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Societe Generale ECB Preview

Given the last week’s flurry of positioning by key ECB policymakers, adding sovereign bond purchases to the ECB’s asset purchases is increasingly likely. If indeed we are right in our scenarios of lasting lowflation (with the recent oil price weakness likely to result in negative inflation next year) and a balance sheet expansion of only […]

EUR/USD – Large bids on the e-platforms at 1.23 by Milan Cutkovic

Talk of up to $500 million on the bid at 1.23 on the e-platforms Could be option-related, but no mention of barrier options at the moment The charts suggest not much support until 1.2250/60, which was where the pair hit a low mid-August 2012 before rallying to 1.31 The post EUR/USD – Large bids on […]

Goldman Sachs expects RBA to cut rates next year

Goldman Sachs have revised their RBA outlook after the weak GDP data. They now expect that the central bank will cut rates by 25bps in March and in August, bringing they main rate to 2.00 %. The post Goldman Sachs expects RBA to cut rates next year appeared first on www.forextell.com.

Swissie: watch the 0.975 level and ‘Handle’ TL by Mary McNamara

I noted earlier today how a new TC signal had triggered off the Swissie during Tuesday night whilst I was sleeping. I mentioned that I would only consider chasing this signal if the Swissie could manage to close above recent highs but price action is getting up close to that region as I type.  Swissie 4hr: price action […]

USDCHF: Now above the monthly cloud. Looking to accelerate? by Jim Langlands

USD/CHF: 0.9725 The dollar is higher again today as it continues its choppy consolidation below the 7 Nov 0.9741 high.The shorter term indicators appear to suggest that the dollar may now have the legs to head higher, where above 0.9741, the targets would be 0.9789 (29 May 2013 high) and eventually 0.9838 (22 May 2013 […]

Session Data for Wed Dec 03 (GMT-5:00 ET)

EURUSD: Back near important support ahead of tomorrows ECB meeting by Jim Langlands

EUR/USD: 1.2377 In the absence of any major news, the Euro has been sliding steadily lower, with little bounce, to sit at session lows at the end of the session, ahead of Thursday’s ECB meeting and it could be that this will continue given that several board members including Draghi, Constancio and Coeure have all […]

GBP/USD – Another Strong Bounce Off 1.5585 Unlikely

GBP/USD is slowly heading towards another test of the 1.5585/90 support area after the pair failed to sustain momentum above 1.57 It previously posted a triple bottom at 1.5585 It’s unlikely we’ll see another significant rally of this support area and I expect to see a breakout soon, which would pave the way for a […]

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