British Pound May Bounce as Focus Turns from Brexit to BOE Policy Talking Points: British Pound may rebound as spotlight turns from Brexit to BOE policy bets US Dollar to face limited downside risk on soft Consumer Confidence report Yen gains as Japanese stocks fall in Asian trade, boosting anti...
Forecast GBPJPY 23/2/2016On the h4 chart, the price is within the ab=cd harmonic pattern range. We are expecting to have a surge if the demand fuels up across the market...
By Maria Levitov (Bloomberg) -- Currencies of emerging markets, particularly those of commodity exporters, are poised to rebound further, according to UniCredit Bank AG. South Africa’s rand will extend gains of 8 percent against...
The risk rally has somewhat faded after China decided to let Yuan lose some value in the fixing, it seems that was totally unexpected after the recent comments. As a result Asian equity markets gave up some gains and FX lost momentum...
EURUSD Daily Forecast: February 23 23 Februari 2016 2:35 AM EURUSD Forecast The EURUSD had a bearish momentum yesterday, broke below 1.1070, bottomed at 1.1003. The bias is bearish in nearest term testing 1.0950 region located around the trend line as you can see on my H1 chart below...
GBPUSD Daily Forecast: February 23 23 Februari 2016 2:33 AM GBPUSD Forecast The GBPUSD had a bearish momentum yesterday, slipped below 1.4080 as you can see on my daily chart below bottomed at 1.4057 (note: February 2009 low is at 1.4052) but closed higher at 1.4148...
USDJPY Daily Forecast: February 23 23 Februari 2016 2:22 AM USDJPY Forecast The USDJPY attempted to push higher yesterday topped at 113.38 but whipsawed to the downside and hit 112.00 earlier today. The bias remains bearish in nearest term testing 111.65 area before retesting 110.96...
USDCHF Daily Forecast: February 23 23 Februari 2016 2:19 AM USDCHF Forecast The USDCHF had a bullish momentum yesterday topped at 1.0003. The bias is bullish in nearest term. I think price is still in my “sell zone” with a tight stop loss above 1.0030/50 targeting 0.9600 region...
USDJPY: With the pair remaining weak and following through lower on Tuesday trading session, further weakness is envisaged. On the downside, support comes in at the 111.50 level where a break if seen will aim at the 111.00 level. A cut through here will turn focus to the 110...
Sterling has come under heavy selling pressure as the debate on whether to remain in or leave the EU appears to be increasingly polarised, notes Australia and New Zealand (ANZ...
EUR/USD breakout of its short-term range between 1.1061 (Dec. 15 high = potential wave 1 top) and 1.1432 (minor 76.4 %) provides fresh directions, says JP Morgan. EUR/USD break below 1...
The following are the latest technical setups for EUR/USD, USD/JPY, EUR/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: The move below our downside targets near the 1...
EA can assist traders and here are the results to prove it. https://www.mql5.com/en/market/product/14073 Winsor Hoang is the developer of ”Robust Trader’s 20 EAs EURUSD”, and he is an automated trading researcher since 2003...
GBPUSD: The pair sold off strongly during Monday trading session leaving risk lower towards its key support at 1.4079. On the downside, support lies at the 1.4050 level where a break will turn attention to the 1.4000 level. Further down, support lies at the 1.3950 level...
Currency investors should consider selling EUR/JPY this week, advises Credit Suisse in its weekly FX pick to clients. Rationale: Our economists expect several pieces of weak European data this week...
Risk assets traded somewhat better last week and into the open this morning, and equity volatility is receding. Investors are starting to see the glass as half full. We continue to judge the economic outlook as healthier than what the rate and credit markets in particular currently discount (e.g...
This week the G10 FX Financial Scorecard recommends buying CHF, GBP and EUR while selling JPY, NOK and SEK (see suggested weights in portfolio in table below). Last week’s signals resulted in a 0.75% loss. In particular, the long GBP and short JPY positions were expensive...
The relentless selling in the GBP/USD appears to have come to a halt in the US session, allowing the pair to recover to 1.4120 levels ahead of UK PM Cameron’s speech on EU deal in UK parliament...
