AUDUSD Consolidates Within Ichimoku Cloud, Lacks Direction
AUDUSD has rebounded somewhat after falling to the 0.7000 psychological level on March 8 but is still moving with weak momentum within the Ichimoku...
GBPJPY Struggles To Clear 148 Region, Signals Neutral In Short Term
GBPJPY slid sideways after it found strong resistance just shy of the 149 handle for the second time this month. In the short term,...
Gold Prices One To Watch As China Pushes Back On US Demands
Gold prices have managed to achieve a rebound from the sub-$1,290 levels seen earlier this month to challenge $1,305 at the time of writing....
EUR/USD And USD/CHF: US Dollar Remains In Downtrend
EUR/USD recovered nicely and broke the 1.1325 resistance area to move into a positive zone. USD/CHF is currently under pressure, but it may recover...
AUD/USD Outlook: Aussie Bulls Struggle At 0.71 Zone Resistances, Fed Eyed For Fresh Signals
The Aussie pressures 0.7100 resistance zone (30SMA / daily Kijun-sen) following fresh bullish acceleration in Asian / European trading, driven by improved risk sentiment....
Fundamental Analysis
Waiting For FOMC
All Eyes on FOMC
Despite the chaos unfolding in the UK, market volatility has eased ahead of the FOMC (Federal Open Market Committee) meeting. Perhaps...
Fundamental Analysis
Fed To Set The Tone For The U.S Dollar
Wednesday March 20: Five things the markets are talking about
All eyes are on today’s FOMC meeting where the Fed is expected to hold interest...
Technical Analysis
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.13362
Open: 1.13506
% chg. over the last day: +0.15
Day's range: 1.13355 – 1.13570
52 wk range:...
Technical Analysis
EURJPY Stretches Higher Within Ascending Channel
EURJPY is moving higher in the 4-hour chart after finding support at the lower boundary of the ascending channel, which has been holding since...
Technical Analysis
EUR/JPY Supported By 100-Hour SMA
During Tuesday's trading session, the Eurozone single currency was trading near the lower boundary of a medium-term ascending channel pattern. The 100-hour simple moving...
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Canada Federal Budget 2019: Spending the Windfalls, Again
Highlights
Given another improvement in the fiscal starting point, the federal government has chosen to spend the windfall, leaving the deficit profile unchanged relative...
Brexit Monitor: 60% Probability Of A Long Brexit Extension
Key takeaways
Most likely no vote on the full Brexit deal before EU summit on Thursday
We now believe that a long Brexit extension...
DXY Could Face Headwinds As We Head Into April
If the US dollar index (DXY) is to follow its seasonal tendency, headwinds could cap upside potential in March before dragging it lower around...
Could the Fed Go Negative? Fed Policy Review Part 2
Executive Summary
In the second of a series of reports examining how the Fed's framework and toolkit may evolve in the coming years, we discuss...
AUD/USD Outlook: Aussie Bulls Struggle At 0.71 Zone Resistances, Fed Eyed For Fresh Signals
The Aussie pressures 0.7100 resistance zone (30SMA / daily Kijun-sen) following fresh bullish acceleration in Asian / European trading, driven by improved risk sentiment....
Waiting For FOMC
All Eyes on FOMC
Despite the chaos unfolding in the UK, market volatility has eased ahead of the FOMC (Federal Open Market Committee) meeting. Perhaps...
Fed To Set The Tone For The U.S Dollar
Wednesday March 20: Five things the markets are talking about
All eyes are on today’s FOMC meeting where the Fed is expected to hold interest...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.13362
Open: 1.13506
% chg. over the last day: +0.15
Day's range: 1.13355 – 1.13570
52 wk range:...
AUD/USD Await US Macroeconomic Data Releases
During the last 48 hours, the Australian Dollar has depreciated about 0.73% in values against the US Dollar. The currency pair breached the 50-,...
USD/CAD Awaits FOMC Statement
The US Dollar traded with high volatility against the Canadian Dollar on Tuesday. The Greenback lost about 93 base points during the first part...
NZD/USD Awaits Federal Fund Rate
The New Zealand Dollar has depreciated about 0.64% in values against the US Dollar. The decline was stop by a support level formed by...
EUR/USD Could Break Monthly PP At 1.1364
During Tuesday's trading session, the currency exchange rate surged to 1.1360 level as it was predicted! On Wednesday morning, the rate was located between...
GBP/USD Depreciated To 1.3200
During Tuesday's trading session, the 100-hour simple moving average supported the rate to reach the 1.3300 level. During Wednesday's morning hours, the 55-hour and...
USD/JPY Is Supported By 100-Hour SMA
During Tuesday's trading session, the support levels of the 55-hour SMA together with the weekly pivot point at 111.42 pushed the currency exchange rate...
Fed To Set The Tone For The U.S Dollar
Wednesday March 20: Five things the markets are talking about
All eyes are on today’s FOMC meeting where the Fed is expected to hold interest...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.13362
Open: 1.13506
% chg. over the last day: +0.15
Day's range: 1.13355 – 1.13570
52 wk range:...
EURJPY Stretches Higher Within Ascending Channel
EURJPY is moving higher in the 4-hour chart after finding support at the lower boundary of the ascending channel, which has been holding since...
EUR/JPY Supported By 100-Hour SMA
During Tuesday's trading session, the Eurozone single currency was trading near the lower boundary of a medium-term ascending channel pattern. The 100-hour simple moving...
EUR/USD Could Break Monthly PP At 1.1364
During Tuesday's trading session, the currency exchange rate surged to 1.1360 level as it was predicted! On Wednesday morning, the rate was located between...
EUR/USD Outlook: Bulls Look For Adjustment Before Resuming, Fed Is In Focus Today
The Euro holds in red on Wednesday's morning, weighed by overbought conditions and lack of momentum and stronger dollar on increased safe-haven demand, following...
Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD
EUR/USD
Current level - 1.1345
The market is awaiting FED's decision later today and trading is likely to remain calm during the current session. Initial resistance...
EURUSD Firm On Dollar Weakness
The euro currency gained 0.13% on the day despite a panel of economists lowering Germany's growth forecasts. Expectations are for Germany's growth to rise...
EUR/USD Turning Down
Pivot (invalidation): 1.1360
Our preference Short positions below 1.1360 with targets at 1.1340 & 1.1325 in extension.
Alternative scenario Above 1.1360 look for further upside with...
US Stocks Falls As Trader Jitters Reappear
US stocks pared the earlier gains yesterday after trader worries reappeared. This is after a report noted that there were unfinished issues in the...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.13362
Open: 1.13506
% chg. over the last day: +0.15
Day's range: 1.13355 – 1.13570
52 wk range:...
EURJPY Stretches Higher Within Ascending Channel
EURJPY is moving higher in the 4-hour chart after finding support at the lower boundary of the ascending channel, which has been holding since...
EUR/JPY Supported By 100-Hour SMA
During Tuesday's trading session, the Eurozone single currency was trading near the lower boundary of a medium-term ascending channel pattern. The 100-hour simple moving...
USD/JPY Is Supported By 100-Hour SMA
During Tuesday's trading session, the support levels of the 55-hour SMA together with the weekly pivot point at 111.42 pushed the currency exchange rate...
FOMC Interest Rate Decision
The FOMC will be releasing its interest rate decision later today (18:00, GMT) and is expected to remain on hold at +2.50%. Feds Funds...
Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD
EUR/USD
Current level - 1.1345
The market is awaiting FED's decision later today and trading is likely to remain calm during the current session. Initial resistance...
USDJPY Closes Flat On The Day
The USDJPY was seen trading flat on Tuesday with the yen advancing just 0.04% against the greenback. The sentiment continues to remain in check...
USD/JPY Target 111.90
Pivot (invalidation): 111.45
Our preference Long positions above 111.45 with targets at 111.75 & 111.90 in extension.
Alternative scenario Below 111.45 look for further downside with...
USDJPY Moves Back To Weekly Pivot
The US dollar has recovered higher against the Japanese yen currency after sellers failed to hold price below key trendline support from the rising...
GBPJPY Struggles To Clear 148 Region, Signals Neutral In Short Term
GBPJPY slid sideways after it found strong resistance just shy of the 149 handle for the second time this month. In the short term,...
Waiting For FOMC
All Eyes on FOMC
Despite the chaos unfolding in the UK, market volatility has eased ahead of the FOMC (Federal Open Market Committee) meeting. Perhaps...
Fed To Set The Tone For The U.S Dollar
Wednesday March 20: Five things the markets are talking about
All eyes are on today’s FOMC meeting where the Fed is expected to hold interest...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.13362
Open: 1.13506
% chg. over the last day: +0.15
Day's range: 1.13355 – 1.13570
52 wk range:...
GBP/USD Depreciated To 1.3200
During Tuesday's trading session, the 100-hour simple moving average supported the rate to reach the 1.3300 level. During Wednesday's morning hours, the 55-hour and...
Fed ‘Dots’ To Steal The Show, Pound Retreats
Fed decision at 18:00 GMT today; new rate projections to dictate market reaction
Stocks pause rally as trade uncertainty reigns in
Sterling inches...
Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD
EUR/USD
Current level - 1.1345
The market is awaiting FED's decision later today and trading is likely to remain calm during the current session. Initial resistance...
GBP/USD Outlook: Sterling Eases On Fresh Brexit News But Remains Constructive Above Converged 10/20SMA’s
Cable moved lower in early European trading on Wednesday, hitting session low at 1.3225 and pressuring initial pivot at 1.3220 (Fibo 38.2% of 1.2960/1.3381...
GBP/USD 1.3210 Expected
Pivot (invalidation): 1.3285
Our preference Short positions below 1.3285 with targets at 1.3240 & 1.3210 in extension.
Alternative scenario Above 1.3285 look for further upside with...
GBPJPY Struggles To Clear 148 Region, Signals Neutral In Short Term
GBPJPY slid sideways after it found strong resistance just shy of the 149 handle for the second time this month. In the short term,...
Currencies: Dollar Has Discounted By And Large A Soft Fed
Rates: Fed to deliver soft message
Fed chair Powell is expected to announce the end of the balance sheet run-off by the end of the...
Switzerland’s Seasonally Adjusted Trade Surplus Widened More-Than-Expected In February
For the 24 hours to 23:00 GMT, the USD declined 0.24% against the CHF and closed at 0.9990.
In economic news, Switzerland's seasonally adjusted trade...
EUR/USD And USD/CHF: US Dollar Remains In Downtrend
EUR/USD recovered nicely and broke the 1.1325 resistance area to move into a positive zone. USD/CHF is currently under pressure, but it may recover...
USD/CHF Towards 0.9970
Pivot (invalidation): 1.0025
Our preference Short positions below 1.0025 with targets at 0.9990 & 0.9970 in extension.
Alternative scenario Above 1.0025 look for further upside with...
Swiss Franc Extends Its Gains In The Asian Session
For the 24 hours to 23:00 GMT, the USD declined 0.05% against the CHF and closed at 1.0014.
Data showed that Switzerland’s total sight deposits...
USD/CHF Under Pressure
Pivot (invalidation): 1.0035
Our preference Short positions below 1.0035 with targets at 1.0000 & 0.9990 in extension.
Alternative scenario Above 1.0035 look for further upside with...
Swiss Franc Trading Higher In The Morning Session
For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CHF and closed at 1.0023 on Friday.
In the Asian session, at...
Week ahead – Fed, BoE, and SNB Policy Meetings Highlight a Packed Agenda
Traders will be glued to their screens next week amid a barrage of crucial events, ranging from a highly-anticipated Fed policy meeting to even...
CAD/CHF Shows The Potential For A Bearish Deja Vous
Price action on CAD/CHF has caught our eye, as it suggests a bearish breakout could be pending.
Since Wednesday, the cross has been caught within...
USD/CHF Towards 1.0000
Pivot (invalidation): 1.0040
Our preference Short positions below 1.0040 with targets at 1.0015 & 1.0000 in extension.
Alternative scenario Above 1.0040 look for further upside with...
Switzerland’s Producer And Import Price Declined In February
For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CHF and closed at 1.0037.
On macro front, Switzerland's producer and import...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.13362
Open: 1.13506
% chg. over the last day: +0.15
Day's range: 1.13355 – 1.13570
52 wk range:...
USD/CAD Awaits FOMC Statement
The US Dollar traded with high volatility against the Canadian Dollar on Tuesday. The Greenback lost about 93 base points during the first part...
USD/CAD Look For 1.3370
Pivot (invalidation): 1.3300
Our preference Long positions above 1.3300 with targets at 1.3345 & 1.3370 in extension.
Alternative scenario Below 1.3300 look for further downside with...
Loonie Reverses Its Gains In The Asian Session
For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CAD and closed at 1.3325.
In the Asian session, at GMT0400, the...
Canada Federal Budget 2019: Spending the Windfalls, Again
Highlights
Given another improvement in the fiscal starting point, the federal government has chosen to spend the windfall, leaving the deficit profile unchanged relative...
GBPCAD on a Slippery Mode; Stays Positive in Medium Term
GBPCAD is losing momentum after finding a strong resistance obstacle around the nine-month high of 1.7795 in the preceding week. The technical indicators are...
Canadian Dollar Edges Higher ahead of Budget Release
The Canadian dollar has posted slight gains in the Tuesday session. Currently, USD/CAD is trading at 1.3310, down 0.20% on the day. On the...
GBP/CAD 4H Chart: Breaches Resistance Cluster
The 100– hour simple moving average has been guiding the Pound Sterling higher against the Canadian Dollar since late February. The currency pair re-tested...
USD/CAD Breaches Channel
The US Dollar appreciated about 63 base points against the Canadian Dollar on Monday. The currency pair breached the upper boundary of a medium-term...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.13255
Open: 1.13362
% chg. over the last day: +0.14
Day's range: 1.13336 – 1.13544
52 wk range:...
AUD/USD Outlook: Aussie Bulls Struggle At 0.71 Zone Resistances, Fed Eyed For Fresh Signals
The Aussie pressures 0.7100 resistance zone (30SMA / daily Kijun-sen) following fresh bullish acceleration in Asian / European trading, driven by improved risk sentiment....
AUD/USD Await US Macroeconomic Data Releases
During the last 48 hours, the Australian Dollar has depreciated about 0.73% in values against the US Dollar. The currency pair breached the 50-,...
FOMC Interest Rate Decision
The FOMC will be releasing its interest rate decision later today (18:00, GMT) and is expected to remain on hold at +2.50%. Feds Funds...
AUD/USD Under Pressure
Pivot (invalidation): 0.7090
Our preference Short positions below 0.7090 with targets at 0.7050 & 0.7035 in extension.
Alternative scenario Above 0.7090 look for further upside with...
US Stocks Falls As Trader Jitters Reappear
US stocks pared the earlier gains yesterday after trader worries reappeared. This is after a report noted that there were unfinished issues in the...
AUDUSD Consolidates Within Ichimoku Cloud, Lacks Direction
AUDUSD has rebounded somewhat after falling to the 0.7000 psychological level on March 8 but is still moving with weak momentum within the Ichimoku...
Asia FX Handover
The USD spiked early-Asia on reports China were pushing back on US trade demands, weighing on commodity prices and sending AUD/USD to a 4-day...
Aussie Extends Its Losses In The Morning Session
For the 24 hours to 23:00 GMT, the AUD declined 0.14% against the USD and closed at 0.7088.
LME Copper prices rose 0.1% or $8.0/MT...
Market Morning Briefing: Euro Tested 1.1360 Before A Short Dip
STOCKS
Indian equities retains their momentum and looks much stronger than their global peers. Among the global indices, DAX is relatively stronger than others while...
USD Perks Up, AUD/USD Slips Ahead Of Fed
The US dollar perked up mid-Asia, weighing notably on commodity currencies AUD and NZD ahead of the meeting. With a likely swing high in...
NZD/USD Awaits Federal Fund Rate
The New Zealand Dollar has depreciated about 0.64% in values against the US Dollar. The decline was stop by a support level formed by...
US Stocks Falls As Trader Jitters Reappear
US stocks pared the earlier gains yesterday after trader worries reappeared. This is after a report noted that there were unfinished issues in the...
EUR/NZD T-89 Pattern Rejecting From Support
The EUR/NZD has formed a bullish breakout pattern that has broken above the trend line. A rejection from the POC zone could target higher...
NZD/USD Moving Towards Weekly R1
The New Zealand Dollar depreciated about 33 base points against the US Dollar on Monday. The currency pair tested the lower boundary of an...
AUD/NZD Teases Pivotal Level
Last Wednesday we outlined the potential for AUD/NZD to mean revert towards 1.0370 resistance. Having hit that key level today in Asia, we take...
NZD/USD Decline Insight
The New Zealand Dollar is gradually making a new higher highs and lower lows since the currency pair bounced off a support level formed...
Australia & New Zealand Weekly: Case for RBA Rate Cuts Continues to Build
Week beginning 18 March 2019
Case for RBA rate cuts continues to build.
RBA: Assistant Governor Financial Markets Kent speaks.
Australia: AusChamber-Westpac survey, Westpac-MI...
Week ahead – Fed, BoE, and SNB Policy Meetings Highlight a Packed Agenda
Traders will be glued to their screens next week amid a barrage of crucial events, ranging from a highly-anticipated Fed policy meeting to even...
NZDUSD Latest Rebound May Stall in Short-Term
NZDUSD corrected below two-week lows after the RSI reached overbought territory, with the price launching slightly above the 50-period moving average in the four-hour...
NZD/USD Target At 0.6879
The New Zealand Dollar depreciated about 46 base points against the US Dollar on Thursday. The decline was stopped by a support level formed...
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