24-03-2017 - Afternoon24-03-2017 - Morning23-03-2017 - Afternoon23-03-2017 - Morning22-03-2017 - Afternoon22-03-2017 - Morning21-03-2017 - Afternoon21-03-2017 - Morning20-03-2017 - Afternoon20-03-2017 - Morning17-03-2017 - Afternoon17-03-2017 - Morning16-03-2017 - Afternoon16-03-2017 - Morning

Dukascopy Forex Overview: 24-03-2017 - Afternoon

Dukascopy Bank analytic desk report
Published: 24/03/2017 16:00
Dukascopy Technical Analysis

AUD/USD in close proximity to 0.76
"As long as there is no sustained drop below 0.7600, we expect the current consolidation to be resolved to the upside."
-  UOB Group (based on FXStreet)
Thursday ended with the Aussie suffering another loss against the US Dollar, with the main driver being falling oil pricese.
Dukascopy Fundamental Analysis
New Zealand shows largest annual trade deficit since 2009
AThe annual trade deficit in New Zealand hit a record of $3.8B in the year ended February 2017, appearing to be the largest since April 2009, Stats NZ reported on Thursday. Goods exports plunged 5.5% compared with the same month of the previous year. The greatest fall of $269M was recorded among ships, boats and floating structures due to the export of drilling platform
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Trade Pattern Idea
AUD/CAD 4H Chart: Channel Down
The Australian Dollar has reversed its movement against the Canadian Dollar, as the currency exchange rate has bounced off the upper trend line of a long term ascending channel.>>

CAD/CHF 4H Chart: Channel Down
The Canadian Dollar is simultaneously trading in two descending channel patterns against the Swiss Franc. >>
Expert Commentary
"We think that growth will soften a little bit over the course of this year."
- Sam Lynton-Brown, FX Strategist at BNP Paribas, on UK economy and GBP
Our economists forecast economy will expand 1.8% in 2017, though we think that we are going to see real weakness in 2018, with our growth expectations dropping off to just 1%. >>
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Press Review
CNBC
EU's Juncker Says U.K. Brexit Bill May Hit $62 Billion
The U.K. may face a bill of up to $62 billion when it leaves the European Union, according to European Commission president Jean-Claude Juncker.
Dukascopy Bank Sentiment Index
June Release
The positive momentum in the Asia-Pacific region seems to have continued in June even despite soft global demand and signs that the Chinese investment-led recovery is coming to an end, as both short and long run sentiment indices soared in the measured month.
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Economic Research

Forecasting Models for Exchange Rate
The science of prognostics has been going through a rapid and fruitful development in the past decades, with various forecasting methods, procedures and approaches flooding the economic world. It is estimated that there are more than 100 prediction methods, and sometimes the diversity makes it difficult to choose the one that would do the trick.
Dukascopy Aggregate Technical Indicator
Dukascopy Bank presents a new research product - the aggregate technical indicator. The new tool will indicate the strongest signals on major currency pairs. Dukascopy Aggregate Technical Indicator for 30 min and 1H time frame charts for major pairs for the last 144 periods till 15:30 GMT.
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Disclaimer:
This overview can be used only for informational purposes. Dukascopy Bank SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
“News that Trump formally ordered the US to withdraw fromthe Trans-Pacific Partnership trade deal was largely expectedbut investors are watching to see just how far theprotectionist policies go.”

Kiwi remains flat on Tuesday

 


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