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Markets have confirmed what we suspected, the massive move higher witnessed in the wake of the ECB press conference was unjustified. The euro exchange rate complex has given up much of the gains made during and after the ECB press conference...
Analytics & Forecasts
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Vasilii Apostolidi, 11 March 2016, 13:04
Intraday Technical Levels and Trading Recommendations for GBP/USD for March 11, 2016 On January 21, after the GBP/USD pair moved below 1.4220, evident signs of a bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4220 and 1.4360 again...
Analytics & Forecasts
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Roberto Jacobs, 11 March 2016, 13:02
Intraday Technical Levels and Trading Recommendations for EUR/USD for March 11, 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, 11 March 2016, 12:57
The single currency flew into space after Mario Draghi said at the yesterday's press conference that the regulator has no plans to further reduce the deposit rate. #EURUSD increasing looked especially dramatic after a wave of sales in response to the regulator's decisions...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 11 March 2016, 12:51 #Trading
#Gold was staying within borders of a rather gentle upward channel for a month. The ECB meeting and subsequent performances of Mario Draghi have resulted in a rather intensive growth to the upper border of this channel. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 11 March 2016, 12:48 #Trading
Research Team at ING, suggests that the next week is all about central banks, with a total of five key DM meetings taking place...
Analytics & Forecasts
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Batur Asmazoglu, 11 March 2016, 12:48
Dear Friends, Near about 2 years before gold trade was my favourite. That time I had earned good profit from gold trading. But I had spent more than 5 pips spread commission while trading in gold. I know, lot of traders are here who is trading in gold...
Analytics & Forecasts
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Pankaj D Costa, 11 March 2016, 12:26
Did Financial Markets Misunderstand ECB President Draghi...
Market News
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Mohammad Soubra, 11 March 2016, 12:04
Pivot Points-Hourly Last Updated: Mar 11, 2:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.10335 1.10629 1.1073 1.10923 1.11024 1.11217 1.11511 USD/JPY 113.447 113.627 113.705 113.807 113.885 113.987 114.167 GBP/USD 1.42277 1.42588 1.42722 1.42899 1.43033 1.4321 1.43521 USD/CHF 0.98428 0...
Market News
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Mohammad Soubra, 11 March 2016, 12:01
The ECB delivered significant easing measures on Thursday, lowering its depo rate by 10bp, cutting its refi rate by 5bp, increasing the run rate of asset purchases, adding scope to purchase corporate debt and announcing additional long-term repo operations...
Analytics & Forecasts
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Vasilii Apostolidi, 11 March 2016, 11:49 #EUR/USD
The ECB today announced that it was cutting the main refinancing rate by 5bp to 0%, cutting the marginal lending rate by 5bp to 0.25%, cutting the deposit facility rate by 10bp to -0...
Analytics & Forecasts
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Vasilii Apostolidi, 11 March 2016, 10:39
Analysis : Triangle has broken through the support line at 10-Mar-00:00 2016 GMT. Possible bearish price movement forecast for the next 3 days towards 73.957. Supporting Indicators : Downward sloping Moving Average Resistance Levels...
Charts
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Lahcene Ouled Moussa, 11 March 2016, 10:38
The euro has strengthened sharply following the ECB’s announcement of more aggressive easing, notes BTMU. "The counter intuitive reaction sends a bullish signal for the outlook for the euro in the near-term...
Analytics & Forecasts
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Vasilii Apostolidi, 11 March 2016, 10:37 #EUR/USD
Elevated inflation risks and a vulnerable ruble could force the CBR to stay on the sidelines at March 18th meet. The ruble has gained quite a bit since weakening to a record low of USD/RUB 85.9675 on January 21, and is currently trading at 70.7908 levels...
Analytics & Forecasts
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Batur Asmazoglu, 11 March 2016, 10:36
EUR/USD: Outlook turn bullish but upside likely limited to 1.1245. The strong overnight rally is accompanied by impulsive momentum and the outlook for EUR in the next 1 to 2 weeks has shifted to bullish from neutral. That said, it is very likely that we have seen a bulk of the move...
Euro suffered three of its biggest swings since the financial crisis, in last 12 months, while FED was responsible indirectly for one of them, ECB is twice guilty...
Analytics & Forecasts
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Batur Asmazoglu, 11 March 2016, 10:34
It would be fair to say that European Central Bank (ECB) succeeded in surprising the market, with big stimulus package it delivered, so the immediate effect was as intended. Bond yields were dropping, Euro was going down, Pan European blue chip index EuroStxx50 was up more than 3.5...
Analytics & Forecasts
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Batur Asmazoglu, 11 March 2016, 10:32
Technical Analysis of USD/CAD for March 11, 2016 General overview for 11/03/2016: The weekly pivot point at the level of 1.3396 was tested after the data release and it capped the price...
Technical Analysis of EUR/USD for March 11, 2016 When the European market opens, some economic news on the Italian Industrial Production m/m and German Final CPI m/m is due to be released. The US will deliver the economic data on the Import Prices m/m...
Yesterday, the #ECB has announced a number of extraordinary measures to maintain the economy of the euro zone. The monetary policy has never been so ultra-soft! All that the market had expected from Mario #Draghi was a reduction of the deposit rate, but he surpassed himself...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 11 March 2016, 09:17 #Trading, forex