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EUR/JPY Deflates to Lows Near 123.50 The now offered tone around the European currency is dragging EUR/JPY lower on Wednesday, testing the area of daily lows in the mid-123.00s...

EUR/USD: 200-DMA is a Tough Nut to Crack The EUR/USD pair was offered again at the 200-DMA level of 1.1045 despite china-led risk off in the major European equities. Eyes Eurozone GDP The immediate focus is on the Eurozone Q4 GDP, which is expected to remain unchanged at 0.3% q/q and 1.5% y/y...

GBP/USD Finds Support Near 1.4220 The sterling remains on the defensive today, with GBP/USD dropping to session lows in the 1.4220 area. GBP/USD lower on steady Carney In spite of the current decline, the pair manages to keep the trade in the upper end of the recent range above he 1...

EUR/GBP Ignores Eurozone GDP Release, Stays Hourly 50-MA The common currency ignored the Eurozone Q4 GDP release, leaving the EUR/GBP cross unaffected around hourly 50-MA seen at 0.7734 levels. Weak stocks support EUR The pair clocked a high of 0...

Eurozone 4Q GDP revised to 1.6%YoY, Investment Booming Teunis Brosens, Research Analyst at ING, suggests that today’s details on Eurozone GDP in the fourth quarter, albeit long gone, show some encouraging signs about the Eurozone recovery...

Technical Analysis of GBP/JPY for March 08, 2016 GBP/JPY is expected to trade with a bullish bias above 160.30. The pair stands firmly above its nearest support at 160.30, and is likely to post a new rebound after the recent consolidation...

Technical Analysis of NZD/USD for March 08, 2016 NZD/USD is expected to trade with a bullish bias above 0.6730. Trading at 0.6769, the pair remains in consolidation, but still holds above its key support at 0.6730, which is expected to limit any room downside...

Technical Analysis of USD/CHF for March 08, 2016 USD/CHF is expected to trade in line with a bearish outlook. The pair has struck against its major resistance at 1.0010, and is now turning downwards following yesterday's rallies...

EUR/USD Around 1.1020 on EMU Data The European currency keeps its daily gains vs. the dollar today, with EUR/USD hovering over the 1.1020/25 band so far...

EUR/USD Finds Resistance Below 1.1060 and Retreats EUR/USD gained momentum after Wall Street opening bell and climbed to 1.1058, hitting a fresh 1-week high. The pair lost strength below 1.1060 and pulled back as main stock indexes in the US moved off session lows. It was trading at 1...

USD/CAD Breaks Above 1.3400 as Oil Plummets USD/CAD rallied to 4-day highs as oil prices plummeted during the American session in a risk-off environment, with US stocks down and Treasuries up. USD/CAD climbed more than 100 pips over the last hours and broke above the 1...

USDCHF Daily Forecast: March 09 2016 USDCHF Forecast The USDCHF had another indecisive movement yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 1.0000/35 which remains a good place to sell with a tight stop loss targeting 0.9820 area...

USDJPY Daily Forecast: March 09 2016 USDJPY Forecast The USDJPY continued its bearish momentum yesterday and hit 112.41 earlier today. The bias remains bearish in nearest term testing 111.65 – 110.96. Immediate resistance is seen around 113.15...

GBPUSD Daily Forecast: March 09 2016 GBPUSD Forecast The GBPUSD had a bearish momentum yesterday bottomed at 1.4173. The bias is bearish in nearest term testing 1.4130 which is a good place to buy with a tight stop loss targeting 1.4300 – 1.4500. A clear break and daily close below 1...