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China Feb Trade Data: Surplus Shrinks More Than Expected, Exports Slump In yuan terms, China trade balance for February came in at +209.5bn vs. +341bn expected and 402.20 previous. While exports saw a bigger than expected slump, falling -20.6% y/y vs. -11.3% exp and -6.6 prior...
Oil is Strong, Rising Above $40 and 6% Overnight Analysts at ANZ explained that crude oil prices were strong. Key Quotes: "Brent crude rose above USD40/bbl for the first time since December. Sentiment continues to improve as discussion about a production freeze lingers...
Oil Drops Over 1% in Asia, Brent Off 2016 Highs Having reached fresh multi-week highs in the previous session, oil benchmarks on both sides of Atlantic now attempt a minor correction in Asia this Tuesday, as focus now remains on the Chinese trade data and the API stockpiles report...
EURUSD Daily Forecast: March 08 2016 EURUSD Forecast The EURUSD was indecisive yesterday. Price attempted to push lower, bottomed at 1.0940 but whipsawed to the upside and closed higher at 1.1013. This fact keeps the bullish intraday bias remains intact challenging 1...
GBPUSD Daily Forecast: March 08 2016 GBPUSD Forecast The GBPUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.4133 but whipsawed to the upside and closed higher at 1.4262. The bias is bullish in nearest term testing 1.4300...
USDJPY Daily Forecast: March 08 2016 USDJPY Forecast The USDJPY had a bearish momentum yesterday and slipped below 113.15 earlier today. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below 113.15 testing 112...
USDCHF Daily Forecast: March 08 2016 USDCHF Forecast The USDCHF was indecisive yesterday. Price attempted to push higher, topped at 1.0012 but whipsawed to the downside and closed lower at 0.9950. Once again, 1...
EUR/USD Regains Momentum, Challenges Monday’s High The EUR bulls appear to have taken a breather in the Asian trades, with EUR/USD now consolidating the recent bullish run to 200-DMA at 1.1045 levels. EUR/USD extends beyond 1.1000 Currently, EUR/USD trades 0.08% at fresh session highs of 1...
USD/JPY Breaking to the Downside Below 113 Handle USD/JPY is catching the attention of the FX space, with the downside opening up and testing through the 113 handle marking a fresh low of the month at 112.87 so far and lowest level since the 29th Feb recovery at 112.23...
People who want Britain to leave the EU in hopes of reducing the amount of immigration into the UK will not like this chart from Simon Wells and Liz Martins, economists at HSBC...
The Australian dollar sprung to life again last week against its U.S. counterpart, rallying more than 300 pips from its lows and managing to close near its week high...
EAs can assist traders and here are the results to prove it. After losing 3 trades on Friday, we came roaring back on Monday with 7 consecutive winning trades. We closed 3 sell trades with a total profit of 80 pips...
Reports indicate that some of the stolen funds were traced to the Philippines, but given what we know about the "Cyber Axis of Evil," we can only suspect it was Iranians, Chinese, or the criminal/military mastermind Kim Jong-Un who was behind the scam, but whatever the case, someone, somewhere, h...
Support & Resistance Update for Indexes Last updated: Mar 7, 10:41 pm +03:00 S - Strong | M - Moderate...
Pivot Points Hourly Last Updated: Mar 7, 10:30 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09664 1.09885 1.09966 1.10106 1.10187 1.10327 1.10548 USD/JPY 113.017 113.246 113.342 113.475 113.571 113.704 113.933 GBP/USD 1.42349 1.42512 1.4258 1.42675 1.42743 1.42838 1.43001 USD/CHF 0.99108 0...
GBP/USD Retail Longs Narrow 23% Ahead of Bank of England Testimony Talking Points: - GBP/USD Retail Longs Narrow 23% Ahead of Bank of England (BoE) Testimony. - USDOLLAR Continues to Carve Bearish Pattern Ahead of Fed Speeches. GBP/USD...
USD/CAD Breaks Below 1.3300 USD/CAD turned lower and hit fresh daily lows, as the Canadian dollar strengthened in tandem with oil prices, which are pushing to fresh session highs. USD/CAD fell nearly 100 pips over the last hours and bottomed out at 1...
AUDCHF: The Upside Prevails as long as 0.72000 is support. If Downside breakout of 0.72 would call for 0.701 and 0.69. The RSI is trading above 70. This could mean that either the pair is in a lasting Uptrend or just Overbought and that therefore a correction could shape...
