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Technical Analysis of GBP/JPY for March 24, 2016 GBP/JPY Intraday: Bullish bias above 125.20. The pair is still below its key resistance at 158.40, and is likely to challenge its nearest support at 158.40 in the coming trading hours...
Technical Analysis of EUR/USD for March 24, 2016 When the European market opens, some economic news will be released such as the Targeted LTRO, Italian 10-y Bond Auction, Italian Retail Sales m/m, ECB Economic Bulletin, GfK German Consumer Climate, and German Import Prices m/m...
Technical Analysis of USD/JPY for March 24, 2016 In Asia, Japan will release the BOJ Summary of Opinions and the US will release some economic data such as Natural Gas Storage, the Flash Services PMI, Durable Goods Orders m/m, Unemployment Claims, and Core Durable Goods Orders m/m...
Today is a special day for those who follow implied volatility. Specifically, the GBPUSD 3M ATM implied volatility is now pricing in the date of the British referendum. Implied volatility is the estimated volatility of a market or in this case, the currency pair’s price...
Daily Analysis of USDX for March 24, 2016 USDX is facing strong resistance around the 96.03 level, where a 200 SMA is placed on the H1 chart, acting as dynamic resistance. If that happens, then we can expect another decline until the 95...
Daily Analysis of GBP/USD for March 24, 2016 GBP/USD had another bearish session below the resistance level of 1.4151 and we can now expect a rebound above the 1.4093 level, at least on a short-term basis...
European Economics Preview: U.K. Retail Sales Data Due Retail sales from the U.K. and consumer confidence from Germany are due on Thursday, headlining a busy day for the European economic news. At 3.00 am ET, German GfK consumer confidence survey results are due...
Singapore Feb Industrial Production Falls More Than Forecast Singapore's industrial production decreased at a faster-than-expected pace in February, after rising slightly in the previous month, preliminary figures from the Economic Development Board showed Thursday. Industrial production fell 4...
EU Referendum: Row Over Claim Brexit Would Push Up Bills Supporters of leaving the EU have said claims by Energy Secretary Amber Rudd that total household bills could rise by as much as £1.5m a day are "absurd...
EUR/USD: Technicals Point at Additional Declines - FXStreet EURU/USD has been trading under selling pressure for the past few days, last at 1.1170, near weekly lows, with Valeria Bednarik, Chief Analyst at FXStreet, noting that technicals support some additional declines for this Thursday...
Dollar Rise Hits Commodities as Fed Talks of Tightening The dollar advanced for a fifth straight session on Thursday, pressuring commodities and Asian shares after yet another Federal Reserve official talked up the chance of more than one increase in U.S interest rates this year...
The dollar remains the currency market’s standout performer for the second straight day, gaining value against each of its major rivals after this morning’s as-expected New Home Sales report...
Fourteen years ago, the author of a series of popular personal-finance books predicted that 2016 would bring about the worst market crash in history, damaging the financial dreams of millions of baby boomers just as they started to depend on that money to fund retirement. Broader U.S...
FOREX-Dollar Gains, Awaits Data to Back Fed officials Rate Hike Views * Dollar index touches 1-week high * U.S...
Malaysia Leading Index Rises In January The leading index for Malaysia, which measures the future economic activity, increased at the start of the year, survey data from the Department of Statistics showed Thursday. The leading index rose slightly to 118.2 in January from 118...
Asian Markets in Red Due to Declines in Energy Prices, Gold Slides to 4-Week Low All the major Asian indices are trading on a lower note on Thursday. U.S. and European markets closed overnight with losses, mostly due to declines in energy stocks...
Big Action in the Commodities Sector and Currencies - Westpac In respect to the commodities sector's sell-off, analysts at Westpac explained that the AUD/USD fell steadily from the Sydney afternoon highs above 0.7640 to a New York low of 0.7520...
AUD/USD: Declines Expected Below 0.75 Handle - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the Aussie was hit hard this Wednesday, falling down to 0...
AUD/USD Bears Testing Bulls Commitments at Key 0.7500 AUD/USD is testing the bulls commitments around the 0.75 handle as Asia gets going, following the downside activity that took place overnight in the commodity sector...
