USD/JPY ends week higher and far from lows

FXStreet (Córdoba) – USD/JPY not only erased losses but is about to end the week with a gain of almost 200 pips. The pair during the week reached the lowest level in a year at 115.94 but then reversed sharply and near the end of trading is holding near 119.00. The pair peaked on Friday, during the American session at 118.79, the highest level in two weeks. It was holding near the top, still with bullish momentum, supported by a recovery in stocks and by the US dollar. Greenback strengthened in the currency market during the second half of the day. USD/JPY bottomed? The US dollar not only rose sharply from the lows but also broke last week highs and climbed above the 20-day moving average. From a technical perspective, a short-term bottom could have been reached. The main trend continues to favor the yen and the USD/JPY could face strong resistance around current levels, that during most of last year worked as a support area. For the pair to recover or to avoid falling into new lows it may need that risk appetite remains in place or at least that equities and crude oil consolidate in the coming days. So far the correction that took place during Thursday and Friday across financial markets was not based on an improvement in global fundamentals. USD/JPY not only erased losses but is about to end the week with a gain of almost 200 pips. The pair during the week reached the lowest level in a year at 115.94 but then reversed sharply and near the end of trading is holding near 119.00.

(Market News Provided by FXstreet)Запись USD/JPY ends week higher and far from lows впервые появилась Forex.

EM’s rally but is it sustainable? – BBH

FXStreet (Guatemala) – Analysts at Brown Brothers Harriman explained that EM is enjoying a nice bounce to end the week. Key Quotes:”Surging oil is one factor, while further ECB (and potentially BOJ) stimulus is another. The Fed tightening, while still …Запись EM’s rally but is it sustainable? – BBH впервые появилась Forex.

EUR/CHF ends week eyeing 1.10

FXStreet (Córdoba) – EUR/CHF rose for the fifth week in a row and posted the second highest weekly close in a year. The Swiss franc was the most affected currency after the European Central Bank meeting. When Mario Draghi mentioned that monetary policy will be reexamined in March, the euro and the Swissy plummeted in the market and CHF took the worst part. The pair moved all week in a range near monthly highs. It continues to face resistance below 1.1000 and remains supported above 1.0900. EUR/CHF attempting go hold above 1.0950

The euro rose on Friday and peaked at 1.0988, hitting the highest level since September but then pulled back modestly. It is about to post the first daily close above 1.0950 in months, signaling a possible continuation of the rally. But in order to open the doors fro more gains EUR/CHF needs to break 1.1000 and hold above. The mentioned area, capped the upside during 2015 (after the SNB shock) and from there the pair stated a bearish correction. The euro is pointing toward 1.1000 but is not clear if it will be able to break it. EUR/CHF rose for the fifth week in a row and posted the second highest weekly close in a year. The Swiss franc was the most affected currency after the European Central Bank meeting. When Mario Draghi mentioned that monetary policy will be reexamined in March, the euro and the Swissy plummeted in the market and CHF took the worst part.

(Market News Provided by FXstreet)Запись EUR/CHF ends week eyeing 1.10 впервые появилась Forex.

GBP/USD on a minor recovery through 50 4hr sma

FXStreet (Guatemala) – GBP/USD is currently trading at 1.4330 with a high of 1.4361 and a low of 1.4203.There were reversals across the board at the end of this week and sterling was in the mix on a recovery from 1.4078 with a break of the 50 sma on the 4hr sticks. The better risk mood is benefiting the pound, despite the less bullish outlook in the economy and Brixit fears. GBP/USD reversesThe pound got a lift earlier this week when the UK labour market report showed another drop in the unemployment rate to 5.1% from 5.2%. However, earnings were more of a mixed picture. Today, retail sales ex‐autos fell 0.9% in December, and analysts at Scotiabank explained that this was well below the –0.3% consensus call, but likely due partly to adverse weather in the UK recently. GBP/USD levelsThe analysts at Scotiabank explained that GBP/USD short‐term technicals were neutral/bullish and cable is trying to base and given today’s highs at 1.4364 and there notion that 1.4270 was key, they are looking for the 1.44 handle. “The strong bear trend evident in recent weeks remains intact, but the pound is trying to pull a little higher at least. We think gains through 1.4270/75 may allow for GBP/USD to recover to the 1.44 area in the next week or two.”GBP/USD is currently trading at 1.4330 with a high of 1.4361 and a low of 1.4203.

(Market News Provided by FXstreet)Запись GBP/USD on a minor recovery through 50 4hr sma впервые появилась Forex.

Technical analysis of USD/CHF for January 22, 2016

The USD/CHF pair is likely to advance further. The intraday technical picture of USD/CHF is positive now after yesterday’s strong rebound. A support base around 1.0065 has been formed, which suggests stabilization. Besides, a bullish cross has been ide…Запись Technical analysis of USD/CHF for January 22, 2016 впервые появилась Forex.

Technical analysis of USD/JPY for January 22, 2016

The USD/JPY pair is expected to trade in higher range. Overnight major U.S. stock indexes rallied thanks to rebound of oil prices and ECB President Mario Draghi’s comments hinting at more easing for Europe. Apart from energy shares, shares in consumer …Запись Technical analysis of USD/JPY for January 22, 2016 впервые появилась Forex.

UK GDP to confirm economy on track? – TDS

FXStreet (Guatemala) – Analysts at TD Securities offered their outlook for next week’s key UK data.Key Quotes:”We see balanced risks around the fourth quarter’s GDP print, with consensus and us both looking for an increase of 0.5% q/q. While the rotation of demand remains choppy (weak manufacturing, strong services), overall growth is still healthy and points to an economy that continues to gradually move back towards trend.”Analysts at TD Securities offered their outlook for next week’s key UK data. (Market News Provided by FXstreet)Запись UK GDP to confirm economy on track? – TDS впервые появилась Forex.

S&P upgrades Greece to B- from CCC+; outlook stable

FXStreet (Córdoba) – Rating agency Standard & Poor’s decided to upgrade Greece to B- from CCC+ on Friday, keeping a stable outlook.S&P cited progress in reforms, such as cutting costs and recapitalizing banks. The agency said that Greek government is “broadly complying” with the terms of its €86-billion financial rescue program.S&P expects Greek economy is for one more year of essentially flat growth, followed by a more robust recovery.Rating agency Standard & Poor’s decided to upgrade Greece to B- from CCC+ on Friday, keeping a stable outlook. (Market News Provided by FXstreet)Запись S&P upgrades Greece to B- from CCC+; outlook stable впервые появилась Forex.

Technical analysis of GBP/JPY for January 22, 2016

GBP/JPY is expected to trade in a higher range. The pair is reversing up and stands above its key support at 167.80. The 20-period moving average has just crossed above the 50-period one. Further upside is therefore expected with the next horizontal re…Запись Technical analysis of GBP/JPY for January 22, 2016 впервые появилась Forex.

EUR/USD still has limited downside – Rabobank

FXStreet (Guatemala) – Analysts at Rabobank explained that it is not often that a central bank manages to deliver a significant easing of monetary conditions through an as expected steady policy announcement but, by knocking the EUR significantly lower with promises of more policy stimulation, ECB President Draghi this week managed just that. Key Quotes:”It is not the first time that Draghi has manipulated markets with little more than words and promises. Between the middle of 2014 and early last year Draghi had presided over a substantial weakening in the value of the EUR as he whipped the markets into a frenzy of anticipation ahead of the introduction of QE. “”A weaker EUR would clearly be a useful tool in the ECB’s efforts to restore inflation back towards its target and to reduce the risk that expectations of near zero inflation become entrenched in the Eurozone. However, for the past ten or so months the EUR has been reluctant to give up ground. Although we see potential for EUR/USD to trend lower this year, we also see the downside as limited.”Analysts at Rabobank explained that it is not often that a central bank manages to deliver a significant easing of monetary conditions through an as expected steady policy announcement but, by knocking the EUR significantly lower with promises of more policy stimulation, ECB President Draghi this week managed just that.

(Market News Provided by FXstreet)Запись EUR/USD still has limited downside – Rabobank впервые появилась Forex.