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In their weekly notes to clients today, the FX strategy teams at Societe Generale and BNP Paribas advise investors to position for a possible EUR bounce heading into and after the upcoming ECB March meeting next week...
Analytics & Forecasts
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Vasilii Apostolidi, 4 March 2016, 11:12 #forex
EUR/USD: Change to Neutral: Bearish phase ended quickly. Bullish only if daily close above 1.1005/10. When we turned bearish on Monday (29 Feb), we had a ‘modest’ downside target of 1.0810. The low has been 1.0823 and the subsequent strong rebound from the low took out the stop-loss at 1.0965...
Analysis : Channel Down has broken through the resistance line at 03-Mar-17:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 1.091. Supporting Indicators : Upward sloping Moving Average Resistance Levels...
Charts
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Lahcene Ouled Moussa, 4 March 2016, 10:52
There is no trade call for the session. The European session is decidedly light, however the NY session will see employment figures from the US which will no doubt cause volatility. US Employment Data is released today 1:30pm GMT...
Analytics & Forecasts
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Sherif Hasan, 4 March 2016, 09:41
Talking Points: February’s US employment report in the spotlight across financial markets Data’s non-impact on March rate hike bets may restrict trend development Upside surprise may translate into US Dollar strength in the weeks ahead All eyes are on February’s US Employment report in the final...
Market News
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Mohammad Soubra, 4 March 2016, 09:39
04 March 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 13:30 Non-Farm Employment Change USD High 195K 151K Positive 13:30 Average Hourly Earnings m/m USD High 0.5% 0.2% Neutral 13:30 Unemployment Rate USD High 4...
Analytics & Forecasts
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Mohammad Soubra, 4 March 2016, 09:36
THE NFP REPORT IS EXPECTED TO BREAK ABOVE 200,000 NEW JOBS IN FEBRUARY U.S. employment data has been mixed ahead of the U.S. non-farm payrolls (NFP) report...
Analytics & Forecasts
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Mohammad Soubra, 4 March 2016, 09:35
Pivot Points-Hourly Last Updated: Mar 4, 11:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09297 1.09393 1.09446 1.09489 1.09542 1.09585 1.09681 USD/JPY 113.547 113.707 113.784 113.867 113.944 114.027 114.187 GBP/USD 1.41024 1.41285 1.41383 1.41546 1.41644 1.41807 1.42068 USD/CHF 0.98868 0...
Analytics & Forecasts
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Mohammad Soubra, 4 March 2016, 09:32
Pivot Points_Daily Last Updated: Mar 4, 11:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.06875 1.08068 1.08806 1.09261 1.09999 1.10454 1.11647 USD/JPY 111.794 112.765 113.213 113.736 114.184 114.707 115.678 GBP/USD 1.38081 1.397 1.40706 1.41319 1.42325 1.42938 1.44557 USD/CHF 0.97492 0...
Market News
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Mohammad Soubra, 4 March 2016, 09:30
On the ECB front, George Saravelos, Research Analyst at Deutsche Bank, thought that the central bank still had more ammunition to weaken the euro...
Analytics & Forecasts
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Batur Asmazoglu, 4 March 2016, 09:25
The Canadian dollar is giving away some of its recent gains vs. the greenback, with USD/CAD now meandering a narrow range in the 1.3415/10 region...
Analytics & Forecasts
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Batur Asmazoglu, 4 March 2016, 09:23
Pre European Open, Daily Technical Analysis Friday, March 04, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the upside prevails. Pivot: 1.0890 Most Likely Scenario: long positions above 1...
Analytics & Forecasts
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Mohammad Soubra, 4 March 2016, 09:21
Research Team at Nomura, suggests that the US container data suggest that both exports and imports declined in January. Key Quotes “However, a decline in goods in goods inflows outpaced a moderate decline in goods outflows on the month...
Analytics & Forecasts
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Batur Asmazoglu, 4 March 2016, 09:20
Research Team at Danske Bank, suggests that today focus will be on the US labour market report for February. Key Quotes “We estimate non-farm payrolls increased 160,000 in February, below the current consensus of 195,000...
Analytics & Forecasts
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Batur Asmazoglu, 4 March 2016, 09:17
The GBP/USD pair made an unsuccessful attempt to break below 1.4154 (38.2% of 1.4669-1.3835) level before making attempt to take out 1.4165 (23.6% of 1.5230-1.3835). Awaits breakout The spot is largely stuck between the two key Fibo levels...
Analytics & Forecasts
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Batur Asmazoglu, 4 March 2016, 09:15
The day came when the United States will publish one of the most important indicators – non-farm payrolls (#NFP). Many analysts expect that the economy has added more than 200 000 jobs. Whether it did or not, we will know during the U.S. trading session...
USD/CAD Consolidates in the Low-1.3400s, Payrolls eyed The Canadian dollar is giving away some of its recent gains vs. the greenback, with USD/CAD now meandering a narrow range in the 1.3415/10 region...
Currency
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Roberto Jacobs, 4 March 2016, 08:23
USD/JPY: Recovery Picks-up Pace, Nears 114 The USD/JPY pair found good support near 113.25 region and swung back higher, in response to the renewed rally seen in the Chinese equities. USD/JPY takes-out support-turned resistance 20-DMA at 113...
Currency
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Roberto Jacobs, 4 March 2016, 08:20
Elliott Wave Analysis of EUR/JPY for March 4, 2016 Wave summary: We still opt for the running triangle coount rather than the alternative counts. Short term, we would like to see a break below minor support at 123.91 and more importantly below 123...
Analytics & Forecasts
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Roberto Jacobs, 4 March 2016, 08:17
Technical Analysis of USD/JPY for March 04, 2016 In Asia, Japan will release the Average Cash Earnings y/y. As for the US, economic reports will be also released such as Unemployment Rate, Trade Balance, Non-Farm Employment Change, and Average Hourly Earnings m/m...