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Bulls in #EURUSD continue to experience difficulties, attacking the technically important resistance line. Currently, the risks are going more and more in favor of further decline, but there is no clarity yet. Find out more by checking out the Source Link...
f this area keeps gains in check, price could head back to the previous lows at 111.00 or perhaps much lower. A higher pullback to the 61.8% Fib at 115.50 could still be possible but this might be the line in the sand when it comes to a correction...
While the ECB failed to meet market expectations by expanding the current QE program at the December 3 meeting, the prospects for another round of easing were announced at the January 21 meeting...
EUR/USD: Change to Neutral: Short-term top in place, corrective pull-back could extend lower to 1.1060. While we pointed out yesterday that a short-term appears imminent, the ease of which the major 1.1180 support was taken out was unexpected...
2016 has a been a jittery, volatile year so far for markets. The trouble began with circuit-breaker halts in Chinese stock markets and continued with a bank rout in Europe...
#OPEC representatives will hold a closed meeting with Russia and Iran. #Traders speculate about a possible agreement on #oil production cut, but analysts say, that such a scenario is unlikely, as these countries don't want to loose market shares. Find out more by checking out the Source Link...
Pre European Open, Daily Technical Analysis February 16, 2016 GBP/USD Intraday: under pressure. Pivot: 1.4485 Most Likely Scenario: short positions below 1.4485 with targets @ 1.4380 & 1.4350 in extension. Alternative scenario: above 1.4485 look for further upside with 1.4535 & 1...
Forecast NZDCAD 16.2.2016 In the daily chart, the price is up trend. A drop is expected if the trend line is breached around 0.9000 . http://myforexoffice.com/analysis-news/forecasts-technical-analysis...
Morning in Tokyo, time to wheel out the taking heads...
old futures dropped sharply on Monday on signs of growing appetite for riskier assets as Japanese stocks surged 7% and investors cashed in on recent strong gains for the metal. April gold GCJ6, -2.49% fell $28.20, or 2.3%, to $1,211.10 an ounce. On Friday, gold finished down $8.40, or 0...
USDCHF Daily Forecast: February 16 16 Februari 2016 2:06 AM USDCHF Forecast The USDCHF had a bullish momentum yesterday topped at 0.9889. The bias remains bullish in nearest term testing 0.9985 which is a good place to sell. Immediate support is seen around 0.9850...
USDJPY Daily Forecast: February 16 16 Februari 2016 2:09 AM USDJPY Forecast The USDJPY had a bullish momentum yesterday topped at 114.73. The bias remains bullish in nearest term testing 115.20 – 116.00 which is a good place to sell. Immediate support is seen around 114.10...
GBPUSD Daily Forecast: February 16 16 Februari 2016 2:12 AM GBPUSD Forecast The GBPUSD had a bearish momentum yesterday bottomed at 1.4413. The bias is bearish in nearest term testing 1.4350 which is a good place to buy with a tight stop loss targeting 1.4700...
An Australian mining company has just announced the discovery of an enormous 400-carat diamond, and its shares are going wild. The find – the biggest diamond ever unearthed in Angola – was announced by the Perth-based Lucapa Diamond Company...
EURUSD Daily Forecast: February 16 16 Februari 2016 2:18 AM EURUSD Forecast The EURUSD continued its bearish momentum yesterday bottomed at 1.1128 but traded a little bit higher hit 1.1179 earlier today after touched the daily EMA 200 as you can see on my daily chart below...
USDJPY: The pair continued further higher on the back of its Friday strength on Monday. USDJPY faces recovery threats towards key resistance. On the downside, support comes in at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111...
GBP/USD down to 1.4430 from 1.4475 There were no big surprises from McCafferty but he said negative rates are a tool the BOE could use. He also said that he expects the next rate move to be up. The pound was probably ready to roll over anyway as the US dollar catches a broad bid...
The euro hit stops on the break of the Feb 10 low of 1.1159 as the market circles back towards the idea that ECB action is coming in March. The pair also broke 1.1150, touching a few pips below. Technically, the break clears the way to last week's low of 1.1085...
