EUR/USD: Turn to Bearish: Outlook turned bearish for a modest target of 1.0810. The neutral phase that has been in place for about 2 weeks ended last Friday. As highlighted in recent updates, a daily closing below the key 1.0990 would indicate the start of a sustained down-move in EUR...
Research Team at Deutsche Bank, suggests that the US economic output was revised up last quarter mainly because of higher-than-previously-reported stockpiling. Key Quotes “Net exports were also revised up modestly. The effect was to push the second snapshot of Q4 2015 real GDP growth up to 1...
Jack Di Lizia, Strategist at Deutsche Bank, suggests that an increased focus on Brexit risk has dominated front-end and currency moves, but further out the curve the underperformance of UK cash is likely also a result of duration indigestion now that February’s supply has come to an end...
Research Team at TDS, expects that Canadian current account deficit to narrow to $15.6B from $16.2B. Key Quotes “The deficit has been trending lower since peaking in Q1 as the cheap Canadian dollar begins to flow through to the manufacturing sector and merchandise exports...
Research Team at Danske Bank, suggests that the Euro area flash HICP inflation will be in focus today and they expect it to decline back to deflation territory due mainly to the lower oil price...
Gold prices are on the rise again, trading 0.70% higher on the day around $1230/Oz levels on account of the risk aversion in the Asian equities. Eyes European stock market action The metal remains at the mercy of the equity market sentiment in Europe...
EUR/USD has faded the stab to session highs near 1.0960 following the European open, although it manages to keep the trade above the 1.0900 ahead of EMU’s inflation figures...
Last Friday saw a strong correction in the recent Emerging Markets rally that fueled some risk aversion afterwards. As far as I can see the main concern in KRW and TRY has been aggressive rate cuts being priced in as rates did not react in a credit negative way...
Our general trade call for the week is to sell Cable and Kiwi on pullbacks (Kiwi may rally on oil gains however). The USD rallied during Friday’s NY session as Preliminary GDP and Personal Consumption Expenditures both smashed expectations. The headline for GDP beat estimates at 1...
What economic and political #events will be key this week? The week will bring so-called #SuperTuesday – primaries in many U.S. states. On Friday, the market will look forward to see #Non-Farm Payrolls and unemployment in the United States. Find out more by checking out the Source Link...
Result Forecast AUDCAD of 1.1.2016 +300 Pips Description Analyzer : http://myforexoffice.com/analysis-news/forecasts-technical-analysis...
Daily Forecast GBPNZD 29/2/2016 As we got strong rejection from this logical support level that’s way, now we may set a Buy trade on 2.1027 level for the nearest resistant. You may set your TP for 2.17225 according to this chart and SL will be 2.05164...
Daily Forecast GOLD 29/2/2016 On the h4 chart, having the gartley and ab=cd harmonic patterns formed a reversal is in sight. If thes ituation continues, we will have more drops coming in the market. Description Analyzer : http://myforexoffice.com/analysis-news/forecasts-technical-analysis...
EURUSD Daily Forecast: February 29 2016 29 Februari 2016 3:00 AM EURUSD Forecast The EURUSD had a bearish momentum last week broke below the trend line support as you can see on my daily chart below. This can be seen as a bearish continuation scenario after formed shooting star formation...
GBPUSD Daily Forecast: February 29 2016 29 Februari 2016 2:57 AM GBPUSD Forecast The GBPUSD had a significant bearish momentum last week, broke below 1.4080 key support and hit 1.3841 earlier today. The bias is bearish in nearest term testing 1.3800 – 1.3750 region...
THE OUTCOME OF THE G20, CENTRAL BANKS BACK IN ACTION AND US EMPLOYMENT WILL KICK OFF MARCH February was supposed to be a quiet month...
Pivot Points Hourly Last Updated: Feb 29, 7:05 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09106 1.09174 1.09201 1.09242 1.09269 1.0931 1.09378 USD/JPY 113.069 113.213 113.266 113.357 113.41 113.501 113.645 GBP/USD 1.38294 1.38404 1.38455 1.38514 1.38565 1.38624 1.38734 USD/CHF 0.99648 0...
Australia Company Profits Fall 2.8% In Q4 29 Februari 2016 8:31 AM Company operating profits in Australia were down a seasonally adjusted 2.8 percent on month in the fourth quarter of 2015, the Australian Bureau of Statistics said on Monday. That missed forecasts for a decline of 1...
USDJPY Daily Forecast: February 29 2016 29 Februari 2016 2:50 AM USDJPY Forecast The USDJPY attempted to push lower last week bottomed at 111.04 but whipsawed to the upside and closed higher at 113.97...
