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The Aussie managed to bounce from below 0.7200 and reversed early losses against the greenback, as even commodity currencies are taking advantage of a weaker US currency. AUD/USD rebounded from a daily low of 0.7170 and climbed back above 0.7200 to retest daily highs at the 0.7230/35 zone...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 15:33
The USD is being offered across the board in the US session, taking the EUR/USD pair above its 50-DMA at 1.0956 levels. Eyes 1.10 The currency pair bounced off from the strong support at 1.0890 (38.2% of 1.1495-1...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 15:29 #ECB, EUR/USD
The offered tone around the dollar remains unabated on Wednesday, now sending USD/JPY to break below the key support at 122.00 the figure. USD/JPY weaker as USD-selling picks up pace The greenback continues to lose ground vs...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 15:27
USD JPY, “US Dollar vs. Japanese Yen” At the H4 chart of USD JPY, bearish Three Methods pattern indicates a descending movement. The downside Window may provide support. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish movement...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 14:53
EUR USD, “Euro vs. US Dollar” The H1 chart of EUR USD shows a sideways correction. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 14:51
EUR USD, “Euro vs. US Dollar” At the H4 chart of EUR USD, Morning Star pattern near the support level indicated an ascending movement. The closest Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 14:49
GBP/USD found renewed buying interest ahead of the New York opening and rose to fresh daily highs, although it stalled just shy of the 1.5100 level. Cable has managed to trim early weekly losses, having risen more than 90 pips throughout the day to reach a peak of 1.5092 in recent dealings...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 14:41 #GBP/USD
The common currency extends its daily upside vs. the dollar, now pushing EUR/USD to session tops near 1.0950. EUR/USD bid on USD weakness The greenback has accelerated its downside after the US Dollar Index has broken below the key support at 98...
Market News
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sathish kumar, 9 December 2015, 14:37
Talking Points: GBPUSD Technical Strategy: Bullish Elliottwave Count: Possibly we are in next bullish wave for Wave C in weekly time frame. We are expecting a weekly trend might reverse at this juncture...
Wave Count
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hoagtrading, 9 December 2015, 14:36 #FOMC, Fed
The U.S. stock market is on six-year bull run and it will be continuing with the bullish trend into 2016, say Deutsche Bank analysts...
Analytics & Forecasts
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Sergey Golubev, 9 December 2015, 14:34 #stock market, S&P 500
The relentless sell-off in the commodities space this year has pushed the Bloomberg commodity index lower by 25%. The index closed at its weakest level since 1999 on Tuesday as commodity rout picked up pace following the weak China trade data...
Market News
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sathish kumar, 9 December 2015, 14:33
The relentless sell-off in the commodities space this year has pushed the Bloomberg commodity index lower by 25%. The index closed at its weakest level since 1999 on Tuesday as commodity rout picked up pace following the weak China trade data...
Market News
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sathish kumar, 9 December 2015, 14:33
Oil prices trimmed gains, but continue to trade on a positive note in the US session as traders await the US government’s weekly inventory data. At the time of writing, the WTI Jan futures were up 0.5% or 19 cents at USD 37.740/barrel. Brent futures were up 0.46% or 19 cents at USD 40.47/barrel...
Crude Oil
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sathish kumar, 9 December 2015, 14:27
Click here to see previous forecast. EURUSD (15 min. chart) EURUSD (1 hour chart) EURUSD (4 hour chart) EURJPY (15 min. chart...
Trading Ideas
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fxsmartmoney, 9 December 2015, 14:26 #Trading, forex
Research Team at TDS, thinks it is a coin toss whether on Friday, 11 December the CBR keeps its Key Rate on hold at 11.00% or whether it cuts by 50 bps...
Market News
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sathish kumar, 9 December 2015, 14:06
The bid tone on the CHF remains intact, which pushed the USD/CHF pair below 0.9902 (50% of 0.9476-1.0328). Rejected at 38.2% fib The pair fell to 0.9902 last week, followed by a recovery and failure to take out 1.00 (38.2% of 0.7476-1.0328) on a daily closing basis...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 14:02
The upside in GBP/USD seems to have found strong resistance around 1.5080, easing to 1.5060 at the time of writing. GBP/USD bounces off 1.4950 Spot keeps recovering ground after bottoming out in the mid-1.4900s during yesterday’s session...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 13:58 #GBP/USD
Gold prices trade dead flat around USD 1078/Oz as investors amid moderate weakness in the USD index and wavering European stock markets. Bullish 5-DMA and 10-DMA crossover The recovery from the multi-year low of USD 1046.18/Oz levels on Dec 3rd, followed by a rise to USD 1088...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 13:54 #gold
Research Team at BBH, suggests that the slow news week picks up tomorrow with the RBNZ, SNB and BOE meetings. Key Quotes “Friday brings US retail sales. Today’s US wholesale trade report may be used by Q4 GDP trackers because of the information on inventories...
Market News
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sathish kumar, 9 December 2015, 13:51
The Australian Bureau of Statistics, which will release new labor data tomorrow. Australia’s economy at this juncture is very vulnerable as it trying to rebalancing its economy away from the resource sector...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 13:47