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Elliott Wave Analysis of EUR/JPY for March 30 - 2016 Wave summary: Resistance at 127.27 was not able to protect the upside, which calls for a more complex double zig-zag combination unfolding...
Technical Analysis of EUR/USD for March 30, 2016 When the European market opens, some economic news will be released such as the Italian 10-y Bond Auction and German Prelim CPI m/m. The US will release economic data too such as Crude Oil Inventories and ADP Non-Farm Employment Change...
Technical Analysis of USD/JPY for March 30, 2016 In Asia, Japan will release the Prelim Industrial Production m/m and the US will release some economic data such as Crude Oil Inventories and ADP Non-Farm Employment Change...
Daily Analysis of Major Pairs for March 30, 2016 EUR/USD: The EUR/USD pair broke upwards on Tuesday, moving above the support line at 1.1250, and is now very close to the resistance line at 1.1300...
Daily Analysis of DAX for March 30, 2016 On the H1 chart, the DAX had a strong decline held since the March 23th session and we're seeing a consolidation above the 200 SMA, where it's finding dynamic support...
Daily Analysis of S&P 500 for March 30, 2016 The SP 500 is moving inside a very strong bullish bias in the short-term and is currently dealing with the strong resistance zone around the 2055 level...
Technical Analysis of USDX for March 30, 2016 The Dollar index, as expected by our last analysis, has pulled back towards the short-term support at 95...
Daily Analysis of GBP/USD for March 30, 2016 GBP/USD had a very strong bullish momentum during Tuesday's session after the Fed meeting, which added some weakness to the US Dollar and helped the other currencies to gain some positions in the market...
USD/JPY Door Open for a Test of 110.67 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could be poised for a visit of the 110.60 area. Key Quotes “USD/JPY’s correction higher has failed at the top of a 6 week channel at 113...
USD/JPY: Yellen's Dovish Comments Should Curb Uptrend – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that the Fed Chair Janet Yellen remarked, "I consider it appropriate for the Committee to proceed cautiously in adjusting policy...
NZD/USD Breaks Massive Macro level at 0.69 NZD/USD has broken a massive macro resistance at 0.69, one that capped buyers numerous times in the last 6 months, resulting on stops all triggered, sending the rate over 50 pips higher from its round umber break, setting its highest at 0...
USD/JPY Drops Further, 112.00 on Sight The greenback is rapidly depreciating vs. its Japanese counterpart on Wednesday, now relegating USD/JPY to test the proximity of the 112.00 key support...
AUD Getting a Little ahead of itself? – Westpac Robert Rennie, Research Analyst at Westpac, notes that the A$ is currently trading barely within my measures of fair value. Key Quotes “Indeed, the low end for my fair value range sits at 0.76 and the upper end at 0.80...
USD/CHF Plummets to 0.9640, 2016 Lows The offered tone around the greenback is now gathering further traction, sending USD/CHF to fresh lows near 0.9640. USD/CHF attention to ADP The pair is posting fresh yearly lows in the 0...
Brent Oil Snaps Two-Day Losing Streak Brent oil is trading higher in Europe, putting an end to a two-day losing streak after the API data in the US showed smaller-than-expected inventory build...
US ADP Employment and Eurozone Confidence Main Market Movers Today – Danske Bank Research Team at Danske Bank, suggests that the release of the ADP employment data for March should give us an early indication of what to expect from the official job report for March due on Friday although, admitte...
FXWIREPRO: Modifying Strategy in Our Pound/Dollar Bull Call Anyone who have read through our post “Pound could gain towards 1.5 against Dollar” could easily relate, if not then you have the article here - http://www.econotimes.com/FxWirePro-Pound-could-gain-towards-15-on-weaker-Dollar-178482...
Expect Downward Pressure on the JPY Going Forward - NAB Research Team at NAB, notes that the Japan’s foreign exchange reserves remain high, and at USD1.25 trillion are the second highest in the world, after China...
