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EUR/JPY Rejected off 126.00 Resistance EUR/JPY saw heavy demand in early Tokyo, sending the pair straight into the 126.00 resistance level - prior triple bottom -, from where offers have managed to cap further upside, allowing a mild correction lower towards 125.80, current price...
Currency
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Roberto Jacobs, 16 March 2016, 06:06
EURUSD Daily Forecast: March 16 2016 EURUSD Forecast The EURUSD was indecisive yesterday. The bias remains bearish in nearest term but as long as stays above 1.1065 price is still in a bullish phase targeting a trend line resistance located around 1.1300 area as you can see on my H1 chart below...
Analytics & Forecasts
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Roberto Jacobs, 16 March 2016, 05:55
GBPUSD Daily Forecast: March 16 2016 GBPUSD Forecast The GBPUSD continued its bearish momentum yesterday bottomed at 1.4138 and slipped below 1.4130 earlier today. The bias remains bearish in nearest term especially if price able to make a clear break and consistent movement below 1...
Analytics & Forecasts
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Roberto Jacobs, 16 March 2016, 05:53
USDJPY Daily Forecast: March 16 2016 USDJPY Forecast The USDJPY had a bearish momentum yesterday bottomed at 112.63 but closed higher at 113.11 and hit 113.55 earlier today. The bias remains neutral in nearest term...
Analytics & Forecasts
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Roberto Jacobs, 16 March 2016, 05:51
USDCHF Daily Forecast: March 16 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 0.9820 support area. A clear break and daily close below that area could trigger further bearish pressure testing 0...
Analytics & Forecasts
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Roberto Jacobs, 16 March 2016, 05:49 #usdchf
Calculated level for today: Support (S1 / S2 / S3 = 1227,71 / 1224,29 / 1219,58), resistance (R1 / R2 / R3 = 1236,63 / 1239,55 / 1244,26). Key resistance levels (1st from 1244.56 to 1233.94 at the end of the day, the 2nd ox 1255.92 to 1245.94...
Analytics & Forecasts
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oleksandr bilokon, 16 March 2016, 04:03
Pivot Points-Daily Last Updated: Mar 16, 5:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09934 1.1047 1.10773 1.11006 1.11309 1.11542 1.12078 USD/JPY 110.26 111.772 112.435 113.284 113.947 114.796 116.308 GBP/USD 1.38628 1.40299 1.40892 1.4197 1.42563 1.43641 1.45312 USD/CHF 0.97767 0.98235 0...
Market News
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Mohammad Soubra, 16 March 2016, 03:59
Calculated level for today: Support (S1 / S2 / S3 = 38,82 / 49 / 37.95) and resistance (R1 / R2 / R3 = 39,8 / 40,22 / 75). Key resistance levels (1st from 40.03 to 39.21 at the end of the day, the 2nd of 40.23 to 39.98...
Analytics & Forecasts
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oleksandr bilokon, 16 March 2016, 03:55
How Will the Fed Decision and Forecast Effect the Dollar, SPX...
Analytics & Forecasts
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Mohammad Soubra, 16 March 2016, 03:54
THE US CENTRAL BANK IS NOT ANTICIPATED TO HIKE RATES OPTING INSTEAD TO MAKE USE OF RHETORIC AND FORECASTS Central banks around the world are running out of options to boost growth. The European Central Bank (ECB) over delivered last week in a better than expected easing monetary policy action...
Analytics & Forecasts
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Mohammad Soubra, 16 March 2016, 03:50
Central bank impotence and a potential bottom in the euro mean that most of the volatility for EUR/GBP will likely be supplied by referendum speculation...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 23:33
The USDJPY continues to fall after the retail sales disappoint. The control group which feeds into the GDP saw the number come in at 0.0% vs +0.2%. The revision shaved a healthy amount off of the January number (from +0.6% to +0.2%). What was a great start to 2016 (+0...
Analytics & Forecasts
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Francis Dogbe, 15 March 2016, 22:52
Trade in the euro exchange rate complex over recent days has therefore been undestandably tricky to decode. The EUR to USD pair continues to drift lower, yet it still retains the majority of the gains registered following the ECB meetingfrom last week...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 22:44
The EUR/USD has opened Tuesday’s trading moving inside of a 53-pip range. Despite today’s US Advanced Retail Sales figures posting better than expected at -0...
Analytics & Forecasts
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Francis Dogbe, 15 March 2016, 22:42
EUR/USD spotlight remains on the “point of breakout” and 200- day average at 1.1068/44, notes Credit Suisse. "We look for this to ideally hold to keep the bias higher in the range for 1.1176, then a test of the recent price high at 1.1218. "Extension through here can aim at gap and 78...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 22:00 #EUR/USD
After testing key levels 1.06/1.05 last year, EUR/USD is undergoing broad consolidation. Downtrend is still in place; 1.06/1.05 will decide next leg of down cycle. Short term though, the pair revisited February lows (1.08) and looks to show a rebound towards 1.1250. Graphical levels at 1...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 21:38 #EUR/USD
The ECB has taken yet another step towards trying to heal the European economy. However, underlying arguments for further easing measures are still the same: inflation will remain far from target. Although rates are unlikely to be lowered further, the ECB will continue to expand its balance sheet...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 18:08 #EUR/USD
With the US economy continuing to grow above trend, printing very robust employment gains month after month, and with unemployment at 4.9% and a sharper-than-expected acceleration in core inflation, rates hikes will be on the agenda for this FOMC meeting...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 17:22
Buying the Franc may be the best way to protect your sterling exposure ahead of the EU referendum. HSBC’s global head of research has recommended going long the Swiss Franc as the ideal hedge in case of the sterling weakening following a Brexit vote...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 16:02
Nomura doesn't expect the FOMC to change policy at tomorrow’s meeting. "Recent commentary from Fed officials does not suggest that a change is imminent. The more interesting question will be how the FOMC’s forecast for the economy and interest rates change...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 15:52 #FOMC