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AUD/USD: Next Meeting of RBA is Scheduled for 5 April Mrs. Yellen’s speech on Tuesday triggered the decline in the USD in the world currency markets. With the opening of the trading day today, the decline continued...
USD/CHF Rebounds After Hitting 5-Month Lows Under 0.9600 USD/CHF reached levels under 0.9600 for the first time since October. The pair bottomed at 0.9592 after Wall Street opening bell...
Japan's Manufacturing Activity Will Likely Contract This Quarter Data released earlier today by Japan's Ministry of Economy, Trade and Industry (METI) showed that Japanese industrial output fell sharply in February, falling by fastest rate since 2011...
An Upbeat Employment Report Could Keep Alive Expectations of June Fed Hike March non-farm payrolls will be the key release this week (Fri), and the ADP employment report on Wednesday will be watched for clues...
Brexit Spilling Over to Real Economy Yet? - Scotiabank Shaun Osborne Chief FX Strategist at FXStreet explained that the GBP has failed to emerge from the shadow of the “Brexit” debate to take fuller advantage of the weaker USD...
AUD/USD Bulls Tiring at Option Barrier Level AUD/USD bulls are losing their commitments at the 0.77 handle. AUD/USD has been in a bullish trend since since 24th March, drifting initially from 0...
U.S. Economy Requires a Hike in June - BBH Analysts at Brown Brothers Harriman explained that the US economy has evolved largely as the Federal Reserve anticipated. Key Quotes: "The slowdown in Q4 2015 was temporary; the underpinnings of the economy remain firm...
USD/CAD Falls Below 1.3000 to 5-Month Lows USD/CAD broke below 1.3000 and accelerated the decline. It bottomed at 1.2911, hitting the lowest level since October. The pair then rebounded as crude oil trimmed gains. Currently is trading at 1.2985/90, a hundred pips below yesterday’s closing price...
EUR/USD Hits 7-Week Highs EUR/USD gained momentum after the beginning of the American session and climbed to 1.1364, hitting the strongest level since February 11. The rally stopped just a few pips below 2016 highs that were reached at 1.1375...
WTI Eyes $40.00 on EIA Report The barrel of West Texas Intermediate is advancing further on Wednesday, currently up more than 3% and posting daily highs near $39.80. WTI up post-EIA report Prices for the barrel of American light sweet crude have ticked higher after inventories have increased by 2...
Traders build profits by identifying market inefficiencies through technical or fundamental analysis and taking risk at the most opportune time. It’s one of the few pursuits in which consistent losing is the natural component of a winning equation...
In March, meetings of the G-20, the Chinese National People’s Congress, and multiple think tanks all reflected a growing awareness of the risks to the global economy posed by deflation and intensifying financial instability...
The EURUSD has come off the highs in the last few minutes of trading. The pair had been testing key trend line resistance at the 1.1326 area and the high price from March 17 and 18 at the 1.1336 and 1.13418 levels respectively (see video on the EURUSD from yesterday...
Changes in exchange rates directly affect import prices. Since the beginning of 2014, the U.S. dollar has strengthened by 17 percent against the currencies of its major trading partners while import prices have fallen by 4 percent...
We have been witnessing serious Elliot waves going on GBPJPY on the downward trend, and a complete full cycle of 1,2,3,4,5 waves and A,B,C corrective waves has been formed...
We are still in the market with the long position in #GPBUSD, which brings us more than 100 points of floating #profit. The red Alligator's line position shows that if the market reverses, we will likely to fix this profit. Find out more by checking out the Source Link...
Our order to buy #EURUSD brings us a large floating #profit (at the time of writing the pair is at 1.1315). We have added volume to the position based on some System signals. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Analysis : Channel Up identified at 30-Mar-02:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.419 within the next 14 hours. Supporting Indicators : RSI above 60 Resistance Levels...
