forexanalytics (-1)(1)in #forex • 4 years agoFOMC Sinks The U.S. DollarUS DOLLAR RETREATS AFTER FOMC MEETING The US dollar sell-off resumed with form after the FOMC passed without incident causing US yields to remain almost unchanged. Having…forexanalytics (-1)(1)in #forex • 4 years agoFX Price Action: Beginning Or End Of The Punch?The recovery in equities that saw the S&P 500 set new record highs, the US raise $120 bln in coupon sales, and an ECB that promised to "significantly" boost bond purchases…forexanalytics (-1)(1)in #forex • 4 years agoEvent Packed Week On Tap: German, Dutch Elections; FOMC, BOE, BOJ MeetingsThe week ahead is one of the most event-packed weeks of the first quarter. There are elections and central bank meetings in addition to a series of high-frequency data that…forexanalytics (-1)(1)in #forex • 4 years agoFOMC Meeting Preview: Will Inflation Spook The Fed?Traders are still digesting the surprising outcome of Thursday’s ECB meeting, wherein the central bank announced that it would start purchasing bonds at a “significantly higher…forexanalytics (-1)(1)in #forex • 4 years agoEUR/USD: Rallied For 3 DaysThe EUR/USD Forex market on the daily chart rallied three days after a strong breakout below the Feb. 5 low. Yesterday is a Low1 sell signal bar, and the Nov. 4 low is a magnet…forexanalytics (-1)(1)in #forex • 4 years agoUSD/JPY, EUR/JPY And CAD/JPY Outlook NeutralUSD/JPY ranges from important resistance at 109.00/10 to first support at 108.30/20. EUR/JPY we wrote: holding above 129.45/55 is a buy signal targeting 129.85/95. A break…forexanalytics (-1)(1)in #forex • 4 years agoStocks And Bonds Tumbling Into The WeekendThe global capital markets are reversing hard into the weekend. Yesterday's rally lifted US benchmarks to a record high fizzled even though most Asia Pacific markets (with Hong…forexanalytics (-1)(1)in #forex • 4 years agoPound Slips On Soft U.K. DataThe British pound is in negative territory in the Friday session. Currently, GDP/USD is trading at 1.3920, down 0.51% on the day. GDP, MANUFACTURING PRODUCTION DECLINE The…forexanalytics (-1)(1)in #forex • 4 years agoECB Surprises With Faster Bond Buys, Euro UnfazedTo the market’s surprise, the European Central Bank announced plans to purchase bonds at a “significantly higher pace” over the next quarter. The decision was motivated by the…forexanalytics (-1)(1)in #forex • 4 years agoEUR/USD: Will It Continue Sideways?The EUR/USD forex market on the daily chart is reversing up from a sell climax at the bottom of a bear channel. Since there were 3 legs down, this is a wedge bottom reversal…forexanalytics (-1)(1)in #forex • 4 years agoGBP/JPY Channel In PlayBULLISH We are currently at 151.51 in a GBP/JPY channel. We have convergence in play for the up move. If we can break this resistance, we are looking for a move to the ATR…forexanalytics (-1)(1)in #forex • 4 years agoThe U.S. Dollar Edges LowerUS DOLLAR DIPS AS INFLATION CONCERNS EASE The easing of inflation fears on Wall Street overnight saw the US dollar continue to give up some of its recent gains, the dollar index…forexanalytics (-1)(1)in #forex • 4 years agoUnstoppable U.S. Support Packages Dooming DollarInvestors in the currency market are cautiously trying to gauge the effect of the new $1.9 trillion bailout package approved by U.S. lawmakers yesterday. Earlier in December, a…forexanalytics (-1)(1)in #forex • 4 years agoEUR/USD: What Is Of Importance In The ECB StatementWeaker-than-expected U.S. consumer price inflation data eased concerns about the U.S. economy overheating and drove the US dollar lower against most of its peers Wednesday. The…forexanalytics (-1)(1)in #forex • 4 years agoEUR/USD And USD/CAD Outlook NeutralEUR/USD tests first resistance at 1.1925/35 where a high for the day was expected yesterday. A break higher today is a buy signal targeting 1.1980/90. Holding first resistance…forexanalytics (-1)(1)in #forex • 4 years agoBig ECB Day Ahead: What To Expect For EuroThe U.S. dollar traded lower against most of the major currencies on Wednesday. According to the latest report, inflationary pressures are on the rise, but not as quickly as…forexanalytics (-1)(1)in #forex • 4 years agoEUR/USD Formed Bull ReversalThe EUR/USD Forex market on the daily chart formed a bull reversal bar yesterday in an extreme sell climax. It was caused by the bears taking profits. EUR/USD Daily Chart.…forexanalytics (-1)(1)in #forex • 4 years agoU.S. Dollar Falls On U.S. 3-Year Auction ResultsUS DOLLAR DIPS OVERNIGHT BUT RECOVERS IN ASIA The US 3-year bill auction achieved a desirable bid-to-cover ratio overnight, which was enough to turn sentiment away from the US…forexanalytics (-1)(1)in #forex • 4 years agoAUD/USD And NZD/USD Daily Outlook NeutralAUD/USD bounced from support at 7620/10 to our targets of 7655/65 and 23.6% Fibonacci resistance at 7710/20 & as predicted we topped exactly here. However eventually we are…forexanalytics (-1)(1)in #forex • 4 years agoGBP/USD: Blowoff Top Or Healthy Pullback?There are no two ways about it: GBP/USD bulls were on Cloud Nine in February. The currency pair, colloquially called “cable” for the transatlantic cable used to process…