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EURUSD: Having taken back its Monday losses to close higher on Tuesday, EURUSD looks to resume short term uptrend triggered from the 1.0521 level. While the 1.0829/1.0796 zone continues to hold as support, the pair should build up on the mentioned short term uptrend...
Analytics & Forecasts
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FXTechstrategy Team, 9 December 2015, 03:30
EUR GBP, “Euro vs Great Britain Pound” we can see at the H1 chart, the current correction towards the retracement of 50% may yet continue. It’s highly likely that on Tuesday the pair may reach a new local low. Later, the market may continue its ascending movement to reach upside targets...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 03:26
EUR GBP, “Euro vs Great Britain Pound” Europound is also being corrected. The closest target is the group of fibo-levels at 0.7295. Possibly, the market may resume moving towards its upside targets very soon...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 03:25
we can see at the H1 chart, the current correction may continue towards the retracement of 50%. However, 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, 9 December 2015, 03:21
EUR USD, “Euro vs US Dollar” In case of Eurodollar, the local correction continues. Later, the pair may resume growing with the closest target at the group of fibo-levels near the 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, 9 December 2015, 03:19
As noted earlier, the uptick in price pressures was mainly driven by the health care, personal activities and transportation sector...
Market News
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sathish kumar, 9 December 2015, 03:15
The Australian dollar reversed a part of previous losses and edged higher against its Japanese counterpart this session, driving AUD/JPY to fresh session highs just a hair-line short of 89 handle. AUD/JPY rises from 88.50 levels Currently, the AUD/JPY pair rises 0.21% to 88...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 03:11
USD JPY, “US Dollar vs. Japanese Yen” At the H4 chart of USD JPY, Evening Star pattern indicates a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 03:09
The H1 chart of EUR USD shows a sideways correction. The downside Window provides support. Three Line Break chart indicates a bullish direction; Doji pattern and Heiken Ashi candlesticks confirm that the descending correction continues...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 03:00
EUR USD, “Euro vs. US Dollar” At the H4 chart of EUR USD, bearish Three Methods pattern indicates a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:56
Analysts at Rabobank offered the key events taking place ahead...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:51
- China's trade data in CPI and PPI was expected with the former edging up to 1.4% y/y while the latter was expected to see deflation deepen further to -6.0% y/y. The data arrived 0.1% higher for CPI and 0.1% lower for PPI. Analysts at Rabobank explained the spread is enormously problematic...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:48
The consumer prices in the world’s second largest economy, China, ticked higher in Nov, coming in at 1.5% y/y against 1.3% booked in Oct. Markets had predicted an increase of 1.4% for Nov...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:45
Analysts at Westpac got together and drew up and lost of key points for the key flow indicators for Australia and New Zealand. Key Quotes: "Japanese demand for A$ assets held up well in October as AUD/JPY stabilised around 85...
Currency
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sathish kumar, 9 December 2015, 02:42
China sets Yuan central parity at 6.4140 vs 6.4078 Tuesday On Wednesday, the Chinese central bank, PBOC, sets USD/CNY reference rate at 6.4140 versus 6.4078 previous close, the highest levels since August 27...
Market News
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sathish kumar, 9 December 2015, 02:40 #China
The US oil keeps its recovery mode from almost seven-year lows on Wednesday and holds above $ 38 as markets remain wary ahead of fresh weekly supply reports from the EIA due later today. WTI: Bears take a breather from the recent rout Currently, WTI trades modestly flat at 38...
Crude Oil
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sathish kumar, 9 December 2015, 02:36 #crude oil
Analysts at ANZ explained the recent conditions surrounding AUD/USD. Key Quotes: "The AUD/USD came under pressure overnight as commodity prices tumbled. Oil made fresh cyclical lows, dragging down the commodity complex...
Market News
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sathish kumar, 9 December 2015, 02:29
USD/JPY is currently trading at 122.93 with a high of 122.96 and a low of 122.83. There was a little weakness in the Nikkei on the Tokyo open with a little bid USD/JPY towards the 123 handle and strong resistance there. The major pair was toying with the upside into the 122...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:26
NZD/USD has been turned back on the recent bid in early Asia and is contained within a narrow range 20 pips and resisted at the 50 SMA on the 1hr chart. The theme that is gripping the markets is the commodity sector and downturn, and catalysts explained here by analysts at ANZ...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:23
The GBP/USD pair edged lower for a third day in-a-row, having fell down to 1.4955 before recovering the 1.5500 level before the US close. Key Quotes: "The British Pound was weighed by falling oil prices, and worse-than-expected UK factory output, down in October by 0.1...
Analytics & Forecasts
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sathish kumar, 9 December 2015, 02:21