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Asian Stocks Bounce, Shanghai Unimpressed by CPI The stocks on the Asian bourses rebounded this Thursday, heading for the first gain this week after RBNZ unexpectedly slashed rates, while markets remain expectant of the additional stimulus by the ECB...
Moody's: Impact of Low Oil Prices on Global Corporate Sectors Shifts As Oil Glut Continues The benefits of this prolonged period of very low oil prices are diminishing for some corporate finance sectors or even starting to have a negative impact on others, said Moody's Investors Service...
Nikkei225 Faces Strong Support at 16420, Good to Buy at Dips Major support -16420 ( trend line joining 14770 and 15523) Major Resistance - 17200 The index has recovered after making a low of 16493. It is currently trading around 16784...
Us Oil Breaks Major Resistance $38.40, Targets $41 Major resistance - $38.40 (8th Mar high) Major support - $37 US Oil has broken major resistance $38.40 and jumped till $38. is currently trading around $38.22. Any break above $38.40 confirms minor trend reversal , a jump till $39.70/$41...
Oil Ticks Lower in Asia, WTI Off 2016 Highs Oil benchmarks on both sides of Atlantic are seen consolidating the upside after yesterday’s massive rally, which was backed by a drawdown in the gasoline inventories...
AUD/USD Bulls Relieved on China Data AUD/USD is little changed on the release of the Chinese CPI and PPI data and the bulls can relax. Chinese producer price index y/y for Feb came in line with expectations of -4.9% vs -5.3% prior. The consumer price index mom for Feb beat expectations of 1...
USD/JPY Recovery Stalls Near 113.70 Post-China CPI A fresh spurt of buying interest gripped the USD/JPY pair over the last hour, after markets were relieved somewhat after the Chinese CPI figures unexpectedly rose in Feb...
EURUSD Daily Forecast: March 10 2016 EURUSD Forecast The EURUSD attempted to push lower yesterday bottomed at 1.0945 but closed higher at 1.0990. The bias is neutral in nearest term probably with a little bearish bias retesting 1.0945...
GBPUSD Daily Forecast: March 10 2016 GBPUSD Forecast The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 1.4170. A clear break below that area could trigger further bearish pressure testing 1.4130 – 1...
USDJPY Daily Forecast: March 10 2016 USDJPY Forecast The USDJPY failed to continue its bearish momentum yesterday topped at 113.45 and hit 113.68 earlier today. This fact keeps the double bottom bullish scenario remains strong. The bias is bullish in nearest term testing 114.00/50 area...
USDCHF Daily Forecast: March 10 2016 USDCHF Forecast The USDCHF attempted to push higher yesterday topped at 1.0040 but whipsawed to the downside and closed lower at 0.9971. The bias is neutral in nearest term probably with a little bearish bias testing 0.9900 region. On the upside, 1...
USDJPY: With the pair reversing its Tuesday losses on Wednesday, further bullishness is likely. On the downside, support comes in at the 112.50 level where a break if seen will aim at the 112.00 level. A cut through here will turn focus to the 111.50 level and possibly lower towards the 111...
If the ‘leave’ camp wins the UK referendum on June 23, the EU will become smaller and weaker both in economic and geopolitical terms. The EU share of the world population will fall from 7.0 to 6.1 percent. In terms of world GDP, in purchasing power parity terms the EU share will decrease from 17...
On the EUR/USD daily chart you can see the price has retraced back to the 38.2% fibonacci line where is is forming doji candlestick formations which hint at a possible continuation downwards. Price is still below the 200 EMA, therefore this looks like a good bearish setup...
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USD/JPY: Go Long on Dips to 112.00 – Westpac Occasional dips towards the 112.00 area in USD/JPY are considered as buying opportunities, according to strategists at Westpac. Key Quotes “USD/JPY has not been able to break back above 114...
EUR/JPY Off Lows as JPY Selling Underway in NY session The offered tone around JPY gathered traction in the NY session, helping the EUR/JPY cross trim losses to trade around 123.50 levels...
EUR/USD Drops Further, Visits 1.0950 The shared currency keeps losing altitude on Wednesday, now sending EUR/USD to fresh daily troughs in the mid-1.0900s. EUR/USD cautious ahead of ECB Spot is prolonging its daily pullback from overnight tops near 1...
Technical Analysis of NZD/USD for March 09, 2016 Overview: The NZD/USD pair sharply rose from the level of 0.6723 towards 0.6790. Now, the price is set at 0.6779. The resistance is seen at the level of 0.6820. Moreover, the price area of 0.6820 - 0.6815 remains a significant resistance zone...
