Research Team at NAB economics, is forecasting Indian economy to register a 7.5% expansion in 2015, followed by 7.6% in 2016. Key Quotes • “India’s economy accelerated in the September quarter 2015, with Real GDP growing by 7.4% yoy, up from 7% in the June quarter...
The EUR/JPY wavers in a tight range after opening a tad higher at Tokyo on the back of higher demand for the yen following negative equities and above estimates Japan’s Q3 GDP figures. EUR/JPY: Bearish pressures intact Currently, the EUR/JPY pair drops -0.06% to 133.60, with 5-DMA at 133...
The EUR/USD’s recovery from near 1.08 handle gains further traction in mid-Asia, with the bulls jumping-off hourly 20-SMA support near 1.0830 region. EUR/USD bounces on increased safe-haven appeal Currently, the EUR/USD pair trades 0.20% higher at fresh session highs of 1...
EURGBP- Having reversed its intra day losses to close slightly higher on a rejection candle on Monday, bull pressure now builds up on resistance zone at 0.7250. On the upside, resistance lies at the 0.7240 level where a violation if seen will turn risk towards the 0.7280 level. Further out, the 0...
USD CAD, “US Dollar vs Canadian Dollar”At the H1 chart, the price is moving at the top as well. If the pair breaks the +2/8 level during the day, the lines at the chart will be redrawn...
USD CAD, “US Dollar vs Canadian Dollar”At the H1 chart, the price is moving at the top as well. If the pair breaks the +2/8 level during the day, the lines at the chart will be redrawn...
USD CAD, “US Dollar vs Canadian Dollar” Canadian Dollar is trying to stay above the 8/8 level inside “overbought zone”. Earlier, the price was supported by the 6/8 level and rebounded from it several times. In the nearest future, the market may continue moving towards the +2/8 level...
At the H1 chart, the price is getting closer to the 4/8 level. If the pair rebounds from this level, the ascending correction may continue. However, the door swings both ways: if the price breaks the 4/8 level and stays below it, the market may continue falling...
EUR USD, “Euro vs US Dollar” Eurodollar has faced resistance from the 2/8 level and started a descending correction. If later the price is supported by the 0/8 level and rebounds from it, the market may resume its ascending movement...
we can see at the H1 chart, the price is trying to rebound from the retracement of 38.2%. It’s highly likely that on Monday the pair may complete the local correction...
Europound has started an ascending correction as well. The closest is the local group of fibo-levels at 0.7295. Possibly, the market may resume its growth towards upside targets during the day...
At the H1 chart, the price is moving near the local retracement of 38.2%. If the price rebounds from this retracement upwards, it may resume its ascending movement towards upside targets...
In case of Eurodollar, the ascending correction continues; its closest target is at the group of fibo-levels close to the correctional retracement of 50%. If this level is broken, the market may continue its growth towards the retracement of 61.8...
GBP/USD found support at the 1.5040 zone and settled in a slim range just above where it has spent the last hours, unable to pick up momentum either side of the board in the absence of first-tier data...
The New Zealand dollar continues to edge lower versus the greenback as currencies linked to commodities underperform in a quiet session in between major economic events. NZD/USD has dropped more than 150 pips from Friday’s highs, when it reached a 1-month peak of 0...
GBP/USD has stabilized after a sell-off from the 1.51 handle to test the support base made up of the 200 SMA and 100 SMA on the 1hr time frame. The 38.2% fib at 1.5057 is also located in this cluster...
RBC Capital Markets explained that with the first UK rate hike not fully discounted until early-2017, the hurdle is low for this week’s MPC minutes and BoE speakers to be taken as GBP-positive...
The Nikkei rebounded on Monday, adding 0.99% or 195 points to end the day at 19,698.15, on improved market sentiment following an upbeat US jobs report on Friday, which kept the yen weak against most of its major rivals...
Many investors of Eurozone fixed their profit and it hepls to will drive down the EURUSD conversion. Analysts at Deutsche Bank have confirmed the warnings: the euro to dollar exchange rate will decline significantly over the longer-term...
AUD/USD lost its steady form on the previously robust 0.73 handle in the wake of demand for the greenback, starting in late Asia and following through as markets prepare themselves for a Fed hike this month...
