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USDJPY: With the pair reversing its Tuesday losses on Wednesday, further bullishness is likely. On the downside, support comes in at the 112.50 level where a break if seen will aim at the 112.00 level. A cut through here will turn focus to the 111.50 level and possibly lower towards the 111...
Analytics & Forecasts
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FXTechstrategy Team, 10 March 2016, 03:58
If the ‘leave’ camp wins the UK referendum on June 23, the EU will become smaller and weaker both in economic and geopolitical terms. The EU share of the world population will fall from 7.0 to 6.1 percent. In terms of world GDP, in purchasing power parity terms the EU share will decrease from 17...
Analytics & Forecasts
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Francis Dogbe, 9 March 2016, 23:58
The Indian rupee has a bright future according to analysts at HSBC. The Indian Rupee (INR) is expected to see a rise in the short-term as several factors holding back the emerging market (EM) foreign exchange multiverse lose their grip allowing currencies to rebound...
Analytics & Forecasts
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Vasilii Apostolidi, 9 March 2016, 22:53
SEK to strengthen after the Riksbank take their foot off the pedal. The Swedish Kronor is likely to rise according to Swedish lender Handelsbanken after two leading members of the Riksbank suggested the easing cycle may be coming to an end...
Analytics & Forecasts
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Vasilii Apostolidi, 9 March 2016, 22:51
We take a round robin of the range of current views about the outlook for the euro...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, USD/CHF, and AUD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: Tuesday’s ‘‘doji’’ topping candle encourages our bearish view. We look for a move lower towards targets near 1...
On the EUR/USD daily chart you can see the price has retraced back to the 38.2% fibonacci line where is is forming doji candlestick formations which hint at a possible continuation downwards. Price is still below the 200 EMA, therefore this looks like a good bearish setup...
Analytics & Forecasts
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Daniel Bancans, 9 March 2016, 20:27 #ECB
We test the dollar bloc currencies on a host of different measures to benchmark relative value. We focus on high-frequency data, medium-term valuation, and market positioning for our analysis. Our results show CAD has been the strongest macro trade thus far in 2016...
Analytics & Forecasts
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Vasilii Apostolidi, 9 March 2016, 19:49 #forex
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Analytics & Forecasts
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Pankaj D Costa, 9 March 2016, 19:20
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, GBP/USD, USD/JPY, EUR/JPY, AUD/USD, and NZD/USD. EUR/USD: A lot of short-term positions have been cleared and most market participants jumping back in will likely be running a smaller position...
An update on the Candian Dollar from forecasts at Westpac, Lloyds and Swissquote Bank...
Analytics & Forecasts
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Vasilii Apostolidi, 9 March 2016, 16:48 #forex
Feedback loops continue to operate in financial markets, with equity and commodity prices remaining subdued after the rise in US rates earlier this week, notes BNP Paribas. "The US 2-year Treasury yield is holding below 90bp and the USD has continued to gain vs...
Analytics & Forecasts
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Vasilii Apostolidi, 9 March 2016, 16:26 #forex
Risk aversion is failing to support the Euro. It’s trading less like the yen amid the concerns about immigration and ‘Brexit’. That gives the ECB a greater chance of driving it lower if they deliver easier policy on Thursday. I’ve not given up hope of a test or even a break of EUR/USD 1...
Analytics & Forecasts
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Vasilii Apostolidi, 9 March 2016, 16:08 #forex
USD/JPY: Go Long on Dips to 112.00 – Westpac Occasional dips towards the 112.00 area in USD/JPY are considered as buying opportunities, according to strategists at Westpac. Key Quotes “USD/JPY has not been able to break back above 114...
Currency
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Roberto Jacobs, 9 March 2016, 15:43
EUR/JPY Off Lows as JPY Selling Underway in NY session The offered tone around JPY gathered traction in the NY session, helping the EUR/JPY cross trim losses to trade around 123.50 levels...
Currency
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Roberto Jacobs, 9 March 2016, 15:41
EUR/USD Drops Further, Visits 1.0950 The shared currency keeps losing altitude on Wednesday, now sending EUR/USD to fresh daily troughs in the mid-1.0900s. EUR/USD cautious ahead of ECB Spot is prolonging its daily pullback from overnight tops near 1...
Currency
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Roberto Jacobs, 9 March 2016, 15:39
BoC March Meeting - Wed 3/9 - 10:00 AM ET No change in rates is expected at the March BoC meeting. Incoming data and a recovery in commodity prices have been supportive to growth expectations...
Analytics & Forecasts
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Vasilii Apostolidi, 9 March 2016, 15:34 #forex
Technical Analysis of NZD/USD for March 09, 2016 Overview: The NZD/USD pair sharply rose from the level of 0.6723 towards 0.6790. Now, the price is set at 0.6779. The resistance is seen at the level of 0.6820. Moreover, the price area of 0.6820 - 0.6815 remains a significant resistance zone...
Technical Analysis of USD/CHF for March 09, 2016 Overview: The USD/CHF pair continues to move upwards from the level of 0.9887. The pair rose from the level of 0.9887 to a top around 1.0028. Today, the first resistance level is seen at 1.10075 followed by 1...
USD/CAD Intraday Technical Levels and Trading Recommendations for March 9, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...
Analytics & Forecasts
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Roberto Jacobs, 9 March 2016, 15:26