EURUSD Weekly Analysis
No changed in our view, EURUSD is in uptrend from 1.0517, the fall from 1.1376 is likely consolidation of the uptrend.
EURUSD Forecast March 10, 2016, Technical Analysis
The EURUSD pair broke higher after initially dropping during the session on Wednesday, as we prepare for the ECB interest rate announcement and of course monetary policy statement.
AUDUSD Forecast March 10, 2016, Technical Analysis
The AUDUSD pair broke higher during the course of the session on Wednesday, breaking above the past couple of shooting stars. Not only that, we have broken above the 0.75 handle, which of course has a certain amount of psychological significance as far as resistance is concerned.
EURUSD Forecast March 9, 2016, Technical Analysis
The EURUSD pair initially rallied during the course of the day on Tuesday, testing the 1.1050 level.
AUDUSD Forecast March 9, 2016, Technical Analysis
The AUDUSD pair initially fell during the course of the day on Tuesday, testing the 0.74 area.
EURUSD Forecast March 8, 2016, Technical Analysis
The EURUSD pair initially fell during the day on Monday but found enough support below to turn things around and form a hammer.
AUDUSD Forecast March 8, 2016, Technical Analysis
The AUDUSD pair continued to break higher during the course of the day on Monday, testing the 0.75 level.
Bullish Copper Takes Out Key Level
After the malaise of the last few months, copper finally nailed a key technical level firmly into place on Friday as the red metal surged higher, closing the session with a wide spread up candle supported with excellent volume, thereby confirming the validity of the move higher.
Gold Finally Breaks Away From Volatility Candle
Gold prices finished last week in bullish mood once again following the extended period of price congestion which has seen the precious metal trade within the range of the wide spread volatility up candle of the 11th February.
China Mulls Creating New Interest-Rate Mechanism
China is exploring the creation of a mechanism that would use a band to guide the country’s interest rates, an approach aimed at giving the market a greater say in the financial system, a senior monetary official said on Sunday.