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Piotr Matys, FX Strategist at Rabobank, suggests that while EUR/USD maintained upside momentum and appreciated beyond the 1.13 level, the potential increased monetary policy divergence between the ECB and the Feb is still a valid argument in favour of a weaker EUR/USD...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 12:26 #EUR/USD
Derek Halpenny, European Head of GMR at MUFG, suggests that the dramatic jump in the ‘Philly Fed’ manufacturing index was certainly eye-opening and the scale of rebound in the main index (from -2.8 to 12...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 12:20
The research team at UOB Group argued that USD/JPYfaces further pullbacks towards the 110.00 area. “While the month neutral consolidation is likely over, the decline in USD has been more rapid and aggressive than expected which mean we may have missed a bulk of the move”...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 12:18 #usd/jpy
Research Team at Deutsche Bank, suggests that as expected we saw no change in BoE policy after a unanimous confirmation vote of 9-0...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 12:00
The Bank of England's March decision has proved to be a positive for pound sterling which has advanced against the euro and US Dollar and keeping alive the prospects of better rates ahead. GBP/USD intra-day pullbacks should be limited to the 1.44/1...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 11:58
Derek Halpenny, European Head of GMR at MUFG, notes that the minutes from the BOJ monetary policy meeting on 29th January were released in Tokyo today and the details reveal that the BOJ staff had presented two options on policy easing – 1) an expansion of QQE and 2) a cut in the interest rate on...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 11:52
Research Team at Deutsche Bank, suggests that doing little to hurt matters was further evidence of an improving US manufacturing sector yesterday...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 11:48
Derek Halpenny, European Head of GMR at MUFG, suggests that from the low on Wednesday to yesterday’s high, the pound advanced by 3.2% versus the US dollar as broader risk sentiment improved and the dollar weakened on the back of the FOMC announcements on Wednesday evening...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 11:44
Research Team at Investec, notes that the Pound hit one month highs against the US Dollar yesterday trading back up to 1.4500 after the pair's recent foray under 1.4000...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 11:42
Analysis : Triangle has broken through the support line at 18-Mar-02:00 2016 GMT. Possible bearish price movement forecast for the next 10 hours towards 1.29. Supporting Indicators : Downward sloping Moving Average Resistance Levels...
Charts
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Lahcene Ouled Moussa, 18 March 2016, 11:36
Bert Colijn, Research Analyst at ING, notes that the growth in labour costs in the Eurozone increased modestly to 1.3% y-o-y in the fourth quarter of 2015. “Even though this is a 0.2 percentage point improvement from Q3, it still leaves growth well below the 1...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 11:36
Calculated level for today: Support (S1 / S2 / S3 = 41,12 / 40,84 / 30,39), resistance (R1 / R2 / R3 = 42,01 / 42,29 / 42,73). Key support levels (1st from 39.84 to 40.33 at the end of the day, the 2nd of 39.70 to 40.13...
Analytics & Forecasts
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oleksandr bilokon, 18 March 2016, 11:30
A few thoughts for your review… The EURJPY has formed a daily triangle within a daily fib. Technically this trend is still bullish, as higher highs and higher lows are in play. Price is now testing previous daily highs at the light green zone below...
Charts
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Lahcene Ouled Moussa, 18 March 2016, 11:29
The pound to euro exchange rate (GBP/EUR) has bounced off recent lows thanks to a positive view on the outlook contained in the Bank of England’s March policy meeting minutes...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 11:27
Societe Generale downgraded Banco Santander to Sell saying decreasing profitability in key markets puts the company's fully-loaded Core Tier 1 ratio target at risk. The firm cut its price target for the shares to EUR 4.0 from EUR 4.2. *Société Générale S.A...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 11:24
In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie dollar could slip towards the 0.7520/0.7415 area. “AUD/USD’s move higher has reached the 61.8% retracement at 0.7650/52 and we notice the 13 count on the daily chart and some caution is necessary...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 11:03
In view of the research team at UOB Group, the upside momentum in GBP/USD could extend towards 1.4570. “As mentioned in the 24-hour view, we clearly did not anticipate GBP to stage such a remarkable rally in such a short period of time (swinging from a low of 1.4053 on Wednesday to a high of 1...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 10:45 #GBP/USD
More short-term USD weakness. "The dovish Fed – discouraging USD bulls – has led to a de-positioning move supporting the once shunned currencies. GBP, AUD and many emerging market currencies fall into this category...
Analytics & Forecasts
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Francis Dogbe, 18 March 2016, 10:36
Changing the Market Thinking We’ve seen a change in the tone to FX markets this week, with the dollar index moving to new lows for the year, and is now down a cumulative 5% since the start (calculation helped by close at 100.0...
Analytics & Forecasts
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Mohammad Soubra, 18 March 2016, 10:34
The USD index is creeping higher, and although we sense some small correction is in the making, it is unlikely to develop into a significant move higher, though in the case of USD/JPY, yesterday’s ‘presence’ of the BoJ gave the lows a bid, so some consolidation above 111...
Analytics & Forecasts
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Vasilii Apostolidi, 18 March 2016, 10:22