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Technical Analysis #C-COCOA : 2016-03-22 Rains covered West African state of Côte d'Ivoire and cocoa crops may benefit from it. Côte d'Ivoire accounts for 35% of cocoa and another 24% are produced in the neighbouring Ghana. Will the improved weather conditions push cocoa prices down? Cocoa prices advanced almost 14%…
Daily Market Report 22-03-2016‏ by ORBEX   EUR/USD EUR/USD1.1213Market went for fast drop after Brussels deadly blasts where managed to test 1.1190 - 1.1200 support zoneso far market still holding below resistance 1.1250-60 which if continue new drop pressure may affect market to break below 1.1190 where target will be…
Two Federal Reserve Presidents support April rate hike : 22.03.2016 by IFC Markets US stocks ended slightly higher on Monday continuing the advance spurred by Federal Reserve’s dovish meeting last week. The dollar strengthened after Presidents of San Francisco and Atlanta Feds John Williams and Dennis Lockhart said they would…
EURAUD Technical Analysis 22-03-2016 by PaxForex EURAUD - bearish model: pair, ready to continue falling Outlook: the Downward trend with the prospect of profits more than 200 points   Source: www.paxforex.com
Forecast for the Day 22-03-2016 by PCM Brokers SymbolsFirst Good SellSecond Good SellThird Good SellTrend ChangeThird Good BuySecond Good BuyFirst Good Buy EURUSD 1.13204 1.13022 1.12702 1.12520 1.12200 1.12018 1.11698 GBPUSD 1.45367 1.45019 1.44341 1.43993 1.43315 1.42967 1.42289 USDJPY 112.962 112.466 112.202 111.706 111.442 110.946 110.682 USDCAD 1.32104 1.31555 1.31242…
USD/CHF Intraday: key resistance at 0.9745.   Pivot: 0.9745 Our preference: short positions below 0.9745 with targets @ 0.9650 & 0.9610 in extension. Alternative scenario: above 0.9745 look for further upside with 0.9790 & 0.9845 as targets. Comment: as long as the resistance at 0.9745 is not surpassed, the risk…
EUR/USD Intraday: bullish bias above 1.1240. Pivot: 1.1240 Our preference: long positions above 1.1240 with targets @ 1.1305 & 1.1345 in extension. Alternative scenario: below 1.1240 look for further downside with 1.1200 & 1.1165 as targets. Comment: a support base at 1.1240 has formed and has allowed for a temporary…
Investors anticipated dovish Federal Reserve policy statement : 21.03.2016 by IFC Markets Investors cut US dollar net long bets to $6.58 billion from $6.8 billion against the major currencies ahead of Federal Reserve March 15-16 policy meeting , according to the report of the Commodity Futures Trading Commission (CFTC) covering…
Technical Analysis #C-RICE : 2016-03-21 by IFC Markets The USDA has released its monthly rice report for March. In 2015/16 farming season the US crops are expected to contract by 5% compared to the previous season. By the end of this season, the rice stocks are to fall by 10%…
EURUSD Technical analysis 21.03.2016‏ by Grand Capital The pair is traded lower than 1.1255 level amid the reduction in the number of short positions for USD. If the pice keeps trading lower than the mentioned level, there is a possibility that the pair will keep correcting to the downside. The…
Economic Events This Week 21-03-2016 by Xcfd The key reports this week are the third estimate of Q4 GDP, and February Existing and New Home sales.   Monday, March 21st   8:30 AM ET: Chicago Fed National Activity Index for February. This is a composite index of other data. 10:00…
EURUSD Technical Analysis 21-03-2016 by PaxForex EURUSD - Chart Pattern: Сurrency pair may continue growing Outlook: the upward trend with the prospect of profits more than 100 points   Source: www.paxforex.com
Weekly review of 21-25/03/2016 by LiteForex   USD Last week the USD fell against major currencies. Today, the USD started to rise. It is too early to say that downtrend in the USD has changed, as it is likely that upward correction is just of temporary nature. Last week the…
Stock market rising 3rd straight day : 21.03.2016 by IFC Markets US stocks rose on Friday for the 3rd straight day. Investors shrugged off the economic data playing off the Fed decision to increase the interest rates this year only two times instead of four. So the gross hike will…
Wave analysis and forecast for 18.03.2016 – 25.03.2016 by LiteForex   EUR/USD: Wave analysis and forecast for 18.03 – 25.03: The pair is likely to decline within correction. Estimated pivot point is at the level of 1.1350. Our opinion: Sell the pair from correction below the level of 1.13501.0820 with…

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