Dear Traders, There was no trend in the EUR/USD Tuesday as investors stayed on the sideline before the highly anticipated FOMC announcement. By contrast, the trend was clear in the British pound which fell towards 1.4120, which are more than 300 pips lower compared to its high late last week...
Recovery of #oil somewhat stalled, and it has traditionally influenced the dynamics of #USDCAD. #Quotes still remain within the short-term descending channel, but market participants will determine with further actions after the results of today's #FOMC meeting...
Heading into the FOMC’s March rate-decision, market participants are looking past this meeting as FFR futures are only pricing in around a 4% chance of a rate-hike with only 4 out of 97 analysts forecasting a rate-hike in March in the latest BBG poll...
Calculated level for today: Support (S1 / S2 / S3 = 1,4135 / 1,4095 / 32), resistance (R1 / R2 / R3 = 1,4261 / 1,4301 / 64). Key support levels (1st from 1.4316 to 1.4194 late in the day, the 2nd of 1.4344 to 1.4272...
Our 2016 FX outlook published in November called for this year to be the year of 'USD and JPY strength'...
Calculated levels today: Support (S1 / S2 / S3 = 1.1080 / 67/47), resistance (R1 / R2 / R3 = 1.1120 / 33/53). Key level (1st from 1.1116 to 1.1100 late in the day, the 2nd of 1.1147 to 1.1125...
Calculated levels today: Support (S1 / S2 / S3 = 0,9852 / 41/23), resistance (R1 / R2 / R3 = 0,9888 / 99 / .9917). Key support levels (1st from 0.9853 to 0.9868 late in the day, the 2nd of 0.9845 to 0.9848...
Розрахункові денні рівні: підтримки (S1/S2/S3=112,74/38/111.80), опору (R1/R2/R3=113,90/114,26/84). Ключові рівні опору (1-й від 113,30 до 113,14 в кінці дня, 2-й від 113,73 до 113,38...
Several factors suggest CAD risks are still skewed to the downside. First, the sharp reversal in CAD/USD makes the currency prone to some payback, in our view, and markets are still short on net...
Technical analysis of USD/CAD for March 16, 2016 General overview for 16/03/2016: The projected target for the wave B at the 1.3383 level has been hit as expected. Nevertheless, the market might extend the corrective cycle even higher towards the level of 1.3446...
The Fed is likely to tactically delay normalization at the March FOMC meeting, with three 2016 hikes in the updated dot plot. --The FOMC should continue evaluating global risks, whereas a more "balanced" assessment would lift front-end rates...
CPI: We expect the headline CPI to have fallen 0.2% m/m on account of sharply lower seasonally adjusted prices for retail gasoline. We look for core CPI to be up a modest 0.1% m/m, as we expect the January strength in core goods to reverse in this month’s release...
EUR/USD: Bullish: Upside likely limited to 1.1245. There is no much to add as EUR traded quietly yesterday. While the outlook is still bullish, upward momentum is clearly not very strong and as mentioned in recent updates, any upmove is likely limited to 1.1245...
Yesterday, global core bond markets consolidated further ahead of the Fed meeting, but German bonds underperformed US Treasuries. Initially core bonds gained marginally on weaker oil and equity prices. US Treasuries briefly rallied on weak US retail sales . However, the bid dried up soon...
Today, the U.S. Federal Reserve will complete its two-day meeting on the monetary policy. Prior to this important event, the #dollar #index is increasing. However, a much more important question is how the #currency will behave itself after meeting results...
Technical Analysis of EUR/USD for March 16, 2016 When the European market opens, some economic news will be released such as the German 10-y Bond Auction...
Technical Analysis of USD/JPY for March 16, 2016 In Asia, Japan will not release any economic data but the US will release some economic data such as the Federal Funds Rate, FOMC Statement, FOMC Economic Projections, Crude Oil Inventories, Industrial Production m/m, Capacity Utilization Rate, Hou...
Technical Analysis of EUR/JPY for March 16, 2016 Technical outlook and chart setups: The EUR/JPY has dropped lower towards 125.00 levels as expected and discussed earlier, before pulling back. The pair is seen to be trading at 125.90 levels but intraday rallies should remain well capped below 127...