- Wednesday, 16 March 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 17 March
After initial steadier European part of the session without no major data releases from Eurozone, euro was pushed above 1.12 handle in the course of the yesterday's session due to dovish Fed stanzas. As for tomorrow, markets are still likely to be influenced by Fed. Pair is likely to find some amount of support around 1.1150, initially, and 1.11 in extension, while area around 1.13 level, should offer some amount of resistance as this area is seen as a recent consolidation top. Read more...
- Wednesday, 16 March 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 17 March
There were no data releases from Eurozone yesterday, with pair spending a steadier European part of the session. The ECB and Mario Draghi has gone „all-in“ with a larger than expected policy easing package. But should inflation fail to respond, the ECB has few and less seasoned tools to work with. Especially considering the focus shift from weakening Euro to quantitative and credit easing.
Read more...- Tuesday, 15 March 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 16 March
It was an overall steadier session for euro yesterday, going back and forth with resistance above 1.1130 level and support around 1.1070 area. This is is mostly result of traders being cautious ahead of tomorrow's FOMC rate decision, but also, after huge incline last week it does not come as a surprise for a pair to consolidate a bit. With no major data releases from Eurozone tomorrow focus will be on US figures and in particularly FOMC. Pair is likely to find some amount of support around 1.10, initially, and 1.0950 in extension, while area around 1.12 level, should offer some amount of resistance as this area is seen as a recent consolidation top, but in a case of dovish stanzas we do not exclude break above 1.1250 area.
Read more...- Tuesday, 15 March 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 16 March
From Eurozone, yesterday, only minor importance Employment Change data was published. The number of persons employed increased by 0.3% in the euro area (EA19) and by 0.1% in the EU28 in the fourth quarter of 2015 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the third quarter of 2015, employment increased by 0.3% in both zones. Read more...