Sterling surged to a fresh intraday high after incoming Bank of England Governor Mark Carney hinted in his testimony to parliament that the BoE should refrain from more stimuli. The impact of the statement was surprising on sterling that surged to a fresh session high after a surprise change in...
USD/CHF - 0.9179 Most recent candlesticks pattern : N/A Trend : Near term down Tenkan-Sen level :0.9123 Kijun-Sen level :0.9123 Ichimoku cloud top :0.9110 Ichimoku cloud bottom :0.91
EUR/USD – 1.3410 Most recent candlesticks pattern : N/A Trend : Near term down Tenkan-Sen level :1.3487 Kijun-Sen level :1.3487 Ichimoku cloud top :1.3542 Ichimoku cloud bottom :1.3528 Original
Despite intra-day retreat to 0.9065-66, as the greenback has recoiled after holding above indicated support at 0.9059, suggesting further consolidation would be seen and test of yesterday’s high of 0.9150 is likely, however, fracture there is needed to revive our near term bullishness for retrace
Despite intra-day recoil to 1.3578, current sharp fall suggest the decline from 1.3711 has resumed and bearishness remains for retracement of recent upmove to 1.3439 (38.2% Fibonacci retracement of 1.2998-1.3711), then towards previous support at 1.3415, however, fracture of latter level is neede...
EUR/GBP – 0.8555 Recent wave: v of wave 3 has possibly ended at 0.8067 but wave 4 should hold below 0.9050 Trend: Up Original strategy : Sold at 0.8675, met target: at 0.8565 Short at 0.8675 Target: - 0.8565 New strategy : ... Are you interested? READ MORE
As widely anticipated, the ECB left the main refinancing rate unchanged and announced no new stimulus program. The overall tone of the statement, similar to the previous month, remained dovish. The central bank has clearly noticed the strength of the euro but President Draghi reiterated the posit...
Sterling recoils strongly against dollar and jumps against yen today after incoming BoE Governor Carney talked down chance of radical changes in the central banks' policy. In his testimony to UK parliament's Treasury Select Committee, Carney said that " flexible inflation targeting as practi...
wow what is this bro? are your sharing about forex fundamentals? nice sharing bro :) Hi! At the date of their materials look (February,4 2013. 8:00 terminal time - Demo), and now you look at the date of my article, or at least to today.;) Do not make an amendment providing obviously outdated inf...
With focus mainly on the ECB and the BoE's rate decision due to be released later today, meanwhile latest fundamentals released by U.K was able to offer a brighter view for the economy. Figures from the ONS showed today that Industrial production grew unexpectedly by 1.1 percent in December follo...
On Thursday 7th February, the ECB is scheduled to announce its latest interest rate decision. The decision will be released at 1245 GMT/ 0745 ET. No change in interest rates or additional policy measures is expected. At 1330 GMT/ 0830 ET, the ECB President Mario Draghi will hold his monthly... READ
European stocks were off to a mixed start on Thursday as investors cautiously stayed on the sidelines ahead of ECB and BOE’s key rate decisions, while modest gains among corporate earnings dominated trading sentiments across the region.... READ MORE
The euro (EUR), is moving above 1.3535 versus the US dollar (USD) and it is shyly gaining some ground ahead of the European Central Bank’s (ECB) press conference later today. The consensus is that the rate should stay the same; however the ECB President’s comments could be critical in stirrin...
On Wednesday, most markets were in consolidation mode and this was also the case for EUR/USD and EUR/GBP. However, for both cross rates there are important events on the calendar today. In the UK, the next BOE governor, Carney, will give his view on monetary policy before Parliament. At the... READ
GBP/USD - 1.5673 Original strategy : Sell at 1.5740, Target: 1.5640, Stop: 1.5775 Target: - New strategy : ... Are you interested? READ MORE
The Asian trading showed limited enthusiasm overnight. The Japanese machine orders declined to 2.8% m/m (vs. previous 3.9%), and -3.4% y/y (vs. previous 0.3%) in December. The Nikkei 225 retreated 0.9%, Hang Seng lost 0.4%, while Shanghai’s Composite and Kospi index declined 0.7% and 0.2% respe...
The common currency's mighty arsenal was breached with the start of bank week, but the euro might get the backup it needs from the European Central Bank after the Governing Council publishes its interest rate decision on Thursday. Markets continue to pounder whether the ECB's Chief Mario Draghi can
Recent disagreement between Germany and France over the euro’s exchange rate has fueled concerns about stability in the euro zone, as having a stronger euro puts the block in a position of weakness in terms of growth, jobs and exports.... READ MORE
Policy makers at the Bank of England meet for third time to announce the interest decision after British Finance Minister George Osborne surprisingly chose Canada`s central bank governor to succeed Sir Mervyn King as the next chief of the 318-year-old bank.... READ MORE
The pair is expected to find support at 93.13, and a fall through could take it to the next support level of 92.79. The pair is expected to find its first resistance at 93.93, and a rise through could take it to the next resistance level of 94.40.... READ MORE