By Felipe Erazo
AUD/USD fell steeply to the level of $0.9331, where the pair found support and now, AUD/USD is trying to make a retracement. It is very likely that this pair rise to the resistance level of $0.9437, where is located the 61.8 Fibo level. AUD/USD could find strong resistance at that level and then continue with the fall would help strengthen the overall bearish bias.
AUD/USD is above the 500 EMA (red line), so this pair would have to make a breakout in the support level of 0.9315...
By FBS analysts Elizaveta Belugina and Kira Iukhtenko
As expected, the past week brought greater volatility to EUR/USD. The bulls once again failed to sustain the move above the 200-day MA.
British pound had another positive week even despite the overbought market conditions.
The USD/JPY pair had a positive week, jumping from the 101.20 support area to 102.20.
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- ECB expects rates to stay low for a prolonged time period. All the ECB members support the unconventional policy measures if needed
- Economic risks remain on the downside
- Price risks are balanced in the medium term
- From January 2015 ECB meetings will take place every 6 weeks. What’s more. ECB will publish monetary policy minutes.
Targeted long term refinancing operations (TLTRO)
- There will be 6 TLTRO’s running through June 2016
- TLTRO volume could be 1 trillion
By Mark Jensen
Today is a very intense day. At 12:30 GMT we’ll get a pile of very important economic data from the US (especially Non-Farm Payrolls) and the beginning of the ECB’s press conference.
Comparing these events, we must say that NFP is more likely to surprise the market. A reading a bit above 200K is expected. After the big ADP figure (+281K), many investors expect solid NFP as well. Still, you can never be certain with NFP and even the most informed economists often miss with...
Tatyana Norkina, FBS
The currency pair found support in the 101.40 area yesterday and recovered to 101.80. Growth continued in the Asian session – the bulls pushed to the 101.90 mark.
Ichimoku. Tenkan and Kijun lines formed a strong golden cross on the H4 chart. The lines keep on moving higher, pointing to the strength of the short-term trend. However, the 102 figure is seen as a strong resistance and could brake further growth.This will definitely cause a corrective move.
On the hourly chart...
Tatyana Norkina, FBS
The US dollar recovered some ground versus the Swiss franc following a decline to 0.8860. As we have already mentioned, the key support lies at 0.8850. We expect this level to be hit in the nearest future. The reasons are given below.
Ichimoku. We see from the H4 chart that the market is not oversold anymore. What's more, the horizontal Kijun-sen line is limiting the upside around 0.8890. The overall Ichimoku sentiment is bearish.
On the hourly chart the bullish positions...
Signals provided by Danske Bank
EUR/USD: Hold long from 1.3665 with a target of 1.3734 and a stop at 1.3635
USD/JPY: Went long from 101.70 with a target of 102.65 and a stop at 101.39
GBP/USD: Revised buy at 1.7120 with a target of 1.7230 and a stop at 1.7060
USD/CHF: Hold short from 0.8885 with a target of 0.8800 and a stop at 0.8922
AUD/USD: Possibly buy lower
USD/CAD: Sell at 1.0677 with a target at 1.0589 and a stop at 1.0732