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Elliott Wave Analysis of EUR/NZD for March 31 - 2016 Wave summary: We have likely seen a low at 1.6229 just above the 1.6210 target. To confirm that a low has been seen, we need a break above minor resistance at 1.6508 and, more importantly, a break above resistance at 1...

Elliott Wave Analysis of EUR/JPY for March 31 - 2016 Wave summary: We continue to look for more corrective upside pressure close to 128.91 before the final decline to below 122.06 is ready to take over for the final decline closer to 117...

Technical Analysis of EUR/USD for March 31, 2016 When the European market opens, some economic news will be released such as the Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, German Unemployment Change, Spanish Flash CPI y/y, French Prelim CPI m/m, French Consumer S...

Technical Analysis of USD/JPY for March 31, 2016 In Asia, Japan will release the Housing Starts y/y and the US will release some economic data such as Natural Gas Storage, the Chicago PMI, Unemployment Claims, and Challenger Job Cuts y/y...

Daily Analysis of Major Pairs for March 31, 2016 EUR/USD: The EUR/USD pair broke further upwards on Wednesday, testing the resistance line at 1.1350. There is a Bullish Confirmation Pattern on the 4-hour chart...

European Stocks Drop on Commodity Share Weakness Stock markets across Europe fell in early trading with commodity shares leading the way lower. At the time of writing, Euro Stoxx 50 index was down 0.66%. Germany’s DAX and France’s CAC were down 0.32% and 0.68% respectively...

‘Brexit’ will be a Big Q2 Theme - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that ‘Brexit’ will be a big Q2 theme of course...

Where to for AUD and NZD? – Deutsche Bank Robin Winkler, Strategist at Deutsche Bank, suggests that their short AUD and NZD have suffered from a sharp improvement in risk appetite thanks to benign signals from the Fed and China...

JPY: Q2 Theme will be Further Unwinding of Yen Strength - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that this morning’s weekly Japanese securities investment data reinforce his view that one Q2 theme will be some further unwinding of yen strength...

NZD/USD: At New Cyclical High – ANZ Research Team at ANZ, notes that the Kiwi broke to a new cycle high overnight as USD liquidation continued. Key Quotes “The break opens the way for a test above 0.70, with the next solid resistance around 0.7160-0.72...

USD/CAD: Bears are Fefending 1.30 Handle CAD bulls are working hard amid wobbly oil prices to ensure the USD/CAD pair does not move beyond the psychological level of 1.30. Focus on Oil Dovish comments from Bank of Canada’s (BOC) Patterson could be behind the weakness int the CAD today...

USD/CHF Recedes to 0.9640, USD Recovery Losing Steam? The recovery in the USD/CHF faltered near 0.9660 region after the USD bears took over control, with the US dollar receding gains against its major peers. USD/CHF revisits daily lows Currently, the USD/CHF pair turns negative at 0...

Euro Mixed Ahead Of German Retail Sales Data Destatis is slated to release German retail sales for February in the pre-European session on Thursday at 2:00 am ET. Economists forecast sales to grow 0.4 percent on a monthly basis, following a 0.7 percent rise in January...

FXWIREPRO: NZD/USD Holds Above Strong Support at 0.6880, Good to Buy Dips Broad based US dollar strength and downbeat NZ business confidence data adds to bearish pressure on the bird. ANZ NZ business confidence 3.2% in March vs 7.1% in February. NZ own activity outlook for March 29.4% vs 25...

U.S. Dollar Advances Against Most Majors The U.S. dollar strengthened against most major currencies in the Asian session on Thursday. The U.S. dollar rose to a 2-day high of 1.4328 against the pound, from yesterday's closing value of 1.4377...

AUD/JPY Heavy, On its Way to Hourly 100-SMA? The AUD/JPY cross is relentlessly offered this Thursday so far, with the bears bringing a halt to five straight sessions of gains against a backdrop of broad USD rebound. AUD/JPY back below 86 handle Currently, the AUD/JPY pair drops -0.44% to 85...

GBP/JPY – Challenging Bids Around 161.00 GBP/JPY is testing bids around 161.00 as weakness in European equity futures is keeping JPY on a front foot ahead of BOE governor Carney’s speech...

EUR/USD Unmoved by German Data, Stoxx 50 Futures Open Lower Contract in German retail sales failed to move EUR/USD pair, which trades on a weaker note around 1.1315 levels amid weak action in the European equity futures...

AUD/USD Upside Appears Capped Above 0.77 – UOB According to the research team at UOB Group, the pair’s upside could striggle around 0.7740. Key Quotes “While the break above the month’s high of 0...

Oil Drops to 2-Week Lows on Rising US Crude Reserves Oil benchmarks on both sides of Atlantic prolongs its downward trajectory for the seventh straight session this Thursday, hitting fresh two-week lows on omnipresent supply glut concerns...