Mirza Baig / Profile

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...

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...

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...

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...

Daily Analysis of GBP/USD for March 08, 2016 In the H1 chart, GBP/USD is forming another bullish pattern below the resistance level of 1.4267, where bulls are still trying to break higher in order to strength the bullish bias on a short- and medium-term basis...

Elliott Wave Analysis of EUR/JPY for March 7 - 2016 Wave summary: With the break above minor resistance at 125.01 the possible running triangle was invalidated and instead the expanded flat correction took over as a preferred corrective pattern. Red wave c should ideally make it to 126...

Elliott Wave Analysis of EUR/NZD for March 7 - 2016 Wave summary: We have just seen the expected test of support at 1.6110 (the pair hit the low at 1.6085). We are now looking for a break above minor resistance at 1...

EUR/USD Dips Below 50-DMA as US Dollar Finds Bids The US dollar is trimming Friday’s losses across the board, courtesy of which the EUR/USD pair has dipped below its 50-DMA located at 1.0975. Tests confluence of 10-DMA and 50% Fibo level The pair fell to 1...

Technical Analysis of GBP/JPY for March 07, 2016 GBP/JPY is expected to trade in a higher range. The pair remains bullish above 160.50, representing a key horizontal level. The rising 50-period moving average plays a support role well...

Technical Analysis of NZD/USD for March 07, 2016 The upside movement is expected to prevail in NZD/USD. The pair remains well on the upside, backed by its rising 20-period and 50-period moving averages. The relative strength index is mixed to bullish above its neutrality area at 50...

Technical Analysis of USD/CHF for March 07, 2016 USD/CHF is expected to advance further. The pair continued posting technical rebounds and is now challenging its nearest resistance at 1.0030...

Germany Factory Orders Fall For Second Month Germany's factory orders dropped for the second straight month in January, reflecting the weakness in domestic demand. Factory orders slid 0.1 percent month-on-month following a revised 0.2 percent drop in December, data from Destatis showed Monday...

USD/CAD Intraday Technical Levels and Trading Recommendations for March 7, 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...

Gold Analysis for March 07, 2016 Overview : Since our last analysis, gold has been trading upwards. As I expected, the price tested the level of $1,279.67. Anyway, in the daily time frame, I found a a supply bar (up thrust), which is a sign of weakness. Intraday buying at this stage looks risky...

EUR/JPY Off Lows, but on a Back Foot The EUR/JPY recovered from the daily low of 124.24 levels, but remains weak on the day around 124.47 (23.6% of 132.29-122.06). Weak stocks weigh European stocks are down almost 1% on the day and that is keeping the bid tone around the safe haven JPY intact...

AUD/USD Regains 0.7400 and Above The buying interest seems to have now returned to the Aussie dollar, sending AUD/USD through the 0.7400 handle. AUD/USD supported near 0.7390 Spot is extending last week’s strong rebound from the 0...

EUR/USD Unable to Pick-up Pace EUR/USD made a tepid attempt to recover ground but failed to gather momentum and remained capped by the 1.0975 zone. EUR/USD retreated from Friday's peak and steadied around the 1.0950 level as investors continue to digest US employment data...

Bullish Oil Bets Rise to New Record High Weekly futures and options data from InterContinental Exchange released today showed money managers increased their bullish bets on higher oil price to a new record...

Crude Oil Jumps Above $36 As Rally Gathers Momentum Crude oil futures continued to rise Monday morning after a deal to freeze output from a number of major producers...