Mirza Baig / Profile

AUD/USD in Fresh Highs Near 0.7500 The bullish momentum around the Aussie dollar remains unabated so far, now lifting AUD/USD to the boundaries of 0.7500 the figure. AUD/USD in multi-month peaks The pair continues its march north today, visiting levels last traded in July 2015 around the 0...

GBP/USD Fails to Sustain Intraday Gains, Falls Back Below 1.4200 GBP/USD advanced to daily highs during the European session following a string of mostly upbeat UK data. GBP/USD climbed to a peak of 1.4240, but failed to sustain gains and retreated to the 1...

USD/CAD Intraday Technical Levels and Trading Recommendations for March 9, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...

Technical Analysis of USD/CHF for March 09, 2016 Overview: The USD/CHF pair continues to move upwards from the level of 0.9887. The pair rose from the level of 0.9887 to a top around 1.0028. Today, the first resistance level is seen at 1.10075 followed by 1...

Technical Analysis of NZD/USD for March 09, 2016 Overview: The NZD/USD pair sharply rose from the level of 0.6723 towards 0.6790. Now, the price is set at 0.6779. The resistance is seen at the level of 0.6820. Moreover, the price area of 0.6820 - 0.6815 remains a significant resistance zone...

Asian Stocks Dive for 2nd Day on Oil Sell-off The Asian stocks markets crumbled for the second straight session this Wednesday after risk-off sentiment remained in full swing in response to the overnight sell-off in the oil prices, while nervousness ahead of China’s inflation report also weighs d...

EUR/USD Heavy, Breaches 50-DMA Support Near 1.0980 The offered tone around the EUR picked-up pace post-China open, now sending EUR/USD further below 50-Dma support located at 1.0982. EUR/USD fails once again above 1.1000 Currently, EUR/USD drops -0.33% to fresh session lows of 1...

Has the USD Peaked? - ANZ Research Team at ANZ, suggests that at the very least, further USD strength is likely to be substantially less linear than we have seen to date. Key Quotes “In fact, thinking about currency markets from a USD framework has probably become unhelpful...

China: 5-Year Plan – Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that the China’s National People’s Congress (NPC) met from March 5-6 to launch the country’s 13th 5-Year Plan which was a platform to show the thrust of future policy direction, and on that front th...

Yen Rises Against Majors The Japanese yen strengthened against the other major currencies in the Asian session on Wednesday. The yen rose to a 1-week high of 159.51 against the pound and a 6-day high of 123.44 against the euro, from yesterday's closing quotes of 160.05 and 124.02, respectively...

U.S. Dollar Advances Against Most Majors The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday. The U.S. dollar rose to 2-day highs of 1.0974 against the euro and 0.9979 against the Swiss franc, from yesterday's closing quotes of 1.1009 and 0...

Euro Falls Against Majors The euro weakened against the other major currencies in the Asian session on Wednesday. The euro fell to a 6-day low of 123.44 against the yen and a 2-day low of 1.0972 against the U.S. dollar, from yesterday's closing quotes of 124.02 and 1.1009, respectively...

FXWIREPRO: New Zealand Dollar Continues to Fall Against Aussie Ahead of Cash Rate Decision Pair is currently trading at 1.1045 levels. It made intraday high at 1.1046 and low at 1.0993 levels. Intraday bias remains bullish for the moment. A daily close above key resistance at 1...

FXWIREPRO: NZD/USD Edges Lower from Session Highs at 0.6750, Good to Sell Rallies Kiwi unable to extend gains beyond 0.6819 and is extending downside for the third consecutive session...

FXWIREPRO: Risk Aversion Weighs on USD/JPY, Downside Likely to Test 112.30 Levels Worse-than expected Chinese trade figures and oil price sell-off continues to weigh on market sentiment. USD/JPY largely range-bound in the Asian session, after two consecutive day's of losses...

European Economics Preview: U.K. Industrial Output Data Due Industrial production from the U.K. is due on Wednesday headlining a light day for the European economic news. At 1.00 am ET, Statistics Estonia is slated to publish external trade data for January. The trade deficit widened to EUR 160...

USD/JPY Bulls Rescued by Stronger USD, Recovers to 112.70 Having bottomed out near 112.40 region, the USD/JPY pair almost reversed the entire slide seen post-Tokyo open and now aims to test 113 handle. USD/JPY finds support near Tuesday’s low The major once again attempts recovery from 112...

AUD: Failing Fundamental Tests of Strength - ANZ Daniel Been, Senior FX Strategist at ANZ, suggests that the AUD has remained remarkably resilient which has driven the AUD back into territory that suggests it is overvalued...

AUD: Consumer Sentiment Eased Back - TDS Research Team at TDS, notes that the Australia’s March consumer sentiment eased back to 99.1 after the inexplicable +4.2% to 101.3 in Feb. Key Quotes “A small fall was not a surprise, and 99.1 remains within the range of recent months...