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We remain bearish on EUR on a structural basis, looking for a move to parity against USD by the end of the year. Our bearishness rests primarily on three pillars. First, euro area banks remain heavily levered...
Analytics & Forecasts
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Vasilii Apostolidi, 14 March 2016, 19:47
Here’s the market outlook for this week:: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bullish Price consolidated from Monday to Wednesday, before breaking upward on Thursday after first spiking downwards...
Analytics & Forecasts
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1246536 Ernest G., 14 March 2016, 19:33
Deutsche Bank expects no more easing at the BoJ meeting on 15 Mar. "The Bank likely needs to assess the effects on the NIRP...
Analytics & Forecasts
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Vasilii Apostolidi, 14 March 2016, 19:00 #usd/jpy
Currency investors should consider selling GBP/AUD this week, advises Credit Suisse in its weekly FX pick to clients. "Rationale: We expect an austere UK budget to weigh on GBP this week, especially if it comes with a downgrade to the treasury's UK GDP growth forecasts...
Analytics & Forecasts
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Vasilii Apostolidi, 14 March 2016, 17:00
CFTC IMM positioning data are only a snapshot of part of the currency market, but the net long yen speculative position last Tuesday, ahead of the ECB meeting, was the biggest since March 2008...
Analytics & Forecasts
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Vasilii Apostolidi, 14 March 2016, 16:07 #usd/jpy
This week, the main focus will shift back stateside with the Federal Open Market Committee (March 16) meeting. Nevertheless, there are also rate decisions from Bank of Japan (March 14), Bank of England (March 17) and Swiss National Bank (March 17...
Market News
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Francis Dogbe, 14 March 2016, 16:05
The single currency remains unable to gather traction on Monday, relegating EUR/USD to the 1.1100 neighbourhood following the NA open. EUR/USD weaker on USD-buying Despite the prevailing selling interest, the pair manages quite well to keep the 1...
Analytics & Forecasts
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Vasilii Apostolidi, 14 March 2016, 15:43 #EUR/USD
Currency Snapshot (Major Pairs) Dollar index trading at 96.55 (+0.39%) Strength meter (today so far) – Euro -0.34%, Franc -0.82%, Yen +0.12%, GBP -0.31% Strength meter (since last week) – Euro -0.34%, Franc -0.82%, Yen +0.12%, GBP -0.31% EUR/USD –...
Currency
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Roberto Jacobs, 14 March 2016, 15:40
Risk sentiment was stable in Asian hours, irrespective of weaker than expected industrial production and retail sales data out of China. It appears that last week’s ECB monetary policy announcement finally made a case of rising appetite for risk assets...
Analytics & Forecasts
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Vasilii Apostolidi, 14 March 2016, 15:37
• EUR/GBP has lost all of its ECB meeting's gains. It seems that there is no momentum taking place right now. The pair remains above hourly support at 0.7652 (10/03/2016 low). Next support lies at 0.7525 (22/01/2016 low). Hourly resistance can be located at 0.7848 (10/03/2016 high...
Analytics & Forecasts
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Francis Dogbe, 14 March 2016, 15:36
BNP Paribas expect the Bank of England to leave policy unchanged this week with a 9-0 vote, as softer data, fiscal tightening, a challenging global environment, and referendum uncertainty keep even the hawkish members of the Committee at bay...
Analytics & Forecasts
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Vasilii Apostolidi, 14 March 2016, 15:32 #forex
EUR/USD Holding on to 1.1100 The single currency remains unable to gather traction on Monday, relegating EUR/USD to the 1.1100 neighbourhood following the NA open. EUR/USD weaker on USD-buying Despite the prevailing selling interest, the pair manages quite well to keep the 1...
Currency
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Roberto Jacobs, 14 March 2016, 15:30
US Stocks Open Lower, Dow Nears 200-DMA Support Stock markets in the US opened on lower on Monday as oil price drop and weak China data released over the weekend overshadowed gains in Asian and European equity markets...
Market News
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Roberto Jacobs, 14 March 2016, 15:28
Calculated data levels: Support (S1 / S2 / S3 = 113,05 / 112,77 / 33), resistance (R1 / R2 / R3 = 113,93 / 114,21 / 65). Key support levels (1st from 113.52 to 1132.52 at the end of the day, the 2nd of 113.33 to 113.48...
Analytics & Forecasts
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oleksandr bilokon, 14 March 2016, 15:27
USD/CAD keeps highs near 1.3290 The greenback is recovering part of its shine vs. its Canadian peer on Monday, lifting USD/CAD to test daily highs near 1.3290. USD/CAD rebounds from 1.3210 Spot has managed to regain the 1.3200 handle after dropping to fresh multi-month lows in sub-1...
Currency
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Roberto Jacobs, 14 March 2016, 15:25
Calculated level for today: Support (S1 / S2 / S3 = 1,4285 / 43 / 1.4173) and resistance (R1 / R2 / R3 = 1,4425 / 67 / 1.4537). Key support levels (1st from 1.4217 to 1.4350 late in the day, the 2nd of 1.4217 to 1.4286...
Analytics & Forecasts
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oleksandr bilokon, 14 March 2016, 15:08
G20 GDP Growth Eases Slightly In Q4: OECD Growth of real Gross Domestic Product in the G20 area eased slightly in the fourth quarter, the Organization for Economic Co-operation and Development said Monday. Real GDP growth of G20 area weakened to 0.7 percent from 0...
Market News
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Roberto Jacobs, 14 March 2016, 15:06
Euro Weakens Against Majors The euro declined against its major rivals in European deals on Monday, as Eurozone bond yields fell after anti-euro party, Alternative f...
Currency
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Roberto Jacobs, 14 March 2016, 15:04
EUR/USD Trims Losses as Weak Oil Weighs Over US Stock Index Futures Oil driven losses in the major US equity index futures helped common currency regain poise, thus ensuring the EUR/USD pair recovered losses to trade largely unchanged on the day around 1.1030...
Currency
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Roberto Jacobs, 14 March 2016, 14:55
Calculated levels today: Support (S1 / S2 / S3 = 0,9805 / 0,9784 / 50), resistance (R1 / R2 / R3 = 0,9871 / 93 / .9926). Key resistance levels (1st from 0.9950 to 0.9840 late in the day, the 2nd of 0.9950 to 0.9946...
Analytics & Forecasts
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oleksandr bilokon, 14 March 2016, 14:48