GBP/USD hits fresh 57month low after weak UK earnings

Mar 18, 2015 09:53 am UTC| Technicals

GBP hit by weak UK earnings, 1.8% vs 2.2% forecast Pair plunges three-quarters-of-a-cent to 1.4674, lowest since June 2010 Bear targets at 1.45, 1.4228 (2010 low) 1.35 (2009...

USD/JPY stuck in narrow range ahead of FOMC

Mar 18, 2015 09:47 am UTC| Technicals

Pair has been trading in 121.23-121.41 range, contained by FOMC Bids by Japanese importer at 121.00; closest offers seen at 121.50 More bids deeper into the 120.00s; stops seen above 122.04 121.00 has the...

AUD/USD pressured pre-FOMC

Mar 18, 2015 09:40 am UTC| Technicals

Pair falls to 6-day low of 0.7591 pre-FOMC decision Could fall further to 0.75 if FOMC statementmore hawkish than expected 0.7561= last weeks 6yr low (Mar 11). 0.7731 = following rally...

USD/CAD floats below 2015 high

Mar 18, 2015 09:24 am UTC| Technicals

Traders went long at 1.2788 as the market continues to strengthen below 1.2824 Fresh 2015 high at 1.2824 posted last week Tenkan kijun lines are aligned positively, suggest bullish...

EUR/USD downtrend may resume on rate divergence

Mar 18, 2015 08:44 am UTC| Technicals

2 year US/Bund spread inching back out ahead of the FOMC Currently at 89.5bp. Trend wide was 92.7bp. Hit 85-86bp earlier this week Forex traders look distracted by major moves at the longer-end ACBs said...

USD/CHF could rise to 1.0220-40

Mar 18, 2015 08:33 am UTC| Technicals

Studies easing from overbought levels. 1.0128 high from Mar 12 still holds Pair sees scope for a rise to 1.0220-40 levels (pre Jan 15 breakdown low and 2015 high) Long stop at 1.0005 is risk free....

EUR/GBP likely to test 0.7220 levels

Mar 18, 2015 08:24 am UTC| Technicals

Pairmet headwindpre-0.7220 after squeezing of more shorts Tuesday 0.7220 is Mar 6 low/Mar 9 high 1.3850 in GBP/EUR Pair might break above 0.7220 if MPCminutes dovish. 9-0 rate vote forecast Resistance ...