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EURUSD Daily Forecast: March 17 2016 EURUSD Forecast The EURUSD had a strong bullish momentum yesterday after a rejection to make a clear break below 1.1065 support area as you can see on my H1 chart below. The bias is bullish in nearest term testing the trend line resistance and 1.1300 region...

GBPUSD Daily Forecast: March 17 2016 GBPUSD Forecast The GBPUSD attempted to push lower yesterday bottomed at 1.4052 but whipsawed to the upside and closed higher at 1.4255. As long as stays below 1.4300 the bearish phase should remain valid but this fact could be seen as a false break below 1...

USDJPY Daily Forecast: March 17 2016 USDJPY Forecast The USDJPY attempted to push higher yesterday topped at 113.81 but whipsawed to the downside and closed lower at 112.53. The bias remains neutral in nearest term and the best strategy for me remains to buy around 112.50 or sell around 114...

USDCHF Daily Forecast: March 17 2016 USDCHF Forecast The USDCHF had a bearish momentum yesterday bottomed at 0.9750. The bias is bearish in nearest term testing 0.9700 before targeting 0.9600 region. Immediate resistance is seen around 0.9820...

GOLD: With GOLD rallying on Wednesday, we expect more upside pressure in the days ahead. to hold on to its downside pressure, further decline is envisaged. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level...

After the Fed and ECB, A Slew of Central Banks Tune Policy Talking Points: • The Federal Reserve lowered its rate forecasts Wednesday and the ECB leveraged its dovish effort last week • While the world's largest central banks set extreme and aggressive policy, smaller players are forced to adapt...

The euro is now expected to weaken to parity with USD, and its all because of those banks again.. US investment bank Morgan Stanley have taken an island stance remote from other major banks in calling parity for the EUR/USD by the end of 2016...

The pound to dollar exchange rate (GBPUSD) has bounced by an eye-opening 0.8% in the wake of the US Federal Reserve’s March policy meeting. At the time of writing GBP/USD is at 1.4271 ensuring much of this week’s weakness is reversed...

Pivot Points Daily Last Updated: Mar 17, 1:25 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.0804 1.09886 1.11051 1.11732 1.12897 1.13578 1.15424 USD/JPY 109.906 111.394 111.957 112.882 113.445 114.37 115.858 GBP/USD 1.37517 1.39724 1.41139 1.41931 1.43346 1.44138 1.46345 USD/CHF 0.94809 0...

On balance, the Fed’s communication was more dovish than expected, with a weaker tone on growth, but hints of a bit more concern on inflation...

As expected the Fed held rates unchanged, but in a dovish twist is now predicting only two rate hikes in 2016 vs four back in December according to the median of the dot plots...

1. The Fed is worried about global growth The big change in the statement was inserting a line saying "Global economic developments continue to pose risks...

As we head into yet another important FOMC statement, I wanted to bring up a currency pair that is somewhat sheltered from any Fed-induced volatility. I have mentioned AUDNZD several times since November of last year...

In our view, the March FOMC statement was more dovish than anticipated...

Support & Resistance for Indexes Last updated: Mar 16, 2:31 pm +03:00 https://www.mql5.com/en/blogs/post/657889 S - Strong | M - Moderate | W - Weak SPX500 SPX500: Will the Fed Feed the Bulls, or Set Them Out to Pasture? S1 2000.00 S R3 2082.60 S S2 1985.30 S R2 2065.45 S S3 1949.48 S R1 2043...

Support & Resistance Last updated: Mar 16, 2:31 pm +03:00 https://www.mql5.com/en/blogs/post/657889 S - Strong | M - Moderate | W - Weak EUR/USD EUR/USD Technical Analysis: Post-ECB Rally Stalls Near 1.12 S1 1.1094 M R3 1.1495 S S2 1.0919 M R2 1.1376 S S3 1.0778 S R1 1...

https://www.mql5.com/en/blogs/post/657889 FOMC Holds and the Dots Go Down: USD Crushed Talking Points: -The Fed held rates at this afternoon’s FOMC meeting. - The Fed did reduce the dot plot matrix, or expectations for future rate hikes, and this has brought considerable volatility into markets...

Analysts at J P Morgan see the AUD/USD trough lows holding, and the tentative up-trend advancing, although upside progress will probably be slow...

March FOMC: a press conference with Federal Reserve Chairwoman Janet Yellen - Thurs 3/16 - 2:30 PM ET The Federal Reserve System is the central banking system of the United States of America...

Rate hikes are coming, but the Fed is now closer to seeing eye to eye with markets in terms of how many, and how soon...