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The Canadian Dollar has recovered by almost 9.0% since bottoming in January, but has this purple patch reached an end? USD/CAD’s downside correction to 1.32 may be near its end according to J.P Morgan’s Daniel P Hui, who sees the pair recovering to 1.45 by the end of the second quarter...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 13:10
There was a break of the short-term uptrend support line, which brought another point in favor of bears in #GPBUSD. Earlier they have already benefited from the situation, triggering a rebound from the top of the medium-term descending channel. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 16 March 2016, 13:06 #Trading
The Federal Reserve will present its decision on monetary policy, its statement, updated forecasts and Yellen's presser Both Dollar and general risk trends will be exposed to the outcome of this important event While the Fed is the biggest event, there is also: NZ GDP, Aussie employment, an SNB r...
Analytics & Forecasts
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Gabriel D Arco, 16 March 2016, 13:06
According to the research team at UOB Group, the AUD dollar could struggle to gain further upside momentum. “While a retest of the 0.7445 overnight low will not be surprising, 0.7425 is expected to hold for recovery to 0.7495/00. Yesterday’s high near 0...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 13:05
Dear Traders, There was no trend in the EUR/USD Tuesday as investors stayed on the sideline before the highly anticipated FOMC announcement. By contrast, the trend was clear in the British pound which fell towards 1.4120, which are more than 300 pips lower compared to its high late last week...
Analytics & Forecasts
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maimarfx, 16 March 2016, 13:04 #Fed
Recovery of #oil somewhat stalled, and it has traditionally influenced the dynamics of #USDCAD. #Quotes still remain within the short-term descending channel, but market participants will determine with further actions after the results of today's #FOMC meeting...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 16 March 2016, 13:03 #Trading
Heading into the FOMC’s March rate-decision, market participants are looking past this meeting as FFR futures are only pricing in around a 4% chance of a rate-hike with only 4 out of 97 analysts forecasting a rate-hike in March in the latest BBG poll...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 12:15 #FOMC
Calculated level for today: Support (S1 / S2 / S3 = 1,4135 / 1,4095 / 32), resistance (R1 / R2 / R3 = 1,4261 / 1,4301 / 64). Key support levels (1st from 1.4316 to 1.4194 late in the day, the 2nd of 1.4344 to 1.4272...
Analytics & Forecasts
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oleksandr bilokon, 16 March 2016, 12:01
Our 2016 FX outlook published in November called for this year to be the year of 'USD and JPY strength'...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 11:57
Calculated levels today: Support (S1 / S2 / S3 = 1.1080 / 67/47), resistance (R1 / R2 / R3 = 1.1120 / 33/53). Key level (1st from 1.1116 to 1.1100 late in the day, the 2nd of 1.1147 to 1.1125...
Analytics & Forecasts
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oleksandr bilokon, 16 March 2016, 11:55
Calculated levels today: Support (S1 / S2 / S3 = 0,9852 / 41/23), resistance (R1 / R2 / R3 = 0,9888 / 99 / .9917). Key support levels (1st from 0.9853 to 0.9868 late in the day, the 2nd of 0.9845 to 0.9848...
Analytics & Forecasts
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oleksandr bilokon, 16 March 2016, 11:50
Розрахункові денні рівні: підтримки (S1/S2/S3=112,74/38/111.80), опору (R1/R2/R3=113,90/114,26/84). Ключові рівні опору (1-й від 113,30 до 113,14 в кінці дня, 2-й від 113,73 до 113,38...
Analytics & Forecasts
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oleksandr bilokon, 16 March 2016, 11:44
Several factors suggest CAD risks are still skewed to the downside. First, the sharp reversal in CAD/USD makes the currency prone to some payback, in our view, and markets are still short on net...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 11:22
Broker: OctaFX (true ECN execution without requotes, without commission) 1. Testing with standard parameters on EURUSD,H1 (01.01.2015-01.01.2016): Initial deposit: $2850.00 Initial volume: 0.1 lots Spread: 10...
Statistics
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Aleh Sasonka, 16 March 2016, 11:07
Technical analysis of USD/CAD for March 16, 2016 General overview for 16/03/2016: The projected target for the wave B at the 1.3383 level has been hit as expected. Nevertheless, the market might extend the corrective cycle even higher towards the level of 1.3446...
The Fed is likely to tactically delay normalization at the March FOMC meeting, with three 2016 hikes in the updated dot plot. --The FOMC should continue evaluating global risks, whereas a more "balanced" assessment would lift front-end rates...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 10:47 #Fed
UK Unemployment Preview: What to Expect of GBP/USD? Renewed Brexit fears are scaring investors out of Sterling positions ahead of the UK unemployment data, wage growth figure and budget statement release...
Market News
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Roberto Jacobs, 16 March 2016, 10:45
EUR/USD Drops Further Near 1.1070 The selling pressure is now growing bigger around the common currency, with EUR/USD visiting the area of 1.1080/70 or session lows...
Currency
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Roberto Jacobs, 16 March 2016, 10:41
CPI: We expect the headline CPI to have fallen 0.2% m/m on account of sharply lower seasonally adjusted prices for retail gasoline. We look for core CPI to be up a modest 0.1% m/m, as we expect the January strength in core goods to reverse in this month’s release...
Analytics & Forecasts
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Vasilii Apostolidi, 16 March 2016, 10:32
NZD/USD Neutral Near-Term – UOB The research team at UOB Group expects the neutral bias on the pair to remain in the next 1-3 weeks. Key Quotes “The overnight movement is line with our expectation wherein we expect the current pull-back in NZD to extend lower to 0.6545”...
Currency
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Roberto Jacobs, 16 March 2016, 10:29 #nzdusd