Technical Analysis of EUR/USD for March 23, 2016 When the European market opens, some economic news will be released such as the German 30-y Bond Auction. The US will release economic data too such as Crude Oil Inventories and New Home Sales...
Technical Analysis of USD/JPY for March 23, 2016 In Asia, today Japan will not release any economic data but the US will release some economic data such as Crude Oil Inventories and New Home Sales. So there is a probability the USD/JPY pair will move with low to medium volatility during this day...
Daily Analysis of Major Pairs for March 23, 2016 EUR/USD: The bullish outlook on this pair is now in a precarious situation. The market could continue going downwards and there is a possibility that the bears might come in and push the price further downwards...
Daily Analysis of USDX for March 23, 2016 The Index is currently doing a consolidation move above the 95.44 level, which is very close to the 200 SMA price zone on the H1 chart...
Daily Analysis of GBP/USD for March 23, 2016 The pair is trading with a very strong intraday bearish bias, as the Cable is consolidating below the 200 SMA on the H1 chart and currently we can expect a little rebound above the support zone of 1.4200...
GBP/JPY Forms Hammer Pattern, Break Above 159.80 Confirms Further Bullishness Candlestick Pattern – Hammer Major resistance – 159.80 The pair has recovered after making a low of 158.44.It is currently trading around 159.46. Short term trend is slightly bullish as long as support 158.50 holds...
EUR/USD Bears Remain in Control as Fed Doves Turn into Hawks The dollar maintains the bullish tone, pushing the EUR/USD pair back to near 1.12 handle as markets focus on growing number of hawks at the Federal Reserve...
Fed Officials Lower Sights on r* Again – Goldman Sachs Research Team at Goldman Sachs, suggests that the equilibrium real rate—or r* (“r star”)—implied by Fed officials’ projections has fallen steadily since 2012 and is negative for the next two years, under a standard policy rule...
EUR/USD is Undergoing Broad Consolidation - SocGen Research Team at Societe Generale, suggests that after testing key levels 1.06/1.05 last year, EUR/USD is undergoing broad consolidation. Key Quotes “1.06/1.05 will decide about next leg of down cycle...
FXWIREPRO: AUD/JPY Breaks Minor Trendline Resistance at 85.40, Good to Buy Dips RBA more cautious about talking down the AUD which partly disaapointed Aussie bears...
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FXWIREPRO: EUR/GBP Trading Just Shy of the 0.79 Handle, Sees Strong Resistance at 0.7911 Pound sterling likely to remain under pressure as terrorism attacks in Brussels fuelled risk of a Brexit...
FXWIREPRO: NZD/USD Holds Above 10-Dma Support at 0.6728, Bias Lower NZD/USD was rejected at day's high by 0.6769, and has slipped lower to currently trade at 0.6737 levels. 10-DMA at 0.6728 is strong support for the pair, breaks below could see downside resume...
Gold Falls Sharply, Testing $1,231.00 Area Gold has seen a ferocious sell-off worth over $15.00 from over $1,250.00 at the beginning of Asia, all the way down to currently test $1,231.00, level where a strong short liquidation originated following the dovish FOMC last week. Gold overbought...
EUR/USD Faced With 1.12 Key Support EUR/USD has been consolidating in Asian trade, last exchanging hands just above the 1.12 handle, an area that was old resistance and that has not turned key support after the successful bullish rotation higher during March 16-17th...
USD: Hawkish Fed Comments have Limited Impact on Sceptical Market - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar failed to derive much support from the recent more hawkish Fed comments highlighting that the market is more even more sceptical now that the Fed will follow th...
EURAUD continues to tread water above trend line support that extends off the April 2015 low. I mentioned this level a few days before the ECB rate decision that took place on March 10th...
FXWIREPRO: USD/KRW Hovers Just Above Key Support Level at 1153, Intraday Bias Remains Bearish USD/KRW is currently trading around 1156 levels. It made intraday high at 1157 and low at 1155 levels. Intraday bias remains bearish till the time pair holds key resistance at 1164 levels...
FXWIREPRO: AUD/NZD Hits Key Resistance at 1.1298, Intraday Bias Remains Bullish AUD/NZD is currently trading around 1.1306 levels. Pair made intraday high at 1.1309 and low at 1.1269 marks. Intraday bias remains bullish for the moment. Pair fails to fall below key support at 1...
