Flows. Speculators have continued to unwind long USD bets and are less short EUR now; this increases the sensitivity of the cross to any impetus from relative rates. Valuation. Both our PPP and MEVA model suggest the mid 1...
Optimism is growing ahead of the important meeting in Doha on Sunday 17 April between the majority of the OPEC members and some non-OPEC producers. The producers are going to discuss a proposal by Russia, Saudi Arabia, Qatar and Venezuela to freeze output at the January level...
fter falling out of the limelight the past few trading sessions, the focus will turn again on the euro as the European Central Bank meets on Thursday and important sentiment surveys are due on Tuesday and Friday...
Analytical Review of the stocks of Honeywell International Inc. Honeywell International Inc., #HON [NYSE] Industrial goods, Diversified production, USA Financial performance of the company: Index – S&P 500; Beta – 1.14...
Brent: At the Level of 43.80 The spot-price of crude oil Brent has been at the level of 43.80 USD per barrel for the third consecutive day. This level is crossed by the moving average with the period 200 on the daily chart...
USD/СAD: Wave Analysis and Forecast for 15.04 – 22.04 USD/СAD: Downtrend continues. Estimated pivot point is at the level of 1.29. Our opinion: Sell the pair from correction below the level of 1.29 with the target of 1.27 – 1.26...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: The break below 1.1310, the 21-dma, encourages our bearish view towards initial targets near 1.1210 and then the 1...
Draghi in a statement to IMFC: • Outlook for Eurozone is faced with uncertainty • We don't not currently see excesses in behaviour of banks • Eurozone economy on path for gradual recovery • Risks to growth on the downside The forecast is important because it means the ECB won't react when inflati...
Rebound in AUD/USD is probing upper part of a short term channel limit at 0.7720/0.7770. Daily RSI is diverging negatively showing possibility of a short term reaction. Retest of recent lows at 0.7490 can’t be ruled out. Graphical levels at 0.7390 will be an important short term support...
JPY non-commercial sector long positions at the CFTC are still at recent highs, and some investors may pull back ahead of BoJ April meeting, notes BTMU. "Fundamental and underlying flows still point to a USD/JPY drop...
The latest rally in risk has been attributed to abating fears about hard landing in China (where the Q1 GDP numbers came in line with expectations overnight) and the continuing recovery in the global commodity prices...
A poll conducted by RMB Global Markets Research has seen voters confirm a credit downgrade looms for South Africa. 84% of the respondents to a RMB Markets Research survey expect South Africa to lose investment grade credit status in the next year...
USD/CAD Upside Stalled Ahead of 1.2900 The Canadian dollar is now recovering some pips after USD/CAD briefly tested session highs in the proximity of 1.2900 the figure...
Technical Analysis of NZD/CHF for April 15, 2016 NZD/CHF continues moving sideways without any signs of a long- or mid-term direction. This tendency is likely to continue and the price might once again move down after the price rejected the R1 (0.6700) resistance area...
USD/JPY Back Below 109.00 after US Data USD/JPY briefly rose back above the 109 mark but resumed the slide following the release of the latest string of US data. US industrial production decreased a seasonally adjusted 0.6% in March (-0...
The pound sterling has been a reliable ‘sell’ over recent months, but we are now at stage where there is little historical context to guide traders. There is no doubting sterling remains under pressure against the US dollar and a fall from current levels (1.40-1...
EUR/USD Keeps Gains after US Data The European currency extends its positive momentum vs. the US dollar today, now taking EUR/USD to the 1.1280/85 band. EUR/USD bid after US data disappoints Spot has gathered further traction after today’s US releases have missed expectations...
GBP/USD Regains Poise After Horrible US Data A sharper-than-expected contraction in the US industrial production is boding well for GBP/USD, which is back above hourly 200-MA level of 1.4162 following the data release. Supported by 38.2% Fibo The pair slumped to near 1.4154 (38.2% of 1.4669-1...
BTC/USD Breaks Major Resistance $428, Targets $448/$465 Major Resistance - $428 BTC/USD has broken major resistance $428 and jumped till $428.53 at the time of writing. It is currently trading around $428.53. Minor trend is bullish as long as support $415 (55 day 4H EMA) holds...
