Mirza Baig / Profil

USDCHF Daily Forecast: March 10 2016 USDCHF Forecast The USDCHF attempted to push higher yesterday topped at 1.0040 but whipsawed to the downside and closed lower at 0.9971. The bias is neutral in nearest term probably with a little bearish bias testing 0.9900 region. On the upside, 1...

USDJPY Daily Forecast: March 10 2016 USDJPY Forecast The USDJPY failed to continue its bearish momentum yesterday topped at 113.45 and hit 113.68 earlier today. This fact keeps the double bottom bullish scenario remains strong. The bias is bullish in nearest term testing 114.00/50 area...

GBPUSD Daily Forecast: March 10 2016 GBPUSD Forecast The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 1.4170. A clear break below that area could trigger further bearish pressure testing 1.4130 – 1...

EURUSD Daily Forecast: March 10 2016 EURUSD Forecast The EURUSD attempted to push lower yesterday bottomed at 1.0945 but closed higher at 1.0990. The bias is neutral in nearest term probably with a little bearish bias retesting 1.0945...

USD/JPY Recovery Stalls Near 113.70 Post-China CPI A fresh spurt of buying interest gripped the USD/JPY pair over the last hour, after markets were relieved somewhat after the Chinese CPI figures unexpectedly rose in Feb...

AUD/USD Bulls Relieved on China Data AUD/USD is little changed on the release of the Chinese CPI and PPI data and the bulls can relax. Chinese producer price index y/y for Feb came in line with expectations of -4.9% vs -5.3% prior. The consumer price index mom for Feb beat expectations of 1...

Oil Ticks Lower in Asia, WTI Off 2016 Highs Oil benchmarks on both sides of Atlantic are seen consolidating the upside after yesterday’s massive rally, which was backed by a drawdown in the gasoline inventories...

Us Oil Breaks Major Resistance $38.40, Targets $41 Major resistance - $38.40 (8th Mar high) Major support - $37 US Oil has broken major resistance $38.40 and jumped till $38. is currently trading around $38.22. Any break above $38.40 confirms minor trend reversal , a jump till $39.70/$41...

Nikkei225 Faces Strong Support at 16420, Good to Buy at Dips Major support -16420 ( trend line joining 14770 and 15523) Major Resistance - 17200 The index has recovered after making a low of 16493. It is currently trading around 16784...

Moody's: Impact of Low Oil Prices on Global Corporate Sectors Shifts As Oil Glut Continues The benefits of this prolonged period of very low oil prices are diminishing for some corporate finance sectors or even starting to have a negative impact on others, said Moody's Investors Service...

Asian Stocks Bounce, Shanghai Unimpressed by CPI The stocks on the Asian bourses rebounded this Thursday, heading for the first gain this week after RBNZ unexpectedly slashed rates, while markets remain expectant of the additional stimulus by the ECB...

EUR/USD: Bears Back in Charge Below 1.1000, ECB in Focus The EUR/USD’s recovery beyond 1.10 handle once again fizzled in early trades, and the prices reverted in the negative territory below the last. EUR/USD languishes near lows Currently, EUR/USD drops -0.20% to 1...