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EURUSD Daily Forecast: March 24 2016 EURUSD Forecast The EURUSD had a bearish momentum yesterday bottomed at 1.1159. The bias remains bearish in nearest term testing 1.1100 – 1.1065 region as a part of the false break bearish scenario as you can see on my H1 chart below...
GBPUSD Daily Forecast: March 24 2016 GBPUSD Forecast The GBPUSD continued its bearish momentum yesterday bottomed at 1.4082. The bias remains bearish in nearest term testing 1.4050. A clear break and daily close below that area could trigger further bearish pressure testing 1.3900 region...
USDJPY Daily Forecast: March 24 2016 USDJPY Forecast The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias so far. The bias remains bullish in nearest term testing 113.00 – 113.50. Immediate support is seen around 112.15...
Every three months, the U.S. Federal Reserve publishes a chart -- known as the "dot plot" -- showing where various officials think the central bank's interest-rate target should be over the next few years. And every three months, investors and the media consistently misinterpret it...
Markets are pricing the GBP to CHF exchange rate to trade towards 1.35 by March 2017, but those exposed to the pair should be prepared for unprecedented volatility...
Looking back to the mid-February inflection point, market sentiment has since started to improve with regard to the growth outlook, with financial conditions subsequently easing also. Growth views continue to make progress, as manufacturing data in the US seem to have turned the corner...
Recovery in EUR/AUD since 2012 seems to be drawing to a close after the pair has hit and rejected the multiyear channel median resistance at 1.6250/1.6385 last month...
Tom Hayes, a former star trader serving an 11-year jail sentence for manipulating Libor interest rates, was on Wednesday ordered to pay 878,806 pounds ($1.25 million) by a judge or face further time in prison...
The UK referendum is three months away. Three-month options are a common benchmark for various market segments; from speculators, to fund managers to corporations. Events over the past week have raised the risks that the UK votes to leave the EU...
The decidedly hawkish tone embraced by Federal Reserve officials so far this week is forcing investors to rethink the likelihood of an interest rate hike at the central bank’s April meeting...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: We are bearish against the 1.1380 range highs and look for a move lower in range. Our initial targets are towards 1...
Analysts at Brown Brothers Harriman explained one can fully agree that the buying of corporate bonds, which only the BOJ of the major central banks have included under its asset purchase program, is not ideal and is no panacea, without dismissing the effort as ineffective or incredible as in lack...
Price Of Gold Pulls Back Sharply Amid Dollar Strength After ending the previous session moderately higher, the price of gold showed a substantial move back to the downside during trading on Wednesday. Gold for April delivery tumbled $24.60 to $1,224 an ounce after ending Tuesday's trading up $4...
GBP/USD Coming a Cropper this Week on Brexit Fears GBP/USD has taken a beating, falling this week from 1.4395 meeting a low of 1.4095 so far with strong momentum...
Analysts from Brown Brother Harriman, believe there are two broad forces that will shape the investment climate in developed markets: policy actions and politics. “Policymakers and investors will be monitoring the impact of policy actions taken over the last couple of months...
Analysts at Rabobank explained that the UK has had sizeable success in attracting overseas investment in recent years resulting in the UK being a top destination for inward investment...
EUR/USD Falls for the Fourth Day in a Row EUR/USD printed a fresh daily low during the American session at 1.1159, hitting the lowest level since last Wednesday, when the Federal Reserve announced its decision on monetary policy...
AUD/JPY: Downside Held Up by USD/JPY AUD/JPY has lost out to market's risk aversion and has penetrated the 85 handle to the downside now, testing levels below 84.80 support. AUD/JPY plummeted along with the Aussie from the 0.76 handle to deep levels on the 0.75 handle (0...
USD/JPY: Bulls Hunting Down 114.50/155.00 - Scotiabank Analysts at Scotiabank explained the technical conditions surrounding USD/JPY. Key Quotes: "The MACD has turned bullish and the RSI appears set to make a near term break above 50. The 9 day MA (112...