Market Analysis – Page 6

EURUSD could face some headwinds through the round figure 1.2000

August 29, 2017August 29, 2017 Admin

As expected, the EURUSD pair continued to move higher due to dollar weakness that was carried over from Friday. This weakness in the dollar has been due to the failure of Yellen to address monetary policy during her speech on Friday and also due to the fact that Draghi also did not choose the address to talk anything about the strong euro in his speech as well. In the past, European officials have been known to talk down the Euro if they see it appreciating too much. Draghi also spoke…

Support and Resistance Levels – 28-Aug-2017

August 28, 2017 Admin

These are the observed support and resistance levels as of now for the following pairs. Time: 9:40 GMT EURUSD LEVELS 1.2040 1.2000 1.1970 1.1935 1.1890 1.1890 1.1865 1.1830 REMARKS Resistance Resistance Resistance Last Pivot Support Support Support USDJPY LEVELS 110.05 109.80 109.55 109.15 109.55 108.80 108.55 108.25 REMARKS Resistance Resistance Resistance Last Pivot Support Support Support GBPUSD LEVEL 1.2990 1.2950 1.2915 1.2890 1.2865 1.2865 1.2840 1.2815 REMARKS Resistance Resistance Resistance Last Pivot Support Support Support USDCHF LEVEL 0.9660 0.9615 0.9595 0.9541 0.9595 0.9495 0.9455 0.9430 REMARKS Resistance Resistance Resistance Last…

Gold Price forecast for the week of 28-August-2017

August 27, 2017August 27, 2017 Admin

Last week saw Gold trading in a tight range as the market waited for the comments from Fed Chair Yellen and ECB President Draghi. As Yellen did not give any clues of the monetary policy, Gold prices rose on Friday. Therefore the main fundamental factors diving the price of Gold at this time around are the fundamentals of US Dollar. As the economic data from US has been generally weak, US Dollar has extended its losses across the board. However, on the technical side, we have to note that Gold…

USDCAD forecast for the week of 28-Aug-2017

August 27, 2017 Admin

Fundamental Analysis A hawkish BOC and strong data from Canada has helped Canadian Dollar to remain steady. The pair fell sharply after Fed Chair Yellen failed to deliver any support to the US Dollar as she refused to give any hint of the monetary policy. Strong oil prices also give additional support to the Canadian Dollar. Additionally, if the incoming data fro Canada continues to be strong, it could encourage BOC to consider hiking rates again. In the coming week, if Canadian GDP data beats the expectation or if the…

EURUSD forecast for the week of 28-Aug-2017

August 27, 2017August 28, 2017 Admin

Fundamental Analysis EURUSD pair consolidated for the most part of last week until the comments given by Yellen and Draghi on Friday. The markets awaited in anticipation of the meeting at Jackson Hole, looking for clues from the central bank heads, of the monetary policy ahead. The markets expected Yellen to be hawkish to give some boost to the greenback. However she chose not to give such clues. The Dollar in turn weakened across the board sending the pair to the region around 1.1870 Even though Draghi did not say…

FX Week Ahead: Highlights Include Article 50 And Sterling, Q4 GDP And The USD

March 27, 2017 Admin

By Shant Movsesian (RANsquawk) and Rajan Dhall MSTA (RANsquawk/Tradingview) UK in the spotlight this week as Article 50 set to be triggered. Is this priced in to GBP? We’ll find out. The USD may start to find some support as key levels (against its major counterparts) near. Japanese year end on the Friday. Looking to next week, few can look past the impending triggering of Article 50 – on Wednesday – which is widely expected to produce a knee jerk hit on the Pound. Given the slow grind higher through…

“Pounded” – How Not To Manage A Fiat Currency

October 17, 2016 Admin

Submitted by Alasdair Macleod via GoldMoney.com, Make no mistake, sterling’s collapse is a very serious development, and has serious consequences for sterling interest rates. While it is becoming apparent that interest rates are going to have to rise possibly for all currencies on a one-year view, sterling’s problems are the consequence of bad judgement, and perhaps intellectual arrogance on the part of the Bank of England’s Monetary Policy Committee. The MPC in turn is not and cannot be independent from the influence of Mark Carney, the Bank’s Governor, who made…

US Futures, Bonds Rise, Dollar Dips As Fed, BOJ Meetings Begin

September 20, 2016September 20, 2016 Admin

If yesterday one could “explain” the overnight stock levitation due to the move higher in crude oil, today there is no such catalyst with WTI down modestly, and yet the broader push higher across European stocks and US equities has reappeared following yesterday’s muted close on Wall Street ahead of key central bank data on deck. Some have attributed the 0.4% rise in futures to the latest dip in the dollar, while a modest bond rally as the countdown to crucial policy decisions by the Bank of Japan and the…

What Wall Street Expects From The ECB, And How Will The Market React

September 8, 2016September 8, 2016 Admin

While there have been various trial balloons in recent days, hinting that the ECB could start purchasing equities, most notably by the Peterson Insitute, it is unlikely that Mario Draghi will commence outright monetization of ETFs at the ECB’s meeting tomorrow. Still, that does not change the fact that the ECB is rapidly running out of bond to government monetize, which has pushed government yields to all time negative lows, and has so distorted the corporate market that non-backstopped corporations have issued negative yielding bonds: an unheard of event. On…

“This Ain’t Rocket Science Folks” – Fundamentals Matter (And Will Always Matter)

August 23, 2016 Admin

Submitted by Thad Beversdorf via FirstRebuttal.com, Challenge For the Market Pros, CEOs and PhDs…Read and Answer the Last Sentence Now we’ve all heard a lot of statistics that depict both a good and bad employment picture. We have 5% U3 (historic lows) but we have 62% labour force participation rate (record lows for double income household era). We hear Obama suggest he’s created 7 million new jobs but wages are stagnant. So is the job market good or bad? Remember job growth figures are irrelevant without the context of the working…