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Pre European Open, Daily Technical Analysis Friday, March 18, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the upside prevails. Pivot: 1.1240 Most Likely Scenario: long positions above 1...

Elliott Wave Analysis of EUR/JPY for March 18, 2016 Wave summary: There is a rally; nothing new to add here. We continue to expect minor resistance at 126.70 will protect the upside for a break below minor support at 125.05 calling for renewed downside pressure towards 122.06 and lower to 119.90...

Technical Analysis of EUR/USD for March 18, 2016 When the European market opens, some economic news will be released such as the German PPI m/m. The US will release economic data too such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment...

Technical Analysis of USD/JPY for March 18, 2016 In Asia, Japan will release the Monetary Policy Meeting Minutes and the US will release some economic data such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment...

Daily Analysis of Major Pairs for March 18, 2016 EUR/USD: The EUR/USD pair broke upwards on Wednesday, ending the short-term consolidation phase in the market. The price moved further upwards on Thursday – making it a movement of at least 260 pips within two days...

Asian Stocks Aim for Fifth Weekly Gain, Turn Positive for the Year Asian stock markets advanced on Friday following an oil-driven rally on Wall Street yesterday. Scorecard MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0...

Daily Analysis of USDX for March 18, 2016 The Index is currently working on performing a breakout below the support zone of 94.69, in order to extend the decline towards the 93.89 level, after a strong bearish move was seen during yesterday's session...

Daily Analysis of GBP/USD for March 18, 2016 On the H1 chart, GBP/USD has been forming a higher high pattern after a bullish momentum gained above the 200 SMA. Currently, it's facing off the strong resistance around the 1...

Antipodean Currencies Gain Amid Rising Risk Appetite Antipodean currencies such as the Australian and the New Zealand dollars strengthened against their major counterparts in the Asian session on Friday amid rising risk appetite following positive cues from Wall Street overnight and higher crude...

FXWIREPRO: NZD/USD Breaks Strong Resistance at 0.6850, Good to Go Long on Close Above, Target 0.6925 Broad based weakness in US Dollar and rising commodities buoying the Kiwi. The pair has broken strong resistance at 0.6850 on the day, but has pared some gains to currently trade at 0.6836 levels...

Artificial intelligence is poised to automate lots of service jobs. The White House has estimated there's an 83% chance that someone making less than $20 will eventually lose their job to a computer. That means gigs like customer service rep could soon be extinct...

Filling out a bracket for the NCAA championship basketball tournament is an annual highlight for sports fans like myself...

Fitch: Policy Outlook Positive for Aussie Bank Credit Profiles The Australian Prudential Regulation Authority's (APRA) prudential policy outlook for 2016 reinforces Fitch Ratings' view that regulatory developments over the next two to three years will strengthen the Australian banking system...

Eurozone Recovery Ongoing, Poitical Risks Rising - Moody's Moody's rating agency is crossing the wires, noting that the Eurozone recovery is ongoing, while political risks rising, Reuters reports...

AUD/USD Bulls Hunting Down R1 for 0.77 Handle AUD/USD is currently making an addition run towards the 0.77 handle now in Asia as the greenback takes another beating. AUD/USD's price takes the RSI (14) 1hr to 67 and heads to R1 0.7717. The Yuan fix was at 6.4628 vs 6...

EURUSD Daily Forecast: March 18 2016 EURUSD Forecast The EURUSD continued its bullish momentum yesterday topped at 1.1342. The bias remains bullish in nearest term. As you can see on my H1 chart below price is now struggling around the trend line resistance suggest a critical technical point...

GBPUSD Daily Forecast: March 18 2016 GBPUSD Forecast The GBPUSD had a strong bullish momentum yesterday topped at 1.4503. The bias remains bullish in nearest term testing 1.4580 area. Immediate support is seen around 1.4400...

USDCHF Daily Forecast: March 18 2016 USDCHF Forecast The USDCHF continued its bearish momentum yesterday bottomed at 0.9650. The bias remains bearish in nearest term testing 0.9600 – 0.9570 region. Immediate resistance is seen around 0.9730...

Pivot Points-Daily Last Updated: Mar 18, 3:30 am +03:00 Symbol S3 S2...

Trading Key Risk, Commodities, China, Rates Themes in the FX Markets Talking Points Major themes around the world are easy to follow, but not as easy to trade Currencies measure many different facets of economic and financial change We look at candidates for reflecting views on risk trends, oil...