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Jens Pedersen, Senior Analyst at Dasnke Bank, expects the Kiwi dollar to appreciate towards the 0.70 mark by end of 2016. “The March rate cut from RBNZ reversed the course for NZD which has gained support from waning inflation expectations and improvement in global risk sentiment”...
More CNY Weakness Ahead – Danske Bank Allan von Mehren, Chief Analyst at Danske Bank, suggests that Chinese growth has shown signs of stabilisation and we look for moderate recovery during 2016 driven by the construction sector, which was experiencing a hard landing over the past year...
NZD/USD: Bottom in Commodity Prices to Cap Downside – Danske Bank Jens Nærvig Pedersen, Senior Analyst at Danske Bank, suggests that the net immigration continues to be supportive for real economic activity in New Zealand, which is progressing relatively steadily despite rising global economic wo...
Dutch Q4 Economic Growth Improves As Estimated Dutch economic growth improved as initially estimated in the three months ended December, led by exports and investment, final figures from the Central Bureau of Statistics showed Friday. Gross domestic product advanced 0...
France Q4 GDP Growth Unrevised French economy expanded in the three months ended in December, in line with the second estimate, final figures from the statistical office Insee showed Friday. Gross domestic product rose 0.3 percent in the fourth quarter, but slower than the 0...
USD/CHF Off Highs, Back to 0.9770 The greenback extends its upside momentum vs. the Swiss currency today, pushing USD/CHF further north of the 0.9700 handle. USD/CHF bounces off 0.9650 Spot has managed to revert the deep pullback post-FOMC to fresh 2016 lows in the mid-0...
NZD/USD Attempting Gains Above 0.67 Bid tone around Kiwi remains intact amid holiday thinned trading in Europe, with NZD/USD looking to extend gains above 0.67 handle...
USD/CNY Expected to Edge Higher – Danske Bank Chief Analyst at Danske Bank Allan von Mehren sees the pair ticking slightly higher in the next months. Key Quotes “The PBoC managed to calm the markets faster than expected and the depreciation pressure on CNY versus the USD has eased”...
GBP/USD Keeps Lows Near 1.4130 The sterling remains on the defensive at the end of the week, relegating GBP/USD to trade in the area of daily lows around 1.4130. GBP/USD weaker pre-US GDP Spot has retraced most of the recent advance to levels just above the 1...
EUR/USD – Stuck in a 40-pip Range Ahead of US GDP EUR/USD has been confined largely to a 40-pip range of 1.1150-1.1190 since yesterday amid holiday thinned trade ahead of the final US Q4 GDP release...
The downward retracement in #EURUSD continued, resulting in achievement of a support level in a form of 38.2% Fibonacci retracement level. This level can be used by bulls to increase positions to buy as a fundamental picture still favors them. Find out more by checking out the Source Link...
Summary : Target Level : 0.6745 Target Period : 11 hours Analysis : Falling Wedge has broken through the resistance line at 24-Mar-13:00 2016 GMT. Possible bullish price movement forecast for the next 11 hours towards 0.674...
The situation in #USDJPY is understandable and predictable. Even published on the eve weak data on durable goods orders in the United States were unable to stop the recovery of the pair. Previously, support for the dollar was provided mostly with technical factors...
We expect the BEA’s third estimate of Q4 GDP to leave top-line growth unchanged at 1.0%, though we anticipate compositional shifts in its prior estimate of real output. We look for real consumption growth to be marked up by one-tenth, to 2...
More unstable risk sentiment on the back of this week’s terrorist attacks in Brussels failed to trigger any sustainable franc upside. It still appears that the SNB’s stance with respect to direct currency intervention is keeping the currency’s safe haven appeal low...
USD/JPY has dropped by JPY 7-8 from JPY120 to JPY112-113 so far in 1Q as seasonal factors exports and cash repatriation have supported the JPY appreciation, shifting the direction of USD/JPY from the JPY depreciation, notes BTMU...
TrendColorBars Indicator for MT4 TrendColorBars is the indicator for MT4 which will change the color of bars when the trend changes direction. In the default setting, if the trend is bullish, the candlesticks bars will be blue, whereas if the bearish trend, the bars will be red candlesticks...
AUD/USD Testing Highs Near 0.7530 The Aussie dollar is now picking up pace vs. the greenback, sending AUD/USD to the area of daily tops near 0.7530. AUD/USD supported near 0.7500 The pair is looking to stabilize in the low-0.7500s after finding quite strong resistance in the proximity of 0...
USD/JPY Trims Gains, Drops to 113.00 USD/JPY is trimming gains amid thin volumes in Europe, but trades positive on the day around 113.00 ahead of the final US Q4 data release. Will winning streak continue...
