We are holding the short position in #Gold. Among signals to add we should specify bars of the "red zone." The value of the red Alligator's line is at 1242.64. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
The US dollar has one more round of fight left in it. But its bull run has been tiring for a while now and, after a final bout of strength mid-year, the greenback will hit the mats versus a range of other currencies...
The 23rd of March marked a milestone in that we are now three months away from the EU referendum. The countdown has begun. The GBP has traded heavily in recent sessions, as the mild “risk-off” tone and heightened political uncertainty have weighed on the GBP to USD exchange rate in particular...
Pullbacks in the pair remain buying opportunities, reiterated Strategist at Westpac Robert Rennie. “This week’s weaker than expected Japanese PMI adds to the sense that the industrial sector in Japan is doing it tough”...
With the dollar on the wane and oil on the gain commodity Dutch lender ABN Amro have had to scratch out recent foreign exchange forecasts and make some notable changes...
USD/JPY Trims Gains as Weak Data Overshadows Hawkish Bullard Disappointing durable goods released the US made sure USD/JPY trimmed gains despite NY Fed’s Bullard view of a possibility of an early rate hike. Rejected at 113.00 Stop clocked a high of 113.00 earlier today before backing off to 112...
EUR/USD Keeps the Red Post-US Data The European currency keeps the negative note vs. its American peer on Thursday, taking EUR/USD to the 1.1160/65 band for the time being. EUR/USD muted on US releases Spot kept the composure after US Durable Goods Orders have contracted less than expected 2...
It appears that rising Fed rate expectations to the benefit of the USD have been lowering investors’ demand for risk assets. With several Fed members confirming this week that two more hikes this year seem reasonable and as markets still under-price such a scenario caution remains warranted...
US Durable Goods Orders Preview: What to Expect of EUR/USD? Dollar maintained its bid tone in Europe, keeping the EUR/USD pair moderately lower in the range of 1.1150-1.1170. At one point, risk-off in Europe did come to the rescue for EUR, but failed to push it into the positive territory...
Technical Analysis of NZD/USD for March 24, 2016 Overview: The NZD/USD pair opened below the daily support of 0.6724. It continued to move downwards from the level of 0.6724 to the bottom around 0.6670. Today, the first resistance level is seen at 0.6724 followed by 0...
EUR/NZD Analysis for March 24, 2015 Overview: Recently, EUR/NZD has been moving sideways around the price of 1.6700. At the H4 time frame, the price is still trading in a defined trading range between the price of 1.6475 (support) and the price of 1.6865 (resistance...
In view of Richard Franulovich, Strategist at Westpac, the pair points to further consolidation between 1.0800-1.1350 for the time being. “Not a lot to do in EUR/USD right here as it ambles in a rough 1.08-1.1350 range and long term moving averages turn almost perfectly horizontal...
Technical Analysis of USD/CHF for March 24, 2016 Overview: The USD/CHF pair was argumentative as it was trading in a narrow sideways channel, the market showed signs of instability. According to the previous events, the price is still moving between the levels of 0.9704 and 0.9821...
Daily Analysis of Major Pairs for March 24, 2016 EUR/USD: The EUR/USD pair has come down by 100 pips this week – a slow and gradual process. Further downward movement is expected and this might render the recent bullish outlook illogical. The bears would target the support lines at 1.1150 and 1...
GBP showing some signs of outperformance, gaining against the USD and EUR in recent trade, but now also showing potential against the commodity currencies. GBP/AUD has been recovering well from sub 1.8600’s levels yesterday morning, and now looks set to extend gains towards 1...
USD/CAD Could Rebound Towards 1.3500 – Westpac In opinion of Richard Franulovich, Strategist at Westpac, a test of the 1.3500 handle remains on the cards...
Pressure of bears in the #Gold market increased, which has led to a breakthrough of the nearest technically important support level. Now we can draw the current downtrend channel. It is recommended to hold an order to sale opened on a breakthrough of 1226.55...
#USDJPY continued to recover after the quotes had tested the whole area, consisting of a number of support levels. It is recommended to be out of the market and to consider sales if the pair achieves and then rebounds from the upper border of the horizontal trading channel...
Pound sterling has been unable to reap advantage from news retail sales beat analyst expectations by a decent margin. In London trade we are seeing sterling remain under pressure, despite good economic data being released...
