In view of Richard Franulovich, Strategist at Westpac, the pair points to further consolidation between 1.0800-1.1350 for the time being. “Not a lot to do in EUR/USD right here as it ambles in a rough 1.08-1.1350 range and long term moving averages turn almost perfectly horizontal...
Technical Analysis of USD/CHF for March 24, 2016 Overview: The USD/CHF pair was argumentative as it was trading in a narrow sideways channel, the market showed signs of instability. According to the previous events, the price is still moving between the levels of 0.9704 and 0.9821...
Daily Analysis of Major Pairs for March 24, 2016 EUR/USD: The EUR/USD pair has come down by 100 pips this week – a slow and gradual process. Further downward movement is expected and this might render the recent bullish outlook illogical. The bears would target the support lines at 1.1150 and 1...
GBP showing some signs of outperformance, gaining against the USD and EUR in recent trade, but now also showing potential against the commodity currencies. GBP/AUD has been recovering well from sub 1.8600’s levels yesterday morning, and now looks set to extend gains towards 1...
USD/CAD Could Rebound Towards 1.3500 – Westpac In opinion of Richard Franulovich, Strategist at Westpac, a test of the 1.3500 handle remains on the cards...
Pressure of bears in the #Gold market increased, which has led to a breakthrough of the nearest technically important support level. Now we can draw the current downtrend channel. It is recommended to hold an order to sale opened on a breakthrough of 1226.55...
#USDJPY continued to recover after the quotes had tested the whole area, consisting of a number of support levels. It is recommended to be out of the market and to consider sales if the pair achieves and then rebounds from the upper border of the horizontal trading channel...
Pound sterling has been unable to reap advantage from news retail sales beat analyst expectations by a decent margin. In London trade we are seeing sterling remain under pressure, despite good economic data being released...
An update to their set of exchange rate forecasts see ABN Amro turning more positive on the commodity currency bloc. ABN Amro have updated their currency expectations for 2016 - 2017 and one of the stand-out changes pertains to their stance on the New Zealand and Australian dollars...
Markets could be too sanguine about the risks to the euro exchange rate complex posed by a Brexit and there is a risk therefore that sterling is being chased too far into the red. The pound has fallen notably versus the euro, from a starting point up at the 1...
After being Wall Street’s whipping boys, bank stocks may be in position to mount a comeback. At least, Barclays analysts think so. Among the S&P 500’s 10 sectors, banks have been the worst performer, down 6.5% year to date, according to FactSet data as of March 23.READ MORE...
Oil futures move firmly lower in Thursday’s trade, adding to losses after their biggest one-day rout in more than a month in the wake of disappointing supply data. READ MORE...
EUR/USD: Neutral: In a broad 1.1120/1.1375 range now. We just shifted to a neutral stance yesterday and there is no change to the view. The current movement is likely part of a broad consolidation phase and we expect this pair to trade within a broad 1.1120/1.1375 range from here...
Pound drops further on ‘Brexit’ fears Permalink Facebook Twitter Expand/Collapse...
GBP/USD may extend the decline from earlier this week amid concerns surrounding the UK Referendum, while retail sentiment pushes back to near-term extremes. Continue Reading...
USDCAD is responded a critical support confluence with our near-term focus higher against today’s low. Here are the updated targets & invalidation level...Continue Reading...
The SARB delivered another 25bp hike at its March MPC meeting last week, against our own expectation that a significant improvement in its inflation forecast would prompt a pause. • While we were correct in anticipating a large downward revision to its 2017 CPI forecast – now in line with our 6...
EUR/USD may face a near-term rebound should a dismal U.S. Durable Goods Report push the Fed to further delay its normalization cycle. Continue Reading...
ECB Bulletin Downplays Importance of Core Inflation Measure The European Central Bank (ECB) monthly bulletin releases today showed the bank feels Harmonized Index of Consumer Prices (HICP) ex-energy or core HICP is not an ‘ideal’ measure of underlying inflation...
