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f this area keeps gains in check, price could head back to the previous lows at 111.00 or perhaps much lower. A higher pullback to the 61.8% Fib at 115.50 could still be possible but this might be the line in the sand when it comes to a correction...
Charts
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Lahcene Ouled Moussa, 16 February 2016, 10:50
(Bloomberg) -- USD/JPY’s upside could be curbed around 115 level by yen repatriation flows in run-up to March-end of Japan’s fiscal year, says Shinji Kureda, Tokyo-based head of FX trading at Sumitomo Mitsui Banking Corp., in an interview...
Analytics & Forecasts
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Batur Asmazoglu, 16 February 2016, 10:15
While the ECB failed to meet market expectations by expanding the current QE program at the December 3 meeting, the prospects for another round of easing were announced at the January 21 meeting...
Analytics & Forecasts
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Sherif Hasan, 16 February 2016, 09:56 #ECB
EUR/USD: Change to Neutral: Short-term top in place, corrective pull-back could extend lower to 1.1060. While we pointed out yesterday that a short-term appears imminent, the ease of which the major 1.1180 support was taken out was unexpected...
Analytics & Forecasts
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Vasilii Apostolidi, 16 February 2016, 09:47 #usd/jpy, GBP/USD, EUR/USD
2016 has a been a jittery, volatile year so far for markets. The trouble began with circuit-breaker halts in Chinese stock markets and continued with a bank rout in Europe...
Analytics & Forecasts
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Francis Dogbe, 16 February 2016, 09:36
#OPEC representatives will hold a closed meeting with Russia and Iran. #Traders speculate about a possible agreement on #oil production cut, but analysts say, that such a scenario is unlikely, as these countries don't want to loose market shares. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 16 February 2016, 08:47 #Trading, forex
Research Team at Goldman Sachs, suggests that there is growing conviction in the market that the rapid pace of capital outflows makes a large, one-off devaluation of the RMB all but inevitable...
Analytics & Forecasts
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Batur Asmazoglu, 16 February 2016, 08:44
ECB President Draghi, during his speech at the European Parliament's Economic and Monetary Affairs Committee, reiterated that the central bank will "review and possibly reconsider" its monetary policy stance during the March meeting...
Analytics & Forecasts
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Batur Asmazoglu, 16 February 2016, 08:31
The Bank of Korea kept the policy rate unchanged at 1.5% in February, on par with expectations of economists polled by Bloomberg. The central bank expanded its special loans facility to KRW29tn in order to stop the drop in producer confidence...
Analytics & Forecasts
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Batur Asmazoglu, 16 February 2016, 08:28
Pre European Open, Daily Technical Analysis February 16, 2016 GBP/USD Intraday: under pressure. Pivot: 1.4485 Most Likely Scenario: short positions below 1.4485 with targets @ 1.4380 & 1.4350 in extension. Alternative scenario: above 1.4485 look for further upside with 1.4535 & 1...
My Trading
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Mohammad Soubra, 16 February 2016, 08:27
All the Asian markets are trading on higher note on Tuesday as Japan recovers previous losses. Japan's benchmark Nikkei 225 index rose 0.90% to 16,166.73 points on Tuesday morning in Tokyo while the broader Topix index was up 0.81% at 1,302.76 points. South Korea's Kospi index was trading 1...
Analytics & Forecasts
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Batur Asmazoglu, 16 February 2016, 08:26
Forecast NZDCAD 16.2.2016 In the daily chart, the price is up trend. A drop is expected if the trend line is breached around 0.9000 . http://myforexoffice.com/analysis-news/forecasts-technical-analysis...
Analytics & Forecasts
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Fered Jason, 16 February 2016, 07:02
Morning in Tokyo, time to wheel out the taking heads...
Events
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Sherif Hasan, 16 February 2016, 05:56
old futures dropped sharply on Monday on signs of growing appetite for riskier assets as Japanese stocks surged 7% and investors cashed in on recent strong gains for the metal. April gold GCJ6, -2.49% fell $28.20, or 2.3%, to $1,211.10 an ounce. On Friday, gold finished down $8.40, or 0...
Metals
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Francis Dogbe, 16 February 2016, 04:51 #gold
USDCHF Daily Forecast: February 16 16 Februari 2016 2:06 AM USDCHF Forecast The USDCHF had a bullish momentum yesterday topped at 0.9889. The bias remains bullish in nearest term testing 0.9985 which is a good place to sell. Immediate support is seen around 0.9850...
Analytics & Forecasts
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Roberto Jacobs, 16 February 2016, 04:51 #usdchf
USDJPY Daily Forecast: February 16 16 Februari 2016 2:09 AM USDJPY Forecast The USDJPY had a bullish momentum yesterday topped at 114.73. The bias remains bullish in nearest term testing 115.20 – 116.00 which is a good place to sell. Immediate support is seen around 114.10...
Analytics & Forecasts
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Roberto Jacobs, 16 February 2016, 04:50
GBPUSD Daily Forecast: February 16 16 Februari 2016 2:12 AM GBPUSD Forecast The GBPUSD had a bearish momentum yesterday bottomed at 1.4413. The bias is bearish in nearest term testing 1.4350 which is a good place to buy with a tight stop loss targeting 1.4700...
Analytics & Forecasts
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Roberto Jacobs, 16 February 2016, 04:45
An Australian mining company has just announced the discovery of an enormous 400-carat diamond, and its shares are going wild. The find – the biggest diamond ever unearthed in Angola – was announced by the Perth-based Lucapa Diamond Company...
Other
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Francis Dogbe, 16 February 2016, 04:45 #stocks
EURUSD Daily Forecast: February 16 16 Februari 2016 2:18 AM EURUSD Forecast The EURUSD continued its bearish momentum yesterday bottomed at 1.1128 but traded a little bit higher hit 1.1179 earlier today after touched the daily EMA 200 as you can see on my daily chart below...
Analytics & Forecasts
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Roberto Jacobs, 16 February 2016, 04:43
USDJPY: The pair continued further higher on the back of its Friday strength on Monday. USDJPY faces recovery threats towards key resistance. On the downside, support comes in at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111...
Analytics & Forecasts
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FXTechstrategy Team, 16 February 2016, 04:06