7770 levels Currently, the AUD/USD trades higher by 0.32% at 0.7790 levels, inching towards 0.7800 levels...
The Yen went from being the strongest currency in early Asia, courtesy of stop-loss hunting practices, to end as the weakest, together with the Swiss Franc, also being weighed down by talk of an unofficial soft floor in EUR/CHF at 1.05-1.10 doing the rounds...
US DOLLAR TECHNICAL ANALYSIS Prices may be preparing to decline after prices put in a bearish Evening Star candlestick pattern. Negative RSI divergence bolsters the case for a downside scenario. Near-term support is at 11734, the intersection of the 14...
The Parabolic SAR is an indicator that, like Bollinger Bands is plotted on price, the general idea of which is to buy into up trends when the indicator is below price, and sell into down trends when the indicator is above price...
In this article I will provide my view on the EUR/GBP, AUD/USD and the NZD/CAD. These are the pairs that I am currently interested in or was interested in last week for trading with the FxTaTrader weekly strategy...
According to the latest CFTC Commitments of Traders Report, for the week ending Tuesday, January 27th.there was a certain reluctance among investors to keep pushing the bearish USD strategy, notes the FX Team at TDS...
The Swiss Franc is weaker across the board in early Asia, with some talk doing the round about a possible soft protective floor in the 1.05-1.10 vicinity for EUR/CHF, leading the pair to trade just under the 1.05 area in inter-bank trading, with volatility set to continue...
Monday, Feb 02 USD ::: ISM Manufacturing PMI (Jan) This survey from managers in the manufacturing industry is expected to decrease, & currently the majority of US states are facing a sever winter weather which might slow down the economy...
US Dollar Forecast– NFPs and the PCE inflation indicator will further stir hawkish Fed expectations, but the theme may be mature The net change in payrolls isn’t nearly as important as the ‘qualitative’ figures...
Talking Points: Donchian creates a channel that encapsulates price. Trade entries can be made when Donchian is broken. Stop losses can be created from the opposing channel line. I’ve written quite a bit about the importance of support and resistance levels for trade entries and trade exits...
Looks like we might see a weaker GBP next week. If price goes below 1.50500 on Monday (the blue line) I will short the GBP/USD and aim for a profit around 1.49770 (bright green line, about 70 pips) for half my position and let the other half run with a profit target of 1.48500 (2013 low...
Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the rally in the euro on CPI but explained the technical picture as bearish. Key Quotes: "The flash headline estimate dropped –0.6% y/y (consensus was for –0.5%y/y) and core fell to 0.6%y/y, a fresh record low—see chart...
A deal on extending Greece's bailout deal must be found by the end of February or the European Central Bank will not be able to continue lending to its banks, ECB council member Erkki Liikanen said on Saturday...
This is an article based on the monthly strategy. The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published last weekend...
USD: Long Live the King. Bullish. We expect USD to continue to outperform, despite some recent soft data. Indeed, while other economies are using currency depreciation to export deflation, most notably Singapore recently, the US continues to allow its currency to appreciate...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend. Besides this chart I also provide the weekly analysis on my strategy and the Forex ranking and rating list which is available 3 times a week on this blog...
