We lay out scenarios for EUR/$ for different outcomes on Thursday. Above all, after a year of mixed messages, the ECB needs to signal that it is serious about pursuing its inflation mandate, including via a stepped up pace of monthly QE purchases...
The market pricing for ECB rates is similar or more aggressive than to pre-December ECB meeting (and similar to our economists’ call). But I got this feeling last week that people will remember and short covering the EUR, which indeed started happening...
Crdit Suisse's Economics team expects significant policy easing from the ECB next Thursday, with: 1- a rate cut – a 10bp cut in the deposit rate, to -0...
EUR/USD: Neutral: Bullish only if daily close above 1.1005/10. We are sticking to view wherein only a daily closing above 1.1005/10 would shift the current neutral EUR outlook to bullish (closing was 1.1000 last Friday...
EUR/USD was under pressure as the tension towards the ECB's meeting, the main event of the upcoming week but certainly took advantage of the greenback's weakness. Will Draghi drag the euro down or will it bounce like in December...
Pivot Points DAILY Last Updated: Mar 7, 7:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.0701 1.08413 1.09209 1.09816 1.10612 1.11219 1.12622 USD/JPY 111.435 112.571 113.168 113.707 114.304 114.843 115.979 GBP/USD 1.39084 1.40501 1.4136 1.41918 1.42777 1.43335 1.44752 USD/CHF 0.97115 0.9821 0...
Weekly Trading Forecast: China, ECB Decision and Dollar Stability to Test FX Market Volatility The fundamental focus will shift temporarily from the Dollar over the coming week - just as trend pressure comes into view - with China's NPC meeting and the ECB rate decision drawing traders' anxiety...
EURUSD Daily Forecast: March 07 2016 EURUSD Forecast The EURUSD failed to continue its bearish momentum last week topped at 1.1043 after formed two Dojis as you can see on my daily chart below. The bias is neutral in nearest term but as long as stays above 1...
GBPUSD Daily Forecast: March 07 2016 GBPUSD Forecast The GBPUSD had a bullish momentum last week topped at 1.4248. The bias is bullish in nearest term testing 1.4300 area. Immediate support is seen around 1.4175...
USDJPY Daily Forecast: March 07 2016 USDJPY Forecast The USDJPY was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but overall price is still in a bullish phase since formed a double bottom formation as you can see on my daily chart below...
USDCHF Daily Forecast: March 07 2016 USDCHF Forecast The USDCHF was indecisive last week. The bias is neutral in nearest term but as long as stays below 1.0000/35 I still prefer a bearish scenario at this phase targeting 0.9820 area. Immediate resistance is seen around 0.9955...
GOLD: With GOLD closing higher the past week (see weekly chart), further strength is expected. However, while it trades below the 1263.00/1279.00 resistance zone, risk of a move lower is likely. On the downside, support comes in at the 1250.00 level where a break will turn attention to the 1240...
The Bank of Canada doesn’t target the exchange rate. But it has in the past year set down some fairly significant goalposts. At its last meeting, in January, a key reason why Governor Poloz didn’t cut was how far and fast the currency had weakened...
Data in this report cover up to Tuesday Mar 1 & were released Friday Mar 4. IMM data for the week through March revealed the first pick up in aggregate long USD positioning since mid-January and the first meaningful jump in overall USD bullish positioning since mid-January...
Here’s the market outlook for this week:: Content courtesy of Tallinex Limited (https://www.tallinex.com) EURUSD Dominant bias: Bearish As previously mentioned, EURUSD has been making some bullish attempts, but were not significant enough to render the bearish bias invalid...
EUR: Risk Events Galore – EU + ECB. Bearish. We remain bearish on EUR and are seeing rising political risks as providing further evidence for the currency to weaken. Near term, the risk rally will add to downward EURUSD pressure, supported further by foreign corporate borrowing in EURs...
EUR/USD: Wave analysis and forecast for 04.03 – 11.03: Uptrend continues. Estimated pivot point is at the level of 1.0820. Our opinion: Buy the pair from correction above the level of 1.0820 with the target of 1.15 – 1.16...
Forecast of movement of currency indexes next week 07.03 -13.03.2016. 1.GBP index strengthened to 39 and almost walked right up to the Japanese, second target after the Japanese will USD. GBPJPY buy, GBPUSD buy. 2. Strangely behaved Pacific Fleet AUD NZD, instead of falling...
The week ahead is dominated by the Reserve Bank of New Zealand’s (RBNZ) rate meeting on Wednesday March 9. The central bank has the highest base lending rate in the G10 at 2.50%, which makes it a target for carry traders, seeking yield...
