Global Macro Overview for 29/03/2016 Global overview for 29/03/2016: Fed Chairperson Janet Yellen is due to speak today on the Economic Outlook and Monetary Policy at the Economic Club of New York luncheon and her comments are likely to be followed very closely by investors...
Technical Analysis of NZD/USD for March 29, 2016 NZD/USD is expected to continue its further upside movement. The pair has reversed up, and is now heading upward, backed by its rising 20-period and 50-period moving averages. A strong support base around 0...
FXWIREPRO: GBP/JPY Option Premiums Move in Sync With Ivs - Risk Averse can Go With Strips Combination for Hedging Let's have a glance on the implied volatilities of GBPJPY ATM puts of 1W expiries that are the highest in G7 currency segment in OTC markets, 13...
FXWIREPRO: EUR/JPY Faces Major Resistance at 127.25, Bullishness Only on Breaks Above EUR/JPY edges higher on the day, but remains capped below strong trendline resistance at 127.25. Breaks above will see further upside, gains till 127.78 (daily cloud base) then likely...
NZD/CAD Faces Strong Resistance Around 0.8920, Break Above Targets 0.9000 Major resistance – 0.8920 The pair has recovered after making a low of 0.88537. it is currently trading around 0.89025. NZD/CAD major resistance is around 0...
FXWIREPRO: EUR/AUD Bounces Off Trendline Support, Good to Buy Dips EUR/AUD has bounced off trendline support around 1.4785 and is currently trading at 1.4821 levels. Stochs have rolled over from oversold region and RSI is biased north. The pair finds resistance at 1...
FXWIREPRO: EUR/GBP Holds Minor Support at 0.7857, Weakness Only on Breaks Below EUR/GBP holds above hourly 10 DMA support at 0.7857, weakness seen only on breaks below. The pair is currently trading around 0.7862, technicals on hourly charts indicate further gains...
FXWIREPRO: AUD/NZD Falls Below 1.12 Mark, Good to Buy on Dips AUD/NZD is trading around 1.1193 marks. Pair made intraday high at 1.1221 and low at 1.1291 marks. Intraday bias remains bearish till the time pair holds initial resistance at 1.1252 levels. A daily close below 1...
There is no trade call for the session. Today’s London session is very light on economic data. As always I suggest you start the week by reading my currency update to familiarize with the latest changes in the market. Currency Update USD: Core PCE remained at 1.7% y/y for February...
Yen Falls Against Majors The Japanese yen weakened against the other major currencies in the Asian session on Tuesday. The yen fell to nearly a 2-month low of 116.69 against the Swiss franc and more than a 2-week low of 127.23 against the euro, from yesterday's closing quotes of 116.44 and 126...
Gold Technical Analysis for March 29, 2016 Gold is trading inside a downward sloping channel. However, there are increased chances of a bigger bounce this week towards $1,240. Downside is limited to $1,200-$1,190 if we break below $1,208...
Technical Analysis of USD/CAD for March 29, 2016 General overview for 29/03/2016: The market is currently trading just below the blue trend line, shy to hit the weekly pivot at the level of 1.3217...
Technical Analysis of EUR/JPY for March 29, 2016 General overview for 29/03/2016: The market has hit the supply zone between the levels of 127.09 - 127.26. However, the wave progression inside of this upward structure does not looks too impulsive so far, more like a zig-zag structure...
Yellen in Focus. As global markets come back after the Easter break, FX traders will be focusing on Fed Chair Yellen’s speech at the Economic Club of New York (17:20 Ldn), while equity traders are met with a sea of red from Asia trading...
Technical Analysis of Silver for March 29, 2016 Technical outlook and chart setups: Silver is drifting sideways for now, trading at $15.18 levels. The metal rallied through $15.30/35 levels yesterday before pulling back lower again...
Technical Analysis of Gold for March 29, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,218.00 levels for now, looking to continue dropping lower towards $1,190.00 levels at least. It is still possible that the metal hits $1,227.00/28...
Technical Analysis of GBP/CHF for March 29, 2016 Technical outlook and chart setups: The GBP/CHF pair inched higher, printing highs at 1.3900/10 levels yesterday. The pair has dropped since then and is trading at 1.3860 levels for now, drifting sideways...
Elliott Wave Analysis of EUR/NZD for March 29 - 2016 Wave summary: We are getting nowhere. It looks like more sideways trading in the 1.6346 - 1.6730 range is needed before renewed upside pressure can be expected for a break above minor resistance at 1...
Elliott Wave Analysis of EUR/JPY for March 29 - 2016 Wave summary: Resistance at 127.27 must protect the upside, otherwise more upside pressure towards 128.90 will be expected in a more complex double zig-zag correction from the 122.06 low. If resistance at 127...
