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EUR/NZD Analysis for March 09, 2016 Overview: Recently, EUR/NZD has been moving downwards. As I expected, the price tested the level of 1.6141 in a high volume. In the daily time frame, we can observe a supply bar in an average volume...
Analytics & Forecasts
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Roberto Jacobs, 9 March 2016, 14:36
Intraday Technical Levels and Trading Recommendations for GBP/USD for March 9, 2016 On January 21, after the GBP/USD pair moved below 1.4220, evident signs of a bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4220 and 1.4360 again...
Analytics & Forecasts
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Roberto Jacobs, 9 March 2016, 14:31
Gold Analysis for March 09, 2016 Overview : Since our last analysis, gold has been trading downwards. As I expected, the price tested the level of $1,251.45 in a high volume. In the daily time frame, I found a supply bar (upthrust), which is the sign of weakness and sluggish demand...
Analytics & Forecasts
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Roberto Jacobs, 9 March 2016, 14:26 #gold
Intraday Technical Levels and Trading Recommendations for EUR/USD for March 9, 2016 In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms had been previously set in July 2012 and June 2010...
Analytics & Forecasts
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Roberto Jacobs, 9 March 2016, 14:22
The Bank of England will be drawn into the debate surrounding UK membership in the European Union asGovernor Mark Carney testifies on the matter before Parliament’s Treasury Select Committee. The government has announced that it will put so-called “Brexit” to a referendum on June 23...
Analytics & Forecasts
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Francis Dogbe, 9 March 2016, 14:04
If you call yourself a trader, other traders, profitable or not, see it as “treason” when they hear that you are also pursuing other businesses besides trading...
Other
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Francis Dogbe, 9 March 2016, 13:53 #Trading, forex
Yesterday say yet another poor news revelation from China with the contracted exports falling -25.4% in USD term Despite this Chinese markets actually trade higher yesterday with hopes that the PBoC will increase stimulus. Chinese exports plummeted one quarter in February;- 25...
Market News
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Daniel Bancans, 9 March 2016, 13:47 #China
Analysts at Lloyds Bank provide their insight and forecasts for the Australian and New Zealand Dollar. Analysts at Lloyds Bank forecast the Australian dollar to gradually appreciate towards 0.78 by the end of the year – as long as global risk appetite remains stable...
Analytics & Forecasts
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Vasilii Apostolidi, 9 March 2016, 12:02 #forex
As a result of restoration of the British currency in recent days, #GPBUSD have reached the resistance line of the current downtrend. Here also runs the 50% retracement level from the February wave of decline. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 9 March 2016, 11:47 #Trading
After #USDCAD quotes have reached the important support level, some bears preferred to fix results of their short positions, which triggered a rebound. A decline in #oil prices also played an important role in the negative dynamics of the loonie. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 9 March 2016, 11:44 #Trading
-Yes, but we see the risks currently as relatively low. Our base case remains a gradual devaluation to 6.90 against the USD at year-end. --A domestic debt crisis could be one trigger, although the government appears to have the fiscal space to recapitalize the banks...
Analytics & Forecasts
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Vasilii Apostolidi, 9 March 2016, 11:35 #China
1. Deposit rate: current -0.30% SG forecast: -20bp to -0.50% Consensus: -10bp Forecast range: no change to -20bp 2. Asset purchase programme : current €60bn/month until March 2017 (sovereign, ABS, CB) SG forecast: no change...
Analytics & Forecasts
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Vasilii Apostolidi, 9 March 2016, 11:25 #EUR/USD
EUR/USD: Neutral: Still neutral with key levels at 1.0900 and 1.0100. There is not much to add as the recent short-term EUR strength struggles to maintain its momentum. The outlook is still viewed as neutral and as mentioned in recent updates, only a strong daily closing above 1...
EUR/GBP: Bearish Mood Intact After Upbeat UK Data The EUR/GBP pair is looking to extend losses after the data in the UK showed manufacturing output improved higher than estimates in January. Eyes 0.77 handle The cross appears on track to test psychological support level of 0.77...
Currency
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Roberto Jacobs, 9 March 2016, 11:09
GBP/USD Advances Above 1.4200 Post-UK Data The sterling has now recovered the smile after mixed UK releases, lifting GBP/USD to test session highs near 1.4240. GBP/USD keeps 1.4200 on data Spot is now extending its bounce off session lows in the 1...
Currency
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Roberto Jacobs, 9 March 2016, 11:07
GBP/JPY Retakes 160.00 Handle Ahead of UK Data The buying interest in Sterling spiked ahead of the UK data release, pushing the GBP/JPY pair back above 160.00 levels. Trades positive on the day The cross now trades moderately positive on the day near 160.20 levels...
Currency
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Roberto Jacobs, 9 March 2016, 11:02
USD/CAD Off Highs, Back Near 1.3400 USD/CAD has faded the initial spike to daily peaks in the mid-1.3400s, coming back to challenge the critical support at 1.3400 the figure. USD/CAD attention to oil, BoC Crude oil prices have abandoned the area of recent highs beyond the $38...
Currency
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Roberto Jacobs, 9 March 2016, 11:00
GBP/USD Turns Positive Ahead of UK Data The bid tone around Sterling strengthened, pushing the GBP/USD pair higher on the day to 1.4222 levels ahead of the UK manufacturing production data. Supported by 23.6% Fibo level Pair flirted with 1.4178 (23.6% of 1.3835-1...
Currency
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Roberto Jacobs, 9 March 2016, 10:58
Calculated level for today: Support (S1 / S2 / S3 = 39,45 / 38,94 / 38,12), resistance (R1 / R2 / R3 = 41,09 / 60 / 42.42). Key level (1st from 39.66 to 40.56 at the end of the day, the 2nd of 38.80 to 39.31...
Analytics & Forecasts
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oleksandr bilokon, 9 March 2016, 10:54
Technical Analysis of EUR/JPY for March 9, 20169 General overview for 09/03/2016: There is still a chance for a possible leading diagonal structure to develop. This scenario is valid as long as the level of 123.09 is not violated. The market should rally upward towards the level of 124...