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.
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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.
USDJPY Forecast March 7, 2016, Technical Analysis
The USDJPY pair initially fell during the course of the session on Friday, but turned back around to form a bit of a neutral candle.
AUDUSD Weekly Analysis – March 6, 2016
AUDUSD broke above 0.7439 resistance, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6826 already.
EURUSD Weekly Analysis – March 6, 2016
EURUSD remains in uptrend from 1.0517, the fall from 1.1376 could be treated as correction of the uptrend.
Economists: China Needs To Maintain Growth Of 6.5%
China must prevent its economic growth from falling below 6.5 percent this year, leading economists said on Wednesday. They were speaking ahead of the opening of the annual meetings of the country’s top legislature and political advisory body this week.
EURUSD Forecast March 3, 2016, Technical Analysis
The EURUSD pair initially fell during the course of the day on Wednesday, but we found enough support just above the 1.08 level to turn things back around and form a hammer.