A fairly uneventful session has left AUDJPY coiling even tighter following the 650-pip rally that commenced on March 1st. I commented on the pair shortly after it began its ascent, noting the two channels I was keeping an eye on at the time. You can read that commentary here...
ECB, BOJ Seeking to Push Down Exchange Rates, Mervyn King Says The European Central Bank and the Bank of Japan are essentially trying to push down the values of their respective currencies with the use of negative interest rates, former Bank of England Governor Mervyn King said...
Analytical Review of the Stocks of Merck&Co. Inc. Merck&Co. Inc., #MRK [NYSE] Health care, drug production, USA Financial performance of the company: Index – DJIA, S&P 500...
FXWIREPRO: Nikkei225 Faces Strong Resistance Around 17300, Good to Buy at Dips Major resistance - 17300 The index has broken minor resistance around 17000 and jumped till 17097 at the time of writing slightly recovered after making a low of 17014. It is currently trading around 16664...
South Korean Won Continues to Gain Against US Dollar, Intraday Bias Remains Bearish USD/KRW is currently trading around 1160 levels. It made intraday high at 1164 and low at 1159 levels. Intraday bias remains bearish till the time pair holds key resistance at 1169 levels...
Aussie Gains on the Back of Higher Than expected Hpi Data AUD/NZD is currently trading around 1.1205 levels. Pair made intraday high at 1.1214 and low at 1.1189 marks. Australia's House Price Index rose 0.2% in the December quarter, following a 2.0% increase in the previous three-month period...
USD/SGD Hovers Around Initial Resistance at 1.3628, Intraday Bias Remains Neutral USD/SGD is currently trading around 1.3622 marks. It made intraday high at 1.3631 and low at 1.3593 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1.3481 levels...
China’s Monetary Policy Regime in Transition - Nomura The Global Markets Research Team at Nomura notes that China’s monetary policy regime is currently experiencing a transition towards a more market-based regime...
EURUSD Daily Forecast: March 22 2016 EURUSD Forecast The EURUSD was indecisive yesterday. The bias remains neutral in nearest term, but we have a potential false breakout bearish scenario as you can see on my H1 chart below especially if price able to make a clear break and daily close below 1...
GBPUSD Daily Forecast: March 22 2016 GBPUSD Forecast The GBPUSD had a bearish momentum yesterday closed below 1.4400 support area. The bias is bearish in nearest term testing 1.4300 region. Immediate resistance is seen around 1.4420...
USDJPY Daily Forecast: March 22 2016 USDJPY Forecast The USDJPY had a bullish momentum yesterday and hit 112.20 earlier today. The bias is bullish in nearest term testing 112.50 – 113.00 area. Immediate support is seen around 111.50...
USDCHF Daily Forecast: March 22 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias is neutral in nearest term but overall I remain bearish with nearest target seen around 0.9570 area. Immediate resistance is seen around 0.9730...
Support & Resistance Indexes (Update) Last updated: Mar 21, 1:44 pm +03:00 S - Strong | M - Moderate...
Pivot Points - Daily Last Updated: Mar 22, 4:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11511 1.12016 1.12205 1.12521 1.1271 1.13026 1.13531 USD/JPY 110.185 110.943 111.435 111.701 112.193 112.459 113.217 GBP/USD 1.4195 1.42969 1.43316 1.43988 1.44335 1.45007 1.46026 USD/CHF 0.95902 0...
Derek Holt, vice president of economics at Scotiabank, doesn't mince words with his thoughts about the Federal Reserve's now-infamous "dot plot...
The FX market is confusing this year. More easing by the BoJ, the RBNZ, the Riksbank, the ECB and the Norges Bank, led to stronger currencies, despite delivering more than markets had expected in all cases...
The US dollar rose further against the yen during the American session as stocks in Wall Street consolidate gains. USD/JPY hit a fresh daily high at 111.92 and it was standing near the top, eying 112.00...
The pound's solid fundamentals will shine through by the end of the year end, leading some analysts to forecast a fall to 0.72 versus the euro. The pound has untapped potential according to the Norwegian Bank DNB SA...
According to analysts from Danske Bank, Brexit could trigger a downgrade in UK sovereign rating but might not necessarily change foreign investors’s appetite for Gilts dramatically...
