AUDUSD. With the pair strengthening further on Wednesday and following through on Thursday, it looks to move higher to the 0.7400 level and beyond. On the downside, support resides at the 0.7300 level where a breach will aim at the 0.7250 level...
Technical Analysis of NZD/USD for March 03, 2016 Overview: The NZD/USD pair will continue rising from the level of 0.6671 today. So, the support is found at the level of 0.6671, which represents the 50% Fibonacci retracement level in the H1 time frame...
Technical Analysis of USD/CHF for March 03, 2016 Overview: The USD/CHF pair broke resistance, which turned into strong support at 0.9923. Right now, the pair is trading above this level. It is likely to trade in a higher range as long as it remains above the support (0...
Italian lender Intesa San Paolo keep their negative stance on the Aussie dollar despite its recent strong performance...
The question I am asked most often nowadays is this: Are we back to 2008 and another global financial crisis and recession...
Chinese equity and currency markets have been somewhat less turbulent since before the Lunar New Year holiday in early February and may remain so until after the National People's Congress, which begins later this week...
Quotes of #Gold stay at the familiar area, not giving a clear signal to enter the market to buy of to sell. From a fundamental point of view, gold is no longer supported, like it was in winter. In general, we can designate a gentle upward price channel and later use its boundaries...
Trading activity in #FOREX is slowly but surely reducing prior to Friday's U.S. labor market data. Meanwhile, #quotes still remain within a downward price channel. It is recommended to hold short positions. Find out more by checking out the Source Link...
AUD/USD interim uptrend of the last seven weeks remains in play and is challenging key MT trend resistance levels while remaining in the 6 month range, notes National Austrlia Bank (NAB...
The Canadian dollar has been one of the strongest performers within G10 over the past month. It is up over 4% against the USD since the start of February, with only JPY having performed better (up over 6% vs USD...
Themes: reverting back to type as risks become localised. We have highlighted how the CHF is no-longer the “go-to” currency during recent bouts of global market volatility...
The price action on EURUSD is similar to that seen in October as the market re-assessed where it stood with the Fed and prepared for the Dec ECB meeting, notes CitiFX. "EURUSD has sustained the break below levels in the 1...
EUR/USD: Bearish: Take partial profit at 1.0810. EUR moved to a low of 1.0823 before rebounding to close almost unchanged for the day. Indicators continue to show sign of basing but any recovery is unlikely to move significantly above 1.0920. The overnight low of 1...
USDX Technical Analysis for March 3, 2016 The Dollar index continues to trade inside the upward sloping channel. With Non-Farm Payrolls expected to be announced tomorrow, any prediction is dangerous and traders should better stay on the sidelines...
Technical Analysis of USD/CAD for March 3, 2016 03 Maret 2016 2:05 PM General overview for 03/03/2016: As anticipated yesterday, the market has made the high for the wave b purple around the intraday resistance at the level of 1.3480 and then reversed...
Research Team at Westpac, suggests that the AUD/USD this week rose above 0.73 for the first time since 4 January, having fallen as far as 0.6827 on 15 January...
Kit Juckes, Research Analyst at Societe Generale, suggests that a moderate bounce in oil prices was one of their calls at the end of last year, as was further uncertainty about Chinese currency policy in the face of continued economic softness...
Research Team at TDS, notes that the BCB kept its policy rate on hold at 14.25%, with two dissents for a 50bp hike maintained, as we had expected. Key Quotes “The only change in the terse statement was the removal of “increase” in the phrase “...
Research Team at TDS, notes that it was another positive data print today from Australia, with the Trade Balance for Jan coming in much better than what the Chinese Trade data had led us to believe. Key Quotes “The deficit for Jan was –A$2.94b vs mkt at –A$3.2b and $0...
