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Over the next three months or so, EUR trading will likely depend on three factors: i) efficacy of the ECB policy package, ii) external environment, especially Fed policy and risk sentiment, and iii) ECB willingness to ease further, including rate cuts, when necessary...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 12:11
GBPUSD: The pair followed through lower on the back of its Monday losses on Tuesday. This development leaves GBPUSD threatening further downside pressure in the days ahead. On the downside, support lies at the 1.4250 level where a break will turn attention to the 1.4200 level...
Analytics & Forecasts
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FXTechstrategy Team, 15 March 2016, 12:04
The Bank of Japan, last night decided to leave their current stimulus plan unchanged, in addition to the current benchmark rate at -0.10%. The members votes 8-1 to keep the current stimulus package at ¥80 trillion. The members also voted 7-2 to keep the benchmark rate unchanged...
Currency
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Daniel Bancans, 15 March 2016, 12:04 #Nikkei, forex
Along with Cable and EUR/GBP testing their recent extremes, GBP/JPY is now through initial support around 160.65-70, and is now eyeing a move on 160.00. Below here lies the Wednesday low at 159...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 12:00
Retail sales: We forecast retail sales to have declined 0.3% m/m in February, with a modest 0.2% rise in core sales offset by a steep decrease in gasoline station sales and fewer motor vehicle sales on the month...
Analytics & Forecasts
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Vasilii Apostolidi, 15 March 2016, 11:15
EUR/USD: Bullish: Upside likely limited to 1.1245. As mentioned last Friday, while we turned bullish EUR, the upside potential is likely limited to 1.1245. The current movement is a short-term consolidation and this should lead to an eventual move higher in the next few days...
The EUR/USD pair wiped out gains and turned negative in the European session, breaking below the 1.1100 support yet again, as the US dollar regained ground across the board. EUR/USD rejected at 1.1120 Currently, EUR/USD trades -0.17% to fresh session lows of 1...
Analytics & Forecasts
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Batur Asmazoglu, 15 March 2016, 11:05
The technical picture in #GPBUSD shows a cluster of support and resistance levels. On the one hand the short-term trend is upward, and on the other hand recently #quotes have tested the resistance line of the medium-term trend and then a downward correction started...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 15 March 2016, 11:00 #Trading
Quotes of #Gold have left borders of a rising price channel. This breakthrough has provoked an activation of protective stop orders, and it rapidly led the price to a support line of a larger order trend. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 15 March 2016, 10:56 #Trading
Oil benchmarks are being offered, with Brent now trading well below hourly 200-MA and appears on track to test 100-DMA support at $38.40 levels. Brent down 2% Futures currently trade 2% lower on the day around $38.75/barrel...
Analytics & Forecasts
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Batur Asmazoglu, 15 March 2016, 10:27
Research Team at Westpac, suggests that the appreciation of the USD over the past two years has been substantial and persistent and its most significant impact has been on the manufacturing sector, magnifying the impact of weak global growth...
Analytics & Forecasts
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Batur Asmazoglu, 15 March 2016, 10:24
Technical Analysis of USD/CHF for March 15, 2016 USD/CHF is expected to trade in a higher range as a technical rebound is expected. The pair is slightly turning up, and is likely to challenge the resistance at 0.9895 in the coming trading hours. A strong support base around 0...
The JPY bulls take a breather after the extensive rally, now pushing the USD/JPY pair back above 113 handle as dust settles over BOJ decision and focus shifts towards the Fed verdict...
Analytics & Forecasts
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Batur Asmazoglu, 15 March 2016, 10:14
Technical Analysis of NZD/USD for March 15, 2016 NZD/USD is under pressure. The pair clearly reversed down, and is now expected to challenge its support at 0.6615 in sight. The falling 20-period and 50-period moving averages play resistance roles, and should continue to push the prices lower...
Technical Analysis of GBP/JPY for March 15, 2016 GBP/JPY is expected to trade in a lower range as key resistance is set at 162.80. The pair remains under pressure below its nearest resistance at 1.3315, and is likely to post a new decline...
Technical Analysis of EUR/JPY for March 15, 2016 After forming a double bottom near 122.50, EUR/JPY started to move higher towards higher highs and higher lows. While growing, the price broke above the strong technical and psychological resistance at 125.00. Also, the pair broke above 1...
Technical Analysis of EUR/GBP for March 15, 2016 On March 10, after the news release, EUR/GBP sharply surged, breaking above the descending channel. The rise stopped, once the price tested the strong support level of 0.7835 (R2), which is 23.6% Fibonacci applied to the channel breakout point...
Brent Oil Slides, Eyes 100-DMA Support Oil benchmarks are being offered, with Brent now trading well below hourly 200-MA and appears on track to test 100-DMA support at $38.40 levels. Brent down 2% Futures currently trade 2% lower on the day around $38.75/barrel...
Crude Oil
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Roberto Jacobs, 15 March 2016, 09:56
AUD/USD Slumps to Lows Near 0.7460 The Aussie dollar is now depreciating further, dragging AUD/USD to visit fresh lows in the 0.7460 area...
Currency
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Roberto Jacobs, 15 March 2016, 09:53
EUR/USD Above 1.11 as Stoxx 50 Futures Drop The bid tone around EUR strengthened on signs of risk-off in equities, pushing the EUR/USD above 1.11 handle and to a session high of 1.1118 levels. Weak stocks support EUR At the time of writing, Stoxx 50 futures were down 0...
Market News
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Roberto Jacobs, 15 March 2016, 09:11