The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: Selling interest in the 1.1050 area, near the 200-dma helps keep our focus lower. Our targets are towards 1...
AUDCHF: The Upside Prevails as long as 0.72000 is support. If Downside breakout of 0.72 would call for 0.701 and 0.69. The RSI is trading above 70. This could mean that either the pair is in a lasting Uptrend or just Overbought and that therefore a correction could shape...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, EUR/JPY, EUR/CHF, and AUD/USD. EUR/USD: The market's focus has shifted to the upcoming ECB meeting on Thursday, and we expect the market to be keen to sell the pair on any rallies that materialize...
Dear Friends, forex brokers always offering you to get bonus against your every deposit. But maximum bonus offer is really not for traders benefit. Maximum bonus is just like as showpiece in the account and just for account decoration. I don't think that type of bonus is helpful for traders...
Currency investors should consider buying NOK/JPY this week, advises Morgan Stanley in its weekly FX pick to clients. "The NOK should benefit from higher oil prices and Norway’s government taking an expansionary fiscal course. In January, the petroleum fund transferred NOK 6...
We expect the ECB to announce another menu of monetary policy easing including a 10bp deposit rate cut together with an introduction of a two-tier deposit rate system and a front-loading of the QE purchases...
The US dollar is retracing part of its pre-weekend losses against the European currencies and dollar-bloc today while falling equity prices are underpinning the yen. Brent is nearing $40 a barrel, and WTI is pushing through $36. Iron ore prices were limit up in China...
The USD/JPY 4 hour chart shows the price has been range trading between the 23.6% fibonacci line and the 38.2% fibonacci line. The price is currently sitting on the 23.6% fibonacci retracement. The 38...
The AUD/USD had an excellent week last week due to the weakening dollar. However, the dollar has started the week strong and has caused a fair gap in the markets during the opening last night. The price broke the 200 EMA very strongly, therefore we are not expecting it the drop below it this week...
The Bank of Canada should remain in a wait-and-see mode on Wednesday despite risks to the growth outlook remaining to the downside, says BNP Paribas...
According to our economists, the February average hourly earnings data were likely impacted by calendar effects that boosted January average hourly earnings and biased February wage growth lower...
Our long position in #EURUSD from 1.0962 is in the market, at least for now. But the pair is declining, and the position may be closed soon. In any case, any possible development will not be a surprise for us. Find out more by checking out the Source Link...
A long position in #USDJPY was closed with a loss on the red Alligator's line crossing. At the moment, we have two pending breakthrough orders. Overcoming of any of them will involve us to a new trading position. Find out more by checking out the Source Link...
Gold Analysis for March 07, 2016 Overview : Since our last analysis, gold has been trading upwards. As I expected, the price tested the level of $1,279.67. Anyway, in the daily time frame, I found a a supply bar (up thrust), which is a sign of weakness. Intraday buying at this stage looks risky...
USD/CAD Intraday Technical Levels and Trading Recommendations for March 7, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...
Dear Friends, This week we have below high impact news schedule which may be tradable. Wednesday, March – 9, 2016...
Despite encouraging Australian growth data, UBS analyst team stays bearish on the AUD and still targets AUD/USD 0.68 on a three-month basis and 0.65 on a six and 12-month basis. They explain how the growth “miracle” looks a little different after scratching the surface...
In opinion of the research team at UOB Group, the pair remains poised for further consolidation in the next weeks. Key Quotes “USD traded sideways as expected with a range of 113.15/114.25 which is close to our expectation of 113.10/114.15...
