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Based on Fed speakers since the January meeting, we expect the FOMC to remain on hold this month as they assess spillovers from the recent tightening of financial conditions and debate the cross-currents in the inflation outlook...
Analytics & Forecasts
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Vasilii Apostolidi, 11 March 2016, 19:16 #Fed
NZD/USD Trims Weekly Losses NZD/USD surged after the beginning of the American session and climbed from below 0.6600 to 0.6756, reaching the highest level since the Reserve Bank of New Zeland rate cut surprise. The pair is holding near the highs, currently trading at 0.6742/46, up 1...
Currency
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Roberto Jacobs, 11 March 2016, 19:08 #nzdusd
EUR/USD Attempts a Recovery to 1.1150 The offered tone in the greenback seems to have returned, now allowing EUR/USD to rebound to the 1.1150 area. EUR/USD still in red, upside capped at 1.1220 The pair has managed to gather some traction and stage a strong rebound after bottoming out in the 1...
Currency
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Roberto Jacobs, 11 March 2016, 19:05
The ECB made an interesting policy shift at its policy meeting yesterday...
Analytics & Forecasts
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Vasilii Apostolidi, 11 March 2016, 18:08 #ECB
Despite the large drop from the NZD after a surprise decrease in interest rates, the NZD/USD has regained a large majority of those losses today as the USD opens weak. The NZD/USD has been trading within an inclining channel since the start of February...
Analytics & Forecasts
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Daniel Bancans, 11 March 2016, 17:03 #nzdusd, forex
President Mario Draghi's remark during the ECB press conference yesterday that the bank is done cutting rates for now sent EUR soaring and European stocks and bonds tumbling, completely undoing the impact of the aggressive easing measures announced earlier...
Analytics & Forecasts
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Vasilii Apostolidi, 11 March 2016, 16:55 #ECB
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, GBP/USD, and USD/CHF. EUR/USD: went up 400 pips from the lows Thursday, likely on positioning...
It has long been argued that the strength or weakness of the U.S Dollar depends largely on the Interest rate cycle that the FED is operating on. The theory being: • A rate lowering cycle drives down interest cost to borrow the Dollar...
Analytics & Forecasts
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Francis Dogbe, 11 March 2016, 15:29 #FOMC, Fed
We take a look at where the NZ dollar stands in the wake of the surprise decision by the RBNZ to cut interest rates. If you were the governor of a central bank and you wanted the most ‘bang for your buck’ you will have to catch markets by surprise...
Analytics & Forecasts
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Vasilii Apostolidi, 11 March 2016, 15:13
The British Chambers of Commerce (BCC) has downgraded its growth forecast for the UK economy, blaming "global headwinds and uncertainty". It now expects the UK's economy to grow by 2.2% this year, down from a previous estimate of 2.5%. The BCC also cut its growth forecast for 2017 to 2.3% from 2...
Market News
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Francis Dogbe, 11 March 2016, 14:57
The selling bias remains unchanged around the shared currency on Friday, confining EUR/USD to trade in the 1.1100/1.1080 band for the time being. EUR/USD down on profit taking, risk-on Spot keeps alive its downside from ECB-led peaks around 1.1220 during overnight trade...
Analytics & Forecasts
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Vasilii Apostolidi, 11 March 2016, 14:41 #EUR/USD
An order to sale #GPBUSD has activated, and soon the result was fixed at the level of 1.4241. Here we have entered the market to buy, and this order is still relevant. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Euro Declines Against Majors The euro fell against its major opponents in European deals on Friday, amid stark contrast in the European Central Bank's monetary policy from those of other major central banks in rest of the world...
Currency
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Roberto Jacobs, 11 March 2016, 14:25
An order to enter a long position in #USDJPY has activated on a breakthrough of a fractal (up) at 114.26. Soon it was closed, according to System rules, and currently we have no open positions. Find out more by checking out the Source Link...
USD/CAD: Sell-off Stalls as Oil Trims Gains Canadian dollar’s tight correlation with oil continues remains intact; with USD/CAD sell-off stalling near Wednesday’s low given oil has trimmed gains. Off lows, but still down 0.67% Pair has recovered slightly from the low of 1...
Currency
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Roberto Jacobs, 11 March 2016, 14:17
AUD/USD Now Targets 0.7600 In view of the research team at UOB Group, the next hurdle for the Aussie dollar remains at 0.7600 in the short-term. Key Quotes “The high of 0.7528 held just below the 0.7535 objective”...
Analytics & Forecasts
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Roberto Jacobs, 11 March 2016, 14:15
Analysis: (2016-03.09) After the breakdown of the channel up H4 pair tested EMA521 (monthly), EMA1440 (yearly) and returned to slain (up H4 broken) to roll back. (03/10/2016) The test confirmed EMA521 levels of breakdown and subsequent roll back down (alternate achievement goals short sales...
Analytics & Forecasts
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oleksandr bilokon, 11 March 2016, 14:14
GBPUSD: The pair remains biased to the upside on corrective recovery leaving risk of more strength on the cards. On the downside, support lies at the 1.4250 level where a break will turn attention to the 1.4200 level. Further down, support lies at the 1.4150 level...
Analytics & Forecasts
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FXTechstrategy Team, 11 March 2016, 14:13
Brent oil prices were boosted by IEA report, but failed to chew through offers around $41.00/barrel. Stays above 5-DMA The futures have trimmed gains to $40.75, but stay well above 5-DMA located at $40.40 levels...
Analytics & Forecasts
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Vasilii Apostolidi, 11 March 2016, 14:08 #Brent
Dramatic Journey of Euro in the Aftermath of ECB Piotr Matys, EM FX Strategist at Rabobank, notes that the ECB revealed a comprehensive package of easing measures to boost inflation and economic activity in the Eurozone. Key Quotes “Key measures include a 10bp cut in the deposit rate to -0...
Market News
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Roberto Jacobs, 11 March 2016, 14:05