March 2015

"Markets are becoming more sensitive to the Greek issue. In addition, the European Central Bank's quantitative easing is keeping downward pressure on the euro. Fundamentals point to euro selling." - Bank of America Merrill Lynch (based on…

Buy GOLD bids outweighed offers at the benchmark LBMA Gold Price auction on Tuesday afternoon in London, with that wholesale market clearing at $1187 per ounce to close the first quarter of 2015 some 1.0% down from end-2014. World stock…

According to the most recent CFTC report for the week March 17-24, large speculators increased their net long USD positions. Cost of the net bullish USD positions rose by $5.3B to $43.9B. Meanwhile, net EUR shorts hit a fresh record high of…

The AUD/USD has been dragged by the AUD/JPY which has also logged a six-week low at 91.34, and the crosses fifth consecutive down day. AUD/USD has clocked a two-week low at 0.7596. The dollar has gain traction ahead of this week’s PMI data…

Senior Analyst Jeffrey Kennedy outlines three important Elliott wave patterns in three markets By Elliott Wave International See how three Elliott wave patterns develop -- in Cliffs Natural Resources Inc (CLF), iShares Russell 2000 Index…

The euro was under pressure as it returned more of its recent gains against the dollar – dipping below the 1.08 mark for the first time in more than week. The euro was also buying less than 130 yen. There was no clear catalyst for the…

USD/CAD continues to rise for a third day but the short term trend is neutral as the pair has been consolidating between 1.2350 and 1.2834. USDCAD failed to close below the 55 - day moving average so this is a bullish sign. There is scope…

By Ilya Spivak, Currency Strategist Talking Points - EUR/USD Technical Strategy: Flat - Support: 1.0456, 1.0233, 0.9984 - Resistance:1.0955, 1.1263, 1.1513 The Euro moved higher against the US Dollar as expected after prices produced a…

By Ilya Spivak, Currency Strategist Talking Points - USD/CHF Technical Strategy: Flat - Support:0.9428, 0.9213, 0.8997 - Resistance: 0.9695, 1.0126, 1.0253 The US Dollar looks vulnerable to deeper losses against the Swiss Franc after…

By Ilya Spivak, Currency Strategist Talking Points - US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** - Support: 11854, 11679, 11534 - Resistance:11965, 12149, 12221 The Dow Jones FXCM US Dollar Index turned lower…