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Daily FX Market Roundup March 8, 2019Kathy Lien, Managing Director of FX Strategy for BK Asset Management.After falling sharply against the US dollar today, the euro is headed lower. Investors sold...
Hi traders,EUR/JPY made a sharp decline today, which we labelled as part of a higher degree wave iii), that can take price towards the 125.00/124.60 region in upcoming sessions. At the moment we see...
MyFXspot.com Trade Ideas EUR/USD: sell at 1.1300, take profit at 1.1100, stop-loss 1.1400 Market Overview The European Central Bank pushed out the timing of its first post-crisis rate hike until 2020....
The euro collapsed after the ECB warned it did not intend to consider a rate hike earlier than 2020, and also promised a new round of loans for banks at low interest rates. Earlier, the Bank promised...
The USD index is showing a positive trend. Since the beginning of the month, the USD strengthened against the basket of world currencies by more than 0.75%. The indicator is currently testing the...
EUR/USD is steady in the Thursday session, after remaining unchanged on Wednesday. Currently, the pair is trading at 1.1312, up 0.05% on the day. On today’s calendar, the highlight is the ECB...
AUD/USD managed to bounce off fresh three-month lows despite weak retail sales data. The pair extended losses to the lows near 0.7020, where it seems to have found some bids and turned positive on the...
AUD/JPY made a nice intra-day recovery from the 78.35 lows, indicating that minor wave iii) of three had ended, and that a new pullback is in play. We labelled this pullback as wave iv), which can...
After fielding a number of calls from clients on the path of Aussie rates and what it means for the AUD going forward. I have put this video together, which could help identify some key dates and what...
GBP/USD - GBP/JPY Daily Forecast - March 7, 2019 GBP/USD bounced to strong resistance at 1.3200/10. Shorts need stops above 1.3225. A break higher is a buy signal targeting 1.3255/60 and 1.3285. On...
USD/JPY - EUR/JPY Daily Forecast - March 7, 2019 USD/JPY try shorts on any bounce towards 112.10/20, with stops above 112.50. A break higher targets 112.85. Risks have increased to the downside now so...
The US dollar is higher against most major pairs on Wednesday. The Japanese yen is the outlier as a lack of fundamental data and an OECD global forecast cut lowered investor’s appetite for risk....
I’ve noted that in the hourly markets we are seeing limited Wave ii’s and Wave b/iii’s. I sense that we’re going to see further gains, but at some point we’re going to...
Daily FX Market Roundup March 7, 2019Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Thursday’s European Central Bank monetary policy announcement is the biggest event of...