The US data calendar has been quiet following the January employment report but picks up again Thursday with the release of January retail sales, notes BNP Paribas. "Headline sales will likely fall for the second month in a row, but largely because of the effects of falling gasoline prices...
Another contraction in U.S. Retail Sales may drag on the greenback and generate a near-term rebound in EUR/USD as it dampens the Fed’s scope to raise the benchmark interest rate in mid-2015...
Sean Callow of Westpac, shares that the disappointing Australian jobs data has had the markets pricing in a 25bp cut by the RBA at the March meeting, with probability of easing now standing at 75% from previous 50...
The TD Securities Team shares the market performance in the Asian trade, noting that AUD/USD was the biggest mover in the FX space post the disappointing jobs data release, while euro was seen pressurised by the inconclusive Greece discussions...
EUR/USD remained subdued in a choppy Asian session, having dipped to session lows just ahead of 1.13 threshold after Euro group’s Dijsselbloem stated that no deal was reached at the Greece- EU meeting overnight. Recovers from 1.1304 levels The EUR/USD now steadies at 1.1314, down -0...
Bollinger bands are very similar to moving averages. The bands are plotted at two standard deviations above or below the moving average. This is typically based off of the simple moving average, but an exponential moving average can be used to increase the sensitivity of the indicator...
The Australian Dollar was the main laggard in Asian hours, in response to a dismal Australian jobs report, with the Euro also the protagonist, seesawing to both sides of the chart on inconclusive Greek-EU debt talks, only to finish almost unchanged for the session...
2015-02-12 00:30 GMT (or 02:30 MQ MT5 time) | [AUD - Employment Change] past data is 42.3K forecast data is 5.0K actual data is -12.2K according to the latest press release if actual > forecast (or previous data) = good for currency (for AUD in our case...
AUD/USD: Short Little changes in the strategy compared to yesterday. One short position with a traling stop is still open for the last two weeks. See for more information my weekly reviews on my strategy pubished in the last 2 weeks...
The following are a selection of some of key points in UBS' preview for the BoE Quarterly Inflation Report on Thursday. 1- Certainly not all bad news on growth. Revised forecasts from the Bank of England in the February Inflation Report should show a still relatively upbeat growth outlook...
Despite recent oscillation, the bearish AUD trend remains in place, says Credit Suisse...
The USD/JPY was supported firmly at ¥115-117.5 by buying on weakness by Japanese investors and importers even under January's risk-off atmosphere, notes Deutsche Bank. "There is solid real purchasing demand for the USD/JPY. The global economy remains on a slow but steady uptrend...
Overnight risk sentiment was stable with US stock futures trading broadly flat at the time of writing. This is mainly due to rising expectations of EU Finance Ministers agreeing on a temporary solution for Greece. However, it appears too early to expect a major agreement as soon as today...
Eddie Tofpik of ADM Investor Services, shares the technical levels for EUR/USD, further viewing that might make further attempts lower. Key Quotes “Last month when I wrote my Longer Term View using as a minimum Weekly Charts I drew metaphorical line at saying anything lower that than the 1...
FXStreet (Barcelona) - The Research Team at Goldman Sachs explain that BoE has more room than other G10 central banks to look through the temporary fall in headline inflation, and with inflation expectations remaining well anchored UK might see more rate hikes than what is currently priced into t...
The New Zealand Dollar is falling against its American counterpart and after falling 50 pips from 0.7410 in the last hour, the NZD/USD broke below the MA-200 hours of 0.7385 to trade at daily lows of 0.7355. Currently, NZD/USD is trading at 0.7371, down 0...
Valeria Bednarik, Chief Analyst at FXStreet, shares the technical outlook for EUR/USD, and notes that with no relevant fundamental data today, the pair awaits the outcome of today’s eurogroup meeting...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, shares that the core risk for GBP remains tomorrow’s BOE’s QIR report, with the pair expected to move higher as the market remains prepared for a downgrade to inflation outlook...
As Greece has stepped onto a hard line with the European creditors, the country claims it has other friends, namely, Russia, China and the United States...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD. EUR/USD: The market should be very news-driven today with the focus on the emergency Eurogroup meeting on Greece. Stay flexible and trade according to the meeting outcome...
