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Daily Analysis of GBP/USD for March 14, 2016 The pair has been doing some rallies above the 200 SMA in the H1 chart and we should note that the lows reached on March 10 are still supporting the cable on the upside. Currently, it's facing-off the resistance level of 1...

Daily Analysis of USDX for March 14, 2016 On the H1 chart, the USDX has been forming a lower low pattern, which remains supported by the level of 96.03. We can see the index to be re-testing the resistance zone of 96.61...

Technical Analysis of Gold for March 14, 2016 Technical outlook and chart setups: Gold is trading at the levels of $1,255.00 this moment, and is likely to face resistance around $1,265.00/70.00. Please note that the yellow metal has been moving in a potential ending diagonal as depicted here...

Elliott Wave Analysis of EUR/NZD for March 14, 2016 Wave summary: The correction we where looking for has become slightly deeper than expected, but that does not alter our expectation of a new impulsive rally taking off soon...

Technical Analysis of USD/CAD for March 14, 2016 General overview for 14/03/2016: A building bullish divergence between the price and the momentum oscillator indicates the rebound in price action in order to complete the wave (b) blue. The projected target for wave (b) is seen at the level of 1...

Technical Analysis of EUR/JPY for March 14, 2016 General overview for 14/03/2016: There is one more wave to be completed in the recent bullish impulsive rally before any meaningful correction will take place. The projected target level for wave 5 purple is at the level of 127...

Brent Testing Bids Around $40 handle Brent prices dropped in Asia and extended losses in early Europe after Iran news reduced probability of joint production freeze. Futures currently hover just above $40/barrel levels...

Euroland Strategy: Debating the ECB delivery – Deutsche Bank Research Team at Deutsche Bank, suggests that the package of ECB policy measures announced at the March meeting was at the upper end of their and arguably consensus expectations...

EUR/USD on the Back Foot on Signs of Risk-on in Equities The EUR/USD now trades largely unchanged on the day as signs of risk-on the European equity futures strengthened offered tone around the funding currency EUR. Rejected at 23.6% Fibo The spot was offered after it failed to sustain above 1...

Canadian Dollar Edges Down Against Most Majors The Canadian dollar weakened against most major currencies in the early European session on Monday. The Canadian dollar fell to 1.3256 against the U.S. dollar and 1.4795 against the euro, from early highs of 1.3211 and 1.4720, respectively...

EUR/USD Trims Losses as Weak Oil Weighs Over US Stock Index Futures Oil driven losses in the major US equity index futures helped common currency regain poise, thus ensuring the EUR/USD pair recovered losses to trade largely unchanged on the day around 1.1030...

Euro Weakens Against Majors The euro declined against its major rivals in European deals on Monday, as Eurozone bond yields fell after anti-euro party, Alternative f...

G20 GDP Growth Eases Slightly In Q4: OECD Growth of real Gross Domestic Product in the G20 area eased slightly in the fourth quarter, the Organization for Economic Co-operation and Development said Monday. Real GDP growth of G20 area weakened to 0.7 percent from 0...

USD/CAD keeps highs near 1.3290 The greenback is recovering part of its shine vs. its Canadian peer on Monday, lifting USD/CAD to test daily highs near 1.3290. USD/CAD rebounds from 1.3210 Spot has managed to regain the 1.3200 handle after dropping to fresh multi-month lows in sub-1...

US Stocks Open Lower, Dow Nears 200-DMA Support Stock markets in the US opened on lower on Monday as oil price drop and weak China data released over the weekend overshadowed gains in Asian and European equity markets...

EUR/USD Holding on to 1.1100 The single currency remains unable to gather traction on Monday, relegating EUR/USD to the 1.1100 neighbourhood following the NA open. EUR/USD weaker on USD-buying Despite the prevailing selling interest, the pair manages quite well to keep the 1...

Currency Snapshot (Major Pairs) Dollar index trading at 96.55 (+0.39%) Strength meter (today so far) – Euro -0.34%, Franc -0.82%, Yen +0.12%, GBP -0.31% Strength meter (since last week) – Euro -0.34%, Franc -0.82%, Yen +0.12%, GBP -0.31% EUR/USD –...

AUD/USD: Bulls Taking Back Control on Key Week AUD/USD has been a drift to the upside to start the week and bulls remain in control. The greenback remains on the back foot after the ECB induced rally in the euro and while there has been a recovery in stocks, oil and metal prices...

USD/JPY Struggle with 114 Continues Ahead of BOJ, FOMC The USD/JPY pair attempts to extend Friday’s gains and reclaim 114 handle in the Asian trades, setting-off the week on an upbeat note amid improved risk sentiment...