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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...
Weekly Trends
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Francis Dogbe, 8 March 2016, 04:18
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...
Analytics & Forecasts
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Winsor Hoang, 8 March 2016, 00:03
Hawks are rarer birds on the FOMC these days, and the most important among them, Fed Vice Chair Fischer, played his role in remarks today. He cited “the first stirrings of an increase in the inflation rate” as a sign that its “Phillips curve” tie to the jobless rate is still working...
Analytics & Forecasts
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Vasilii Apostolidi, 7 March 2016, 22:26 #forex
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...
Banks
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Francis Dogbe, 7 March 2016, 22:00
Support & Resistance Update for Indexes Last updated: Mar 7, 10:41 pm +03:00 S - Strong | M - Moderate...
Market News
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Mohammad Soubra, 7 March 2016, 20:46
Support & Resistance Update Last updated: Mar 7, 10:37 pm +03:00 S - Strong | M - Moderate...
Market News
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Mohammad Soubra, 7 March 2016, 20:43
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...
Market News
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Mohammad Soubra, 7 March 2016, 20:40
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...
Market News
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Mohammad Soubra, 7 March 2016, 20:37
The GBP stabilised this regardless of weaker data. In particular last week’s weaker than expected services PMI should be taken as an indication of more muted domestic conditions to the detriment of inflation and rate expectations...
Analytics & Forecasts
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Vasilii Apostolidi, 7 March 2016, 20:17 #eur/gbp
The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: Selling interest in the 1.1050 area, near the 200-dma helps keep our focus lower. Our targets are towards 1...
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...
Currency
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Roberto Jacobs, 7 March 2016, 19:03
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...
Analytics & Forecasts
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Khurram Mustafa, 7 March 2016, 18:37
Talking Points: AUDUSD Technical Strategy: Temporary Bearish Elliottwave Count: Primary count suggest wave Y in medium cycle while on alternate count suggest trend changed and we are in third wave We are tracking this count from a while and initiated short @ 7250 which was stopped out and closed...
Wave Count
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hoagtrading, 7 March 2016, 17:56 #forex
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, EUR/JPY, EUR/CHF, and AUD/USD. EUR/USD: The market's focus has shifted to the upcoming ECB meeting on Thursday, and we expect the market to be keen to sell the pair on any rallies that materialize...
Dear Friends, forex brokers always offering you to get bonus against your every deposit. But maximum bonus offer is really not for traders benefit. Maximum bonus is just like as showpiece in the account and just for account decoration. I don't think that type of bonus is helpful for traders...
Analytics & Forecasts
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Pankaj D Costa, 7 March 2016, 17:20
Currency investors should consider buying NOK/JPY this week, advises Morgan Stanley in its weekly FX pick to clients. "The NOK should benefit from higher oil prices and Norway’s government taking an expansionary fiscal course. In January, the petroleum fund transferred NOK 6...
Analytics & Forecasts
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Vasilii Apostolidi, 7 March 2016, 16:54 #forex
We expect the ECB to announce another menu of monetary policy easing including a 10bp deposit rate cut together with an introduction of a two-tier deposit rate system and a front-loading of the QE purchases...
Analytics & Forecasts
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Vasilii Apostolidi, 7 March 2016, 16:32 #EUR/USD
The US dollar is retracing part of its pre-weekend losses against the European currencies and dollar-bloc today while falling equity prices are underpinning the yen. Brent is nearing $40 a barrel, and WTI is pushing through $36. Iron ore prices were limit up in China...
Analytics & Forecasts
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Francis Dogbe, 7 March 2016, 16:29
The USD/JPY 4 hour chart shows the price has been range trading between the 23.6% fibonacci line and the 38.2% fibonacci line. The price is currently sitting on the 23.6% fibonacci retracement. The 38...
Analytics & Forecasts
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Daniel Bancans, 7 March 2016, 16:09 #Fibonacci
Mind the Forest, Not the Trees, for the US Dollar This Week Talking Points: - Euro and Yen likely to move in same direction around NFPs. - Retail crowd continues to fade recent US Dollar selloff. - As market volatility rises, it's a good time to review risk management principles...
Market News
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Mohammad Soubra, 7 March 2016, 15:57