Mirza Baig / Profile

Daily Analysis of Major Pairs for March 8, 2016 EUR/USD: Beyond a reasonable doubt, there is a bullish signal on the EUR/USD pair. In spite of attacks from bears, the pair managed to trade higher on Monday, forming a Bullish Confirmation Pattern in the chart...

USD/CAD Struggles to Surpass 1.3340 The Canadian dollar is giving away part of the recent advance vs. its American peer on Tuesday, taking USD/CAD back above the 1.3300 handle. USD/CAD focus on oil The continuation of the rally in crude oil prices – with the barrel of WTI above $37...

USD/JPY Comfortable with the Sideline Pattern In view of the research team at UOB Group, the pair’s outlook points to further consolidation in the next 1-3 weeks. Key Quotes “There is not much to add as we continue to hold a neutral view for USD”...

GBP/USD Rallies Could Struggle Near 1.4316 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes bullish attempts could run out of legs in the low-1.4300s. Key Quotes “GBP/USD spent the week correcting higher. It is now approaching the 1.4316 downtrend”...

Gold/EUR Strengthens Ahead of ECB Meeting Gold prices in the EUR terms or XAU/EUR pair advanced on Monday as investors weigh in a possibility of an aggressive ECB action on Thursday. Eyes Jan 2015 high Prices are eyeing January 2015 high of EUR 1164...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...