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Daily Analysis of Major Pairs for March 24, 2016 EUR/USD: The EUR/USD pair has come down by 100 pips this week – a slow and gradual process. Further downward movement is expected and this might render the recent bullish outlook illogical. The bears would target the support lines at 1.1150 and 1...
GBP/USD Turns Positive Above 1.4100 The sterling has found strong buying interest around session lows near 1.4050 today, pushing GBP/USD well above the 1.4100 handle. GBP/USD clinches highs near 1.4140/50 The pair has found decent buying interest around 1.4050 today, quickly recovering the 1...
EUR/GBP Slumps to 0.7900, GBP Soars A strong rebound in the sterling is now prompting EUR/GBP to quickly retrace the earlier advance and return to the 0.7900 neighbourhood...
USD/CAD Could Rebound Towards 1.3500 – Westpac In opinion of Richard Franulovich, Strategist at Westpac, a test of the 1.3500 handle remains on the cards...
The Swiss National Bank (SNB) purchased 86.1 billion Swiss francs (62.58 billion pounds) in foreign currency last year to enforce a minimum exchange rate, scrapped in January, and influence exchange rate developments, according to its annual report published on Thursday...
Pressure of bears in the #Gold market increased, which has led to a breakthrough of the nearest technically important support level. Now we can draw the current downtrend channel. It is recommended to hold an order to sale opened on a breakthrough of 1226.55...
CurrencyFair, one of a number of so-called peer-to-peer currency exchanges, has scored a further €8 million in funding. The round was led by Octopus Ventures, with participation from Proxy Ventures...
#USDJPY continued to recover after the quotes had tested the whole area, consisting of a number of support levels. It is recommended to be out of the market and to consider sales if the pair achieves and then rebounds from the upper border of the horizontal trading channel...
Two professors at the Department of War Studies at King’s College London have published the results of their deep dive into The Onion Router, or Tor, network, which is designed to make it difficult to track the activity of online users...
Former first minister Alex Salmond has called for a fresh look at the currency options for an independent Scotland. He said he still favoured the use of Sterling, but said the independence case needs "refurbishment...
After being Wall Street’s whipping boys, bank stocks may be in position to mount a comeback. At least, Barclays analysts think so. Among the S&P 500’s 10 sectors, banks have been the worst performer, down 6.5% year to date, according to FactSet data as of March 23.READ MORE...
Oil futures move firmly lower in Thursday’s trade, adding to losses after their biggest one-day rout in more than a month in the wake of disappointing supply data. READ MORE...
Pound drops further on ‘Brexit’ fears Permalink Facebook Twitter Expand/Collapse...
GBP/USD may extend the decline from earlier this week amid concerns surrounding the UK Referendum, while retail sentiment pushes back to near-term extremes. Continue Reading...
USDCAD is responded a critical support confluence with our near-term focus higher against today’s low. Here are the updated targets & invalidation level...Continue Reading...
Oil prices shrank after DoE data confirmed a huge build in crude stocks. Gold slipped on hawkish Fedspeak and copper fell with stocks Continue Reading...
Czech Economic Sentiment Weakens For Second Month Czech economic sentiment declined for the second straight month in March, survey figures from the Czech Statistical Office showed Thursday. The economic confidence index fell to 11.9 in March from 12.3 in the previous month...
Hungary Q4 Current Account Surplus Shrinks Hungary's current account surplus decreased more-than-expected in the three months ended December, figures from the Magyar Nemzeti Bank showed Thursday. The current account surplus shrank to EUR 1.01 billion in the fourth quarter from EUR 1...
French Factory Confidence Unexpectedly Eases In March France's manufacturing confidence unexpectedly weakened for the first time in four months in March, as the assessment on order book levels and businesses' expectations on their production deteriorated, survey results from INSEE showed Thursday...
