The Danske Bank Research Team previews today’s US employment data release, and further predict a strong job growth and rebound in wages to lead Fed to begin its policy normalisation this year...
According to Valeria Bednarik, Chief Analyst at FXStreet, a strong US NFP print might trigger a decline in GBP/USD, but chances of a strong recovery are high if the pair sustains above 1.5250. Key Quotes “The GBP/USD pair holds to its latest gains, consolidating above the 1...
A 230K rise in U.S. Non-Farm Payrolls (NFP) accompanied by faster wage growth may heighten the appeal of the greenback and spur a short-term selloff in EUR/USD as it boosts expectations of seeing the Federal Open Market Committee (FOMC) normalize monetary policy in mid-2015...
The KBC Bank Research Teamviews that with consensus remaining optimistic for the NFP print, and the recent US data coming out mixed, a slight disappointment may be felt from today’s payrolls data. Key Quotes “The consensus expects employment growth at 230.000 (from 252.0000...
James Knightley, Senior Economist at ING, comments that with the BoE already warning of upside risks to medium-term inflation, we suspect there will be a relatively hawkish tone in next week’s BoE’s inflation report...
Finding a strong directional move is the first priority of any trend trader. However, when having to select a currency pair to trade, it can be difficult to identify the best trends. For the ADX 50 strategy we will be using the ADX (Average Directional Index) indicator for this process...
Talking Points: Dollar at Risk of Sharp Reversal Given the Wrong NFP Step Euro: How Much Worse Can Things Get? British Pound Unmoved by BoE Decision, But Next’ Report Will Hit Dollar at Risk of Sharp Reversal Given the Wrong NFP Step...
The TD Securities Team previews the data ahead for US, anticipating a 245k gain in headline payrolls...
For the 24 hours to 23:00 GMT, the USD declined 1.09% against the CAD to close at 1.2434. In economic news, the international merchandise trade deficit in Canada widened to CAD0.65 billion in December, compared to market expectations of a trade deficit of CAD1.10 billion...
Following the RBA Quarterly Statement on Monetary Policy, in which no forward guidance was offered, the Australian IB is now pricing a 19% chance of March cut against the 30%+ pre-release. The change of dynamics in price action following the major reversal off 0...
-“USDCAD has pushed through the 2007 high at 1.1875, 61.8% extension of the 2007-2009 rally from the 2011 low at 1.1882, and several upward sloping parallels. The next cluster of technical levels is between 1.25 and 1.2730.” -USDCAD nearly traded 1...
JPMorgan Chase - one of the oldest financial conglomerates on the planet. Financial institution, stationed in New York, is a leader in investment and commercial banking services. Major currencies. Forecasts - JP Morgan: PS: indicators that you can use in your trading system. Good Luck...
Valeria Bednarik, Chief Analyst at FXStreet, notes that the EUR/USD pair is consolidating below the 1.1440 fibonacci level, and a break below this immediate resistance might lead to further gains towards 1.1480...
Before getting started it is important to understand that economic releases are designed to try and give a picture of either: What has already happened in the economy based on past numbers (referred to as a lagging indicator) What is anticipated going forward based on past numbers...
Shaun Osborne, Chief FX Strategist at TD Securities, views that EUR/USD’s rebound after the sharp dip post ECB’s decision to curb Greek banks’ access to funding might cap around 1.1480/90...
According to FXStreet Editor and Analyst, Omkar Godbole, supportive UK data and BoE’s relatively hawkish stance is likely to pour strength into GBP/USD for a further rise towards 1.5329 levels. Key Quotes “GBP/USD could test the 50-DMA located at 1...
The Economic Bulletin released today by the European Central Bank highlighted the effects of the sharp decline in oil prices as well as the continuing low inflation environment in the Eurozone. The bulletin stated that the recent decline in oil prices is supporting the global economic recovery...
2015-02-05 00:30 GMT (or 02:30 MQ MT5 time) | [AUD - Retail Sales] past data is 0.1% forecast data is 0.4% actual data is 0.2% according to the latest press release if actual > forecast (or previous data) = good for currency (for AUD in our case...
The GBPUSD managed to continue building on its momentum from the unexpected “risk on” sentiment seen late Tuesday evening, with the pair advancing to 1.5250...
The eFXnews Team shares SEB’s intraday technical outlook for EUR/USD, expecting 1.1395 to cap the pair’s upside. Key Quotes “Yesterday’s price action indicates that the upward reaction fell short of its ideal target, the equality point between wave a and c, 1.1588...
