XAU/USD: price near local highs 2016-03-09 11:01 (GMT+2)
XAU/USD: price near local highs 2016-03-09 11:01 (GMT+2) Current trend
On Tuesday, the XAU/USD pair was trading mixed. The price of gold is
getting moderate support from weakness of the US Dollar and concerns
about global economic conditions. In particular, markets reacted very
negatively to poor macroeconomic data, released in China. Expectations
of ECB meeting,
Wednesday, March 9, 2016
EUR/USD: Euro remains under pressure 2016-03-09 10:44 (GMT+2)
EUR/USD: Euro remains under pressure 2016-03-09 10:44 (GMT+2)
Current trend Yesterday the pair showed a choppy trade and slightly fell
on the day. The Euro was supported by strong macroeconomic statistics
form the eurozone. Industrial Production in Germany in January grew by
2.2% while economists forecasted a fall by 1.6%. In addition, the GDP
for the fourth quarter of 2015 in the eurozone
Current trend Yesterday the pair showed a choppy trade and slightly fell
on the day. The Euro was supported by strong macroeconomic statistics
form the eurozone. Industrial Production in Germany in January grew by
2.2% while economists forecasted a fall by 1.6%. In addition, the GDP
for the fourth quarter of 2015 in the eurozone
FDAX: negative dynamics 2016-03-09 10:42 (GMT+2)
FDAX: negative dynamics 2016-03-09 10:42 (GMT+2)
FDAX: negative dynamics 2016-03-09 10:42 (GMT+2) Current trend On
Tuesday, DAX Future fell as market participants fear global economic
slowdown. In particular, stock markets reacted very negatively to poor
macroeconomic data, released in China. In February, the country’s
exports fell by 25.4%, while analysts expected just a 12.5% decline.
Imports were down by 13.8% against
FDAX: negative dynamics 2016-03-09 10:42 (GMT+2) Current trend On
Tuesday, DAX Future fell as market participants fear global economic
slowdown. In particular, stock markets reacted very negatively to poor
macroeconomic data, released in China. In February, the country’s
exports fell by 25.4%, while analysts expected just a 12.5% decline.
Imports were down by 13.8% against
USD/CAD: wave analysis 2016-03-09 10:18 (GMT+2)
USD/CAD: wave analysis 2016-03-09 10:18 (GMT+2)
USD/CAD: wave analysis 2016-03-09 10:18 (GMT+2) A growth is expected.
Assumingly, a zigzag in the first wave W within the fourth wave (4) of a
large Bearish correction has formed. Locally, a small starting impulse
seems to have formed and if the assumption is correct, the pair
continues growing towards the levels of 1.3950, 1.4130.
USD/CAD: wave analysis 2016-03-09 10:18 (GMT+2) A growth is expected.
Assumingly, a zigzag in the first wave W within the fourth wave (4) of a
large Bearish correction has formed. Locally, a small starting impulse
seems to have formed and if the assumption is correct, the pair
continues growing towards the levels of 1.3950, 1.4130.
USD/JPY: wave analysis 2016-03-09 10:12 (GMT+2)
USD/JPY: wave analysis 2016-03-09 10:12 (GMT+2)
USD/JPY: wave analysis 2016-03-09 10:12 (GMT+2) A correction ended. The
pair is expected to fall. Assumingly, a downward impulse in the third
wave of the senior level continues developing. At present, an upward
correction in the fourth wave (iv) of iii shaped as a flat seems to have
formed and the fifth wave (v) of
USD/JPY: wave analysis 2016-03-09 10:12 (GMT+2) A correction ended. The
pair is expected to fall. Assumingly, a downward impulse in the third
wave of the senior level continues developing. At present, an upward
correction in the fourth wave (iv) of iii shaped as a flat seems to have
formed and the fifth wave (v) of
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