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Forex Analysis.

Currency analysis list

24/02/2015

DANSKE BANK. Focus will be on Janet Yellen's semi-annual testimony at 16:00 CET in the Banking Committee of the Senate. Following dovish minutes but hawkish comments from Fed members after the la ... [more]

24/02/2015

According to analysts at Lloyds Bank, the USD remains mixed as we head into the key event of the day, that being Fed Chair Yellen’s testimony. The EURUSD remains securely within the current rang ... [more]

23/02/2015

According to Michael Hewson, chief analyst at CMC Markets, The euro continues to find support above range support at 1.1270, with the larger key support at the 1.1205 level. Resistance remains near th ... [more]

23/02/2015

The EUR gained on Friday following the Greek debt agreement and EUR/USD bounced more than one figure from an intraday low of 1.1279 to currently around 1.1375. According to our estimation of the Greek ... [more]

20/02/2015

CMC MARKETS. EURUSD – The euro for the third day couldn’t surpass 1.1450, however it did close above the 21 day SMA. Probabilities seem evenly weighted for a challenge of either the top or ... [more]

19/02/2015

The US dollar fell after the minutes in which the Fed placed unusual emphasis on concerns over the bout of dollar strength. The minutes said that the strong dollar is “a persistent source of res ... [more]

18/02/2015

Analysts at Lloyds Bank noted: EUR/USD recovered from the lows yesterday despite Greek headlines suggesting an agreement is some way off with both sides refusing to back down.According to them, the re ... [more]

18/02/2015

Angus Campbell, Senior Analyst at FxPro said: Currency markets have been placid so far this week, in particular the euro which has been taking the negotiations between Greece and Germany in its stride ... [more]

18/02/2015

CMC MARKETS. The euro continues to be fairly well supported on dips finding support at 1.1320 earlier this week, we’ve seen a move towards 1.1450 but have still come up short of the highs this m ... [more]

18/02/2015

DANSKE BANK. Focus in FX markets remains on the SEK in the wake of last week’s Riksbank rate cut and QE announcement, which sent EUR/SEK close to 9.70 in the minutes post the decision.Since then ... [more]

17/02/2015

CMC MARKETS. After another failure above 1.1420 the EURUSD has slipped back finding support at 1.1320.While we remain above 1.1270 the risk remains for a move towards 1.1500 on a move through 1.1420. ... [more]

16/02/2015

With a US bank holiday today, there is very little on the data calendar. Instead the main focus will be on the Euro group meeting as talks between EU officials and Greece continue as they attempt to t ... [more]

16/02/2015

DANSKE BANK. IMM positioning data released on Friday revealed short-covering in the currencies with the largest notional outstanding in the report, namely EUR, JPY and GBP. This has consequently reduc ... [more]

13/02/2015

BK ASSET MANAGEMENT. While no deal was reached between the European Union and Greece at this week’s talks, euro traders were encouraged by the European Central Bank’s decision to extend an ... [more]

13/02/2015

BK ASSET MANAGEMENT. The U.S. dollar traded lower against most of the major currencies today on the back of weaker economic data. For our readers, this sell-off should be no surprise because in yester ... [more]

13/02/2015

CMC MARKETS. Our rebound towards 1.1535 in the EUR/USD could well be starting to build some momentum but we need to push through 1.1420 to reinforce this view. Range support remains down near 1.1270, ... [more]

12/02/2015

For GBP, the key focus will be the BoE Quarterly Inflation report. Another downward revision to the near-term CPI inflation outlook is widely expected. However, the market will be sensitive towards th ... [more]

12/02/2015

DANSKE BANK. The Riksbank meeting will take centre stage in the Scandi FX markets. Expectations ahead of the meeting are widely dispersed with some calling for a cut and/or QE measures. While the Riks ... [more]

12/02/2015

According to Michael Hewson, chief analyst at CMC Markets, the euro continues to remain under pressure, once again finding support at 1.1270, but remaining above the support at the 1.1205 level. The r ... [more]

11/02/2015

DANSKE BANK. Currency war or not, the G20 statement following this week's meeting in Istanbul blessed the ECB QE programme and noted that differences in economic conditions make divergent monetar ... [more]

11/02/2015

With such a lack of data we suspect FX will be mostly range bound or driven by technical factors, according to analysts at Lloyds Bank. Some thoughts and levels to watch by these experts:USDJPY decoup ... [more]

11/02/2015

CMC MARKETS. The euro continues to remain under pressure, once again finding support at 1.1270 yesterday, but remaining above the support at the 1.1205 level. The risk of a rebound towards 1.1535 rema ... [more]

11/02/2015

The biggest story today for the forex market and the financial community as whole was the sharp decline in oil. The recent volatility in crude is driving the market nuts and a continued focus on the c ... [more]

10/02/2015

CMC Markets. The euro continues to remain under pressure against the dollar, yesterday’s low at 1.1270 dipping below last week’s low but remaining above the support at the 1.1205 level. Th ... [more]

10/02/2015

DANSKE BANK. Yesterday's weekly sight deposit figures from the SNB suggested intervention dropped markedly last week. This suggests that while the SNB still seems to have a preference for interve ... [more]