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we can see at the H1 chart, the price is trying to rebound from the retracement of 38.2%. It’s highly likely that on Monday the pair may complete the local correction...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 02:39
Europound has started an ascending correction as well. The closest is the local group of fibo-levels at 0.7295. Possibly, the market may resume its growth towards upside targets during the day...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 02:34
At the H1 chart, the price is moving near the local retracement of 38.2%. If the price rebounds from this retracement upwards, it may resume its ascending movement towards upside targets...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 02:26
In case of Eurodollar, the ascending correction continues; its closest target is at the group of fibo-levels close to the correctional retracement of 50%. If this level is broken, the market may continue its growth towards the retracement of 61.8...
Analytics & Forecasts
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sathish kumar, 8 December 2015, 02:22
8.12.2015 00:00Immaculate Conception Day Currency: EUR, Importance: Not significant 08.12.2015 00:00Immaculate Conception...
Market News
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sathish kumar, 8 December 2015, 01:59
GBP/USD found support at the 1.5040 zone and settled in a slim range just above where it has spent the last hours, unable to pick up momentum either side of the board in the absence of first-tier data...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 21:51 #GBP/USD
Analysts at TD Securities noted that this week sees the release of Chinese November trade (Tuesday) and CPI (Wednesday). Key Quotes: "We and the consensus have pencilled in a similar recovery for exports (-5% Y/Y from a prior -6.9...
Market News
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sathish kumar, 7 December 2015, 21:49 #China
The New Zealand dollar continues to edge lower versus the greenback as currencies linked to commodities underperform in a quiet session in between major economic events. NZD/USD has dropped more than 150 pips from Friday’s highs, when it reached a 1-month peak of 0...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 21:47
Crude oil prices are collapsing at the beginning of the week, finding some support around the $38.00 mark per barrel so far. WTI slumps on OPEC, USD The barrel of West Texas Intermediate is trading at shouting distance from YTD lows at $37...
Crude Oil
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sathish kumar, 7 December 2015, 21:45 #WTI, crude oil
GBP/USD has stabilized after a sell-off from the 1.51 handle to test the support base made up of the 200 SMA and 100 SMA on the 1hr time frame. The 38.2% fib at 1.5057 is also located in this cluster...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 21:43 #GBP/USD
Fed's Bullard has been on the wires and has offered bearish comments in respect to the Fed's projections this year...
Market News
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sathish kumar, 7 December 2015, 21:41
RBC Capital Markets explained that with the first UK rate hike not fully discounted until early-2017, the hurdle is low for this week’s MPC minutes and BoE speakers to be taken as GBP-positive...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 21:38
The Nikkei rebounded on Monday, adding 0.99% or 195 points to end the day at 19,698.15, on improved market sentiment following an upbeat US jobs report on Friday, which kept the yen weak against most of its major rivals...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 21:36 #Nikkei
Many investors of Eurozone fixed their profit and it hepls to will drive down the EURUSD conversion. Analysts at Deutsche Bank have confirmed the warnings: the euro to dollar exchange rate will decline significantly over the longer-term...
Forecasts
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News, 7 December 2015, 21:34
AUD/USD lost its steady form on the previously robust 0.73 handle in the wake of demand for the greenback, starting in late Asia and following through as markets prepare themselves for a Fed hike this month...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 21:33
After the post ECB meeting, when Draghi jawboned the euro lower to end the week and cool the single currency down a bit, EUR/USD is oscillating in a 20 pip range around mixed commentary from Fed's Bullard calling out the Fed's poor judgment in respect to inflation and saying that forecasts are un...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 21:30 #EUR/USD
USD/CAD broke above the 1.3500 level and posted its highest level since June 2004 as the loonie has continued to weaken weighed by falling oil prices, as WTI hits its lowest price in 6 years below $38 a barrel...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 21:27 #usd/cad
Oil prices extended losses on Monday and fell to their lowest levels in more than 6 years after the Organization of the Petroleum Exporting Countries (OPEC) failed to agree at its meeting on Friday to cut output to stabilize prices, which have fallen more than 60% since mid-2014...
Crude Oil
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sathish kumar, 7 December 2015, 21:25
Gold prices slipped on Monday, with spot down about $10.00 as the American dollar strengthened against all of its major rivals. Investors are again focusing on a possible rate hike in the US next week, retaking the short positions closed by the ends of the previous week...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 21:23 #gold
The GBP/CAD cross soared on the back of oil’s slump, which resulted in the Canadian dollar plummeting against all of its major rivals and sending GBP/CAD to 2-month highs. The rally extended to 1.0375, through a major resistance level, as selling interest had contained advances around 2...
Analytics & Forecasts
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sathish kumar, 7 December 2015, 21:21