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Bank’s projections for the BoE’s meeting 2/2/2017 Goldman Sachs - bullish Analysts believe that the press conference, Inflation Report and MPC minutes should be hawkish, and, therefore, bullish for GBP. Morgan Stanley – bullish MS focuses on the BoE’s inflation report. There is a potential...

GBP/USD: another bullish "Pennant" 2/2/2017 We’ve got a “V-Bottom”, so the price is rising. Therefore, we should keep an eye on a resistance at 1.2674 – 1.2726 as a possible intraday target. Considering a possible pullback from this area, there’s a chance to have a decline towards a support...

EUR/USD: bulls going to test resistance 2/2/2017 Bears faced a support at 1.0719, so we’ve got a “V-Bottom” pattern, which pushed the price towards a resistance at 1.0774. Therefore, the market is likely going to test the next resistance at 1.0830 – 1.0850. If a pullback from this area...

Morning brief for February 2 2/2/2017 The US dollar dropped overnight as the Fed gave little fodder to change its pace of the US rate increases. Markets were somewhat disappointed with the statement and Treasury yields, so, the greenback had to reverse its hard-earned gains that had occurred...

EUR/USD: bulls are sweeping away all the hurdles 2/2/2017 On the EUR/USD daily chart, prices approached to the convergence zone located at 1.0818-1.0825. If it is broken out, there will be a corrective movement towards 1,093 (61.8% level of the last descending wave). As long as the euro is...

AUD/USD: shark doesn't leave Aussie alone 2/2/2017 On the AUD/USD daily chart, prices reached an important resistance at 0.7646 (78.6% of the last mid-term descending wave). If it is broken, the prices will continue their rally towards the target 88.6% in the Shark inverted pattern. On the...

AUD/NZD reversed from support area 2/1/2017 AUD/NZD reversed from support area Next buy target - 1.0500 AUD/NZD continues to rise after the earlier upward reversal from the support area allocated between the powerful support level 1.0360 (which stopped the previous waves (A) and (i)) and the...

EUR/USD broke resistance zone 2/1/2017 EUR/USD broke resistance zone Next buy target – 1.0850 EUR/USD recently broke the resistance zone lying between the resistance level 1.0770 (which stopped the previous minor corrective wave (a)) and the 38.2% Fibonacci retracement of the previous downward...

USD/JPY: bullish "High Wave" 2/1/2017 The lower “Window” has acted as a support again, so we’ve got a “Hammer” and an “Engulfing”. Therefore, the market is likely going to test the nearest resistance. If any bearish pattern arrives later on, there’ll be a chance to have another decline...

EUR/USD: "Window" going to act as a resistance 2/1/2017 We’ve got a possible “Piercing Line” on the lower “Window”. At the same time, there’s an “Advance Block” at the local high, so there’s an opportunity to have a local correction. However, bulls are likely going to test the upper “Window”...

EUR/USD: bulls going to deliver wave (v) of [c] 2/1/2017 Wave 2 has been developing in a form of a zigzag. Therefore, a bullish impulse in wave [c] is likely going to be continued, so we should keep an eye on +1/8 MM Level as a possible intraday target. If a pullback from this level happens...

What to expect from Bank of England’s meeting? 2/1/2017 The BoE is due to release its rate decision, minutes and inflation report at 14:00 MT time, followed by Carney’s press conference. Key things to watch Growth After the Brexit vote, pessimistic BoE’s senior officials had to slash their...

Your volatility calendar for February 2/1/2017 FOMC Meeting February 1, 21:00 MT time The FOMC decision on the federal funds rate and the corresponding statement are due at 21:00 MT time. The policy of the Federal Reserve is extremely important for the dynamics of the US dollar. This is...

Banks peeked into the FOMC statement and saw that… 2/1/2017 The FOMC meeting is due at 21:00 MT time. The banks scrambled to express their views on the wording of the statement and possible US dollar’s reaction. Most of the analysts believe that the FOMC will likely keep its policy unchanged...

AUD/USD: ready to start 2/1/2017 Technical levels: support – 0.7560/70; resistance – 0.7610. Trade recommendations: 1. Buy — 0.7560; SL — 0.7540; TP1 — 0.7610; TP2 — 0.7660. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen and falling...

EUR/USD: euro going higher 2/1/2017 Technical levels: support – 1.0760; resistance – 1.0810, 1.0900. Trade recommendations: 1. Buy — 1.0760; SL — 1.0740; TP1 — 1.0810; TP2 – 1.0900. Reason: bullish Ichimoku Cloud; a cancelled dead cross of Tenkan-sen and Kijun-sen; all the lines of Ichimoku...

GBP/USD: bulls going to test the last high 2/1/2017 The pair found a support on the 55 Moving Average, so a “V-Bottom” pattern has been formed. Therefore, the market is likely going to reach a resistance at 1.2619 – 1.2675 shortly. At the same time, if bulls be stopped by these levels...

EUR/USD: bullish "Pennant" 2/1/2017 The 89 Moving Average acted as a support, so we’ve got a “V-Bottom” pattern, which led to the current consolidation. Therefore, the market is likely going to reach the nearest resistance at 1.0815 – 1.0850 in the short term. If a pullback from this area...

Morning brief for February 1 2/1/2017 EUR/USD firmed significantly overnight having risen to 1.0790. It was the market’s knee-jerk reaction to the latest statements from the Trump’s administration. US President and his trade adviser Peter Navarro criticized Germany, China, and Japan for their...

GBP/USD: bulls are willing to restore the trend 2/1/2017 On the GBP/USD daily chart, a short-term correction towards the "bullish" trend allowed to form an upward trading channel. The pound will have to fulfill 88.6% target in the "Crab" inverted pattern. A breakout of the resistance at 1,261...