Technical Analysis of GBP/JPY for March 22, 2016 GBP/JPY is expected to trade in a higher range. After the recent upside breakout of an ST declining trend line, the pair validated an intraday bullish reversal, and is turning up now. The nearest support at 160...
Technical Analysis of Silver for March 22, 2016 Technical outlook and chart setups: Silver is seen to be trading around the same range since yesterday, $15.70/80 levels for now. The metal might have formed an interim high at $16.13 levels it seems and should be looking to push lower from here...
Technical Analysis of Gold for March 22, 2016 Technical outlook and chart setups: Gold remains steady since yesterday, trading in a very tight range between $1,242.00 and $1,247.00 levels as depicted on the hourly chart...
Technical Analysis of EUR/JPY for March 22, 2016 Technical outlook and chart setups: The EUR/JPY pair remains unchanged for now with respect to structure and price action. The pair continues to consolidate between 125.20 and 126.50 levels as discussed yesterday. It is required to break below 125...
Technical Analysis of GBP/CHF for March 22, 2016 Technical outlook and chart setups: The GBP/CHF pair is finally looking to form a higher low at 1.3930 levels as depicted on the hourly chart here. The pair is bouncing off the fibonacci 0.786 support of the rally between 1.3880 and 1.4050 levels...
Technical Analysis of EUR/USD for March 22, 2016 When the European market opens, some economic news will be released such as Belgian NBB Business Climate, ZEW Economic Sentiment, German ZEW Economic Sentiment, the Flash Services PMI, the Flash Manufacturing PMI, German Ifo Business Climate, the G...
Technical Analysis of USD/JPY for March 22, 2016 In Asia, Japan will release the All Industries Activity m/m, Flash Manufacturing PMI and the US will release some economic data such as the Richmond Manufacturing Index, Flash Manufacturing PMI, HPI m/m...
Daily Analysis of USDX for March 22, 2016 The H1 chart structure remains bearish and the Index is currently dealing with the resistance zone of 95.44, where we can expect a pullback to resume the bearish bias on a short-term basis. If that scenario happens, then a breakout lower below the 94...
Daily Analysis of GBP/USD for March 22, 2016 GBP/USD is performing a decline and during yesterday's session we saw a strong domination by the bears in the overall bias of the Cable. Currently, we can expect a rebound above the support level of 2...
FXWIREPRO: Malaysian Ringgit Continues to Add Strength Against US Dollar, Intraday Bias Remains Bearish Pair is currently trading around 4.0200. It made intraday high at 4.0610 and low at 4.0220 levels. Intraday bias remains bearish till the time pair holds key resistance at 4.0933...
FXWIREPRO: NZD/USD Largely Rangebound, Further Bullishness Only on Break Above 0.6870 NZD/USD has been trading in a narrow range after seeing rejection at 0.6874 (strong trendline resistance) on March 18th. Upside on the day seen capped by 5-DMA at 0...
A fairly uneventful session has left AUDJPY coiling even tighter following the 650-pip rally that commenced on March 1st. I commented on the pair shortly after it began its ascent, noting the two channels I was keeping an eye on at the time. You can read that commentary here...
ECB, BOJ Seeking to Push Down Exchange Rates, Mervyn King Says The European Central Bank and the Bank of Japan are essentially trying to push down the values of their respective currencies with the use of negative interest rates, former Bank of England Governor Mervyn King said...
Analytical Review of the Stocks of Merck&Co. Inc. Merck&Co. Inc., #MRK [NYSE] Health care, drug production, USA Financial performance of the company: Index – DJIA, S&P 500...
FXWIREPRO: Nikkei225 Faces Strong Resistance Around 17300, Good to Buy at Dips Major resistance - 17300 The index has broken minor resistance around 17000 and jumped till 17097 at the time of writing slightly recovered after making a low of 17014. It is currently trading around 16664...
South Korean Won Continues to Gain Against US Dollar, Intraday Bias Remains Bearish USD/KRW is currently trading around 1160 levels. It made intraday high at 1164 and low at 1159 levels. Intraday bias remains bearish till the time pair holds key resistance at 1169 levels...
Aussie Gains on the Back of Higher Than expected Hpi Data AUD/NZD is currently trading around 1.1205 levels. Pair made intraday high at 1.1214 and low at 1.1189 marks. Australia's House Price Index rose 0.2% in the December quarter, following a 2.0% increase in the previous three-month period...
USD/SGD Hovers Around Initial Resistance at 1.3628, Intraday Bias Remains Neutral USD/SGD is currently trading around 1.3622 marks. It made intraday high at 1.3631 and low at 1.3593 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1.3481 levels...
China’s Monetary Policy Regime in Transition - Nomura The Global Markets Research Team at Nomura notes that China’s monetary policy regime is currently experiencing a transition towards a more market-based regime...
