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Crude Oil Steaming Toward $40 Crude oil prices continued to rise Thursday morning despite record U.S. inventories. Commercial crude oil inventories increased by 1.3 million barrels from the previous week, the EIA said. WTI crude oil for April was up 73 cents at $39...
The chart below shows the US dollar index over the past 40 years together with its longer term moving average, as well as one and two standard deviation bands...
Gold Jumps Near $1270 As Fed Turns Skittish Gold prices surged Thursday morning after yesterday's surprisingly dovish Federal Reserve statement. Nervous about the global economy, the Fed predicted two rate hikes in 2016 instead of four...
Swiss National Bank Retains Negative Interest Rates The Swiss National Bank retained its negative interest rate and repeated that it will be active in the foreign exchange market as the Swiss franc remains significantly overvalued...
Euro Rises As Eurozone Core Inflation Beats Forecasts The euro strengthened against most major rivals in the European session on Friday, as the Eurozone annual core inflation rose more than expected in February...
FOMC: Surprise Came in the Downward Adjustment of the Dot Plot - Rabobank Bas van Geffen, Quantitative Analyst at Rabobank, notes as widely expected the FOMC decided to leave rates on hold. Key Quotes “The surprise came in the magnitude of the downward adjustment of the dot plot...
GBP/USD Advances Above 1.4400 on BoE The buying interest remains solid around the British pound, with GBP/USD now flirting with session highs beyond 1.4400 the figure...
The U.S. currency came under serious pressure versus its competitors in FOREX on all fronts. Thus, #USDJPY #quotes have left borders of the graphic pattern "triangle", which was relevant during the past few weeks, breaking its lower border. Find out more by checking out the Source Link...
A technical picture in #USDCAD has changed dramatically. The #Fed meeting gave bears in the pair an opportunity to successfully storm the support line of the medium-term uptrend. It is recommended to hold short positions opened on a breakthrough of a support line...
Dollar Index Technical Analysis for March 17, 2016 The Dollar index made a new low yesterday breaking the triangle pattern downwards after the FOMC meeting. Trend remains bearish as we approach the important support area of 95...
Technical Analysis of USD/CHF for March 17, 2016 USD/CHF is expected to extend its downside movement. After yesterday's sharp decline, the pair is now in a downtrend, capped by its falling 20-period and 50-period moving averages...
Technical Analysis of NZD/USD for March 17, 2016 NZD/USD is expected to trade in a higher range. The pair jumped above its previous resistance at 0.6705, which now acts as support. The upside potential has been opened towards 0.6805...
Technical Analysis of GBP/JPY for March 17, 2016 The GBP/JPY is expected to trade with a bearish bias. After yesterday's sharp decline, the pair has clearly reversed down, and is likely to post a new drop towards 158.70. The relative strength index is badly directed...
Technical Analysis of CHF/JPY for March 17, 2016 CHF/JPY seems to establish a bearish trend after breaking below the ascending Fibonacci channel and then breaking below the 161.8% retracement line. The first corrective wave after the 161...
Analysis : Channel Down has broken through the resistance line at 16-Mar-20:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 0.679. Supporting Indicators : Upward sloping Moving Average Resistance Levels...
Technical Analysis of EUR/USD for March 17, 2016 When the European market opens, some economic news will be released such as the Spanish 10-y Bond Auction, Trade Balance, Final Core CPI y/y, Final CPI y/y, Italian Trade Balance...
Technical Analysis of USD/JPY for March 17, 2016 In Asia, Japan will release the Trade Balance, and the US will release some economic data such as Natural Gas Storage, the CB Leading Index m/m, JOLTS Job Openings, Unemployment Claims, the Philly Fed Manufacturing Index...
Technical Analysis of Silver for March 17, 2016 Technical outlook and chart setups: Silver pulled back towards $15.60/65 levels yesterday before reversing lower. The metal has held resistance at $15.80/90 levels as expected and should be looking to drop lower into $14...
Gold Technical Analysis for March 17, 2016 Gold price bounced strongly upwards to our target of $1,245-50 and then, broke even higher after the FOMC meeting last night. Price has reached the 61.8% Fibonacci retracement of a decline from the recent high at $1,283...
