Elliott Wave Analysis of EUR/JPY for April 14 - 2016 Wave summary: No change in view here. We continue to look for a downside thrust out of the triangle for a decline towards 120.98 to end red wave iii and set the stage for a correction rally in red wave iv to the 123.55 - 123...
FxWirePro: AUD/CAD Breaks Strong Resistance at 0.9825, Good to Buy Dips AUD/CAD has broken strong trendline resistance at 0.9825, momentum is bullish. Better-than-expected Australian employment figures support upside in the Aussie...
FxWirePro: EUR/JPY Whipsaws on Strong Support at 123.082 But Prices Still Remain Below DMA's - No Traces of buying Yet Prices whipsaws on support 123.082 that falls below DMA, Oscillators signals no buying but bearish biased, downtrend moving in sloping channel so far...
Technical Analysis of EUR/USD for April 14, 2016 When the European market opens, some economic news will be released such as the Final Core CPI y/y and Final CPI y/y...
Technical Analysis of USD/JPY for April 14, 2016 In Asia, Japan will release the 30-y Bond Auction and the US will release some economic data such as the 30-y Bond Auction, Natural Gas Storage, Unemployment Claims, Core CPI m/m, CPI m/m...
This weekend a long-awaited meeting of key #oil market representatives will be held in #Doha, Qatar. The market expects that as a result of this meeting, producers will "freeze" oil production at the current levels. Let's highlight some key issues of the meeting...
FxWirePro: Buy Gold Above $1234 With Stop Loss at $1227 and Target $1247 XAU/USD is currently trading around $1234 mark. It made intraday high at $1242 and low at $1228 levels. Intraday bias remains bullish till the time pair holds key support at $1228 marks...
FxWirePro: NZD/CAD Faces Strong Resistance Around 0.8905 , Good to Sell on Rallies Major support- 0.8750 The pair has broken minor support 0.8800 and declined till 0.87929. It is currently trading around 0.87929. The Bank of Canada (BOC) as expected kept its interest rates unchanged at 0...
Daily Analysis of USDX for April 14, 2016 USDX is very close to finding strong resistance around the 94.85 level in an effort to resume the bearish bias toward new lows, as the Index is getting outside of the 200 SMA on the H1 chart...
Daily Analysis of GBP/USD for April 14, 2016 GBP/USD is trying to test the support level of 1.4163, where a breakout can happen to reach new lows. We should keep in mind that a strong resistance is placed around the 1.4278 level, which is also giving us the path for a short-term basis...
Daily Analysis of Major Pairs for April 14, 2016 EUR/USD: The rally on the USD/CHF pair has forced EUR/USD to break southward. The price is now below the resistance line at 1.1300, going towards the support line at 1.1250...
FxWirePro: Silver Fails to Break Key Support at $15.98, Intraday Bias Remains Bullish XAG/USD is currently trading around $15.05 marks. It made intraday high at $16.21 and low at $15.99 levels. Intraday bias remains slightly bullish till the time pair holds immediate support level at $15.98 marks...
FxWirePro: EUR/GBP Holds Above Strong Trendline Support, Focus on Boe Policy Meet EUR/GBP edges higher from fresh 2-week lows at 0.7925, and is on track to post the first weekly loss after five consecutive advances. Our previous call (http://www.econotimes...
Japan’s economic and financial malaise once was thought to have little relevance for other advanced economies. Respected Western economists and policy makers even argued that “Japan couldn’t happen here...
Analytical Review of the Stocks of Alcoa Inc. Alcoa Inc., #AA [NYSE] Industrial goods, Aluminum, USA Financial performance of the company: Index – S&P 500; Beta – 1.14...
FxWirePro: Negative RBNZ News and Lower Oil Prices Weigh on the Kiwi, Good to Sell NZD/USD Rallies Kiwi bears retained control amid negative RBNZ news and lower oil prices...
FxWirePro: USD/SGD Hovers Around Key Resistance at 1.3628, Break Above Targets 1.3709 USD/SGD is currently trading around 1.3625 marks. It made intraday high at 1.3636 and low at 1.3493 levels. Intraday bias remains neutral till the time pair holds initial resistance at 1.3628 levels...
SGD: MAS Returns to GFC Policy Stance - Westpac Sean Callow, Research Analyst at Westpac, notes that the Monetary Authority of Singapore (MAS) returned to the neutral stance on SGD it adopted in the wake of the Global Financial Crisis...
Nikkei Drives Asia Higher as Yen Extends Slide The risk-on sentiment across the Asian markets intensified this Thursday, after a strong close on the Wall Street overnight and higher base metals’ prices. While unexpected easing by Singapore’s central bank also provided fresh impetus to the markets...
