Weekly price was on bearish ranging market condition located within 1.0707 support and 1.1059 resistance level. Price broke 1.1059 resistance to above on Friday with the good breakout to be started on open bar: the 'reversal' Senkou Span line is going to be broken by the price to above for the possible reversal of the price movement from the primary bearish to the ranging bullish market condition. Chinkou Span line is breaking the price to above for the bullish breakout to be continuing in the near ...
Nothing To Fear Ahead Of Yellen And The Lunar New Year - Crédit Agricole What we’re watching USD – "Next week’s Congressional testimony by Fed Chair Yellen will be key in driving the USD and risk sentiment further. We do not expect a case of further falling rate expectations to be made here." SEK – "Although the Riksbank is likely to hold off from further easing next week, a dovish rhetoric should keep easing ...
Forex Weekly Outlook February 1-5 US ISM Manufacturing PMI, rate decision in Australia and the UK, Employment data from New Zealand, Canada and the US, including the all-important NFP release, Mark Carney speaks in London and Trade balance in Canada and the US. These are the main highlights for this week. Here is an outlook on these important events. US ISM Manufacturing PMI: Monday, 15:00. The manufacturing PMI continued ...
Week Ahead by Crédit Agricole: NFP, RBA, FX Wars, GBP Squeeze, Sell AUD, NZD Rallies "The calm maybe deceiving and the bulls maybe heading to a ‘China’ shop. Indeed, potential disappointments from the China PMIs could well halt the risk bounce in its tracks. Apart from the RBA, which may sound extra dovish just to keep AUD from bouncing further, there will not be many central bank speeches to sooth market nerves further.""We remain ...
Bank of America Merrill Lynch: Draghi boosts sentiment "Risk assets should outperform over the next 6 weeks as markets realize they may have overreacted in December. Still, the risk is that too much focus on the next meeting may lead to possible disappointment once again and continued volatility." the source