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Technical analysis of USD/CAD for February 29, 2016 29 Februari 2016 5:48 PM General overview for 29/02/2016: A bottom of the (a) blue was established and the market moved to the upside as anticipated. The projected target levels for wave (b) blue are intraday resistance at the level of 1...
Technical analysis of EUR/JPY for Febuary 29, 2016 29 Februari 2016 5:34 PM General overview for 29/02/2016: The first impulsive wave upward was completed and now the corrective cycle is in progress with the invalidation line at the level of 122.45...
GBP/USD in the red, lowest since March 2009 29 Februari 2016 11:07 AM The GBP bears tighten their grip on the GBP/USD pair in the mid-European session, knocking-off the major to fresh seven-year lows below 1.3850. GBP/USD sold-off into risk-off moods The GBP/USD pair trades 0.19% lower at 1...
Moving on from G20 The weekend meeting of G20 finance ministers and central bank governors created a lot of noise, but little in the way of consensus regarding the way ahead or on policy action. That was to be expected really...
29 February 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 07:00 German Retail Sales m/m EUR Med. -0.2% 0.3% Positive 09:30 Net Lending to Individuals m/m GBP Med. 4.4B 5...
The British pound could see a reverse in fortunes over coming days in the wake of relentless selling pressure, however we and many others in the market expect any strength to be short-lived in nature and an ultimate target in the mid-1.20's to be reached...
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The British pound in tandem with the U.S. dollar continues to deny all sorts of conclusions about "overbought" and "oversold" areas. It is recommended to hold sales with a target of 1.35. Find out more by checking out the Source Link...
#EURUSD continues to decline - today the euro is under pressure due to expectations regarding the CPI data in the euro zone. As expected, growth would be equal to 0.0%, and this is not what buyers want to see before the #ECB meeting. Find out more by checking out the Source Link...
Euro May Fall Further as Soft CPI Hints More ECB Easing Ahead Talking Points: NZ Dollar falls as data drives rate cut bets, Yen gains as S&P 500 futures fall Euro downturn may continue as soft inflation data beckons more ECB easing Global stimulus expansion hopes may offer support to risk sen...
Pivot Points Hourly Last Updated: Feb 29, 1:15 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.08862 1.09011 1.09074 1.0916 1.09223 1.09309 1.09458 USD/JPY 112.459 112.676 112.787 112.893 113.004 113.11 113.327 GBP/USD 1.38219 1.38455 1.3856 1.38691 1.38796 1.38927 1.39163 USD/CHF 0.99533 0...
EUR: EURUSD – A cheaper alternative to hedge EU referendum risks. We recommend owning EURUSD downside options as a cheaper way to hedge against the EU Referendum risk. We continue to argue that the referendum is at least as big a risk to EU and EMU stability as it is to the UK economy...
The key event in the US is the February jobs report, though we draw emphasis on ISM PMIs as well. Job growth likely maintained a healthy clip; we expect a rebound to 190K, keeping the 3-month average change near 200K...
In the week to February 23, Yen longs increased, USD longs were cut back, Euro shorts were cut back and the GBP short actually shrank a little. The yen position highlights bearish risk sentiment...
EUR/USD: Turn to Bearish: Outlook turned bearish for a modest target of 1.0810. The neutral phase that has been in place for about 2 weeks ended last Friday. As highlighted in recent updates, a daily closing below the key 1.0990 would indicate the start of a sustained down-move in EUR...
Analysis : Channel Down identified at 26-Feb-19:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.103 within the next 6 hours. Resistance Levels : ( B ) 1.103Last resistance turning point of Channel Down. Support Levels...
Our general trade call for the week is to sell Cable and Kiwi on pullbacks (Kiwi may rally on oil gains however). The USD rallied during Friday’s NY session as Preliminary GDP and Personal Consumption Expenditures both smashed expectations. The headline for GDP beat estimates at 1...
What economic and political #events will be key this week? The week will bring so-called #SuperTuesday – primaries in many U.S. states. On Friday, the market will look forward to see #Non-Farm Payrolls and unemployment in the United States. Find out more by checking out the Source Link...
GBP/USD Attempting Gains After 500-pip fall 29 Februari 2016 6:44 AM The GBP/USD pair is attempting gains after heightened Brexit fears and strong US data led to a 533 pip fall last week. Focus on Economic data The focus could be back on economic data releases this week...
