GAINSY Hottest Forecasts

USD/JPY: Machinery Orders In Japan Unexpectedly Rise In December

The pair is expected to find support at 93.13, and a fall through could take it to the next support level of 92.79. The pair is expected to find its first resistance at 93.93, and a rise through could take it to the next resistance level of 94.40....

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BoE Eyed, Carney About To Face Questions Over Future Policy

Policy makers at the Bank of England meet for third time to announce the interest decision after British Finance Minister George Osborne surprisingly chose Canada`s central bank governor to succeed Sir Mervyn King as the next chief of the 318-year-old bank....

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France And Germany Battle Over Euro

Recent disagreement between Germany and France over the euro’s exchange rate has fueled concerns about stability in the euro zone, as having a stronger euro puts the block in a position of weakness in terms of growth, jobs and exports....

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Will Draghi Fuel Euro Rally Again? Currencies Battle Continues!

The common currency's mighty arsenal was breached with the start of bank week, but the euro might get the backup it needs from the European Central Bank after the Governing Council publishes its interest rate decision on Thursday. Markets continue to pounder whether the ECB's Chief Mario Draghi can hold his...

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Focus On ECB And BOE Rates Announcements

The Asian trading showed limited enthusiasm overnight. The Japanese machine orders declined to 2.8% m/m (vs. previous 3.9%), and -3.4% y/y (vs. previous 0.3%) in December. The Nikkei 225 retreated 0.9%, Hang Seng lost 0.4%, while Shanghai’s Composite and Kospi index declined 0.7% and 0.2% respectively. In Australia, the unemployment...

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Forex Signal Update: GBP/USD – Sell at 1.5785

GBP/USD - 1.5673

Original strategy :
Sell at 1.5740, Target: 1.5640, Stop: 1.5775

Target: -
New strategy : ... Are you interested? READ MORE

Will Draghi Address The Strong Euro?

On Wednesday, most markets were in consolidation mode and this was also the case for EUR/USD and EUR/GBP. However, for both cross rates there are important events on the calendar today. In the UK, the next BOE governor, Carney, will give his view on monetary policy before Parliament. At the...

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Markets Eager For Draghi's Statement

The euro (EUR), is moving above 1.3535 versus the US dollar (USD) and it is shyly gaining some ground ahead of the European Central Bank’s (ECB) press conference later today. The consensus is that the rate should stay the same; however the ECB President’s comments could be critical in stirring...

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European Shares Mixed Ahead Of BoE, ECB Monetary Decision

European stocks were off to a mixed start on Thursday as investors cautiously stayed on the sidelines ahead of ECB and BOE’s key rate decisions, while modest gains among corporate earnings dominated trading sentiments across the region....

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The Market Doesn't Expect Any Change

On Thursday 7th February, the ECB is scheduled to announce its latest interest rate decision. The decision will be released at 1245 GMT/ 0745 ET. No change in interest rates or additional policy measures is expected. At 1330 GMT/ 0830 ET, the ECB President Mario Draghi will hold his monthly...

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U.K's Data Sparks Optimism Ahead Of BOE's Meeting

With focus mainly on the ECB and the BoE's rate decision due to be released later today, meanwhile latest fundamentals released by U.K was able to offer a brighter view for the economy. Figures from the ONS showed today that Industrial production grew unexpectedly by 1.1 percent in December following...

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Intraday Statement: Sterling Rebounds as Carney Talked Down Radical Changes to BoE Policies, ECB & BoE on Hold

Sterling recoils strongly against dollar and jumps against yen today after incoming BoE Governor Carney talked down chance of radical changes in the central banks' policy. In his testimony to UK parliament's Treasury Select Committee, Carney said that " flexible inflation targeting as practiced in both Canada and the...

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ECB Left Policy Rate Unchanged, Pledged to Monitor Euro's Strength

As widely anticipated, the ECB left the main refinancing rate unchanged and announced no new stimulus program. The overall tone of the statement, similar to the previous month, remained dovish. The central bank has clearly noticed the strength of the euro but President Draghi reiterated the position that it is...

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Elliott Wave Forecast: EUR/GBP – Target met and stand aside

EUR/GBP – 0.8555

Recent wave: v of wave 3 has possibly ended at 0.8067 but wave 4 should hold below 0.9050

Trend: Up

Original strategy :
Sold at 0.8675, met target: at 0.8565

Short at 0.8675
Target: - 0.8565

New strategy : ... Are you interested? READ MORE

Forex Signal Update: EUR/USD – Sell at 1.3515

Despite intra-day recoil to 1.3578, current sharp fall suggest the decline from 1.3711 has resumed and bearishness remains for retracement of recent upmove to 1.3439 (38.2% Fibonacci retracement of 1.2998-1.3711), then towards previous support at 1.3415, however, fracture of latter level is needed to retain downside bias for the aforesaid fall to bring a stronger correction to 1.3390-00 which is likely to hold from here due to oversold condition...

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Forex Signal Update: USD/CHF – Buy at 0.9105

Despite intra-day retreat to 0.9065-66, as the greenback has recoiled after holding above indicated support at 0.9059, suggesting further consolidation would be seen and test of yesterday’s high of 0.9150 is likely, however, fracture there is needed to revive our near term bullishness for retracement of recent decline to previous support at 0.9194, then towards 0.9223 (another previous support) but price should falter well below 0.9250, bring another decline...

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Forex Signal Wrap-up: EUR/USD – Sell at 1.3495

EUR/USD – 1.3410

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level :1.3487
Kijun-Sen level :1.3487
Ichimoku cloud top :1.3542
Ichimoku cloud bottom :1.3528

Original strategy :
Sell at 1.3515, Target: 1.3415, Stop: 1.3550

Target: -
New strategy : ... Are you interested? READ MORE

Forex Signal Wrap-up: USD/CHF – Buy at 0.9140

USD/CHF - 0.9179

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level :0.9123
Kijun-Sen level :0.9123
Ichimoku cloud top :0.9110
Ichimoku cloud bottom :0.9104

Original strategy :
Buy at 0.9105, Target: 0.9205, Stop: 0.9070


Target: -
New strategy : ... Are you interested? READ MORE

GBP Surge As Carney Signals BoE Shouldn't Add Stimulus

Sterling surged to a fresh intraday high after incoming Bank of England Governor Mark Carney hinted in his testimony to parliament that the BoE should refrain from more stimuli. The impact of the statement was surprising on sterling that surged to a fresh session high after a surprise change in...

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Can Monetary Policy Deliver?

The overnight trading session showed a limited enthusiasm as the attention shifts to ECB and BOE rate announcements today. In fact, the comments of Carney and Draghi are more in focus, rather than the policy rates widely expected to remain unchanged. Ahead of Draghi's press conference at 12:45 GMT,...

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