NZD/USD has stabilized on the bid in the aftermath of the RBNZ interest rate decision having caught out many of the shorts on a squeeze that took the bird up to the mid point of the 0.67 handle where spot now oscillates. The RBNZ cut interest rates by 0...
Most oil stocks are ranging in market condition falling to the bearish area, and this tendency will be continuing in 2016. Most technology stocks are ranging waiting for direction which is more likely to be bearish as well...
I would like to start this analysis from lower timeframe. AUDUSD was moving in up-trend and it was possible to draw an up-trendline with several touches supporting lows of each down move. On Friday (04.12.15) we had high activity on the top of the market (look at the volume and spread...
The US dollar faced another wave of selling at the beginning of the New York session sending GBP/USD to fresh weekly highs above 1.5100. GBP/USD has already taken back Monday and Tuesday losses and is trading in positive ground for the week, with a high posted at 1.5141 in recent dealings...
Gold prices took out USD 1080.48/Oz; 23.6% Fib retracement level Oct 15 high-Dec 3 low; on the back of a broad based USD weakness. Clocks a high of 1085.47 The metal clocked a high of USD 1085.47/Oz, before the momentum stalled around USD 1083/Oz levels...
The US Dollar Index, which gauges the greenback vs. its main competitors, is giving away further ground today, testing lows around 97.60. US Dollar challenges post-ECB low The index is testing post-ECB lows recorded last week in the 97...
The China reserves rose by $11.39 billion in October during short-time recovery it was decline in November because of the following: expectations of the US rate hike, and slowing economic growth. Forex reserves in China was falling by $87.22 billion to $3...
The Aussie managed to bounce from below 0.7200 and reversed early losses against the greenback, as even commodity currencies are taking advantage of a weaker US currency. AUD/USD rebounded from a daily low of 0.7170 and climbed back above 0.7200 to retest daily highs at the 0.7230/35 zone...
The USD is being offered across the board in the US session, taking the EUR/USD pair above its 50-DMA at 1.0956 levels. Eyes 1.10 The currency pair bounced off from the strong support at 1.0890 (38.2% of 1.1495-1...
The offered tone around the dollar remains unabated on Wednesday, now sending USD/JPY to break below the key support at 122.00 the figure. USD/JPY weaker as USD-selling picks up pace The greenback continues to lose ground vs...
USD JPY, “US Dollar vs. Japanese Yen” At the H4 chart of USD JPY, bearish Three Methods pattern indicates a descending movement. The downside Window may provide support. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish movement...
EUR USD, “Euro vs. US Dollar” The H1 chart of EUR USD shows a sideways correction. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement...
EUR USD, “Euro vs. US Dollar” At the H4 chart of EUR USD, Morning Star pattern near the support level indicated an ascending movement. The closest Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction...
GBP/USD found renewed buying interest ahead of the New York opening and rose to fresh daily highs, although it stalled just shy of the 1.5100 level. Cable has managed to trim early weekly losses, having risen more than 90 pips throughout the day to reach a peak of 1.5092 in recent dealings...
The U.S. stock market is on six-year bull run and it will be continuing with the bullish trend into 2016, say Deutsche Bank analysts...
The bid tone on the CHF remains intact, which pushed the USD/CHF pair below 0.9902 (50% of 0.9476-1.0328). Rejected at 38.2% fib The pair fell to 0.9902 last week, followed by a recovery and failure to take out 1.00 (38.2% of 0.7476-1.0328) on a daily closing basis...
The upside in GBP/USD seems to have found strong resistance around 1.5080, easing to 1.5060 at the time of writing. GBP/USD bounces off 1.4950 Spot keeps recovering ground after bottoming out in the mid-1.4900s during yesterday’s session...
Gold prices trade dead flat around USD 1078/Oz as investors amid moderate weakness in the USD index and wavering European stock markets. Bullish 5-DMA and 10-DMA crossover The recovery from the multi-year low of USD 1046.18/Oz levels on Dec 3rd, followed by a rise to USD 1088...
The Australian Bureau of Statistics, which will release new labor data tomorrow. Australia’s economy at this juncture is very vulnerable as it trying to rebalancing its economy away from the resource sector...
