All Blogs
Technical Analysis of EUR/USD for March 08, 2016 When the European market opens, some economic news on the Revised GDP q/q, French Trade Balance, French Gov Budget Balance, and German Industrial Production m/m is due to be released...
Technical Analysis of USD/JPY for March 08, 2016 In Asia, Japan will release the Economy Watchers Sentiment, Consumer Confidence, 30-y Bond Auction, Final GDP Price Index y/y, Bank Lending y/y, Final GDP q/q, and Final GDP q/q...
Daily Analysis of USDX for March 08, 2016 The USDX is trying to break the bottom formed around the zone of 97.13 and we can expect another decline towards the support level of 96.61...
EUR/GBP Challenges Highs Near 0.7740 EUR/GBP is picking up further pace following the closing bell in Asia on Tuesday, eyeing the upper bound of the range near 0.7740. EUR/GBP focus on EMU releases, risk The European cross keeps navigating within a narrow range in the low-0...
Daily Analysis of GBP/USD for March 08, 2016 In the H1 chart, GBP/USD is forming another bullish pattern below the resistance level of 1.4267, where bulls are still trying to break higher in order to strength the bullish bias on a short- and medium-term basis...
GBP/USD Recedes in Early Europe After 6-Day Winning Streak The bullish momentum in the GBP/USD pair stalled in the late NY session, making way for a corrective move. The spot is down in early Europe near 1.4240 levels...
The Australian dollar is declining against the U.S. counterpart after China has released the data on trade balance, exports and imports. China is the Australia's main trading partner, thus slowing down of the country's economy have a negative impact on the Aussie...
Canadian Dollar Drops Against Most Majors The Canadian dollar weakened against most major currencies in the Asian session on Tuesday. The Canadian dollar fell to 4-day lows of 1.4708 against the euro and 84.57 against the yen, from yesterday's closing quotes of 1.4627 and 85.39, respectively...
NZ Dollar Slides Against Most Majors The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday. The NZ dollar fell to 4-day lows of 1.6304 against the euro and 76.30 against the yen, from yesterday's closing quotes of 1.6162 and 77.13, respectively...
Australian Dollar Falls Against Majors The Australian dollar weakened against the other major currencies in the Asian session on Tuesday. The Australian dollar fell to 4-day lows of 1.4863 against the euro and 83.69 against the yen, from yesterday's closing quotes of 1.4745 and 84...
AUD/USD Dumped on Awful China Trade, 0.7400 Eyed? The selling pressure behind the AUD intensified following the release of poor Chinese trade data, knocking-off AUD/USD to fresh session lows. AUD/USD nears 5-DMA at 0.7417 Currently, the AUD/USD pair drops -0.58% to 0...
China Feb Trade Data: Surplus Shrinks More Than Expected, Exports Slump In yuan terms, China trade balance for February came in at +209.5bn vs. +341bn expected and 402.20 previous. While exports saw a bigger than expected slump, falling -20.6% y/y vs. -11.3% exp and -6.6 prior...
Oil is Strong, Rising Above $40 and 6% Overnight Analysts at ANZ explained that crude oil prices were strong. Key Quotes: "Brent crude rose above USD40/bbl for the first time since December. Sentiment continues to improve as discussion about a production freeze lingers...
Oil Drops Over 1% in Asia, Brent Off 2016 Highs Having reached fresh multi-week highs in the previous session, oil benchmarks on both sides of Atlantic now attempt a minor correction in Asia this Tuesday, as focus now remains on the Chinese trade data and the API stockpiles report...
EURUSD Daily Forecast: March 08 2016 EURUSD Forecast The EURUSD was indecisive yesterday. Price attempted to push lower, bottomed at 1.0940 but whipsawed to the upside and closed higher at 1.1013. This fact keeps the bullish intraday bias remains intact challenging 1...
GBPUSD Daily Forecast: March 08 2016 GBPUSD Forecast The GBPUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.4133 but whipsawed to the upside and closed higher at 1.4262. The bias is bullish in nearest term testing 1.4300...
USDJPY Daily Forecast: March 08 2016 USDJPY Forecast The USDJPY had a bearish momentum yesterday and slipped below 113.15 earlier today. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below 113.15 testing 112...
USDCHF Daily Forecast: March 08 2016 USDCHF Forecast The USDCHF was indecisive yesterday. Price attempted to push higher, topped at 1.0012 but whipsawed to the downside and closed lower at 0.9950. Once again, 1...
EUR/USD Regains Momentum, Challenges Monday’s High The EUR bulls appear to have taken a breather in the Asian trades, with EUR/USD now consolidating the recent bullish run to 200-DMA at 1.1045 levels. EUR/USD extends beyond 1.1000 Currently, EUR/USD trades 0.08% at fresh session highs of 1...
