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SNB to turn More Hawkish in Monetary Policy
Despite recent positive economic data, the SNB will continue to leave the target range for 3-month LIBOR at 0-0.75, targeting to keep the rate at 0.25%, in March. The Monetary Policy Announcement will likely turn more hawkish with upgrades in both growth...
GBP/JPY Daily Outlook
As discussed before, GBP/JPY's recovery from 132.13 might have completed at 137.33 already. Intraday bias is cautiously on the downside for retesting 132.13 first. Break will confirm fall resumption to 61.8% projection of 143.59 to 132.13 from 137.33...
EUR/JPY Daily Outlook
As discussed before, EUR/JPY's recovery from 119.64 might have finished at 123.89 already. Intraday bias remains on cautiously on the downside for retesting 119.64 first. Break there will confirm fall resumption and should target 161.8% projection of...
EUR/GBP Daily Outlook
As disused before, EUR/GBP's retreat from 0.9137 might have completed at 0.8980 already. Intraday bias is cautiously on the upside. Break of 0.9137 will confirm that whole rise from 0.8601 has resumed and should target trend line resistance at 0.9213....
EUR/CHF Daily Outlook
At this point, we'd still favor more downside in EUR/CHF and expects the cross to crawl towards 1.4557 support next. On the upside above 1.4697 minor resistance will suggest that there is no clear direction in EUR/CHF yet. After all, even in case of stronger...
EUR/USD Daily Outlook
With 1.3530 minor support intact, EUR/USD's consolidation from 1.3443 is possibly still in progress. Nevertheless, even in case of another rise, upside is still expected to be limited by 1.3852 resistance to conclude the consolidation and bring fall resumption....
GBP/USD Daily Outlook
As discussed before, GBP/USD's recovery from 1.4783 might have completed at 1.5194 already after hitting 4 hours 55 EMA. Intraday bias remains on the downside for the moment and further fall should b seen to retest 1.4783 low first. Break there will confirm...
FX Technical Analysis
EURUSD Comment: Going nowhere, no doubt leaving the very many Euro-sellers frustrated. This chart has a potential 'rounded bottom' forming, and needs a close above the 26-day moving average at the very least to turn momentum bullish. We continue to watch...
USD/CHF Daily Outlook
With 1.0809 minor resistance intact, consolidations from 1.0897 is still in progress and another fall might be seen. Nevertheless, downside is expected to be contained by 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) and bring...