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Technical Analysis of Silver for April 11, 2016 Technical outlook and chart setups: Silver is seen to be trading at $15.40 levels for now, looking to resume moving lower either from here or from $15.50/60 levels. Also note that $15.60 levels is fibonacci 0.618 resistance of the drop from $16...
Technical Analysis of Gold for April 11, 2016 Technical outlook and chart setups: Gold is seen to be trading higher at $1,244.00/45.00 levels at the moment, looking to push lower this week. The metal might print a high at $1,254.00/55.00 levels before reversing lower again...
USD/CAD in a Tight Range Near 1.3000 USD/CAD is posting meager gains at the beginning of the week, now attempting a consolidative pattern below the 1.3000 handle...
Daily Analysis of Major Pairs for April 11, 2016 EUR/USD: This pair had a flat movement last week, for the price was unable to close above the resistance line at 1.1450 in spite of forays into it (the resistance line at 1.1400 was also subjected to desperate attacks from the bulls...
FXWIREPRO: NZD/JPY Finds Strong Support at 72.80, Momentum Bearish NZD/JPY has taken strong trendline support at 72.89 on Apr 7th trade and edged higher. The pair currently trades around 73.65 levels, Doji formation seen in the Asian session after the pair was rejected at highs by 74...
BoE and Fed Speakers Amongst Market Movers This Week – Danske Bank Research Team at Danske Bank, suggests that several Fed members are due to speak this week...
Dear Friends, We have 6 high impact news release schedule in this week (April – 10 to 16, 2016) which may tradable. Time mentioned New York Time. Tuesday, April 12, 2016...
Daily Analysis of USDX for April 11, 2016 On the H1 chart, USDX attempted to break the low around the 93.95 level, to extend the bearish bias on a short-term basis. Currently, there is a double bottom pattern formation above the support zone of 93...
Daily Analysis of GBP/USD for April 11, 2016 GBP/USD is currently doing some corrective moves above the support zone of 1.4118, after a rebound that was made around the 1.4062 price level...
EUR/GBP Navigating Session Lows Near 0.8070 The better tone in the sterling is prompting EUR/GBP to trade in the lower end of the daily range around 0.8070...
FXWIREPRO: NZD/USD Edges Above 0.68 Handle, Rise in Oil Prices Supports NZD/USD retakes the 0.68 handle as commodity currencies are being supported by sharp rise in oil. With the US dollar still on the back foot the risks for NZD/USD remain to the upside...
FXWIREPRO: South Korean Won Breaks Key Support at 1153, Good to Sell on Rallies USD/KRW is currently trading around 1145 levels. It made intraday high at 1154 and low at 1145 levels. Intraday bias remains bearish for the moment...
GBP/USD: on the Front Foot, Eyes 38.2% Fibo Level GBP/USD strengthened in Asia and is maintaining its bid tone in early Europe with eyes set on 1.4154 (38.2% of 1.4669-1.3835...
China: Strong Reasons for the PBOC to Stay the Course - ING Tim Condon, Chief Economist at ING, assumes that the PBOC is likely to keep the NEER steady and ING’s forecast that USD/Majors will be range bound is behind their yearend 6.47 USD/CNY forecast...
EUR/USD – Attempting Break Above Key Fibo, Strong Yen Weighs EUR/USD is having a tough time taking out hurdle at 1.1418 (23.6% of Mar 2015 low-Aug 2015 high) amid strength in Yen and resulting weakness in EUR/JPY cross. Range trading continues Pair is looking to extend the week long range of 1...
BoE: Holding its Breath - Rabobank Jane Foley, Senior FX Strategist at Rabobank, notes that the relevance of Bank of England (BoE) policy meetings for asset prices has paled into insignificance recently in comparison to those of the Federal Reserve, ECB and BoJ...
Germany: Some Relief but No Reason to Cheer - ING Carsten Brzeski, Chief Economist at ING, notes that the German exports recovered in February, but the revival was too weak to get overly excited and it will take a while before exports can return as powerful growth engine...
Asian Markets Start the New Week on a Mix Note, Gold Hovers Around $1250 All the major Asian markets are trading on a mix note on Monday. From the data front from China, Country’s Consumer-price inflation was unchanged at a 19-month high. The CPI rose at a steady pace of 2...
FXWIREPRO: AUD/JPY Holds Above Strong Trendline Support at 80.75, Weakness to Resume on Breaks Below 80.75 Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-holds-cloud-top-support-at-8290-good-to-go-short-on-breaks-below-190866) has hit all targets...
