The latest bounce in the iron ore price, which recently bounced close to its June 2015 highs, seems to best capture the improvement in the fundamental backdrop for AUD of late...
Estimated level: Support (S1 / S2 / S3 = 0,9889 / 63/21), resistance (R1 / R2 / R3 = 0,9973 / 99 / 1.0041). Key resistance levels (1st from 0.9932 to 0.9944 late in the day, the 2nd of 0.9932 to 0.9969...
The USD continues to struggle versus the funding currencies, with EURUSD holding above 1.10 and USDJPY hovering around 113, notes BNP Paribas...
U.S lender Citibank forecast the European Central Bank (ECB) could surprise investors with a more aggressive banquet of easing than markets are currenctly pricing in...
The Bank of England has announced that it will offer extra cash facilities to the UK’s banks around the time of the EU referendum. The move is clearly a demonstration by the bank that it is being proactive in its approach to the event. The bottom line? This is aimed at stopping a run on the bank...
GOLD: With GOLD continuing to hold on to its broader upside pressure, further strength is expected. It now looks to recapture the 1279.00 resistance zone. But note that if that level remains unbroken, a move lower could follow. On the downside, support comes in at the 1260...
Technical Analysis of USD/CHF for March 08, 2016 USD/CHF is expected to trade in line with a bearish outlook. The pair has struck against its major resistance at 1.0010, and is now turning downwards following yesterday's rallies...
Technical Analysis of NZD/USD for March 08, 2016 NZD/USD is expected to trade with a bullish bias above 0.6730. Trading at 0.6769, the pair remains in consolidation, but still holds above its key support at 0.6730, which is expected to limit any room downside...
Technical Analysis of GBP/JPY for March 08, 2016 GBP/JPY is expected to trade with a bullish bias above 160.30. The pair stands firmly above its nearest support at 160.30, and is likely to post a new rebound after the recent consolidation...
Growth looks a little better, inflation remains very weak The Swiss economy is trundling along. GDP growth was better than expected in 4Q (0.4% qoq), with relatively decent domestic demand developments...
The euro has performed very well since the turn of the year, benefiting greatly from a risk averse market that has sparked an unwinding of the carry trade that we often see in a “risk on” environment. The single currency has performed very well against the US dollar, rallying as high as 1...
Calculated level for today: Support (S1 / S2 / S3 = 1,4169 / 34 / 1.4077) and resistance (R1 / R2 / R3 = 1,4283 / 1,4318 / 75). Key support levels (1st from 1.4178 to 1.4209 late in the day, the 2nd of 1.4140 to 1.4194...
The strongest quant signal this week is long EUR/USD targeting 1.1108, data from BNP Paribas STEER showed on Monday. (Source: BNPP STEER™, eFXplus™) - First recorded on 'eFXplus Quant' on Mon 3/7 at 09:53 AM ET PS: Copy signals, Trade and Earn on Forex4you - https://www.share4you.com/en...
Calculated levels today: Support (S1 / S2 / S3 = 1.1025 / 45/78), resistance (R1 / R2 / R3 = 1,0959 / 39/06). Key support levels (1st from 1.0972 to 1.0984 late in the day, the 2nd of 1.0941 to 1.0972...
The Canadian and Australian dollars soared versus the U.S. dollar in recent sessions, underpinned by a sharp recovery in select commodities, namely oil and iron ore. The loonie earlier Monday posted high levels last seen in mid November, while Aussie posted highs last seen in July 2015...
EUR/USD: Neutral: Bullish only if daily closing above 1.1005/10. The daily closing of 1.1012 was just a few pips above the critical 1.1005/10 mentioned in recent updates...
The result of the upward retracement in #EURUSD observed in the last few days, was the achievement of the 38.2% Fibo level from the last wave of decline. The bulls could not overcome this level even from the second attempt, which may give the sellers the chance to resume the reduction...
