Technical Analysis of EUR/USD for March 22, 2016 When the European market opens, some economic news will be released such as Belgian NBB Business Climate, ZEW Economic Sentiment, German ZEW Economic Sentiment, the Flash Services PMI, the Flash Manufacturing PMI, German Ifo Business Climate, the G...
Technical Analysis of USD/JPY for March 22, 2016 In Asia, Japan will release the All Industries Activity m/m, Flash Manufacturing PMI and the US will release some economic data such as the Richmond Manufacturing Index, Flash Manufacturing PMI, HPI m/m...
Daily Analysis of USDX for March 22, 2016 The H1 chart structure remains bearish and the Index is currently dealing with the resistance zone of 95.44, where we can expect a pullback to resume the bearish bias on a short-term basis. If that scenario happens, then a breakout lower below the 94...
Daily Analysis of GBP/USD for March 22, 2016 GBP/USD is performing a decline and during yesterday's session we saw a strong domination by the bears in the overall bias of the Cable. Currently, we can expect a rebound above the support level of 2...
FXWIREPRO: Malaysian Ringgit Continues to Add Strength Against US Dollar, Intraday Bias Remains Bearish Pair is currently trading around 4.0200. It made intraday high at 4.0610 and low at 4.0220 levels. Intraday bias remains bearish till the time pair holds key resistance at 4.0933...
FXWIREPRO: NZD/USD Largely Rangebound, Further Bullishness Only on Break Above 0.6870 NZD/USD has been trading in a narrow range after seeing rejection at 0.6874 (strong trendline resistance) on March 18th. Upside on the day seen capped by 5-DMA at 0...
A fairly uneventful session has left AUDJPY coiling even tighter following the 650-pip rally that commenced on March 1st. I commented on the pair shortly after it began its ascent, noting the two channels I was keeping an eye on at the time. You can read that commentary here...
ECB, BOJ Seeking to Push Down Exchange Rates, Mervyn King Says The European Central Bank and the Bank of Japan are essentially trying to push down the values of their respective currencies with the use of negative interest rates, former Bank of England Governor Mervyn King said...
Analytical Review of the Stocks of Merck&Co. Inc. Merck&Co. Inc., #MRK [NYSE] Health care, drug production, USA Financial performance of the company: Index – DJIA, S&P 500...
FXWIREPRO: Nikkei225 Faces Strong Resistance Around 17300, Good to Buy at Dips Major resistance - 17300 The index has broken minor resistance around 17000 and jumped till 17097 at the time of writing slightly recovered after making a low of 17014. It is currently trading around 16664...
South Korean Won Continues to Gain Against US Dollar, Intraday Bias Remains Bearish USD/KRW is currently trading around 1160 levels. It made intraday high at 1164 and low at 1159 levels. Intraday bias remains bearish till the time pair holds key resistance at 1169 levels...
Aussie Gains on the Back of Higher Than expected Hpi Data AUD/NZD is currently trading around 1.1205 levels. Pair made intraday high at 1.1214 and low at 1.1189 marks. Australia's House Price Index rose 0.2% in the December quarter, following a 2.0% increase in the previous three-month period...
USD/SGD Hovers Around Initial Resistance at 1.3628, Intraday Bias Remains Neutral USD/SGD is currently trading around 1.3622 marks. It made intraday high at 1.3631 and low at 1.3593 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1.3481 levels...
China’s Monetary Policy Regime in Transition - Nomura The Global Markets Research Team at Nomura notes that China’s monetary policy regime is currently experiencing a transition towards a more market-based regime...
EURUSD Daily Forecast: March 22 2016 EURUSD Forecast The EURUSD was indecisive yesterday. The bias remains neutral in nearest term, but we have a potential false breakout bearish scenario as you can see on my H1 chart below especially if price able to make a clear break and daily close below 1...
GBPUSD Daily Forecast: March 22 2016 GBPUSD Forecast The GBPUSD had a bearish momentum yesterday closed below 1.4400 support area. The bias is bearish in nearest term testing 1.4300 region. Immediate resistance is seen around 1.4420...
USDJPY Daily Forecast: March 22 2016 USDJPY Forecast The USDJPY had a bullish momentum yesterday and hit 112.20 earlier today. The bias is bullish in nearest term testing 112.50 – 113.00 area. Immediate support is seen around 111.50...
USDCHF Daily Forecast: March 22 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias is neutral in nearest term but overall I remain bearish with nearest target seen around 0.9570 area. Immediate resistance is seen around 0.9730...
Support & Resistance Indexes (Update) Last updated: Mar 21, 1:44 pm +03:00 S - Strong | M - Moderate...
