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EUR/USD Dips Below Confluence of Fibo Support The common currency is losing grounds amid flat action in the European equities, with EUR/USD pair now trading below the confluence of Fibo level - 1.1257 (61.8% of 1.1714-1.0517) + 1.1253 (100% Fibo of 1.0517-1.1060-1.0711). Offered at 1...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 11:06
Analysis : Channel Down has broken through the resistance line at 18-Mar-16:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 1.41. upporting Indicators : RSI below 40 Resistance Levels...
Charts
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Lahcene Ouled Moussa, 21 March 2016, 11:04
GBP/USD Weaker, Wobbles Around 1.4400 The sterling is losing the grip at the beginning of the week, now sending GBP/USD to the lower end of the range around the 1.4400 handle. GBP/USD gains capped around 1.4500 After reaching fresh highs above the 1...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 11:04
ECB governing council member Francois Villeroy de Galhau assured markets today the bank is ready to act with right instruments to meet the inflation target, but maintained there is a limit to how low negative rates can go...
Analytics & Forecasts
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Batur Asmazoglu, 21 March 2016, 10:59
Cristian Maggio, Head of Emerging Markets Strategy at TDS, suggests that they have taken an extra day and several deep breaths to assess the longer-term implications of last Wednesday’s FOMC...
Analytics & Forecasts
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Batur Asmazoglu, 21 March 2016, 10:56
Canadian Dollar, Oil Remain Near Highs for the Year The Canadian dollar and oil prices slipped in trading Friday, but remained near a three-month high. The loonie, which rose above 77 cents Thursday, was down one third of a cent to 76.78 cents US in late afternoon...
Market News
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Roberto Jacobs, 21 March 2016, 10:48
Kristoffer Lomholt, Analyst at Danske Bank, sees NOK appreciating further in the second half of the year...
Analytics & Forecasts
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Batur Asmazoglu, 21 March 2016, 10:47
Kristoffer Lomholt, Analyst at Danske Bank, sees NOK appreciating further in the second half of the year...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 10:46
Brent Oil Drops to 5-DMA and Recovers Brent prices fell to 5-DMA level of $40.53/barrel, before trimming losses to trade around $40.80 levels on reports china’s oil imports rose to a fresh high...
Market News
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Roberto Jacobs, 21 March 2016, 10:36
More 2 way trade in the key USD rates this morning, as London markets are now in full swing. We saw GBP and the commodity currencies coming under attack first thing, but some moderation now in play with AUD/USD back above .7600 and Cable through 1.4400 again...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 10:34 #forex
Hong Kong Inflation At 8-month High Hong Kong annual inflation unexpectedly accelerated in February for a third consecutive month to its highest level in eight months, figures from the Census and Statistics Department showed Monday. The consumer price index rose 3...
Market News
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Roberto Jacobs, 21 March 2016, 10:31 #inflation
Taiwan Feb Export Orders Fall Less Than Forecast Taiwan's export orders decreased at a slower-than-expected pace in February, data from the Ministry of Economic Affairs showed Monday. Export orders dipped 7.4 percent year-over-year in February, below economists' expectations for a 10...
Market News
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Roberto Jacobs, 21 March 2016, 10:29
Denmark Consumer Confidence Eases At 5-Month Low Denmark's consumer confidence weakened for a third straight month in March to its lowest level in five months, survey data from Statistics Denmark revealed Monday. The consumer confidence index fell to 3.6 from 4 in February...
Market News
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Roberto Jacobs, 21 March 2016, 10:26
U.S. Dollar Rises Against Majors The U.S. dollar strengthened against the other major currencies in the early European session on Monday. The U.S. dollar rose to 4-day highs of 1.1253 against the euro and 1.4392 against the pound, from early lows of 1.1285 and 1.4467, respectively...
Currency
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Roberto Jacobs, 21 March 2016, 10:24
Turkey Consumer Confidence Improves In March Turkey's consumer confidence rose in March after easing sharply in the previous three months, survey data from the statistical office Turkstat showed Monday. The consumer confidence index climbed to 67 from 66.6 in February. After hitting a peak of 77...
Market News
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Roberto Jacobs, 21 March 2016, 10:22
Dutch House Prices Rise Further Dutch house prices continued to increase in February, though at a slower pace than in the previous month, figures from the Central Bureau of Statistics showed Monday. Price index of existing houses climbed 3.8 percent year-over-year in February, following a 4...
Market News
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Roberto Jacobs, 21 March 2016, 10:20
Russian Rouble Fails to fall Below Key Support at 67.42, Good to Buy on Dips USD/RUB is currently trading around 68.7198 levels. It made intraday high at 69.2450 and low at 67.5951 levels. Intraday bias remains bullish till the time pair holds key support at 67.2782 levels...
Analytics & Forecasts
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Roberto Jacobs, 21 March 2016, 10:18
USDX Technical Analysis for March 21, 2016 The Dollar index remains in a bearish trend. Price is heading towards the 94-93.50 area. The price formation looks like an important top was formed. The trend resistance is very important at 98.50 and at 97.60...
AUD/USD has been charging aggressively higher since the open of London, initially dipping sub 0.7575 to grab some liquidity and trap some sellers, only to reverse the momentum for what has been, so far, a nearly half a cent run to the upside, touching its highest at 0.7625...
Analytics & Forecasts
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Vasilii Apostolidi, 21 March 2016, 10:11
Gold Technical Analysis for March 21, 2016 Gold price remains in a short-term bearish trend and is making lower lows and lower highs. Price remains inside the sideways channel and as long as we remain above $1,220 there are still chances of a new high towards $1,300...