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We have closed an order to sale #USDJPY with a #profit. As a result of further upward movement, the fractal was crossed upwards, and it involved us to the buy order. Find out more by checking out the Source Link...
Dear Friends, Global Trends 2016 Report has been published for all clients. Now you can get this report (31 Pages). Please see the below message which brought to you from www.hotforex...
Analysis : Inverse Head and Shoulders identified at 23-Mar-10:30 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.311 within the next 8 hours. Supporting Indicators : Upward sloping Moving Average Resistance Levels...
Some particularly sensitive bulls heard the alarm bell when #Gold today went below the support line of the current medium-term uptrend. It is recommended to stay out of the market until the #quotes leave the range of 1226.55-1271.38. Find out more by checking out the Source Link...
We should note a downward momentum of #GPBUSD after yesterday's terrorist attacks in #Brussels. Due to this and other fundamental factors, soon we may witness the testing of the short-term uptrend support line. Find out more by checking out the Source Link...
USDX Technical Analysis for March 23, 2016 The Dollar index showed renewed strength yesterday and broke out of the short-term bearish channel. Is it a trend reversal? The decline has an overlapping structure which implies we are in a corrective phase...
Gold Technical Analysis for March 23, 2016 Despite an early breakout above the short-term resistance in Gold price, sellers pushed prices below support canceling the bullish scenario for a new high towards $1,300. As we said in our previous analysis, a rise from $1,045 can be completed...
Dear Valued Clients, Please be aware that Daylight Saving Time (DST) in Europe commences from the 25th March 2016. This change is over the Easter weekend which will also affect trading. Discover more about New Trading hours on our website...
There is no trade call today. The London session is again relatively light and may see low volatility. Current Sentiment: The Asian session was again light with a lack of data. FX trading has been rangebound. WTI is down nearly $1 from yesterday’s highs as the API inventory showed a build...
European Economics Preview: Swiss ZEW Economic Sentiment Data Due Economic confidence and economic forecast reports from Switzerland are due on Wednesday, headlining a light day for the European economic news. At 3...
Fitch Says China Banks Profitability Pressures To Continue Fitch Ratings said major Chinese banks' are likely to see subdued earnings growth in 2016, underscoring its negative sector outlook. Chinese bank's results for 2015 are set to be released next week...
EUR/USD: Higher Still on Valuation as ECB Gives Up its Euro Fight – Danske Bank Christin Tuxen, Senior Analyst at Danske Bank, suggests that the US data have started to surprise on the upside while that out of Europe continues to disappoint...
Gold Drops After Failing to Rise on Good News Gold is down 1% today as investors are losing interest in the metal, which failed to rise on good news flow throughout last week. Eyes 23.6% Fibo support Prices appear on track to extend losses and test $1227 (23.6% Fibo of Dec low-Mar high...
Major Currency Pairs Forecast – Danske Bank Research Team at Danske Bank, lists down the near-term forex forecast for the major currency pairs...
EUR/USD Losing Altitude, Breaches 1.1200 The offered tone is now picking up pace around the single currency, dragging EUR/USD to test sub-1.1200 levels, or session lows...
NZD: Scope for Short-term Rates to Move Lower Over Time - ANZ Research Team at ANZ, suggests that with the market not fully pricing in the 50bps of RBNZ cuts they expect over 2016, there is scope for short-term rates to move lower over time...
ECB: Less Focus on Rates, More on Volumes – Rabobank Research Team at Rabobank, notes that the ECB announced a comprehensive easing package on 10 March, including a 10bp deposit rate cut, new 4-y TLTROs and an expansion of QE by EUR20bn to EUR80bn a month, with IG non-bank corporate sector bonds...
USD/CAD Upside Capped Around 1.3100 The Canadian dollar is giving away part of the recent gains vs. its neighbor on Wednesday, with USD/CAD trading on a firm note near 1.3080...
Currency Truce and Polanyi’s Paradox – SocGen Research Team at Societe Generale, notes that the term ‘Currency Wars’ was used by Brazil’s erstwhile Finance Minister, Guido Mantega, in September 2010 in response to moves by some (Asian) countries to resist upward pressure on their currencies from...
