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FXWIREPRO: Nikkei225 Faces Major Support at 16500, Good to Buy at Dips Major resistance - 17300 The index has recovered after making a low of 16923 at the time of writing.It is currently trading around 17091.Short term trend is bullish as long as support 16500 holds...
USD/JPY: BUY Signals! The decline in the pair USD/JPY which has lasted since December 2015 seems to stop at the level of 111.40. Since March 18 the pair has grown without pullbacks...
USD/JPY: It is Expected that the Interest Rates in the USA will be Raised It seems the USD has grown due to the verbal support provided by US Fed representatives. President of the US Fed in St. Louis Mr...
Japanese Yen Gains on the Back of Higher Than Expected Household Spending Data USD/JPY is currently trading around 113.32 marks. It made intraday high at 113.48 and low at 113.28 levels. Japanese household spending rose for the first time in six months in February. Household spending rose 1...
Japan Household Spending Climbs 1.2% In February The average of household spending in Japan advanced 1.2 percent on year in February, the Ministry of Internal Affairs and Communications said on Tuesday - standing at 269,774 yen. That topped expectations for a decline of 1...
EURUSD Daily Forecast: March 29 2016 EURUSD Forecast The EURUSD had a bullish momentum yesterday topped at 1.1219. The bias is bullish in nearest term especially if price able to make a clear break and consistent movement above 1.1220 retesting the trend line resistance and 1.1280 – 1...
GBPUSD Daily Forecast: March 29 2016 GBPUSD Forecast The GBPUSD had a bullish momentum yesterday topped at 1.4282. The bias is bullish in nearest term testing 1.4300 – 1.4400 region as a part of the bullish phase since rejection to move below 1...
USDJPY Daily Forecast: March 29 2016 USDJPY Forecast The USDJPY didn’t make significant movement yesterday but overall still able to maintain its bullish bias and still prints higher high and low on daily chart. The bias remains bullish in nearest term testing 114...
USDCHF Daily Forecast: March 29 2016 USDCHF Forecast The USDCHF had a moderate bearish momentum yesterday bottomed at 0.9722. The bias is neutral in nearest term, probably with a little bearish bias testing 0...
Calculated level for today: Support (S1 / S2 / S3 = 40,29 / 39,97 / 39,45), resistance (R1 / R2 / R3 = 41,34 / 41,66 / 42,19). Key resistance levels (1st from 40.66 to 40.75 at the end of the day, the 2nd of 41.20 to 41.05...
Hi traders, In Asian markets between AUD and JPY, I prefer to wait the end of price jolt at major Support and Resistance in this week, with also put break even point at 2/25 pips for more safety before reaching the target and as anticipated price penetrated S/R...
Despite fiscal year-end looming March 31, the Japanese yen held a weak tone versus the dollar and other currencies Monday and was bucking the larger dollar trend as domestic issues weighed. Dollar-yen was trading at Y113.27 in afternoon action, in the middle of a tight Y113.05 to Y113.69 range...
The Federal Reserve could raise interest rates in June if the dollar doesn't spike in expectation of such a move, Fidelity Investment's Jurrien Timmer said Monday. Earlier on Monday, San Francisco Fed president John Williams told CNBC that while the U.S...
If another recession hits, does the Federal Reserve have any tools left to bring the economy back to growth and stability? Or has it run out of ammunition...
Consumer spending rose a mild 0.1% in February, as Americans held the line on big-ticket items such as new cars and pocketed a little more money. Already low inflation also fell slightly last month amid another drop in gasoline prices, the government reported Monday...
Analysts at Brown Brothers Harriman explained that EM started the week off on a firm note, though we note that many markets were closed Monday due to the Easter holiday. "For now, EM is benefitting from a supportive global liquidity outlook...
Shaun Osborne, Chief FX Strategist at Scotiabank explained that EURUSD losses from the mid 1.13 peak reached following the FOMC have slowed in the past few days, with steady support emerging in the low/mid 1.11 area...
Dollar Attempting A Comeback From Early Weakness The dollar dropped against its major European competitors Monday morning, but has begun to pare those losses this afternoon. Markets in Europe are closed today for the Easter holiday and U.S. economic data was largely positive this morning...
