- Trade views
- Must reads
Saxo TV / 37 minutes agoEURUSD has continued to fall this Thursday ahead of a key ECB meeting. Saxo's John Hardy isn't convinced we'll see parity, at least not yet.
Editor’s Picks / 38 minutes ago
Beijing lowers growth targetBloombergChinese premier Li Keqiang has released a report stating that China's growth target has dropped to the lowest level in 15 years. According to Bloomberg's Kevin Hamiln, Beijing has lowered the key target from 7.5% to 7% in light of an ongoing property slump, disinflation and excess industrial capacity. The move reflects a period of consolidation as Beijing moves to rein in the excesses of its multi-decade expansion, including corruption and environmental degradation. The government's 7% target can be contrasted with the World Bank's estimate of 7.1% growth and the International Monetary Fund's forecast of 7.2%. According to Goldman Sachs analyst Jim O'Neill, the revision "is an acceptance of reality" and confirms "the desire for quality over quantity".Read article on Bloomberg
Squawk / 1 hour agoGold: Could it be 1300 soon !! :)
Squawk / 2 hours agoOur EURUSD Parity View for H1 2015 Reinforced into ECB
Another plunge lower to reinforce bear pressures from the the latter February downside range breakout through support at 1.1279/70 for a bearish trend continuation for March.
The break below the January cycle low at 1.1098 places EURUSD at an 11 year low and sees downside risks for this week, for March and into Q2.
Short-term - Downside Risks:
For mid-March we now see risk back to the psychological and option target at 1.1000.
For March, the risk is still maybe as low as the September 2003 key swing low at 1.0765.
Overshoot threat for the month is to 1.0503, the March 2003 swing low.
Longer-term - Downside Risks: As we have stated since last year, for 2015 (H1?), the threat is to PARITY and just below, .9900, the 78.6% retrace of the entire 2000-2008 bull rally.
A taster of the report above. View the full EURUSD report with screencasts and more http://t.co/JjvSn06K8r
See all our FX and other reports here http://t.co/8lg5g2HuCL
Article / 2 hours ago
Saxo Trade Navigator: Thursday, March 5March 5, 2015: The Saxo Trade Navigator provides you with daily technical insight into almost 200 instruments, ranging from FX to equities, commodities and bonds. With a host of various technical indicators such as pivot points, RSI and moving averages, the Saxo Trade Navigator can be used to spot daily trade ideas.Read the article
Trade view / 2 hours agoDay trade
Break of key average leaves USDCAD sentiment negativeDespite an Asian bounce, a second down day in a row for USDCAD yesterday and a close below the 13-day average leaves intraday signals for sentiment negative with scope to retest February's lows.Read the Trade View
Trade view / 3 hours agoDay trade
USDJPY pullback stalls, signals turn mildly bullishAn intraday Evening Star at this week’s high has signalled a temporary pullback, but the losses have stalled with prices remaining above Tuesday's low. Improving sentiment in Asia this morning has switched intraday signals back to cautiously positive.Read the Trade View
Article / 3 hours ago
Market Open: ECB meeting in spotlightEuropean markets are expected to open mixed Thursday as investors remained cautious ahead of the upcoming European Central Bank meeting for details of the central bank’s quantitative easing programme.Read the article
Article / 3 hours ago
Australian Market Wrap: S&P/ASX200 ends losing streak, retailers rallyThe consumer staples was the best performer today, rallying 1.34% and led by the listed grocery chain Woolworths. Materials performed poorly, and the nation's top two miners lost ground; shares in iron ore miner Rio Tinto tumbled by 2%. Meanwhile the department store chain and household name Myer was today’s overall winner in share price terms, with a healthy 4.05% rebound following a rough couple of days.Read the article
Squawk / 3 hours agoFX Options: EURUSD vols moving higher as spot takes out previous lows. Front part of the curve should stay bid into the ECB especially with spot at these levels. USDJPY vols also finding good support as the US payrolls now the main focus.