Market Overview

Daily BriefingCurrencies EUR/USD: The pair has broken its downward trend line aggressively on a 30 minute time frame. The next resistance is at 1.094 and the support is at 1.071. USD/JPY: The pair is...

Fundamental The precious metal could face higher volatility as we approach towards the Friday’s US non farm payroll number. As we mentioned in our morning notes, the expectations are that we may...

Yesterday saw a strong start from the UK, with the manufacturing PMI coming in just ahead of expectations and painting an improving picture of UK growth. This was a short-lived shot in the arm for...

The US dollar is mostly lower as liquidity thins, and soft economic data kept the bulls penned. The soft ADP estimate and weaker than expected manufacturing ISM offset the heightened rhetoric about...

The expected risk premium for the Global Market Index (GMI) slipped in the March estimate. GMI — an unmanaged, market-value weighted mix of the major asset classes — is projected to earn...

It has been more than a year since we last wrote about Pfizer Inc (NYSE:PFE). On March 28th 2014, the stock was trading around 32.40, but the Elliott Wave Principle was warning us about a probable...

Aussie weakens mildly in Asian session and is heading to 0.7559 support against the greenback. Trade deficit widened for the third straight month to AUD -1.26b in February, slightly wider than...

•Tax hikes will push up CPI in 2016 – but of little importance beyond the linkers market. • Massive movement in long-end BEI – a setback is likely. Trades New, long-dated real...

The big day is approaching fast and traders are concerned how they should position themselves. Yes, we are talking about the US Non Farm payroll data which we always consider the most important piece...

USD mixed despite weaker than expected dataThe US data yesterday was weak, no doubt about it --- the ADP employment report missed expectations and came in below 200k, while the ISM manufacturing PMI...

EUR/USDToday’s support: - 1.0732 and 1.0704 (main), where correction is possible. Break would give 1.0679, where correction also may be. Then follows 1.0665. Break of the latter would result in...

The session on Thursday should be fairly calm, as there isn’t much in the way of announcements to move the markets. Ultimately, the only thing that we see is the Initial Jobless Claims coming...

UP NEXT: TECHNICAL ANALYSIS: USD/CAD H4 Candles suggest a swing high has either formed or forming and we have a decent zone of resistance around 1.2630-48 which could favour sell-limit orders (to...

Another busy day of economic news is on tap for Thursday, including the release of minutes for the European Central Bank’s previous monetary policy meeting. Soon after, two US reports will be...