Recent market movements have created interesting patterns in both EUR/USD and GBP/USD. What are the next levels in both currency pairs? JP Morgan answers: Here is their view, courtesy of eFXnews: Having decisively broken key-Fib.-support at 1.2592 (minor 76.4 %), JP Morgan now sees the odds in favor of a straight resumption of the broader … “EUR/USD: 1.25 Key; GBP/USD: Inverted H&S Bottom – JP”
Month: November 2014
There is only one side to the stock market; and
November 1st 2014. With the S&P closing at an all-time high we need to consider the possibility that the buck and SPX are no longer correlated. For all of 2014 so far there have been two fundamental plays. 1) The Federal Reserve Board’s plan to taper the extraordinary liquidity programme and “normalise” monetary policy eventually … “There is only one side to the stock market; and”
Forex Crunch Key Metrics October 2014
The rise in market volatility seen in September continued into October, but somewhat faded in the middle of the month before making a comeback at the end. The result is a weaker month than September, but still the second best month ever for Forex Crunch. Will the end of QE in the US result in more … “Forex Crunch Key Metrics October 2014”
EUR/USD Into ECB: Range & Outlook – BTMU
The European Central Bank is set to make its penultimate decision of the year amid ongoing low inflation, or lowflation if you with. This is always a market moving event. What range can we expect for EUR/USD? What is the bias? Here is the view from BTMU Here is their view, courtesy of eFXnews: The following … “EUR/USD Into ECB: Range & Outlook – BTMU”
Massive Gains of Dollar After Fed & BoJ Monetary Decisions
The US dollar demonstrated a massive rally this week thanks to the monetary policy decision from the Federal Reserve and the Bank of Japan. Positive macroeconomic reports also played their part in the performance of the greenback. The Fed ended its quantitative easing program, in line with expectations of most market participants. Yet the accompanying statement was perceived to be more hawkish than had been expected, resulting in a big jump of the dollar. The rally was … “Massive Gains of Dollar After Fed & BoJ Monetary Decisions”
Mexican Peso Ends Trading with Losses
The Mexican peso ended the Friday’s trading session with losses as Brazil’s budget deficit widened to a record, increasing chances for a credit rating downgrade. The currency dropped even as the central bank refrained from an interest rate cut. The Bank of Mexico left its main interest rate at 3 percent yesterday, and analysts believe that the central bank will not change its monetary policy anytime soon. The central bank has a difficult … “Mexican Peso Ends Trading with Losses”
CAD Drops vs. USD as Economy Contracts
The Canadian dollar ended Friday with losses against its US counterpart as Canada’s economy unexpectedly contracted in August. At the same time, the loonie managed to end the session flat versus the euro and to jump against the Japanese yen. Canada’s gross domestic product shrank 0.1 percent in August, following no change in the previous month. It was a frustrating result for economists, who predicted another month of stagnation. And of course it is not … “CAD Drops vs. USD as Economy Contracts”