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Pullbacks in the pair remain buying opportunities, reiterated Strategist at Westpac Robert Rennie. “This week’s weaker than expected Japanese PMI adds to the sense that the industrial sector in Japan is doing it tough”...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 14:52 #usd/jpy
U.K. Retailers Expect Sales Volume To Improve: CBI British retailers expect retail sales volume to accelerate next month, the latest Distributive Trades Survey from the Confederation of British Industry showed Thursday...
Market News
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Roberto Jacobs, 24 March 2016, 14:50
Pound Off Lows Against Majors The pound trimmed its early losses against the other major currencies in Europe on Thursday. The pound recovered to 0.7899 against the euro and 1.3784 against the franc, from its early 15-month low of 0.7946 and a 2-month low of 1.3720, respectively...
Currency
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Roberto Jacobs, 24 March 2016, 14:47
Europe Roundup: Dollar Weighs on Commodities and Shares As fED Tightening Risk Rises, Sterling Index on Course for Worst Market Roundup Trump's tariff plan could boomerang, spark trade wars with China, Mexico. Japan may resurrect Abenomics with big stimulus package in spring – Barron’s...
Market News
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Roberto Jacobs, 24 March 2016, 14:43
With the dollar on the wane and oil on the gain commodity Dutch lender ABN Amro have had to scratch out recent foreign exchange forecasts and make some notable changes...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 14:41
USD/JPY Trims Gains as Weak Data Overshadows Hawkish Bullard Disappointing durable goods released the US made sure USD/JPY trimmed gains despite NY Fed’s Bullard view of a possibility of an early rate hike. Rejected at 113.00 Stop clocked a high of 113.00 earlier today before backing off to 112...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 14:15
EUR/USD Keeps the Red Post-US Data The European currency keeps the negative note vs. its American peer on Thursday, taking EUR/USD to the 1.1160/65 band for the time being. EUR/USD muted on US releases Spot kept the composure after US Durable Goods Orders have contracted less than expected 2...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 14:11
US Durable Goods Orders Report Shows Broad Based Slowdown in February The Commerce Department data released today show corporate spending as represented by durable goods orders dipped in February, indicating the manufacturing sector may not have bottomed out as thought after upbeat January figure...
Market News
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Roberto Jacobs, 24 March 2016, 14:08
It appears that rising Fed rate expectations to the benefit of the USD have been lowering investors’ demand for risk assets. With several Fed members confirming this week that two more hikes this year seem reasonable and as markets still under-price such a scenario caution remains warranted...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 14:05
US Durable Goods Orders Preview: What to Expect of EUR/USD? Dollar maintained its bid tone in Europe, keeping the EUR/USD pair moderately lower in the range of 1.1150-1.1170. At one point, risk-off in Europe did come to the rescue for EUR, but failed to push it into the positive territory...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 14:03
Technical Analysis of NZD/USD for March 24, 2016 Overview: The NZD/USD pair opened below the daily support of 0.6724. It continued to move downwards from the level of 0.6724 to the bottom around 0.6670. Today, the first resistance level is seen at 0.6724 followed by 0...
EUR/NZD Analysis for March 24, 2015 Overview: Recently, EUR/NZD has been moving sideways around the price of 1.6700. At the H4 time frame, the price is still trading in a defined trading range between the price of 1.6475 (support) and the price of 1.6865 (resistance...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 13:51
In view of Richard Franulovich, Strategist at Westpac, the pair points to further consolidation between 1.0800-1.1350 for the time being. “Not a lot to do in EUR/USD right here as it ambles in a rough 1.08-1.1350 range and long term moving averages turn almost perfectly horizontal...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 13:45 #EUR/USD
Technical Analysis of USD/CHF for March 24, 2016 Overview: The USD/CHF pair was argumentative as it was trading in a narrow sideways channel, the market showed signs of instability. According to the previous events, the price is still moving between the levels of 0.9704 and 0.9821...
Daily Analysis of Major Pairs for March 24, 2016 EUR/USD: The EUR/USD pair has come down by 100 pips this week – a slow and gradual process. Further downward movement is expected and this might render the recent bullish outlook illogical. The bears would target the support lines at 1.1150 and 1...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 13:40
GBP/USD Turns Positive Above 1.4100 The sterling has found strong buying interest around session lows near 1.4050 today, pushing GBP/USD well above the 1.4100 handle. GBP/USD clinches highs near 1.4140/50 The pair has found decent buying interest around 1.4050 today, quickly recovering the 1...
Currency
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Roberto Jacobs, 24 March 2016, 13:18
EUR/GBP Slumps to 0.7900, GBP Soars A strong rebound in the sterling is now prompting EUR/GBP to quickly retrace the earlier advance and return to the 0.7900 neighbourhood...
Currency
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Roberto Jacobs, 24 March 2016, 13:16
GBP showing some signs of outperformance, gaining against the USD and EUR in recent trade, but now also showing potential against the commodity currencies. GBP/AUD has been recovering well from sub 1.8600’s levels yesterday morning, and now looks set to extend gains towards 1...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 13:10
USD/CAD Could Rebound Towards 1.3500 – Westpac In opinion of Richard Franulovich, Strategist at Westpac, a test of the 1.3500 handle remains on the cards...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 13:09
The Swiss National Bank (SNB) purchased 86.1 billion Swiss francs (62.58 billion pounds) in foreign currency last year to enforce a minimum exchange rate, scrapped in January, and influence exchange rate developments, according to its annual report published on Thursday...
Currency
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Seth Dompreh, 24 March 2016, 11:37