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Technical Analysis of GBP/CHF for March 23, 2016 Technical outlook and chart setups: The GBP/CHF pair dropped lower below 1.3880 levels yesterday, taking stops out on long positions. The pair is still holding above the 1...

Technical Analysis of EUR/JPY for March 23, 2016 General overview for 23/03/2016: The abc green corrective cycle in wave (ii) had been completed at the level of 124.67...

Technical Analysis of USD/CAD for March 23, 2016 General overview for 23/03/2016: The market is still trading inside of a very tight range, just below the weekly pivot and inside the bearish zone. The last leg of the corrective cycle in wave Z brown might have been completed at the level of 1...

Technical Analysis of EUR/USD for March 23, 2016 When the European market opens, some economic news will be released such as the German 30-y Bond Auction. The US will release economic data too such as Crude Oil Inventories and New Home Sales...

Technical Analysis of USD/JPY for March 23, 2016 In Asia, today Japan will not release any economic data but the US will release some economic data such as Crude Oil Inventories and New Home Sales. So there is a probability the USD/JPY pair will move with low to medium volatility during this day...

Daily Analysis of Major Pairs for March 23, 2016 EUR/USD: The bullish outlook on this pair is now in a precarious situation. The market could continue going downwards and there is a possibility that the bears might come in and push the price further downwards...

Daily Analysis of USDX for March 23, 2016 The Index is currently doing a consolidation move above the 95.44 level, which is very close to the 200 SMA price zone on the H1 chart...

Daily Analysis of GBP/USD for March 23, 2016 The pair is trading with a very strong intraday bearish bias, as the Cable is consolidating below the 200 SMA on the H1 chart and currently we can expect a little rebound above the support zone of 1.4200...

GBP/JPY Forms Hammer Pattern, Break Above 159.80 Confirms Further Bullishness Candlestick Pattern – Hammer Major resistance – 159.80 The pair has recovered after making a low of 158.44.It is currently trading around 159.46. Short term trend is slightly bullish as long as support 158.50 holds...

EUR/USD Bears Remain in Control as Fed Doves Turn into Hawks The dollar maintains the bullish tone, pushing the EUR/USD pair back to near 1.12 handle as markets focus on growing number of hawks at the Federal Reserve...

Fed Officials Lower Sights on r* Again – Goldman Sachs Research Team at Goldman Sachs, suggests that the equilibrium real rate—or r* (“r star”)—implied by Fed officials’ projections has fallen steadily since 2012 and is negative for the next two years, under a standard policy rule...

BOJ's Funo - Next Easing May Not be a Rate Cut Bank of Japan board member Yukitoshi Funo was back on the wires stating the next policy easing may not necessarily be a rate cut...

EUR/USD is Undergoing Broad Consolidation - SocGen Research Team at Societe Generale, suggests that after testing key levels 1.06/1.05 last year, EUR/USD is undergoing broad consolidation. Key Quotes “1.06/1.05 will decide about next leg of down cycle...

Bangladesh Bank Weighs Lawsuit Against NY Fed Over Hack Dhaka: Bangladesh's central bank has hired a US lawyer for a potential lawsuit against the Federal Reserve Bank of New York after hackers stole US$81 million from its account with the NY Fed, according to an internal report by the Bangladesh...

FXWIREPRO: AUD/JPY Breaks Minor Trendline Resistance at 85.40, Good to Buy Dips RBA more cautious about talking down the AUD which partly disaapointed Aussie bears...

China: Not Engaging in Currency War - ING Prakash Sakpal, Economist at ING, suggests that their baseline is that the PBOC continues to manage the fixing “with reference to a basket of currencies” and their yearend USDCNY forecast is 6.65...

FXWIREPRO: EUR/GBP Trading Just Shy of the 0.79 Handle, Sees Strong Resistance at 0.7911 Pound sterling likely to remain under pressure as terrorism attacks in Brussels fuelled risk of a Brexit...

FXWIREPRO: NZD/USD Holds Above 10-Dma Support at 0.6728, Bias Lower NZD/USD was rejected at day's high by 0.6769, and has slipped lower to currently trade at 0.6737 levels. 10-DMA at 0.6728 is strong support for the pair, breaks below could see downside resume...

Gold Falls Sharply, Testing $1,231.00 Area Gold has seen a ferocious sell-off worth over $15.00 from over $1,250.00 at the beginning of Asia, all the way down to currently test $1,231.00, level where a strong short liquidation originated following the dovish FOMC last week. Gold overbought...

Turkey: Security Threats and Policy Uncertainty Call for Bearish Outlook - TDS Cristian Maggio, Head of Emerging Markets Strategy at TD Securities, notes that the Turkey suffered a sixth deadly attack on 19 March, the second in Istanbul this year...