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AUD/USD Bulls Relieved on China Data AUD/USD is little changed on the release of the Chinese CPI and PPI data and the bulls can relax. Chinese producer price index y/y for Feb came in line with expectations of -4.9% vs -5.3% prior. The consumer price index mom for Feb beat expectations of 1...
USD/JPY Recovery Stalls Near 113.70 Post-China CPI A fresh spurt of buying interest gripped the USD/JPY pair over the last hour, after markets were relieved somewhat after the Chinese CPI figures unexpectedly rose in Feb...
EURUSD Daily Forecast: March 10 2016 EURUSD Forecast The EURUSD attempted to push lower yesterday bottomed at 1.0945 but closed higher at 1.0990. The bias is neutral in nearest term probably with a little bearish bias retesting 1.0945...
GBPUSD Daily Forecast: March 10 2016 GBPUSD Forecast The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 1.4170. A clear break below that area could trigger further bearish pressure testing 1.4130 – 1...
USDJPY Daily Forecast: March 10 2016 USDJPY Forecast The USDJPY failed to continue its bearish momentum yesterday topped at 113.45 and hit 113.68 earlier today. This fact keeps the double bottom bullish scenario remains strong. The bias is bullish in nearest term testing 114.00/50 area...
USDCHF Daily Forecast: March 10 2016 USDCHF Forecast The USDCHF attempted to push higher yesterday topped at 1.0040 but whipsawed to the downside and closed lower at 0.9971. The bias is neutral in nearest term probably with a little bearish bias testing 0.9900 region. On the upside, 1...
USDJPY: With the pair reversing its Tuesday losses on Wednesday, further bullishness is likely. On the downside, support comes in at the 112.50 level where a break if seen will aim at the 112.00 level. A cut through here will turn focus to the 111.50 level and possibly lower towards the 111...
If the ‘leave’ camp wins the UK referendum on June 23, the EU will become smaller and weaker both in economic and geopolitical terms. The EU share of the world population will fall from 7.0 to 6.1 percent. In terms of world GDP, in purchasing power parity terms the EU share will decrease from 17...
The Indian rupee has a bright future according to analysts at HSBC. The Indian Rupee (INR) is expected to see a rise in the short-term as several factors holding back the emerging market (EM) foreign exchange multiverse lose their grip allowing currencies to rebound...
SEK to strengthen after the Riksbank take their foot off the pedal. The Swedish Kronor is likely to rise according to Swedish lender Handelsbanken after two leading members of the Riksbank suggested the easing cycle may be coming to an end...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, USD/CHF, and AUD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: Tuesday’s ‘‘doji’’ topping candle encourages our bearish view. We look for a move lower towards targets near 1...
On the EUR/USD daily chart you can see the price has retraced back to the 38.2% fibonacci line where is is forming doji candlestick formations which hint at a possible continuation downwards. Price is still below the 200 EMA, therefore this looks like a good bearish setup...
We test the dollar bloc currencies on a host of different measures to benchmark relative value. We focus on high-frequency data, medium-term valuation, and market positioning for our analysis. Our results show CAD has been the strongest macro trade thus far in 2016...
Dear Traders, Today I am introducing one of the new forex broker house. This broker is working from 2014 and within this short time this broker won two awards. I had traded with them few months, make profit and got withdrawal without any problem...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, GBP/USD, USD/JPY, EUR/JPY, AUD/USD, and NZD/USD. EUR/USD: A lot of short-term positions have been cleared and most market participants jumping back in will likely be running a smaller position...
Feedback loops continue to operate in financial markets, with equity and commodity prices remaining subdued after the rise in US rates earlier this week, notes BNP Paribas. "The US 2-year Treasury yield is holding below 90bp and the USD has continued to gain vs...
Risk aversion is failing to support the Euro. It’s trading less like the yen amid the concerns about immigration and ‘Brexit’. That gives the ECB a greater chance of driving it lower if they deliver easier policy on Thursday. I’ve not given up hope of a test or even a break of EUR/USD 1...
