According to leading indicators released Monday by the Organization for Economic Cooperation and Development, economic growth is set for revival in Germany and the eurozone. The main exceptions are the U.K. and Russia, which are set for slowdowns. India's growth is likely to accelerate...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, GBP/USD, and AUD/USD. EUR/USD: has been pressing back lower since Friday's US payrolls but had a very quiet start to the week...
Westpac Bank is Australia's First Bank with a range of innovative financial packages to suit your needs. This leading Australian bank offers online banking. Forecasts for EUR / USD, USD / JPY, AUD / USD, NZD / USD, AUD / NZD — Westpac. PS: indicators that you can use in your trading system...
D1 price is on primary bearish with secondary flat which was started in the beginning of the previous week: The price is below Ichimoku cloud/kumo Senkou Span A line and Chinkou Span line are located too far from the price for any possible reversal/breakout from the primary bearish to primary bul...
Greek Finance Minister Yanis Varoufakis said that Greece's exit of the euro zone would provide an incentive for other countries to follow, eventually leading to a collapse of the currency bloc...
The Investec Team explains that Sterling might see a rebound post BOE’s QIR as the market brings forward the expected normalisation path by the MPC, with inflation likely to be seen rising towards 2% target over the medium-term...
Talking Points: GBP/USD Technical Strategy: Flat Support: 1.5180, 1.4980, 1.4750 Resistance: 1.5322, 1.5551, 1.5737 The British Pound pulled back from resistance at the top of a falling channel guiding the down trend against the US Dollar since mid-September. A daily close below the 14...
Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1318, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro is stalling after rising against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. Near-term support is at 1.1318, the 14...
Valeria Bednarik, Chief Analyst at FXStreet, notes that GBP/USD might move towards 1.5320/40 levels on a break above 1.5270 levels. Key Quotes “The pair found support in the 38.2% retracement of its latest bullish run measured from 1.4987 to 1.5351 around 1...
FXStreet Editor and Analyst, Omkar Godbole, views that the EUR/USD pair is unlikely to sustain gains above 1.1345, with the pair likely to test 1.1303 levels. Key Quotes “The EUR/USD pair is struggling to rise above 1.1340 levels, after having ended lower on Friday at 1.1319 levels...
According to FXStreet Editor and Analyst, Omkar Godbole, the GBP/USD pair is likely to test 1.5221 levels, with technicals supporting the bearish view. Key Quotes “The GBP/USD pair ended lower on Friday at 1.5236 after having failed to extend gains above the 10-week SMA...
EUR/USD keeps the trade in the vicinity of 1.1320/30, recovering ground after a negative start in sub-1.1300 levels. According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair “spent much of last week consolidating just below the initial retracement level at 1.1520 (23...
EUR opened today with a small downside gap but the 1.1290 support stopped the downside move and the price bounced back to 1.1340 resistance. Next resistance comes at 1.1360-1.1380 area and above that the upside will accelerate. Target will be set at 1.1530, but before that 1.1410 and 1...
The Nomura Team shares the positives and negative points of Friday’s US jobs report. Key Quotes Positives “Nonfarm payrolls rose by 257k (Consensus: 228k, Nomura: 230k). The pace of job creation in December and November was revised up by 70k and 77k, respectively...
The start of a new week didn't create much disturbances in currency values, with the main theme still being the strong USD after a stellar NFP last Friday, while the Aussie was lower across the board on China's downbeat trade imports. AUD/USD traded in a tight range between 0.7748 and 0...
The Atlanta Fed President Dennis Lockhart, who will be amongst the few officials that will vote whether to start raising rates, supported a move as early as June...
NZD/USD advanced in the Asian trading, wiping out losses from the previous session, despite downbeat Chinese trade data released over the weekend. Trades above 5-DMA Currently, the NZD/USD traded 0.12% higher on the day at 0.7371, retracing from previously posted day’s high at 0.7378 levels...
According to FX Strategists at RBS, this week's Bank of England Quarterly Inflation Report is expected to provide a dovish broad policy signal...
Moving Average Convergence/Divergence (MACD) Crossovers The most common way to use the MACD is to buy/sell a currency pair when it crosses the signal line or zero. A sell signal occurs when the MACD falls below the signal line, while a buy signal occurs when the MACD rallies above the signal line...
