TODAY 4/11/2015 EUR/USD WILL BE BEARISH...
Skandinaviska Enskilda Banken made some technical analysis for EUR/JPY estimated the weekly bearish reversal for EUR/JPY. As we see from the image above - the price is ranging within 100 period SMA and 200 period SMA between Fibo resistance level at 141.05 and support level at 131.59...
The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: We prefer to fade upticks against resistance in the 1.1100 area. A move below 1...
Famous economist Mohamed El-Erian said in an interview with CNBC he puts the risk of a recession in the United States at 25 percent to 30 percent...
Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that USD/JPY risk is centered on the outlook for relative policy as market participants consider the prospect of a normalizing Fed in contrast to an accommodative BoJ...
European Central Bank President Mario Draghi is due to speak during the European evening, at 19:00 GMT and investors will be paying close attention for further clarity regarding a possible action in December Latest ECB meeting raised speculation the ECB could expand its QE program in December...
Analyst at ING, James Knightly, explained that yesterday’s surprise jump in the manufacturing PMI is at odds with other survey evidence suggesting sterling strength and weak external demand is holding back the sector...
The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days...
Credit Agricole made a fundamental forecasts related to the price of some pairs movement during some high impacted news events for the week. Let's evaluate those forecasts based on technical analysis...
Gained momentum and bounced from below 186.00 breaking above 186.40, where previous highs lied and peaked at 186.68. It remains trading near the highs with a bullish tone and eyeing yesterday’s highs that lie at 186.96. The area around 187.00 is the immediate barrier to consider...
NZD/USD is currently trading at 0.6675 with a high of 0.6783 and a low of 0.6651. NZD/USD reversed the bid when it had been following suit of the Aussie in early Asia on the back of the run up to the RBA meeting...
The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days...
Overnight, the RBA left rates steady at 2.0% and the Aussie rallied 0.5% but ran into supply with a strong greenback across the board. The price was drifting on the bid in early Asia from the mid point of the 0.71 handle and was propelled on the event to score territory above the 0...
continued to rise despite weaker-than-expected US economic data. The pair recently reached at 0.9922, the highest level since last Thursday and it remains near the top...
The greenback, gauged by the US Dollar Index, is sharply appreciating vs. its main rivals on Tuesday, flirting with daily tops in the mid-97.00s. US Dollar gives away gains post-US releases The index has abandoned the area of session highs after another disappointment from the US docket...
After climbing near 1.3160, or session highs, USD/CAD has now returned to the 1.3120 area following the US releases. USD/CAD trims gains on US results Spot has surrendered part of the earlier gains after US Factory Orders have surprised investors to the downside during September, contracting 1...
The dollar gathered momentum and dragged EUR/USD to fresh lows sub-1.0950 despite the latest string of US data came in the soft side. US factory orders fell 1.0% in September against a decrease of 0.9% expected, while prior months’ were revised down to -2.1% from -1.9...