GAINSY Hottest Forecasts

http://www.gainsy.com/templates/sj_w.../icons/usd.png BOC Left Policy Rate at 1%, Economic Conditions Suggested Pause Would Prolong
(GAINSY Technical Analysis)

The Bank of Canada left the overnight rate at 1%, with the Bank Rate at 1.25% and the deposit rate at 0.75%. The policy statement was dovish as policymakers saw less urgency in rate hike than previously. The tone of the statement was similar to the previous one with the...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png ECB Preview: Draghi Turns Softer as Recovery Fails

We expect the Governing Council to discuss rate cuts as the projected euro area recovery has materialised only in Germany, while the rest of the euro area seems to remain in recession. German PMI has improved significantly since it bottomed in August 2012, while it has declined in France and...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Bank of England Preview: No QE this Time - But Still on the Table

Since July 2012, MPC policies have been unchanged with the last gilt bought in the Asset Purchase Facility (APF) in November. Together with the publication of the unchanged policy decision at the last meeting, the MPC sent out a statement communicating its view of the appropriate policy response to the...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png GBP and EUR Take a Dip Before Central Bank Meetings

There is an unusually large amount of uncertainty as we lead up to the ECB and BOE meetings tomorrow and it is being reflected in price action today. EURUSD and GBPUSD have been drifting lower throughout the London Session and were given another push lower by the ADP report that...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Bank of Canada Says Rates to Stay Low "for a Period of Time" But Eventual Withdrawal of Stimulus Still in the Cards

The Bank of Canada left the overnight rate unchanged at 1.00% at today's meeting and, although it altered the language in the forward-looking statement, maintained the directive that policy stimulus will be withdrawn in time. The statement now reads that "the considerable monetary policy stimulus currently in place will likely...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Bank of Canada Overnight Rate Unchanged

As expected, the Bank of Canada left its benchmark overnight rate unchanged at 1.00%. The Bank described the global economic outlook as "broadly consistent" with its projection. The recentsequestration cuts in the U.S. were cited as a factor making the fiscal dragon the U.S. more front-loaded, but still in-line with its...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: BoJ on Hold, BoE & ECB Watched
(GAINSY Technical Analysis)

USD is mildly firmer in a busy day with BoJ, BoE, and then ECB rate decisions. BoJ governor Shirakawa held his last meeting today and kept rates unchanged at 0-0.1% by unanimous vote. A board member proposed bringing forward open-ended JGB purchases but that was voted down by 8-1. Another...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Aussie Rally Fades On US USD Strength, Euro Looks Weak
(GAINSY Fundamental Analysis)

What a ride we are having in FX markets at the moment. The intraday volatility, short term trends then trend change must be doing traders heads in. After a breif 12-18 hours where the US dollar was a little weaker it took back the ascendancy again overnight knocking the Euro...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD Broadly Higher After Stronger Labor Data
(GAINSY Fundamental Analysis)

The USD is higher across the board after stronger US economic data. US treasury yields and equities are advancing as well. It is too early to say that the USD is no longer responding inversely to risk sentiment, however the improving fundamentals are playing an increasing role in USD strength...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png BOJ Keep Rates And Policies Unchanged
(GAINSY Fundamental Analysis)

Japanese economy notices a period of instability and uncertain outlook during the recent period amid the lifted challenges to end deflation threats in the world's third largest economy and reach the targeted 2% inflation rate, where BOJ decided to keep its monetary policies unchanged amid the new governor Mr. Kuroda....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Asia Session: Shirakawa Passes The Baton To Kuroda
(GAINSY Fundamental Analysis)

The BoJ's two-day policy meeting was largely a non-event for the market, with the bank holding off on further easing in light of an upcoming power handover. This was Shirakawa's last meeting as BoJ governor. At the bank's next meeting in April, it will be headed by former Asian Development...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CHF: Swiss Trading Higher In The Asian Session
(GAINSY Fundamental Analysis)

The pair is expected to find support at 0.9426, and a fall through could take it to the next support level of 0.9369. The pair is expected to find its first resistance at 0.9515, and a rise through could take it to the next resistance level of 0.9547....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CAD: Loonie Trading Tad Higher This Morning
(GAINSY Fundamental Analysis)

The pair is expected to find support at 1.0269, and a fall through could take it to the next support level of 1.0220. The pair is expected to find its first resistance at 1.0352, and a rise through could take it to the next resistance level of 1.0386....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png AUD/USD: Australia's Trade Deficit Unexpectedly Widens In January
(GAINSY Fundamental Analysis)

The pair is expected to find support at 1.0213, and a fall through could take it to the next support level of 1.0177. The pair is expected to find its first resistance at 1.0290, and a rise through could take it to the next resistance level of 1.0331....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/JPY: BoJ Maintains Its Interest Rate At 0.1%
(GAINSY Fundamental Analysis)

The pair is expected to find support at 93.31, and a fall through could take it to the next support level of 92.73. The pair is expected to find its first resistance at 94.30, and a rise through could take it to the next resistance level of 94.71....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: S&P Upgrades Portugal's Credit Rating; ECB Meeting In Focus
(GAINSY Fundamental Analysis)

The pair is expected to find support at 1.2948, and a fall through could take it to the next support level of 1.2903. The pair is expected to find its first resistance at 1.3055, and a rise through could take it to the next resistance level of 1.3117....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png GBP/USD: GBP Trading Marginally Higher In The Asian Session
(GAINSY Fundamental Analysis)

The pair is expected to find support at 1.4930, and a fall through could take it to the next support level of 1.4856. The pair is expected to find its first resistance at 1.5113, and a rise through could take it to the next resistance level of 1.5222....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png While Chance Of More QE Increases, Will BoE Move This Month?
(GAINSY Elliott Wave Analysis)

The Bank of England is facing one hectic decision on Thursday, however economists suggest it will hold policy for another month despite the dismal economic data and the downgrade of the U.K.`s much-prized sovereign credit rating two bank weeks ago....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD/JPY Surges on Jobless Claims, Euro & Sterling Recover after Central Banks on Hold
(GAINSY Technical Analysis)

After initial dip, Euro recovers against dollar on strong bond auction in Spain and as ECB left rates unchanged at 0.75%. Sterling also recovers against dollar after BoE stand pat. But the biggest mover is found is the Japanese yen which suffers another round of selloff in crosses. And, USD/JPY...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP – Sell at 0.8760
(GAINSY Elliott Wave Analysis)

EUR/GBP – 0.8707

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

Trend: Up

Original strategy :
Sell at 0.8720, Target: 0.8580, Stop: 0.8765

Target: -

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: USD/JPY – Buy at 93.20
(GAINSY Ichimoku Analysis)

USD/JPY – 94.37

Original strategy :
Buy at 93.20, Target: 94.45, Stop: 92.85

Target: -

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: GBP/USD – Buy at 1.5000
(GAINSY Ichimoku Analysis)

Despite intra-day intiial brief fall to 1.4965, as the British pound found support above there again in London and has recoiled, suggesting consolidation above this level would be seen and test of the Ichimoku cloud bottom (now at 1.5099) and possibly the upper Kumo (now at 1.5115) cannot be ruled out, however, fracture there is needed to signal a temporary low is formed and bring a stronger recoil to yesterday’s high of 1.5156 but reckon this bank week’s high of 1.5200 would hold from here. ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: USD/CHF – Buy again at 0.9405
(GAINSY Ichimoku Analysis)

USD/CHF - 0.9467

Original strategy :
Exit long entered at 0.9405

Long at 0.9405
Target: -

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png BoJ And BoC Kept Policy Rates Unchanged

The risk sentiment was mitigated overnight. As widely expected, the BoJ kept its policy rate unchanged at 0.10% however rejected the proposals for more easing and the immediate start of the open-ended asset purchases. March 1st data showed that Japanese investors sold JPY441.7B in foreign stocks, JPY885.4B in Foreign bonds,...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD Gains Across The Board

USD strength was the main theme in currency markets yesterday. It profited from more bullish eco data. Interestingly, stronger equities were less of a (negative) item for the dollar. Start of a new paradigm?...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png European Shares Nudge Higher Ahead ECB, BOE Policy Action

European shares kicked off Thursday's session in positive territories ahead of ECB and the BOE's key interest rate decisions later in the session, while corporate earnings continue to fuel cautious optimism across the European market....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png All Eyes On BoE And ECB

The Bank of Japan kept its policy rates unchanged at 0.10%, while rejecting more immediate quantitative easing. The Bank of Canada held the overnight rate at 1.00%, warning of a “considerable” withdrawal of the stimulus sometime afterwards. Now it is ECB and BoE's turns to lend their policy rates this...

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