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Forex Analysis.

Currency analysis list

03/12/2014

CMC MARKETS. EURUSD – the pressure on the downside remains while below trend line resistance at 1.2520 from the October highs at 1.2887 with the recent lows at 1.2355 the key support. While abov ... [more]

02/12/2014

DANSKE BANK. We expect the ECB to remain on hold in December as it waits for the take-up at the TLTRO auction in mid-December. Nevertheless, we expect Draghi to sound as dovish as he can without actua ... [more]

02/12/2014

ALPARI UK. European and US markets could well be in for a quieter session today after yesterday’s volatility as the economic calendar is looking a little light of any real data from Europe or th ... [more]

01/12/2014

ALPARI UK. The week has got off to a slightly negative start on Monday as some less than pleasing PMI readings from the eurozone and China adds to global growth concerns in 2015.The latest official ma ... [more]

01/12/2014

FXTM. EUR/USD: The upcoming week is going to be a volatile one for the pair, with the ECB under pressure to introduce further stimulus on Thursday. While the Euro found reprieve from Dollar profit-tak ... [more]

28/11/2014

Jameel Ahmad, Chief Market Analyst for FXTM said: “In line with expectations, the currencies that are impacted from declining commodity prices were the ones that really felt the pinch following ... [more]

27/11/2014

CMC Markets. EURUSD – having held above 1.2450 we now need to take out trend line resistance at 1.2540 from the October highs at 1.2887 to signal further gains towards 1.2600. A move below 1.245 ... [more]

27/11/2014

DANSKE BANKS. US markets are closed due to Thanksgiving.The OPEC meets in Vienna today. Whether or not it will cut its output target to curb the downward pressure on oil prices looks to be a close cal ... [more]

26/11/2014

CMC MARKETS. We continue to hold above the 1.2355 level and previous lows this month and as such remain susceptible to another squeeze higher in the EUR/USD. We need to move below 1.2350 level to targ ... [more]

26/11/2014

ALPARI UK. European markets are expected to move higher this morning, following a largely positive session overnight in Asia. The inability of the US markets to reach fresh highs did little to dampen ... [more]

25/11/2014

DANSKE BANK. The EUR bounced back yesterday and appreciated against all G10 currencies with the exception of the two Scandies, NOK and SEK, on the better-than-expected German Ifo data. It was the firs ... [more]

25/11/2014

ALPARI UK. A cautious yet positive start to the day is expected for the European markets today, following the establishment of record highs in the US and a largely positive session overnight in Asia. ... [more]

25/11/2014

CMC MARKETS. EURUSD – we managed to hold above the 1.2355 level and previous lows this month and as such remain susceptible to another squeeze higher. We need to move below 1.2350 level to targe ... [more]

24/11/2014

Danske bank. German IFO expectations are expected to show signs of improvement. We forecast an increase for the first time since April. The ZEW expectations increased for the first time in 10 months i ... [more]

24/11/2014

CMC MARKETS. EURUSD – so much for that break higher, the euro slid sharply on Friday and looks set for a move down towards the 1.2040 level, having fallen below the 1.2400 level. If we can conso ... [more]

21/11/2014

CMC MARKETS. EURUSD – the euro still feels like we could well be set for a break higher. A concerted break above the 1.2580 area, through 1.2600 could well see a move towards the 1.2800 level. T ... [more]

19/11/2014

FXTM. “Overall, it really wouldn’t surprise me if the FOMC Minutes release showed greater anxiety over the global economic recovery, especially given the recent focus of the G-20 summit wa ... [more]

19/11/2014

Strong buying interest in USD/JPY recently has been spilling over to the AUD/USD exchange rate, noted analysts at Rabobank. On a 1 day view, the AUD is the worst performing developed world currency an ... [more]

19/11/2014

DANSKE BANK. Today's most interesting event are the minutes from the FOMC meeting on 29 October, when the Fed turned more hawkish on the labour market saying that the underutilisation of labour r ... [more]

18/11/2014

FXTM. Aside from investors closing positions on the Dollar, the Cable continues to look bearish with the pair already softening by as many as a further 120 pips on Monday following Barclays and HSBC p ... [more]

17/11/2014

Technical analysts at Digital Look pointed out on Monday that the slight gains in the euro/dollar over the last three sessions had little meaning when looking at the chart.“It's a timid bou ... [more]

17/11/2014

FXTM. EUR/USD: “…the Eurodollar is continuing to trade in the same bearish direction it has done for months, with there being no indications this will conclude anytime soon. The 1.2570 pr ... [more]

17/11/2014

ALPARI UK. The trading week got off to a woeful start in Asia overnight as news that Japan contracted by 0.4% in the third quarter, leaving the country in a technical recession, drove the Nikkei to ne ... [more]

13/11/2014

MICHAEL HEWSON, CMC MARKETS. EURUSD – the euro continues to meander sideways between 1.2400 and 1.2500, with the recent 2 year low at 1.2358 keeping the prospect of a short squeeze on the table. ... [more]

13/11/2014

FXTM. Bank of England (BoE) Governor Mark Carney left quite an impression on Sterling bulls following the release of the Bank’s Inflation Report on Wednesday, with his less hawkish tone inspirin ... [more]