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Intraday Technical Levels and Trading Recommendations for EUR/USD for March 23, 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, 23 March 2016, 15:14
Our short position in #GPBUSD already brings a quite large but unfixed #profit. A directional movement, which is currently observed, is a perfect time to add volume to the position. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers...
We have closed an order to sale #USDJPY with a #profit. As a result of further upward movement, the fractal was crossed upwards, and it involved us to the buy order. Find out more by checking out the Source Link...
We ask one of the leading Canadian dollar technical analysts where he sees the CAD going against the euro, US dollar and British pound. The Canadian dollar has been on a tear higher lately, buoyed by the strong fundamental underpinning provided by a recovery in oil prices...
Analytics & Forecasts
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Vasilii Apostolidi, 23 March 2016, 14:01
Both a Donald Trump and Hillary Clinton victory in the November election are keeping the US dollar under pressure argues a prominent currency analyst. The US dollar is already weakening on the back of political risk argue BMO Capital Markets in their latest forecast note on the US dollar...
Analytics & Forecasts
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Vasilii Apostolidi, 23 March 2016, 13:57
Had the Nationalists won the Scottish indepence debate the country would be declaring independence around about now. Economically, what has changed and how will it influence the debate going forward? In the event of a Brexit Scotland would probably be justified in calling their own referendum...
Analytics & Forecasts
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Vasilii Apostolidi, 23 March 2016, 13:56
Dear Friends, Global Trends 2016 Report has been published for all clients. Now you can get this report (31 Pages). Please see the below message which brought to you from www.hotforex...
Analytics & Forecasts
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Pankaj D Costa, 23 March 2016, 13:39
Analysis : Inverse Head and Shoulders identified at 23-Mar-10:30 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.311 within the next 8 hours. Supporting Indicators : Upward sloping Moving Average Resistance Levels...
Charts
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Lahcene Ouled Moussa, 23 March 2016, 12:36
Almost two weeks ago the European Central Bank stated clearly that scope for further rate cuts was very limited...
Analytics & Forecasts
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Vasilii Apostolidi, 23 March 2016, 11:29 #EUR/USD
Some particularly sensitive bulls heard the alarm bell when #Gold today went below the support line of the current medium-term uptrend. It is recommended to stay out of the market until the #quotes leave the range of 1226.55-1271.38. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 23 March 2016, 11:21 #Trading
We should note a downward momentum of #GPBUSD after yesterday's terrorist attacks in #Brussels. Due to this and other fundamental factors, soon we may witness the testing of the short-term uptrend support line. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 23 March 2016, 11:17 #Trading
EUR/USD: Change to Neutral: Bullish phase ended, in a broad 1.1120/1.1375 range now. The break below 1.1200 yesterday was not surprising and indicates that the bullish EUR phase that started on the 11 Mar has ended...
The federal government released its 2016 budget today. The fiscal deficit for FY2016-17 is expected at C$29.4bn (1.5% of GDP), roughly in line with expectations, and at C$29.0bn (1.5% of GDP) for FY2017-18...
Analytics & Forecasts
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Vasilii Apostolidi, 23 March 2016, 10:47
USDX Technical Analysis for March 23, 2016 The Dollar index showed renewed strength yesterday and broke out of the short-term bearish channel. Is it a trend reversal? The decline has an overlapping structure which implies we are in a corrective phase...
Gold Technical Analysis for March 23, 2016 Despite an early breakout above the short-term resistance in Gold price, sellers pushed prices below support canceling the bullish scenario for a new high towards $1,300. As we said in our previous analysis, a rise from $1,045 can be completed...
The strongest signals this week from Danske's FX Scorecard are long AUD/JPY, long USD/JPY, and long EUR/JPY. * Danske Bank (formerly Northern Bank) is a commercial bank in Northern Ireland...
Analytics & Forecasts
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Vasilii Apostolidi, 23 March 2016, 10:08
A bid for safe assets after the attacks in Brussels supported modest gains in Treasuries along with curve Tuesday morning, but the gains reversed to modest losses in the front end and belly of the curve in the afternoon following the European close, in part triggered by less dovish comments from...
Analytics & Forecasts
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Batur Asmazoglu, 23 March 2016, 10:03
The USD has caught a bid in late Asian trading as markets digested commodities, Asia long-term economic outlook in light of falling local entrepreneurial returns and ambitious corporate balance sheets, and interest rate differentials widening further in favour of the USD...
Analytics & Forecasts
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Batur Asmazoglu, 23 March 2016, 09:43
Research Team at Rabobank, notes that the ECB announced a comprehensive easing package on 10 March, including a 10bp deposit rate cut, new 4-y TLTROs and an expansion of QE by EUR20bn to EUR80bn a month, with IG non-bank corporate sector bonds (CSPP) to be included in the list of eligible assets...
Analytics & Forecasts
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Batur Asmazoglu, 23 March 2016, 09:41
The Canadian dollar is giving away part of the recent gains vs. its neighbor on Wednesday, with USD/CAD trading on a firm note near 1.3080. USD/CAD attention to US data, EIA Spot is recovering some of yesterday’s losses and is back to trade in the boundaries of the key barrier at 1...
Analytics & Forecasts
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Batur Asmazoglu, 23 March 2016, 09:39