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Oil Drops Over 1% in Asia, Brent Off 2016 Highs Having reached fresh multi-week highs in the previous session, oil benchmarks on both sides of Atlantic now attempt a minor correction in Asia this Tuesday, as focus now remains on the Chinese trade data and the API stockpiles report...
Crude Oil
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Roberto Jacobs, 8 March 2016, 04:40
EURUSD Daily Forecast: March 08 2016 EURUSD Forecast The EURUSD was indecisive yesterday. Price attempted to push lower, bottomed at 1.0940 but whipsawed to the upside and closed higher at 1.1013. This fact keeps the bullish intraday bias remains intact challenging 1...
Analytics & Forecasts
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Roberto Jacobs, 8 March 2016, 04:35
GBPUSD Daily Forecast: March 08 2016 GBPUSD Forecast The GBPUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.4133 but whipsawed to the upside and closed higher at 1.4262. The bias is bullish in nearest term testing 1.4300...
Analytics & Forecasts
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Roberto Jacobs, 8 March 2016, 04:33
USDJPY Daily Forecast: March 08 2016 USDJPY Forecast The USDJPY had a bearish momentum yesterday and slipped below 113.15 earlier today. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below 113.15 testing 112...
Analytics & Forecasts
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Roberto Jacobs, 8 March 2016, 04:31
USDCHF Daily Forecast: March 08 2016 USDCHF Forecast The USDCHF was indecisive yesterday. Price attempted to push higher, topped at 1.0012 but whipsawed to the downside and closed lower at 0.9950. Once again, 1...
Analytics & Forecasts
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Roberto Jacobs, 8 March 2016, 04:30 #usdchf
EUR/USD Regains Momentum, Challenges Monday’s High The EUR bulls appear to have taken a breather in the Asian trades, with EUR/USD now consolidating the recent bullish run to 200-DMA at 1.1045 levels. EUR/USD extends beyond 1.1000 Currently, EUR/USD trades 0.08% at fresh session highs of 1...
Currency
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Roberto Jacobs, 8 March 2016, 04:27
USD/JPY Breaking to the Downside Below 113 Handle USD/JPY is catching the attention of the FX space, with the downside opening up and testing through the 113 handle marking a fresh low of the month at 112.87 so far and lowest level since the 29th Feb recovery at 112.23...
Currency
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Roberto Jacobs, 8 March 2016, 04:23
People who want Britain to leave the EU in hopes of reducing the amount of immigration into the UK will not like this chart from Simon Wells and Liz Martins, economists at HSBC...
Market News
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Francis Dogbe, 8 March 2016, 04:21 #GDP
The Australian dollar sprung to life again last week against its U.S. counterpart, rallying more than 300 pips from its lows and managing to close near its week high...
Weekly Trends
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Francis Dogbe, 8 March 2016, 04:18
EAs can assist traders and here are the results to prove it. After losing 3 trades on Friday, we came roaring back on Monday with 7 consecutive winning trades. We closed 3 sell trades with a total profit of 80 pips...
Analytics & Forecasts
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Winsor Hoang, 8 March 2016, 00:03
Hawks are rarer birds on the FOMC these days, and the most important among them, Fed Vice Chair Fischer, played his role in remarks today. He cited “the first stirrings of an increase in the inflation rate” as a sign that its “Phillips curve” tie to the jobless rate is still working...
Analytics & Forecasts
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Vasilii Apostolidi, 7 March 2016, 22:26 #forex
Reports indicate that some of the stolen funds were traced to the Philippines, but given what we know about the "Cyber Axis of Evil," we can only suspect it was Iranians, Chinese, or the criminal/military mastermind Kim Jong-Un who was behind the scam, but whatever the case, someone, somewhere, h...
Banks
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Francis Dogbe, 7 March 2016, 22:00
Support & Resistance Update for Indexes Last updated: Mar 7, 10:41 pm +03:00 S - Strong | M - Moderate...
Market News
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Mohammed Abdulwadud Soubra, 7 March 2016, 20:46
Support & Resistance Update Last updated: Mar 7, 10:37 pm +03:00 S - Strong | M - Moderate...
Market News
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Mohammed Abdulwadud Soubra, 7 March 2016, 20:43
Pivot Points Hourly Last Updated: Mar 7, 10:30 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09664 1.09885 1.09966 1.10106 1.10187 1.10327 1.10548 USD/JPY 113.017 113.246 113.342 113.475 113.571 113.704 113.933 GBP/USD 1.42349 1.42512 1.4258 1.42675 1.42743 1.42838 1.43001 USD/CHF 0.99108 0...
Market News
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Mohammed Abdulwadud Soubra, 7 March 2016, 20:40
GBP/USD Retail Longs Narrow 23% Ahead of Bank of England Testimony Talking Points: - GBP/USD Retail Longs Narrow 23% Ahead of Bank of England (BoE) Testimony. - USDOLLAR Continues to Carve Bearish Pattern Ahead of Fed Speeches. GBP/USD...
Market News
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Mohammed Abdulwadud Soubra, 7 March 2016, 20:37
The GBP stabilised this regardless of weaker data. In particular last week’s weaker than expected services PMI should be taken as an indication of more muted domestic conditions to the detriment of inflation and rate expectations...
Analytics & Forecasts
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Vasilii Apostolidi, 7 March 2016, 20:17 #eur/gbp
The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: Selling interest in the 1.1050 area, near the 200-dma helps keep our focus lower. Our targets are towards 1...
USD/CAD Breaks Below 1.3300 USD/CAD turned lower and hit fresh daily lows, as the Canadian dollar strengthened in tandem with oil prices, which are pushing to fresh session highs. USD/CAD fell nearly 100 pips over the last hours and bottomed out at 1...
Currency
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Roberto Jacobs, 7 March 2016, 19:03
AUDCHF: The Upside Prevails as long as 0.72000 is support. If Downside breakout of 0.72 would call for 0.701 and 0.69. The RSI is trading above 70. This could mean that either the pair is in a lasting Uptrend or just Overbought and that therefore a correction could shape...
Analytics & Forecasts
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Khurram Mustafa, 7 March 2016, 18:37