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USD/JPY Unmotivated Around 111.50 USD/JPY is trading almost unchanged at the beginning of the week, trading in a narrow range between 111.20 and 111.60...
Technical Analysis of NZD/CAD for March 21, 2016 NZD/CAD has been moving sideways for almost two weeks; and this does not seem to be over as the price remains within slightly descending main channel boundaries...
Technical Analysis of CHF/JPY for March 21, 2016 Since my original idea on CHF/JPY was published, price remained near the sell entry point - R2 (115.40). Today, price started to move lower which is likely to continue to test one of two support levels, either S2 (114.10) or S3 (113...
The delicate balance recently achieved in #USDJPY is still observed. The pair has reached the lowest for the last year and a half level, as well as the 61.8% Fibonacci retracement level. The importance of technical levels can not be underestimated. Find out more by checking out the Source Link...
Quotes of #Gold are close to the support line of the medium-term uptrend again. Given the current technical picture, a signal to buy may be formed here. But we can not ignore the fact that trading are going virtually at the resistance line of the long-term downward trend...
Global Macro Overview for 21/03/2016 In the USA, the Thomson Reuters/University of Michigan preliminary Consumer Confidence Index dropped to 90.0 points in March, down 1.7 points from a month before...
U.S. Dollar Rises Amid Risk Aversion The U.S. dollar strengthened against the other major currencies in the early European session on Monday amid risk aversion, as oil prices extended decline and China's central bank weakened the central parity rate of yuan by the most since January. The U.K...
Eurozone Current A/c Surplus Falls For Second Month Eurozone's current account surplus decreased for a second straight month in January, data from the European Central Bank showed Monday. The seasonally-and-working-day adjusted current account surplus dropped to EUR 25.4 billion from EUR 28...
Lithuania Industrial Production Grows In February Lithuania's industrial production climbed notably in February from a year ago, figures from Statistics Lithuania showed Monday. Industrial production rose a working-day-adjusted 6.3 percent year-over-year in February...
GBP/USD Likely to Extend the Rebound to 1.4570 – UOB In view of the research team at UOB Group, the pair could see its upside extended towards 1.4570. Key Quotes “While the strong rally from the low of 1...
USD/CHF Potential Visit to 0.9799 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt a bounce towards the 0.9800 handle. Key Quotes “USD/CHF last week sold off towards the 2015-2016 uptrend at .9635”...
EUR/USD Dips Below Confluence of Fibo Support The common currency is losing grounds amid flat action in the European equities, with EUR/USD pair now trading below the confluence of Fibo level - 1.1257 (61.8% of 1.1714-1.0517) + 1.1253 (100% Fibo of 1.0517-1.1060-1.0711). Offered at 1...
Analysis : Channel Down has broken through the resistance line at 18-Mar-16:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 1.41. upporting Indicators : RSI below 40 Resistance Levels...
GBP/USD Weaker, Wobbles Around 1.4400 The sterling is losing the grip at the beginning of the week, now sending GBP/USD to the lower end of the range around the 1.4400 handle. GBP/USD gains capped around 1.4500 After reaching fresh highs above the 1...
Canadian Dollar, Oil Remain Near Highs for the Year The Canadian dollar and oil prices slipped in trading Friday, but remained near a three-month high. The loonie, which rose above 77 cents Thursday, was down one third of a cent to 76.78 cents US in late afternoon...
Brent Oil Drops to 5-DMA and Recovers Brent prices fell to 5-DMA level of $40.53/barrel, before trimming losses to trade around $40.80 levels on reports china’s oil imports rose to a fresh high...
Hong Kong Inflation At 8-month High Hong Kong annual inflation unexpectedly accelerated in February for a third consecutive month to its highest level in eight months, figures from the Census and Statistics Department showed Monday. The consumer price index rose 3...
Taiwan Feb Export Orders Fall Less Than Forecast Taiwan's export orders decreased at a slower-than-expected pace in February, data from the Ministry of Economic Affairs showed Monday. Export orders dipped 7.4 percent year-over-year in February, below economists' expectations for a 10...
Denmark Consumer Confidence Eases At 5-Month Low Denmark's consumer confidence weakened for a third straight month in March to its lowest level in five months, survey data from Statistics Denmark revealed Monday. The consumer confidence index fell to 3.6 from 4 in February...
