Wed, Mar 20, 2019 @ 11:44 GMT

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....

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:...

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...
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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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