The threat of the EUR/USD testing 1.15 remains in place, says SocGen. "Tomorrow’s ECB Bank Lending Survey will probably show a further modest improvement in loan demand and the ECB will probably do no more than sound dovish, which wouldn’t get in the way of the euro’s gradual appreciation...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition with the secondary ranging between Fibo support level at 1.0798 and Fibo resistance level at 1.1706: "Support is estimated in the mid-1.0800s. Resistance is estimated in the mid-1...
Market players have pushed back expectations of a rate increase since the Fed's Sept.17 meeting, with many traders anticipating the hike as soon as March 2016. But if history is any guide, investors have been getting the Fed's intentions wrong, says Deutsche Bank...
The National Bank of Canada (NBC) are predicting the Canadian dollar to trade softer over coming weeks. The note from NBC comes at a time of outperformance in the Canadian dollar exchange rate complex. Are we therefore at a turning point in the CAD’s fortunes...
Goldman Sachs Asset Management expects the British currency to jump against the dollar as the Bank of England will possibly increase interest rates sooner than the market predicts...
The battered and bruised oil industry could see some upside in the medium term if it sticks with its period of cost cutting, according to Michele Della Vigna, co-head of European Equity Research at Goldman Sachs. "Sentiment is changing," he told CNBC Monday...
Despite the lack of directional dynamics in #GPBUSD after the pair has reached an important resistance level, our order to buy is still in the market. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
An order to sale #USDJPY was closed with a #profit on a breakout of a #fractal level up, where we immediately opened an #order in a northern direction. The pair does not currently show directional dynamics. Find out more by checking out the Source Link...
USDJPY: With USDJPY halting its weakness to close higher the past week, it looks to move higher in the new week. We envisage a possible move towards its range top at the 121.32 level. On the upside, resistance resides at the 120.00 level with a turn above here aiming at the 120.50 level...
The probability of the gold price continuing to go up was so unconvincing that i removed the stop loss i had kept near last month's high and put my faith in my level 2 and 3 set up which was still showing a BEAR trend...
As mentioned in my recent posts, was prepared for the high volatility in the BEARISH price movement. Even in gold prices, was not convinced about the upward movement, as i saw it as a retracement rather than a trend, especially from level 2 and 3 set up...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and GBP/USD. EUR/USD: trading has been rangy and should continue to be given the lack of data until the ECB's meet/ing on Thursday. We prefer selling rallies towards 1.1400/20...
Official China's third quarter GDP numbers released earlier today caused controversial reactions varying from shrugs to utter disbelief. Let us see why analysts have been so much confused...
Check Trading Recommendations - HERE! Overview and Dynamics In anticipation of the key news from the Eurozone and the US, the EUR / USD will remain under pressure...
United Overseas Bank made a technical forecast for GBP/USD stated that bear market rally will be continuing up to 1.55 as a real target: "We maintains it bullish view on the pair with a target of 1.5570." "We just shifted to a bullish at this stage, there is no change to our view...
Bank of America Merrill Lynch confirm the outlook favours the British pound over the euro despite recent advances in the EURGBP exchange rate. The euro has come under pressure once more as the medium-term recovery rally runs into resistance...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, October 19th NZD/USD slipped lower on Monday as Chinese GDP growth rate slowed from the previous 7% to its current 6.9%. Industrial production figures in China were in red colour at 5...
There was a rebound of #AUDUSD from a medium-term downtrend line. It should be noted that today #China has published important #indicators that were sufficiently mixed. #Economies of China and #Australia are closely related, so the #market reaction may still occur in the near future...
#Bulls failed to consolidate above a #resistance level. On Friday, a corrective decline of #EURUSD was caused with consumer sentiment data published in the USA. At the same time, we state the fact that #quotes were fixed directly on a #support line of a current #uptrend...
