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The USDOLLAR Index has rallied everyday this week, but if it wants to rally further, it's going to need to clear out a recent swing level just overhead. Continue Reading...
Once European markets closed yesterday, Treasury yields started to move higher again. The Richmond Fed index was strong, but I’m not sure that’s really the driver. The only data today comes from New Home Sales, likely to be stronger too...
Bitcoin is the most popular virtual currency yet developed. Proponents assert that bitcoin can remove frictions involved in payment and settlement systems by eliminating the need for the financial intermediaries that exist in traditional currencies...
Intraday Technical Levels and Trading Recommendations for USD/CAD for March 23, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...
Intraday Technical Levels and Trading Recommendations for GBP/USD for March 23, 2016 On January 21, after the GBP/USD pair moved below 1.4340, evident signs of bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4340 again. Bullish persistence above 1...
Intraday Technical Levels and Trading Recommendations for EUR/USD for March 23, 2016 In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms had been previously set in July 2012 and June 2010...
Our short position in #GPBUSD already brings a quite large but unfixed #profit. A directional movement, which is currently observed, is a perfect time to add volume to the position. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers...
We have closed an order to sale #USDJPY with a #profit. As a result of further upward movement, the fractal was crossed upwards, and it involved us to the buy order. Find out more by checking out the Source Link...
We ask one of the leading Canadian dollar technical analysts where he sees the CAD going against the euro, US dollar and British pound. The Canadian dollar has been on a tear higher lately, buoyed by the strong fundamental underpinning provided by a recovery in oil prices...
Both a Donald Trump and Hillary Clinton victory in the November election are keeping the US dollar under pressure argues a prominent currency analyst. The US dollar is already weakening on the back of political risk argue BMO Capital Markets in their latest forecast note on the US dollar...
Had the Nationalists won the Scottish indepence debate the country would be declaring independence around about now. Economically, what has changed and how will it influence the debate going forward? In the event of a Brexit Scotland would probably be justified in calling their own referendum...
Dear Friends, Global Trends 2016 Report has been published for all clients. Now you can get this report (31 Pages). Please see the below message which brought to you from www.hotforex...
Analysis : Inverse Head and Shoulders identified at 23-Mar-10:30 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.311 within the next 8 hours. Supporting Indicators : Upward sloping Moving Average Resistance Levels...
Almost two weeks ago the European Central Bank stated clearly that scope for further rate cuts was very limited...
Some particularly sensitive bulls heard the alarm bell when #Gold today went below the support line of the current medium-term uptrend. It is recommended to stay out of the market until the #quotes leave the range of 1226.55-1271.38. Find out more by checking out the Source Link...
We should note a downward momentum of #GPBUSD after yesterday's terrorist attacks in #Brussels. Due to this and other fundamental factors, soon we may witness the testing of the short-term uptrend support line. Find out more by checking out the Source Link...
EUR/USD: Change to Neutral: Bullish phase ended, in a broad 1.1120/1.1375 range now. The break below 1.1200 yesterday was not surprising and indicates that the bullish EUR phase that started on the 11 Mar has ended...
The federal government released its 2016 budget today. The fiscal deficit for FY2016-17 is expected at C$29.4bn (1.5% of GDP), roughly in line with expectations, and at C$29.0bn (1.5% of GDP) for FY2017-18...
USDX Technical Analysis for March 23, 2016 The Dollar index showed renewed strength yesterday and broke out of the short-term bearish channel. Is it a trend reversal? The decline has an overlapping structure which implies we are in a corrective phase...
