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GBP/USD Recedes in Early Europe After 6-Day Winning Streak The bullish momentum in the GBP/USD pair stalled in the late NY session, making way for a corrective move. The spot is down in early Europe near 1.4240 levels...
Currency
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Roberto Jacobs, 8 March 2016, 08:14
The Australian dollar is declining against the U.S. counterpart after China has released the data on trade balance, exports and imports. China is the Australia's main trading partner, thus slowing down of the country's economy have a negative impact on the Aussie...
Canadian Dollar Drops Against Most Majors The Canadian dollar weakened against most major currencies in the Asian session on Tuesday. The Canadian dollar fell to 4-day lows of 1.4708 against the euro and 84.57 against the yen, from yesterday's closing quotes of 1.4627 and 85.39, respectively...
Currency
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Roberto Jacobs, 8 March 2016, 05:00
NZ Dollar Slides Against Most Majors The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday. The NZ dollar fell to 4-day lows of 1.6304 against the euro and 76.30 against the yen, from yesterday's closing quotes of 1.6162 and 77.13, respectively...
Currency
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Roberto Jacobs, 8 March 2016, 04:57
Australian Dollar Falls Against Majors The Australian dollar weakened against the other major currencies in the Asian session on Tuesday. The Australian dollar fell to 4-day lows of 1.4863 against the euro and 83.69 against the yen, from yesterday's closing quotes of 1.4745 and 84...
Currency
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Roberto Jacobs, 8 March 2016, 04:55
AUD/USD Dumped on Awful China Trade, 0.7400 Eyed? The selling pressure behind the AUD intensified following the release of poor Chinese trade data, knocking-off AUD/USD to fresh session lows. AUD/USD nears 5-DMA at 0.7417 Currently, the AUD/USD pair drops -0.58% to 0...
Currency
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Roberto Jacobs, 8 March 2016, 04:52
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...
Market News
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Roberto Jacobs, 8 March 2016, 04:48 #China
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...
Crude Oil
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Roberto Jacobs, 8 March 2016, 04:44
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...
Crude Oil
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Roberto Jacobs, 8 March 2016, 04:40
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...
Analytics & Forecasts
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Roberto Jacobs, 8 March 2016, 04:35
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...
Analytics & Forecasts
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Roberto Jacobs, 8 March 2016, 04:33
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...
Analytics & Forecasts
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Roberto Jacobs, 8 March 2016, 04:31
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...
Analytics & Forecasts
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Roberto Jacobs, 8 March 2016, 04:30 #usdchf
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...
Currency
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Roberto Jacobs, 8 March 2016, 04:27
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...
Currency
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Roberto Jacobs, 8 March 2016, 04:23
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...
Market News
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Francis Dogbe, 8 March 2016, 04:21 #GDP
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