EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP

EURUSD continues to hold range, EURJPY eyes another test of key support, while EURGBP reclaims 0.8600.


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Sterling (GBP) Remains Stable Despite ’Difficult’ Brexit Talks

The British Pound continues to hold its own against a range of currencies despite little progression in the latest round of Brexit negotiations.


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CAD Price Continues to Fall Despite Rising Crude Oil Prices

A climbing crude oil price generally lifts the Canadian Dollar but for now the currency remains weak on political concerns and a dovish central bank.


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FTSE Technical Analysis – Back Near Confluent Resistance, Range to Persist

The FTSE bounced a bit the past few days, putting it back near resistance; range conditions seen as persisting.


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Crude Oil Analysis: Oil Underpinned by $65, Range Holds For Now

Brent crude futures are modestly firmer this morning with gains of 0.8% with yesterday’s stockpile build failing to dent prices.


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EURUSD, AUDUSD & AUDJPY Charts Remain Tilted Lower

The Euro remains on the sell list, joined by Aussie versus the Dollar and Japanese Yen; price patterns all point to continued weakness in the days ahead.


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USDJPY Price: Tight Trading Range Ahead of US NFPs

USDJPY volatility remains low ahead of the latest US Labor report but pivot point analysis shows areas of support and resistance inside the current tight range.


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ECB Meeting Preview: EUR Price to Rise if There is no Mention of TLTROs

Markets are poised for the ECB to signal a new round of Targeted Longer-Term Refinancing Operations. That means the risk is tilted towards a higher Euro if there is no reference to them.


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TLTROs – The ECB’s Other Stimulus Tool

The European Central Bank (ECB) needs to give the Euro-Zone economy a boost as growth continues to slow, while inflation slips further below target. A fresh round of TLTROs could well provide the reinvigorating shove that's required.


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Euro, Yen and Aussie Dollar May All Find Fuel in ECB Rate Decision

The impact of an ECB policy call setting the stage for more stimulus might reach past the Euro to broader sentiment trends, driving Yen and Australian Dollar volatility.


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Gold Prices May Struggle to Capitalize on Dovish ECB

Gold prices may struggle to capitalize on a dovish ECB policy decision if a subsequent drop in EUR/USD translates into a broadly stronger US Dollar.


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Asia Stocks Extend Declines. Euro Stoxx 50 Eyes ECB, Reversal Cues

The Nikkei 225 followed the S&P 500 lower while the pro-risk Australian and New Zealand Dollars were resilient. The ECB may boost Euro Stoxx 50, but technical cues hint otherwise.


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USD/BRL Technical Analysis: RSI Suggesting Near-Term Drop Coming

USD/BRL jumped on March 5, blasting through a key resistance at 3.8114. Negative RSI divergence suggests the pair will cool off in the short-term.


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USD/NOK Traders Watching Norway Industrial Production Data

USD/NOK traders will be eyeing the release of Norway’s industrial production data. Will the recent slump in economic performance prompt the central bank to postpone its intended rate hike?


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NZD/USD Technical Analysis: Five-Month Trend Support Under Fire

New Zealand Dollar is testing five-month countertrend support. A breach below the 0.67 figure may set the stage for resumption of the longer-term structural decline.


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Nikkei 225 Technical Analysis: Uptrend Shows Signs of Topping Out

The Nikkei 225 still looks quite comfortable in its uptrend, but signs of exhaustion appear to be growing more common on its daily chart.


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Euro Eyeing ECB Rate Decision, Commentary and Eurozone GDP

Euro traders will be watching tomorrow’s ECB rate decision and listening for key commentary from officials following the release of Eurozone GDP.


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Dow Groans Under Weak GDP Signals, Will ECB Trigger Same Volatility as BOC?

Fundamentals are starting to grow more serious and volatility is starting to show through. GDP took center stage this past session and monetary policy will make an appearance. Watch Euro for Loonie-like volatility and keep tabs on the Dow’s support.


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Australian Dollar Steady On Retail Sales Weakness, Trade Strength

The Australian Dollar was pulled in opposite directions by a feeble set of retail sales numbers released simultaneously with news of another strong trade surplus


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USDCAD May Extend Rise Post BoC, AUD/USD Eyes Australian Econ Data

USD/CAD may have more room to rise after a relatively dovish BoC rate decision. Asia stocks at risk after S&P 500 extends decline to a third day, AUD/USD eyes Australian economic data.


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