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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...
Dramatic Journey of Euro in the Aftermath of ECB Piotr Matys, EM FX Strategist at Rabobank, notes that the ECB revealed a comprehensive package of easing measures to boost inflation and economic activity in the Eurozone. Key Quotes “Key measures include a 10bp cut in the deposit rate to -0...
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...
EUR/GBP Slumps to 0.7750 on GBP-Buying The selling pressure around the single currency is picking up pace today, now sending EUR/GBP to test fresh lows in the mid-0.7700s. EUR/GBP down from 0.7850 The European cross is losing around a cent since overnight tops in the 0...
EUR/USD Extends the Drop to 1.1080 The selling mood is now gathering further steam around the shared currency, with EUR/USD testing the 1.1085/80 band. EUR/USD focus on 200-day sma? Spot accelerates its recent rejection from the 1...
EUR/USD Losing Altitude, Challenges 1.1100 The common currency is now facing further selling pressure, relegating EUR/USD to trade in the lower bound of the range near 1.1100 the figure. EUR/USD gains limited around 1...
AUD/USD Pops as Traders Ignore Iron Ore Price Slide The AUD/USD pair is sitting above 0.75 handle as markets ignored Iron ore futures in Singapore, which sank back toward $50 a metric ton. Bid above by 5-DMA The spot found bids above 5-DMA at 0.7470...
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...
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...
Pivot Points-Hourly Last Updated: Mar 11, 2:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.10335 1.10629 1.1073 1.10923 1.11024 1.11217 1.11511 USD/JPY 113.447 113.627 113.705 113.807 113.885 113.987 114.167 GBP/USD 1.42277 1.42588 1.42722 1.42899 1.43033 1.4321 1.43521 USD/CHF 0.98428 0...
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...
