Download MetaTrader 5

All Blogs

To add a new post, please log in or register
NZD/USD has stabilized on the bid in the aftermath of the RBNZ interest rate decision having caught out many of the shorts on a squeeze that took the bird up to the mid point of the 0.67 handle where spot now oscillates. The RBNZ cut interest rates by 0...
Analytics & Forecasts
  • 19
sathish kumar, 10 December 2015, 01:22
Analysts at ANZ said that the RBNZ’s decision to cut the OCR today was of course against our own view. Key Quotes: "But when all is said and done, we can’t really quibble with it. In many ways the cut was of last week’s ECB-style easing; a cut was delivered, but it was of the hawkish variety...
Market News
  • 17
sathish kumar, 10 December 2015, 01:19
Kit Juckes, economist at Societe Generale explained that the RBNZ, as expected by the majority of people who forecast RBNZ moves, cut the Cash Rate to 2.5%. Key Quotes: "The Kiwi took off like a grouse and so far, the FX market has not been able to shoot it down. A bit like the Euro...
Currency
  • 43
sathish kumar, 10 December 2015, 01:17
10.12.2015 00:00Consumer Inflation Expectation (December) Currency: AUD, Importance: Medium...
Market News
  • 57
sathish kumar, 10 December 2015, 01:14
US stocks closed with losses for third straight session on Wednesday, having taken a negative turnaround following a positive opening. The Dow Jones Industrial Average fell 75.36 points, or 0.43%, to 17,492.64. The S&P 500 dropped 15.95 points, or 0.77%, to 2,047.64...
Market News
  • 23
sathish kumar, 10 December 2015, 01:11
Most oil stocks are ranging in market condition falling to the bearish area, and this tendency will be continuing in 2016. Most technology stocks are ranging waiting for direction which is more likely to be bearish as well...
Analytics & Forecasts
  • 2307
News, 9 December 2015, 21:34 #stock market
The oil pice is falling by breaking key support levels to below for the bearish trend to be continuing so let's review some oil stocks in the technical point of view. Most oil stocks are located on the ranging market condition waiting for direction: this is not up, but has not yet down...
Crude Oil
  • 1895
News, 9 December 2015, 18:34 #Ichimoku, crude oil
According to Eric Theoret, FX Strategist at Scotiabank, the pair’s outlook remains bullish in the near term. Key Quotes “USDCAD’s breakout to fresh multi-year highs has coincided with a renewed bullish turn in both trend and momentum indicators”. “There are few major resistance levels ahead of 1...
Market News
  • 21
sathish kumar, 9 December 2015, 16:56
The US dollar faced another wave of selling at the beginning of the New York session sending GBP/USD to fresh weekly highs above 1.5100. GBP/USD has already taken back Monday and Tuesday losses and is trading in positive ground for the week, with a high posted at 1.5141 in recent dealings...
Analytics & Forecasts
  • 30
sathish kumar, 9 December 2015, 16:32 #GBP/USD
Prices for crude oil keep recovering ground on Wednesday, now managing to retake the $38.00 handle as USD-selling intensifies. WTI firmer ahead of EIA After hitting fresh multi-year lows near $36...
Crude Oil
  • 56
  • 1
sathish kumar, 9 December 2015, 16:19 #WTI, crude oil
Gold prices took out USD 1080.48/Oz; 23.6% Fib retracement level Oct 15 high-Dec 3 low; on the back of a broad based USD weakness. Clocks a high of 1085.47 The metal clocked a high of USD 1085.47/Oz, before the momentum stalled around USD 1083/Oz levels...
Analytics & Forecasts
  • 29
  • 1
sathish kumar, 9 December 2015, 15:42 #gold
The US Dollar Index, which gauges the greenback vs. its main competitors, is giving away further ground today, testing lows around 97.60. US Dollar challenges post-ECB low The index is testing post-ECB lows recorded last week in the 97...
Analytics & Forecasts
  • 27
  • 1
sathish kumar, 9 December 2015, 15:38
The China reserves rose by $11.39 billion in October during short-time recovery it was decline in November because of the following: expectations of the US rate hike, and slowing economic growth. Forex reserves in China was falling by $87.22 billion to $3...
Analytics & Forecasts
  • 1626
  • 1
News, 9 December 2015, 15:34 #China
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
  • 29
  • 1
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
  • 29
  • 1
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
  • 21
  • 1
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
  • 31
  • 1
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
  • 27
  • 1
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
  • 22
  • 1
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
  • 23
  • 1
sathish kumar, 9 December 2015, 14:41 #GBP/USD