R5 1.4786 29 Dec low R4 1.4727 31 Dec low R3 1.4663 4 Jan low R2 1.4645 * 8 Jan high R1 1.4600 figure...
12 January 2016, Time of Writing: 09:00 am Trader Daily Market Update --- Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 09:30 Manufacturing Production m/m GBP High -0.4% 0.1% Neutral 09:30 Industrial Production m/m GBP Med. 0.1% 0...
Decline in the #oil #market continues, and this year the "black gold" has already lost almost 20% of its #price. The largest #banks cut their forecasts for #2016. Thus, analysts of Standard Chartered believe that the price may fall to $10 per barrel. Find out more by checking out the Source Link...
Macroeconomic analyst Rob Kirby’s predictions of a downward spiraling economy are coming true. Kirby contends, “I think the last time we spoke, it was in early December...
USDCHF: Having turned higher on bullish offensive on Monday, further bullish offensive is envisaged. On the downside, support lies at the 0.9950 level. A turn below here will open the door for more weakness towards the 0.9900 level and then the 0.9850 level. Further down, support resides at the 0...
Currency investors should consider selling GBP/JPY this week, advises Credit Suisse in its weekly FX pick to clients...
The Canadian Dollar's main driver is the price of oil, which continues to make fresh lows. Is there an end in sight for the commodity's relentless sell-off...
As a new round of competitive devaluation looms, evidence is mounting that currency interventions are losing their potency. Mexico’s peso fell to a record on Friday as Cantor Fitzgerald LP criticized the nation’s efforts to strengthen the exchange rate as “mostly futile...
Currency investors should consider buying GBP/CAD this week, advises CitiFX in its weekly FX pick to clients. "ST positioning data suggests the market is short GBP...
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R5 1.1140 23 Oct high R4 1.1087 * Sep low, break R3 1.1060 * 15 Dec high R2 1.1045 200-day MA R1 1.0993 * 28 Dec high...
The last week the main drama in #USDJPY revolved around the key level of 118 yen per dollar. Note that at the opening of this week there was a #gap down, but it has been already closed with the price, leaving the question of future #price dynamics open...
A wave of sales led #GPBUSD to the more than five-year low. The threat of further reduction remains high. Meanwhile, trading goes withing borders of a clearly indicated downward price range. Find out more by checking out the Source Link...
USDJPY: With USDJPY turning higher on loss of bearish momentum on Monday, it looks to follow through higher in the days ahead. On the downside, support comes in at the 117.00 level where a break if seen will aim at the 116.50 level. A cut through here will turn focus to the 116...
THE US DOLLAR LOOKS TO NEXT WEEK RETAIL SALES NUMBERS FOR GUIDANCE The first week of the year brought plenty of volatility as the Chinese market circuit breakers halted trading in local stock markets a couple of times as investors were selling off equities, causing a global rout that forced the g...
11 January 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 15:00 Labor Market Conditions Index m/m CAD Med. 0.5 - Positive 15:30 BOC Business Outlook Survey CAD Med. - - Negative 23:50 Current Account JPY Med. 1...
The long term downtrend for NZDUSD is at risk of entering another leg lower. A bearish rising wedge price pattern is developing on the weekly chart. This is a corrective pattern represented by two positively sloped and converging lines that consolidated a downtrend...
