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In opinion of strategists at Westpac, occasional bullish attempts in the pair could be limited at the 1.4040/80 band...
Analytics & Forecasts
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Batur Asmazoglu, 2 March 2016, 10:42
The greenback is recovering part of the ground lost to its Canadian peer on Tuesday, now sending USD/CAD to test fresh highs in the mid-1.3400s. USD/CAD attention to ADP, EIA After a brief adventure to sub-1.3400 levels during yesterday’s session, spot has managed to regain the 1...
Analytics & Forecasts
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Batur Asmazoglu, 2 March 2016, 10:38
ICE, the owner of the New York Stock Exchange might gatecrash the merger bid between the London Stock Exchange and the Deutsche Boerse with a counter bid offer. Quote from the telegraph today : "Shares in LSE soared to a record high of £29...
Market News
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Aaditya Bhagra, 2 March 2016, 10:36
USD/CHF has recovered over the past two weeks; however the franc has continued to trade firmer against the EUR. SNB Jordan’s speech last week saw the President reiterate that the franc remains ‘considerably overvalued’ against the EUR and that the SNB stands ready to intervene if necessary...
Analytics & Forecasts
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Vasilii Apostolidi, 2 March 2016, 10:27
During February the pound weakened further against the US dollar in terms of London closing rates from 1.4174 to 1.3935, notes (the Bank of Tokyo-Mitsubishi) BTMU...
Analytics & Forecasts
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Vasilii Apostolidi, 2 March 2016, 10:26 #GBP/USD
Summary : Target Level : 160.2569 Target Period : 3 days Analysis : Triangle has broken through the resistance line at 01-Mar-08:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 160.257...
Charts
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Lahcene Ouled Moussa, 2 March 2016, 10:23
Upside surprises continue for the US economic data calendar, meanwhile. The manufacturing Ism wasn’t as weak as feared and the price component was stronger. On we go to the ADP employment survey tomorrow, which we expect to show a 225k increase, i.e. a little above the recent trend...
EUR/USD: Bearish: Take partial profit at 1.0810. While we remain bearish EUR, the price action is in line with our expectation wherein we expect limited downside potential. This pair is struggling to move lower and those who are shorts may want to take partial profit at 1.0810...
Research Team at Societe Generale, suggests that the USD/CAD has re-integrated within multiyear upward channel and in the process it has formed a bearish engulfing last month. Key Quotes “This follows a shooting star in January and denotes possibility of further down move. 1.3650/1...
Analytics & Forecasts
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Batur Asmazoglu, 2 March 2016, 10:18
Research Team at Nomura, suggests that the limits of monetary policy have become increasingly clear since the 2008–09 global financial crisis...
Analytics & Forecasts
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Batur Asmazoglu, 2 March 2016, 10:16
USD/CAD Has Re-Integrated Within Multiyear Upward Channel - SocGen 02 Maret 2016 7:47 AM Research Team at Societe Generale, suggests that the USD/CAD has re-integrated within multiyear upward channel and in the process it has formed a bearish engulfing last month...
Currency
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Roberto Jacobs, 2 March 2016, 09:38
Gold Technical Analysis for March 2, 2016 02 Maret 2016 2:37 PM Gold price remains inside the triangle pattern and is now testing the lower boundary of the triangle. This is the time for short-term traders to go long with stops at $1,210...
USD/JPY: Bulls eye 23.6% Fibo Level, Sits Above 114 Levels 02 Maret 2016 7:45 AM The USD/JPY pair extended gains on the back of risk-on tone in the markets and the bulls are now eyeing 114.48 (23.6% of May 15 high-Feb 16 low...
Currency
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Roberto Jacobs, 2 March 2016, 09:29
Japan: Economic Policy Under Negative Interest Rates – Nomura 02 Maret 2016 7:42 AM Research Team at Nomura, suggests that the limits of monetary policy have become increasingly clear since the 2008–09 global financial crisis...
Market News
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Roberto Jacobs, 2 March 2016, 09:26
Daily Analysis of GBP/USD for March 02, 2016 GBP/USD has been trading sideways below the resistance level of 1.3963 and the 200 SMA on H1 chart. When the pair does a breakout below the 1.3878 price zone, then bears will be stronger and the Cable may look to reach new lows on a short-term basis...
Analytics & Forecasts
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Roberto Jacobs, 2 March 2016, 08:46
Technical Analysis of EUR/USD for March 02, 2016 When the European market opens, some economic news will be released such as PPI m/m and Spanish Unemployment Change. The US will release economic statistics too such as Beige Book, Crude Oil Inventories, and ADP Non-Farm Employment Change...
Technical Analysis of USD/JPY for March 02, 2016 In Asia, Japan will release the Monetary Base y/y. The US will release a series of economic data such as Beige Book, Crude Oil Inventories, and ADP Non-Farm Employment Change...
Daily Forecast AUDUSD On the monthly chart, the price is within the inv ab=cd harmonic pattern range. We are expecting to have a surge if the demand fuels up across the market. Best of luck to all the members of MyForexOffice. Description Analyzer : http://myforexoffice...
Analytics & Forecasts
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Fered Jason, 2 March 2016, 08:35
EUR/USD Could See a Bounce if ECB Disappoints – Westpac 02 Maret 2016 7:13 AM In view of strategists at Westpac, the pair could see a squeeze higher in case the ECB fails to meet (or surpass) expectations at its meeting next week. Key Quotes “A thicket of support in the 1.07-1...
Currency
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Roberto Jacobs, 2 March 2016, 08:29
The Australian dollar gained almost 1% against the U.S. dollar after better-than-expected GDP data. Strong statistics may give only a short-term momentum to the pair since the dollar continues to rise against its main counterparts. Find out more by checking out the Source Link...