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USDX Technical Analysis for March 22, 2016 The Dollar index remains in a bearish trend since early Decemeber of 2015. Price is making lower lows and lower highs. The short-term trend remains bearish while the longer-term trend is still neutral as price is trapped inside a trading range...
Gold Technical Analysis for March 22, 2016 Gold price has broken above the short-term bearish channel. Price remains in a sideways channel and could now be starting the final move higher towards $1,300...
Analytical Review of the Currency Pair USD/JPY Technical data of the currency pair: Previous closing: 111.95; Daily range: 111.68-112.20; Opening: 111.95...
Analysis : Triangle identified at 22-Mar-00:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 161.85 within the next 2 days. Resistance Levels : ( B ) 161.85Last resistance turning point of Triangle. Support Levels...
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. U.S...
German IFO and Zew Survey Preview: What to expect of EUR/USD? EUR/USD failed to cut through 5-DMA resistance of 1.1258 in Asia and now trades around 1.1245 levels ahead of German IFO release, which will be followed by Zew survey numbers...
Atlanta Fed head #DennisLockhart surprised market participants with his comments. He said that, in his opinion, the next #Fed rate hike will take place in April. Lockhart is confident that the U.S. central bank will not deviate from the path of monetary tightening...
USD/JPY: Heavy Selling Since Brussels Airport Explosion USD/JPY has lost the 112.00 handle, currently printing fresh lows for the day near 111.75, with the initiated selling being triggered by an explosion at Brussels airport, with several people reported dead...
Technical Analysis of USD/CAD for March 22, 2016 General overview for 22/03/2016: The market had tested the weekly pivot at the level of 1.3098, but the price is still trading inside the bearish zone. The last leg of the corrective cycle in wave Z brown might have been completed at the level of 1...
Daily Analysis of Major Pairs for March 22, 2016 EUR/USD: The bullish outlook on this pair is still valid. The market could continue going upwards but there is a possibility that the bears might come in and push the price downwards. The EUR could be seen weakening versus some majors this week...
Gold Jumps 0.50% as Asian Equities Drop Gold is up 0.50% around $1250/Oz levels amid moderate losses in the European equities after though Fed officials talked up rate hike bets...
AUD/USD Regains 0.7600 and Beyond The buying interest around the Aussie dollar remains buoyant today, with AUD/USD retaking the key 0.7600 resistance and advancing to daily highs...
EUR/GBP Above 0.7800 Ahead of UK CPI EUR/GBP is trading almost unchanged today, managing to keep the trade above the key 0.7800 barrier...
EUR/USD Runs into Confluence of Fibo level The bid tone around EUR recovered in Asia, pushing the EUR/USD pair to confluence of Fibo levels at 1.1257 (61.8% of 1.1714-1.0517) + 1.1253 (100% Fibo of 1.0517-1.1060-1.0711...
RBA's Stevens Says Moderation In House Prices Was Helpful Reserve Bank of Australia governor Glenn Stevens said the moderation in house prices in some locations due to tight lending standards was helpful...
European Economics Preview: German Business Confidence Data Due Business and economic confidence from Germany and consumer prices from the U.K. are due on Tuesday, headlining a busy day for the European economic news. At 3.00 am ET, Switzerland's foreign trade data is due for February...
FXWIREPRO: EUR/JPY Attempting Gains Above 126 Handle, Awaits German Ifo Data EUR/JPY is attempting to break above strong trendline resistance at 126.20. The pair has broken above 38.2% Fib of 132.28 to 122.05 fall at 125.96 and has reclaimed the 126 handle...
FXWIREPRO: Extending Pound/dollar Target to 1.55 Area In previous article, available at http://www.econotimes.com/FxWirePro-Pound-could-gain-towards-15-on-weaker-Dollar-178482 , we at FxWirePro fundamental, suggested that Pound might gain towards 1.5 area over weaker Dollar...
GBP/JPY Faces Strong Resistance Around 161.60, Break Above Targets 162.50/164 Major resistance – 161.60 (trend line joining 175.01 and 164.09) Major support – 159.50 The pair has recovered after making a low of 160.13. It is currently trading around 161.27...
