Gold Technical Analysis for March 22, 2016 Gold price has broken above the short-term bearish channel. Price remains in a sideways channel and could now be starting the final move higher towards $1,300...
Analytical Review of the Currency Pair USD/JPY Technical data of the currency pair: Previous closing: 111.95; Daily range: 111.68-112.20; Opening: 111.95...
Financial markets are starting to take it seriously, and with good reason. Polls show a tightening race ahead of the referendum on June 23rd, while internet searches for “Brexit” are running slightly higher than the peak seen for “Grexit”, when Greece’s status was in jeopardy...
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. U.S...
Canada’s highly-anticipated federal budget will be unveiled on Tuesday. The BoC has placed much emphasis on fiscal policy as a necessary tool, and is counting on a combination of infrastructure spending and tax cuts, as promised by PM Trudeau, to provide a moderate boost to growth...
Atlanta Fed head #DennisLockhart surprised market participants with his comments. He said that, in his opinion, the next #Fed rate hike will take place in April. Lockhart is confident that the U.S. central bank will not deviate from the path of monetary tightening...
Technical Analysis of USD/CAD for March 22, 2016 General overview for 22/03/2016: The market had tested the weekly pivot at the level of 1.3098, but the price is still trading inside the bearish zone. The last leg of the corrective cycle in wave Z brown might have been completed at the level of 1...
The eurozone’s balance of payments (BoP) data for January is consistent with the view that eurozone investor appetite to chase higher returns in foreign debt markets will moderate in periods of risk-off, leaving the EUR supported by its large current account surplus...
Daily Analysis of Major Pairs for March 22, 2016 EUR/USD: The bullish outlook on this pair is still valid. The market could continue going upwards but there is a possibility that the bears might come in and push the price downwards. The EUR could be seen weakening versus some majors this week...
Gold Jumps 0.50% as Asian Equities Drop Gold is up 0.50% around $1250/Oz levels amid moderate losses in the European equities after though Fed officials talked up rate hike bets...
AUD/USD Regains 0.7600 and Beyond The buying interest around the Aussie dollar remains buoyant today, with AUD/USD retaking the key 0.7600 resistance and advancing to daily highs...
EUR/USD: Bullish: Above 1.1375 would open up the way for 1.1495. While the price action after last Thursday’s peak of 1.1340/45 is viewed as a short-term consolidation phase, the recent build-up in upward momentum has fizzled out quickly. Unless EUR can reclaim 1...
EUR/GBP Above 0.7800 Ahead of UK CPI EUR/GBP is trading almost unchanged today, managing to keep the trade above the key 0.7800 barrier...
EUR/USD Runs into Confluence of Fibo level The bid tone around EUR recovered in Asia, pushing the EUR/USD pair to confluence of Fibo levels at 1.1257 (61.8% of 1.1714-1.0517) + 1.1253 (100% Fibo of 1.0517-1.1060-1.0711...
FXWIREPRO: EUR/JPY Attempting Gains Above 126 Handle, Awaits German Ifo Data EUR/JPY is attempting to break above strong trendline resistance at 126.20. The pair has broken above 38.2% Fib of 132.28 to 122.05 fall at 125.96 and has reclaimed the 126 handle...
FXWIREPRO: Extending Pound/dollar Target to 1.55 Area In previous article, available at http://www.econotimes.com/FxWirePro-Pound-could-gain-towards-15-on-weaker-Dollar-178482 , we at FxWirePro fundamental, suggested that Pound might gain towards 1.5 area over weaker Dollar...
GBP/JPY Faces Strong Resistance Around 161.60, Break Above Targets 162.50/164 Major resistance – 161.60 (trend line joining 175.01 and 164.09) Major support – 159.50 The pair has recovered after making a low of 160.13. It is currently trading around 161.27...
Dear Friends, This week (March 20 - March 26) we have 5 high impact news schedule which may tradable. Monday, March 21’ 2016...
Technical Analysis of USD/CHF for March 22, 2016 USD/CHF is expected to trade with a bearish bias as the key resistance is at 0.9745. The pair remains weak below its horizontal resistance at 0.9745, and is likely to post a new decline after a limited consolidation...
