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Yen Rises Against Majors The Japanese yen strengthened against the other major currencies in the Asian session on Wednesday. The yen rose to a 1-week high of 159.51 against the pound and a 6-day high of 123.44 against the euro, from yesterday's closing quotes of 160.05 and 124.02, respectively...

China: 5-Year Plan – Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that the China’s National People’s Congress (NPC) met from March 5-6 to launch the country’s 13th 5-Year Plan which was a platform to show the thrust of future policy direction, and on that front th...

Has the USD Peaked? - ANZ Research Team at ANZ, suggests that at the very least, further USD strength is likely to be substantially less linear than we have seen to date. Key Quotes “In fact, thinking about currency markets from a USD framework has probably become unhelpful...

EUR/USD Heavy, Breaches 50-DMA Support Near 1.0980 The offered tone around the EUR picked-up pace post-China open, now sending EUR/USD further below 50-Dma support located at 1.0982. EUR/USD fails once again above 1.1000 Currently, EUR/USD drops -0.33% to fresh session lows of 1...

Asian Stocks Dive for 2nd Day on Oil Sell-off The Asian stocks markets crumbled for the second straight session this Wednesday after risk-off sentiment remained in full swing in response to the overnight sell-off in the oil prices, while nervousness ahead of China’s inflation report also weighs d...

NZD/USD Under Pressure Below 0.6750 Amid Risk-Aversion The NZD/USD pair stalled its overnight slide in Asia, although remains vulnerable as the extended sell-off in the Asian equities combined with subdued oil prices weigh negatively on the Kiwi. NZD/USD capped by 0...

AUD/USD Turning Bearish Towards Hourly 100 SMA AUD/USD is drifting sideways and consolidating on what has been a lackluster session so far in the absence of catalysts...

Gold Surrenders $ 1260 as USD Strengthens, Ignores Risk-Off Gold futures on Comex came under fresh selling pressure over the last hour, dropping sharply to hit fresh three-day low below $ 1260 barrier. Gold faces stiff resistance near 5-DMA Currently, gold drops -0.47% to 1257...

EURUSD Daily Forecast: March 09 2016 EURUSD Forecast The EURUSD attempted to push higher yesterday topped at 1.1057 but closed lower at 1.1009 and hit 1.0991. The bias is bearish in nearest term testing 1.0900 area. Immediate resistance is seen around 1.1025...

GBPUSD Daily Forecast: March 09 2016 GBPUSD Forecast The GBPUSD had a bearish momentum yesterday bottomed at 1.4173. The bias is bearish in nearest term testing 1.4130 which is a good place to buy with a tight stop loss targeting 1.4300 – 1.4500. A clear break and daily close below 1...

USDJPY Daily Forecast: March 09 2016 USDJPY Forecast The USDJPY continued its bearish momentum yesterday and hit 112.41 earlier today. The bias remains bearish in nearest term testing 111.65 – 110.96. Immediate resistance is seen around 113.15...

USDCHF Daily Forecast: March 09 2016 USDCHF Forecast The USDCHF had another indecisive movement yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 1.0000/35 which remains a good place to sell with a tight stop loss targeting 0.9820 area...

USD/CAD Breaks Above 1.3400 as Oil Plummets USD/CAD rallied to 4-day highs as oil prices plummeted during the American session in a risk-off environment, with US stocks down and Treasuries up. USD/CAD climbed more than 100 pips over the last hours and broke above the 1...

EUR/USD Finds Resistance Below 1.1060 and Retreats EUR/USD gained momentum after Wall Street opening bell and climbed to 1.1058, hitting a fresh 1-week high. The pair lost strength below 1.1060 and pulled back as main stock indexes in the US moved off session lows. It was trading at 1...

EUR/USD Around 1.1020 on EMU Data The European currency keeps its daily gains vs. the dollar today, with EUR/USD hovering over the 1.1020/25 band so far...

Technical Analysis of USD/CHF for March 08, 2016 USD/CHF is expected to trade in line with a bearish outlook. The pair has struck against its major resistance at 1.0010, and is now turning downwards following yesterday's rallies...

Technical Analysis of NZD/USD for March 08, 2016 NZD/USD is expected to trade with a bullish bias above 0.6730. Trading at 0.6769, the pair remains in consolidation, but still holds above its key support at 0.6730, which is expected to limit any room downside...