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The USD continues to struggle versus the funding currencies, with EURUSD holding above 1.10 and USDJPY hovering around 113, notes BNP Paribas...
The future of the EU–China trade relationship — one of the largest in the world — will be substantially impacted by a debate over whether China should be granted ‘market economy status’ (MES) this year...
Market News
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Francis Dogbe, 8 March 2016, 14:34 #China
The Australian and Canadian dollars stood at multi-month highs early on Tuesday in the wake of a rally in commodity prices, contrasting with a subdued performance in the greenback, euro and yen. The Aussie came within a whisker of 75 U.S cents, reaching a high not see since July...
Market News
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Francis Dogbe, 8 March 2016, 14:30
U.S lender Citibank forecast the European Central Bank (ECB) could surprise investors with a more aggressive banquet of easing than markets are currenctly pricing in...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 12:56 #EUR/USD
The Bank of England has announced that it will offer extra cash facilities to the UK’s banks around the time of the EU referendum. The move is clearly a demonstration by the bank that it is being proactive in its approach to the event. The bottom line? This is aimed at stopping a run on the bank...
GOLD: With GOLD continuing to hold on to its broader upside pressure, further strength is expected. It now looks to recapture the 1279.00 resistance zone. But note that if that level remains unbroken, a move lower could follow. On the downside, support comes in at the 1260...
Analytics & Forecasts
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FXTechstrategy Team, 8 March 2016, 12:52
EUR/USD Around 1.1020 on EMU Data The European currency keeps its daily gains vs. the dollar today, with EUR/USD hovering over the 1.1020/25 band so far...
Currency
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Roberto Jacobs, 8 March 2016, 12:37
Technical Analysis of USD/CHF for March 08, 2016 USD/CHF is expected to trade in line with a bearish outlook. The pair has struck against its major resistance at 1.0010, and is now turning downwards following yesterday's rallies...
Technical Analysis of NZD/USD for March 08, 2016 NZD/USD is expected to trade with a bullish bias above 0.6730. Trading at 0.6769, the pair remains in consolidation, but still holds above its key support at 0.6730, which is expected to limit any room downside...
Technical Analysis of GBP/JPY for March 08, 2016 GBP/JPY is expected to trade with a bullish bias above 160.30. The pair stands firmly above its nearest support at 160.30, and is likely to post a new rebound after the recent consolidation...
Eurozone 4Q GDP revised to 1.6%YoY, Investment Booming Teunis Brosens, Research Analyst at ING, suggests that today’s details on Eurozone GDP in the fourth quarter, albeit long gone, show some encouraging signs about the Eurozone recovery...
Market News
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Roberto Jacobs, 8 March 2016, 12:18
EUR/GBP Ignores Eurozone GDP Release, Stays Hourly 50-MA The common currency ignored the Eurozone Q4 GDP release, leaving the EUR/GBP cross unaffected around hourly 50-MA seen at 0.7734 levels. Weak stocks support EUR The pair clocked a high of 0...
Currency
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Roberto Jacobs, 8 March 2016, 12:13
GBP/USD Finds Support Near 1.4220 The sterling remains on the defensive today, with GBP/USD dropping to session lows in the 1.4220 area. GBP/USD lower on steady Carney In spite of the current decline, the pair manages to keep the trade in the upper end of the recent range above he 1...
Currency
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Roberto Jacobs, 8 March 2016, 12:08
Growth looks a little better, inflation remains very weak The Swiss economy is trundling along. GDP growth was better than expected in 4Q (0.4% qoq), with relatively decent domestic demand developments...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 12:07 #forex
The euro has performed very well since the turn of the year, benefiting greatly from a risk averse market that has sparked an unwinding of the carry trade that we often see in a “risk on” environment. The single currency has performed very well against the US dollar, rallying as high as 1...
Analytics & Forecasts
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Tomas Rodriguez Doherty, 8 March 2016, 12:02
The ECB will be in focus when it meets on Thursday, notes Morgan Stanley...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 11:56 #EUR/USD
Calculated level for today: Support (S1 / S2 / S3 = 1,4169 / 34 / 1.4077) and resistance (R1 / R2 / R3 = 1,4283 / 1,4318 / 75). Key support levels (1st from 1.4178 to 1.4209 late in the day, the 2nd of 1.4140 to 1.4194...
Analytics & Forecasts
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oleksandr bilokon, 8 March 2016, 11:48
The strongest quant signal this week is long EUR/USD targeting 1.1108, data from BNP Paribas STEER showed on Monday. (Source: BNPP STEER™, eFXplus™) - First recorded on 'eFXplus Quant' on Mon 3/7 at 09:53 AM ET PS: Copy signals, Trade and Earn on Forex4you - https://www.share4you.com/en...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 11:42
Calculated levels today: Support (S1 / S2 / S3 = 1.1025 / 45/78), resistance (R1 / R2 / R3 = 1,0959 / 39/06). Key support levels (1st from 1.0972 to 1.0984 late in the day, the 2nd of 1.0941 to 1.0972...
Analytics & Forecasts
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oleksandr bilokon, 8 March 2016, 11:37
The Canadian and Australian dollars soared versus the U.S. dollar in recent sessions, underpinned by a sharp recovery in select commodities, namely oil and iron ore. The loonie earlier Monday posted high levels last seen in mid November, while Aussie posted highs last seen in July 2015...
Analytics & Forecasts
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Vasilii Apostolidi, 8 March 2016, 11:35 #forex