March 2016

OverviewGold price is fluctuating around the key support 1227.40, which represents 23.6% Fibonacci of the rise measured from 1047.60 to 1282.90. Thus, it confirms that breaking this level will open the way to extend the bearish correction to target 11…

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AUD/USD continues to lack conviction as it presses on towards the 0.77 handle with failures there again earlier and offers sending the major commodity currency back to the half way point on the 0.7 handle.April comes with the RBA meeting on Tuesday, an…

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OverviewSilver price returns to test the bullish channel’s support at 15.15, and as long as the price is above this level, chances are still high to resume the bullish trend on the intraday and short-term basis. Therefore, we will keep our bullish tre…

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USD/JPY in ranges below 112.60

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USD/JPY is trading around 112.40, unchanged from yesterday’s closing price. The pair has been moving all day sideways.

On Asian hours, it peaked at 112.66 and pulled back. Since then it has been unable to trade above 112.60. It bottomed recently at 112.09 but quickly rose back to the 112.40 area.

Today’s stabilization follows two days with declines. Since Janet Yellen dovish comments on Tuesday, USD/JPY has fallen more than a hundred pips. So far on Thursday’s it has remained within yesterday’s price range. Caution prevails among traders ahead of Friday’s NFP report.

Weekly chart also shows range

On a wider perspective USD/JPY also continues to move in ranges, holding above 111.00 and below 114.00. The trend still favors the Japanese currency but after the sharp decline that took place during February, USD managed to stabilize.

According to analysts from The Bank of Tokyo-Mitsubishi UFJ the short-term outlook is neutral, within a price range of 110.50 and 114.00. They point out that the strength of the yen is proving to be resilient.

Trade the nonfarm payrolls report – Live Coverage & Analysis

USD/JPY is trading around 112.40, unchanged from yesterday’s closing price. The pair has been moving all day sideways.


(Market News Provided by FXstreet)

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Polish equity market closed flat Thursday. The broad market measure, the WIG index, inched up 0.05%. Sector-wise, informational technology names (+2.77%) fared the best, while media sector stocks (-1.30%) fell the most. The large-cap stocks’ benchmar…

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