The Swiss National Bank shocked the markets with removing the 3 year+ old peg on EUR/CHF just one week before the ECB decision. That alone may be enough to show that they just cannot stay alone on the euro bid in the face of a massive downturn. Actions speak strong and are already felt in the markets. In … “3 hints from the SNB that ECB QE is going”
Category: Opinions
5 Most Predictable Currency Pairs- Q1 2015
Some currency pairs slow down when they approach a strong line of support or resistance, and follow by bouncing back within the range. If momentum is significant, these type of currency pairs will make the break without looking back. These are the more predictable currency pairs. However, not all currency pairs enjoy this kind of technical … “5 Most Predictable Currency Pairs- Q1 2015”
SNB Action Hints At A Steady EUR/USD Drop From Here
The comments regarding the shock SNB move to remove the cap continue flowing. And yet again, this certainly has implications for the euro and the ECB decision next week. The team at Danske explains why the SNB move could hint at the next moves down for EUR/USD: Here is their view, courtesy of eFXnews: The … “SNB Action Hints At A Steady EUR/USD Drop From Here”
What does the SNB know about ECB QE?
Nobody expects the Spanish Inquisition or the Swiss National Bank. The removal of the 1.20 floor under EUR/CHF was a huge shock that sent EUR/USD temporarily below 1.16, the franc surging across the bonds and even sent Swiss crosses off brokers’ systems. We are one week away from the all-important ECB decision that will probably … “What does the SNB know about ECB QE?”
EUR/USD: Wave-5 underway; USD/JPY: Bull Triangle? – Nomura
Both EUR/USD and USD/JPY are experiencing interesting patterns on their charts. Taking a technical look at both major pairs, the team at Nomura see more potential for the US dollar. Here is their view, courtesy of eFXnews: The down channel in EUR/USD is still in force from 1.26 and now there is strong resistance at 1.1864, notes … “EUR/USD: Wave-5 underway; USD/JPY: Bull Triangle? – Nomura”
6 reasons why AUD/USD long is the top trade for
The Australian dollar remains pressured in 2015 but has managed to avoid the 0.80 level so far. With a local and Chinese slowdown, bears seem to be in control. However, the team at Nordea has a different opinion and explains why the fate of AUD/USD could be very positive in 2015: Here is their view, courtesy … “6 reasons why AUD/USD long is the top trade for”
3 reasons to sell EUR/USD targeting 1.10 – Deutsche Bank
EUR/USD hit a double bottom and is holding on for now, but this may be only temporary. The specter of QE could push the single currency lower and make it “Draghed and Beaten”, says the team at Deutsche Bank, but this is certainly not the only reasons. Here are three reasons for a further downfall … “3 reasons to sell EUR/USD targeting 1.10 – Deutsche Bank”
AUD/USD: Trading the Australian jobs Jan 2015
Australian Employment Change, which is released monthly, provides a snapshot of the health of the Australian labor market. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are the details and 5 possible outcomes for AUD/USD. Published on Thursday at 00:30 GMT. Indicator Background Job creation is one … “AUD/USD: Trading the Australian jobs Jan 2015”
Why EUR Sell-Off Is Set To Extend Even If ECB
Some market analysts have cast doubts if the ECB will indeed push through with QE already at the January 22nd meeting. And if a 500 billion euro program is already priced it, the euro could bounce back up, right? Well, the team at HSBC offers a different view: seeing the euro fall even if Draghi doesn’t … “Why EUR Sell-Off Is Set To Extend Even If ECB”
USD/JPY: ABCDE Pattern; 55d AVG Key – Goldman Sachs
USD/JPY has been stuck in some kind of range of late, after a long period of gains. What do the technical levels say? The team at Goldman Sachs offers an in-depth technical analysis for the pair: Here is their view, courtesy of eFXnews: USD/JPY seems to be consolidating into the 4th wave of a sequence which … “USD/JPY: ABCDE Pattern; 55d AVG Key – Goldman Sachs”