Page 2 of 2 FirstFirst 12
Results 21 to 26 of 26

Thread: Daily Forex News

      
  1. #21
    Pips Are My Game
    Join Date
    Nov 2011
    Posts
    147
    Rep Power
    13

    Default Re: Daily Forex News

    Technical analysts at Barclays note that the pair USD/JPY tested the levels above the weekly Ichimoku Cloud and are now looking for confirmation of the bullish trend.

    The specialists claim that the greenback may add about 10% versus Japanese yen if it managed to close the month above 21-month MA at 80.90 yen. In this case American currency will climb to 88 yen.

  2. #22
    Pips Are My Game
    Join Date
    Nov 2011
    Posts
    147
    Rep Power
    13

    Default Re: Daily Forex News

    Today is the first day of EU economic summit. The meeting of the European leaders will be focused on the ways of reviving the region’s economy postponing the discussion of Europe’s financial-crisis firewall.

    Analysts at Mizuho Securities claim that the markets are still concerned about the future of the euro area. The specialists are bearish on EUR/USD expecting the pair to slide to $1.25 by June 30.

    The single currency dropped versus the greenback yesterday from nearly 3-month maximums in the $1.3480 area to the levels around $1.3315 after the ECB allotted 530 billion euro of cheap three-year credits to the European banks as investors were “buying on rumors, selling on facts”. Then euro was hit after the Fed’s Chairman Ben Bernanke didn’t signal another round of quantitative easing.

    Support for EUR/USD is currently situated at $1.3293 (100-day MA).

  3. #23
    Pips Are My Game
    Join Date
    Nov 2011
    Posts
    147
    Rep Power
    13

    Default Re: Daily Forex News

    According to the Confederation of British Industry, the gauge of retail sales growth improved from minus 22 in January to minus 2 in February (versus -17 forecast).

    British pound declined by 1% versus the single currency since February 21, the day before Bank of England minutes showed two policy makers voted for a larger increase in asset purchases than agreed at this month’s meeting.

    Analysts at Citigroup think that now there’s a good chance to buy pound n the dips. The specialists advise traders to open shorts on EUR/GBP at 0.8473 targeting 0.8250 and stopping at 0.8555.

  4. #24
    Pips Are My Game
    Join Date
    Nov 2011
    Posts
    147
    Rep Power
    13

    Default Re: Daily Forex News

    Analysts at RBC Capital Markets claim that if the greenback manages to close today above 81.47 yen, its chances for sustained growth will significantly increase.

    The specialists think that resistance for USD/JPY lies at 82.21 and 83.09 yen.

    On the downside, if US currency closes the day below 80.02, its rate will decline to support at 79.31 and 78.23 yen.

  5. #25
    Pips Are My Game
    Join Date
    Nov 2011
    Posts
    147
    Rep Power
    13

    Default Re: Daily Forex News

    Analysts at Morgan Stanley raised forecast for the pair EUR/USD buy the end of March from $1.27 to $1.34.

    In their view, the short-term outlook for the single currency has improved as the ECB’s LTROs help to ease the tensions about the European sovereign debt and banking sector.

    At the same time, the specialists are still bearish on euro in the longer-term perspective. The bank reiterated that the pair will likely slide by the end of the year, though the projection was lifted a bit higher, from $1.15 to $1.19.

  6. #26
    Pips Are My Game LukeM's Avatar
    Join Date
    Dec 2011
    Posts
    104
    Rep Power
    0

    Default Re: Daily Forex News

    Rough. Not very good projections.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •