We take a look at where the NZ dollar stands in the wake of the surprise decision by the RBNZ to cut interest rates. If you were the governor of a central bank and you wanted the most ‘bang for your buck’ you will have to catch markets by surprise...
The selling bias remains unchanged around the shared currency on Friday, confining EUR/USD to trade in the 1.1100/1.1080 band for the time being. EUR/USD down on profit taking, risk-on Spot keeps alive its downside from ECB-led peaks around 1.1220 during overnight trade...
An order to sale #GPBUSD has activated, and soon the result was fixed at the level of 1.4241. Here we have entered the market to buy, and this order is still relevant. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
An order to enter a long position in #USDJPY has activated on a breakthrough of a fractal (up) at 114.26. Soon it was closed, according to System rules, and currently we have no open positions. Find out more by checking out the Source Link...
AUD/USD Now Targets 0.7600 In view of the research team at UOB Group, the next hurdle for the Aussie dollar remains at 0.7600 in the short-term. Key Quotes “The high of 0.7528 held just below the 0.7535 objective”...
Analysis: (2016-03.09) After the breakdown of the channel up H4 pair tested EMA521 (monthly), EMA1440 (yearly) and returned to slain (up H4 broken) to roll back. (03/10/2016) The test confirmed EMA521 levels of breakdown and subsequent roll back down (alternate achievement goals short sales...
GBPUSD: The pair remains biased to the upside on corrective recovery leaving risk of more strength on the cards. On the downside, support lies at the 1.4250 level where a break will turn attention to the 1.4200 level. Further down, support lies at the 1.4150 level...
Brent oil prices were boosted by IEA report, but failed to chew through offers around $41.00/barrel. Stays above 5-DMA The futures have trimmed gains to $40.75, but stay well above 5-DMA located at $40.40 levels...
The pound to Australian dollar conversion may be reaching a pause in its down-trend as all signals point to the move lower being overdone. There are signs that a temporary cessation in selling may be at hand. GBP/AUD has reached major support line in the form of the S1 monthly pivot at 1.8940...
Intraday Technical Levels and Trading Recommendations for NZD/USD for March 11, 2016 On January 28, the depicted support at 0.6400 acted as a prominent key level offering a valid buy entry. A bullish breakout above 0.6550 was executed a few weeks ago. Bullish persistence above 0...
Intraday Technical Levels and Trading Recommendations for USD/CAD for March 11, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...
Markets have confirmed what we suspected, the massive move higher witnessed in the wake of the ECB press conference was unjustified. The euro exchange rate complex has given up much of the gains made during and after the ECB press conference...
Intraday Technical Levels and Trading Recommendations for GBP/USD for March 11, 2016 On January 21, after the GBP/USD pair moved below 1.4220, evident signs of a bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4220 and 1.4360 again...
Intraday Technical Levels and Trading Recommendations for EUR/USD for March 11, 2016 In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms had been previously set in July 2012 and June 2010...
The single currency flew into space after Mario Draghi said at the yesterday's press conference that the regulator has no plans to further reduce the deposit rate. #EURUSD increasing looked especially dramatic after a wave of sales in response to the regulator's decisions...
#Gold was staying within borders of a rather gentle upward channel for a month. The ECB meeting and subsequent performances of Mario Draghi have resulted in a rather intensive growth to the upper border of this channel. Find out more by checking out the Source Link...
Research Team at ING, suggests that the next week is all about central banks, with a total of five key DM meetings taking place...
Dear Friends, Near about 2 years before gold trade was my favourite. That time I had earned good profit from gold trading. But I had spent more than 5 pips spread commission while trading in gold. I know, lot of traders are here who is trading in gold...
The ECB delivered significant easing measures on Thursday, lowering its depo rate by 10bp, cutting its refi rate by 5bp, increasing the run rate of asset purchases, adding scope to purchase corporate debt and announcing additional long-term repo operations...
