Elliott Wave Analysis of EUR/NZD for March 3, 2016 Wave summary: This cross again did, what it has done many times lately. It stages the first minor signal that the correction in wave [ii] was over and then took a new dive to new lows, this is pretty confusing...
Elliott Wave Analysis of EUR/JPY for March 3, 2016 Wave summary: The rally from 122.08 seems to have topped at 124.36. The failure to take out the 125.01 high does indicate that a running triangle is developing, but not an expanded flat...
Technical Analysis of EUR/USD for March 03, 2016 When the European market opens, some economic news will be released such as French 10-y Bond Auction, Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI...
Technical Analysis of USD/JPY for March 03, 2016 In Asia, Japan will not release any economic data...
Japanese #yen is losing ground against its major rivals amid growing risk appetite. The main factors of sentiment improvement in financial markets are strong statistics from the USA, rising #oil prices and the recovery in #stock markets. Find out more by checking out the Source Link...
Risk rally continues, the real gainers here are commodities and commodity currencies. AUD, NZD and CAD are best gainers. They are followed by Emerging Markets currencies ZAR, TRY, MXN and alike. Asian currency rally has slowed down a bit along with the equity rally...
EURUSD Daily Forecast: March 03 2016 03 Maret 2016 2:44 AM EURUSD Forecast The EURUSD had another indecisive movement yesterday, formed another Doji on daily chart but hit another fresh low at 1.0825. The bias remains neutral in nearest term...
GBPUSD Daily Forecast: March 03 2016 03 Maret 2016 2:41 AM GBPUSD Forecast The GBPUSD had a bullish momentum yesterday and now struggling around 1.4080 key resistance as you can see on my daily chart below. 1...
USDJPY Daily Forecast: March 03 2016 03 Maret 2016 2:36 AM USDJPY Forecast The USDJPY attempted to push higher yesterday topped at 114.55 but whipsawed to the downside and closed lower at 113.46. The bias is neutral in nearest term probably with a little bearish bias testing 113.15 support area...
USDCHF Daily Forecast: March 03 2016 03 Maret 2016 2:33 AM USDCHF Forecast The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 0.9880 – 0.9820 support area. On the upside, 1.0000 remains a key resistance...
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Bank of Tokyo-Mitsubishi (BTMU) expects the ECB to act on 10th March with a faster pace of QE for longer coupled with a deposit rate cut. "The divergence in economic performance with the US is becoming more apparent again...
EURUSD's decline in the past three weeks has come against a backdrop of a 10% rally in EUR Stoxx 50. This is in no small part due to exuberant hopes for new frontiers in ECB easing...
USDOLLAR: Key Levels to Know Heading into NFPs, March Open Talking Points Break of weekly opening range shifts focus lower Key near-term support 12123/31 Updated targets & invalidation levels...
The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, GBP/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: The move below our initial targets near 1.0850 encourages our bearish view...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, GBP/USD, AUD/USD, and NZD/USD...
AUD/USD broke below the massive 15-year upward channel (now at 0.75 in log) and has been evolving within a down sloping channel since 2012 (0.80-0.6750), notes SocGen. Bigger picture, SocGen thinks that the downtrend looks poised to extend towards 0...
The USD-decoupling trade is staging a return on the back of improving US data, the abatement of global risk aversion and the growing resilience of the US domestic demand-driven recovery to persistent global headwinds and future Fed rate hikes...
The British pound has made some hefty gains in the mid-week session despite poor data releases. The gains against the US dollar and euro are complemented by strong moves against the Canadian dollar and South African Rand. We are also seeing solid gains against the New Zealand dollar...
