GBP/USD: 1.4075 may see a base – RBS

FXStreet (Delhi) – Dmytro Bondar, Technical Analyst at RBS, suggests that Cable downside may be limited from the current levels and 1.4075 may see a base, as inverted H&S triggered and support remains intact.Key Quotes“This view has been confirmed, as the pair failed to break below 1.4075 Fibonacci swing extension and formed an inverted Head and Shoulders pattern (and accomplished a return move to the neckline level) targeting 1.4547 on to 1.4657.Therefore, I like loading tactical longs to 1.4547 on to 1.4657 stopping on a close below 1.4180 (right shoulder level = risk level).”RES: 1.4451 1.4547 1.4557
SUP: 1.4326 1.4255 1.4180Dmytro Bondar, Technical Analyst at RBS, suggests that Cable downside may be limited from the current levels and 1.4075 may see a base, as inverted H&S triggered and support remains intact.

(Market News Provided by FXstreet)Запись GBP/USD: 1.4075 may see a base – RBS впервые появилась Forex.

GBP/USD: 1.4075 may see a base – RBS

FXStreet (Delhi) – Dmytro Bondar, Technical Analyst at RBS, suggests that Cable downside may be limited from the current levels and 1.4075 may see a base, as inverted H&S triggered and support remains intact.Key Quotes“This view has been confirmed, as the pair failed to break below 1.4075 Fibonacci swing extension and formed an inverted Head and Shoulders pattern (and accomplished a return move to the neckline level) targeting 1.4547 on to 1.4657.Therefore, I like loading tactical longs to 1.4547 on to 1.4657 stopping on a close below 1.4180 (right shoulder level = risk level).”RES: 1.4451 1.4547 1.4557
SUP: 1.4326 1.4255 1.4180Dmytro Bondar, Technical Analyst at RBS, suggests that Cable downside may be limited from the current levels and 1.4075 may see a base, as inverted H&S triggered and support remains intact.

(Market News Provided by FXstreet)Запись GBP/USD: 1.4075 may see a base – RBS впервые появилась Forex.

BoJ: How far is too far? – ANZ

FXStreet (Delhi) – Research Team at ANZ, notes that the BoJ surprised at the end of last week by announcing it would adopt a negative discount rate. Key Quotes“The BoJ called it “adding another dimension” to its policy tool box, which now has three dimensions: quantity (money base increase at JPY 80trn per annum); quality (asset purchases – principally JPY 80trn/per annum JGBs, also JREIT and ETFs); and now, negative rates. The two main reasons why the BoJ has done this are: first to force financial institutions to either lend out or invest in risky assets any money that they receive from selling JGBs to the BoJ under the QQE, and second, to extend the life of its current easing policy given its inflation goal is proving elusive. On the last count the BoJ highlighted growing downside risks to both the outlook for growth and inflation from the recent financial market turmoil. The backdrop for the latter has been the sharp drop in oil prices and uncertainty over EM growth prospects particularly China.We would also add that wage dynamics are not going its way. In particular, wage increases are not showing enough of a pick up to generate 2% inflation on a sustained basis. Last year Kuroda indicated that he would be prepared to act pre-emptively if wages did not increase more solidly. Financial markets took it as a shot in the arm that central banks are not finished yet and in the same vein as the ECB are willing to do “whatever it takes”. Equities markets surged 2- 3%, sovereign bond rallied with 10-yields falling 6-12.5bps and commodity markets bounced.”Research Team at ANZ, notes that the BoJ surprised at the end of last week by announcing it would adopt a negative discount rate. (Market News Provided by FXstreet)Запись BoJ: How far is too far? – ANZ впервые появилась Forex.

Oil futures drop for third session on rising crude stocks, oversupply

U.S. crude, also known as West Texas Intermediate (WTI), fell 15 cents to … causing the spread between prompt and forward U.S. crude oil futures to …Запись Oil futures drop for third session on rising crude stocks, oversupply впервые появилась crude-oil.top.

Elliott wave analysis of EUR/NZD for February 3, 2016

Wave summary:EUR/NZD has taken a position from where a strong rally through 1.7007 and more importantly a breakout above 1.7271 can be seen anytime now. But this scenario needs support at 1.6564 to protect the downside for a breakout above minor resist…Запись Elliott wave analysis of EUR/NZD for February 3, 2016 впервые появилась Forex.

Elliott wave analysis of EUR/NZD for February 3, 2016

Wave summary:EUR/NZD has taken a position from where a strong rally through 1.7007 and more importantly a breakout above 1.7271 can be seen anytime now. But this scenario needs support at 1.6564 to protect the downside for a breakout above minor resist…Запись Elliott wave analysis of EUR/NZD for February 3, 2016 впервые появилась Forex.

Elliott wave analysis of EUR/JPY for February 3, 2016

Wave summary;As the resistance line at 141.04 has protected the upside and turned prices lower, we still have two possible scenarios in play.The first shows that a very complex corrective pattern is still unfolding for an orthodox top at 145.69 and si…Запись Elliott wave analysis of EUR/JPY for February 3, 2016 впервые появилась Forex.

Gold capped below $ 1130, despite risk-aversion

FXStreet (Mumbai) – Gold futures on Comex continue to remain on the bids for the third consecutive session as the bulls remain supported by the underlying risk-off theme extending into Asia.Gold stays well above 5-DMA Currently, gold trades 0.13% highe…Запись Gold capped below $ 1130, despite risk-aversion впервые появилась Forex.The post Gold capped below $ 1130, despite risk-aversion appeared first on Forex.

Elliott wave analysis of EUR/NZD for February 3, 2016

Wave summary:EUR/NZD has taken a position from where a strong rally through 1.7007 and more importantly a breakout above 1.7271 can be seen anytime now. But this scenario needs support at 1.6564 to protect the downside for a breakout above minor resist…Запись Elliott wave analysis of EUR/NZD for February 3, 2016 впервые появилась Forex.