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Trade view / 8 minutes agoDay tradeWednesday’s decline extended yesterday. This move took EURUSD to -new 12-year lows and maintained a hugging of the lower end of a falling Keltner channel. However with intraday sentiment oversold, the lows were not held and, coupled with positive divergence in Momentum indicators, the immediate outlook is counter trend bullish.Read the Trade View
Trade view / 12 minutes agoDay trade
Selling rallies continues to dominate AUDUSD sentimentThere has been some buying against the NZDr this morning, but this is signalled to be a temporary selling opportunity against the USDRead the Trade View
Article / 13 minutes ago
Market Open: Eurozone GDP & US nonfarm payroll data in focusEuropean markets are expected to open lower on Friday. Market participants will keep a tab on the Eurozone fourth-quarter economic growth data. Yesterday the European Central Bank raised its Eurozone gross domestic product outlook to 1.5%, 1.9% and 2.1% for the years 2015, 2016 and 2017, respectively. Moreover, the ECB president, Mario Draghi, announced that it would begin its bond-buying programme on March 9, 2015 and that it could extend beyond September 2016. In the US, the main focus will be on the US nonfarm payrolls report and the unemployment rate.Read the article
Squawk / 20 minutes agoUSDJPY poised into #NFP for a more bullish signal
A robust recovery extension Thursday, as we had anticipated, after resilient consolidation in midweek above modest support in the 119.25/12 area.
This reinforces the late February solid rally from form support at 118.66/61 (ahead of stronger foundations at 118.28/11) and leaves a bullish tone and risk of upside challenges.
We see an upside bias for 120.50; break here aims for 120.75/83, maybe 121.00.
But below 119.75 targets the 119.38/30 area, which we would look to try to hold.
A taster of the report above. To view the full USDJPY report with screencasts, levels and more, click here http://t.co/rx9DlYCHG8
See our FX and all other reports here http://ow.ly/K01AD
Article / 58 minutes ago
3 Numbers: NFP set to rise, German industry, US trade balanceRight between the yesterday's ECB-meeting and next Monday's Eurogroup-meeting comes US data, as February's employment report could give us the reasons for the Fed to signal a rate hike on March 18. Meanwhile the US trade balance has deteriorated due to the stronger dollar, and the German industrial product shows some signs that an uptrend could be in the cards - but not quite yet.Read the article
Editor’s Picks / 3 hours ago
USD poised to rise on jobs data, Nikkei hits 15-year highReutersThe USD held pole position in Asia on Friday as bulls wagered a looming US jobs report would add to the chance of rate hikes there, even as the European Central Bank embarks on a trillion euro campaign of bond-buying. The same balance of risks kept most equity investors cautious with MSCI's broadest index of Asia-Pacific shares outside Japan up a slim 0.2%. Australia's main index, the ASX dipped 0.4%, while Shanghai edged up 0.2%. The major exception was Japan's Nikkei .N225 which gained 1% to a fresh 15-year top after the yen weakened on the dollar. Analysts polled by Reuters expect US payrolls to have increased 240,000 last month and the jobless rate to have ticked down to 5.6% from 5.7%. The recent run of US economic news has been mixed at best, leading analysts to steadily downgrade forecasts for growth this quarter.Read article on Reuters
Article / 3 hours ago
ECB forecasts look promising but more QE is possibleInflation-linked bonds are on the ECB’s buying menu as well as standard issues. As the break-even rate is the spread between them, being in the market for both will give the ECB the opportunity to nudge market-based measurements of inflation expectations in the right directionRead the article
Trade view / 4 hours agoShort term
AUDUSD consolidating ahead of a fallResistance is at .7820/.7835, 7860 max. Support lies at .7750, which once broken yields .7625 en route to new lows.Read the Trade View
Article / 7 hours ago
Today's Trade: Iron ore price hits miners, banks up on ECB QEThe Australian market opened choppy today as different influences played on different parts of the market. The banks are enjoying the QE-inspired strength from overseas markets, but iron ore players are watching as the spot price declines.Read the article
Squawk / Yesterday at 20:17 GMTGBP USD sell limit 1.5278 t/p 1.5178