Thursday, 7 March 2019

EUR/USD Searches for Support as ECB Prepares Another Round of TLTRO

EUR/USD searches for support following the European Central Bank (ECB) meeting, with the exchange rate taking out the 2018-low amid the dovish guidance for monetary policy.


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Tomorrow’s NFP Report to Spur Further USDCAD, EURUSD Volatility

Forex option traders have bid up USDCAD overnight implied volatility to its highest level since January 3 ahead of Friday's employment data release.


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US Household Net Worth Collapses by Nearly $4 Trillion

US Household Net Worth falls by most since the financial crisis to $104.3 Trillion at the end of 2018.


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USD/JPY Pulls Back Ahead of NFP Report on Fed’s Wait-and-See Guidance

USD/JPY struggles to hold its ground ahead of the Non-Farm Payrolls (NFP) report as a growing number of Fed officials defend the wait-and-see approach for monetary policy.


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USD/ZAR Has Biggest Monthly Gain Since August - More to Come?

USD/ZAR has been advancing in impulsive waves and correcting in partial retracements. The near-term pattern calls for higher levels.


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EURUSD, EURJPY: Euro Drops as ECB Announces Fresh Round of TLTRO’s

The European Central Bank announced a fresh round of TLTRO's this morning, and the Euro is dropping. But - can sellers finally break the three-month range in EURUSD?


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EURUSD Drops as ECB Announce TLTROs and Alters Rate Guidance

EURUSD fell 30pips to session lows of 1.1273 after the ECB announced that they will be delivering fresh stimulus in the form of TLTRO 111.


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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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Wednesday, 6 March 2019

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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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...