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Technical Analysis of USDX for April 5, 2016 The Dollar index did not make any substantial move yesterday and continues to trade around the support of 94.50. The trend remains bearish in the short and medium term. Bears however should be very cautious and protect their positions with tight stops...
The cross in the EUR/GBP continues to trade in the upper band of 0.79 handle, unable to take-out 0.80 barrier as the downbeat German factory data along with the EMU services PMI reports keep a check on the upside...
Technical Analysis of USD/CAD for April 5, 2016 General overview for 04/04/2016: The intraday support at the level of 1.3007 worked very well, but after the bounce bulls weren't strong enough to clearly break out above the neutral zone...
Technical Analysis of EUR/JPY for April 5, 2016 General overview for 05/04/2016: Both of the projected target levels for wave c were violated. Currently the market is trading below this levels, testing the 78% Fibo support at the level of 125.50...
Technical Analysis of USD/CHF for April 05, 2016 USD/CHF is expected to trade in a lower range as the key resistance is set at 0.9625. The pair remains under pressure below its resistance at 0.9625 since March 31, and is more likely to test the next support at 0.9555 in the coming trading hours...
Oil in Global Economy Series: Saudi Arabia Bleeds Reserve Amid Lower Oil Saudi Arabia’s pains are visibly on the rise as the economy facing threats of downgrades, if it fails to check on its ballooning fiscal deficit, which is projected to be 15-16% of GDP this year...
GBP/USD Breaks Major Support 1.4250, Decline Till 1.4100 Is Possible Major resistance – 1.43200 (4H Kijun-Sen line) Major Support - 1.4250 The cable has made a high of 1.43215 and declined from that level. It is currently trading around 1.4328. The pair has broken major support and 1...
European Stocks Drop, Dax down More Than 2% Bears are making their presence felt today across European bourses as slide in oil prices and Fed rate hike talk rattled bulls. At the time of writing, Stoxx 50 index was down 1.8%. Germany’s DAX was down 2.23%, followed by a 1...
USD/JPY has recently shown virtually little reaction to favorable factors such as BoJ easing or strong US indicators such as payrolls...
According to the research team at UOB Group, the EUR’s upside momentum could have lost some traction. “EUR is holding on to its recent gains and at this stage, it is still unclear if it can move higher in a sustained manner in the days ahead”. “A close above 1...
Stefan Koopman, Market Economist at Rabobank, notes that in a speech in Rome that mainly focused on the risks and costs of too-low inflation, ECB chief economist Peter Praet tried to inject another dose of dovishness into markets...
David Tulk, Head of Global Macro Strategy at TDS, suggests that on the heels of two consecutive months of disappointing employment prints, the Canadian labour market likely recovered in March with a forecasted addition of 18k jobs...
EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. EUR is holding on to its recent gains and at this stage, it is still unclear if it can move higher in a sustained manner in the days ahead. A close above 1...
AUD/USD Fades the Spike, Back Below 0.7600 The Aussie dollar is now losing the grip, prompting AUD/USD to return to the area of session lows in the 0.7565/60 band...
Technical Analysis of NZD/USD for April 05, 2016 NZD/USD is expected to trade with a bearish bias. From a chartist view, the pair remains on the downside, capped by its declining 20-period and 50-period moving averages. The relatively strong index is mixed with bearish, calling for a new pullback...
Technical Analysis of GBP/JPY for April 05, 2016 GBP/JPY is expected to trade in a lower range as pair is under pressure. The pair has been capped by its descending 50-period moving average and remains under pressure...
Technical Analysis of Silver for April 05, 2016 Technical outlook and chart setups: Silver is seen to be trading at $15.10 levels at this moment, looking to reverse lower towards $14.50 levels at least before turning bullish again...
Technical Analysis of Gold for April 5, 2016 Gold price held above recent low yesterday at $1,207 but remains inside the bearish channel. A new higher high towards $1,300-$1,320 is not ruled out yet as a break above $1,250 will increase the chance of this happening...
Technical Analysis of EUR/USD for April 05, 2016 When the European market opens, the following economic news will be released: Retail Sales, m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, Spanish Services PMI, German Factory Orders, m/m...
