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Hello friends, I am getting message from my web site visitors and community friends regarding my signal. I am writing few lines for all of my well-wishers. We know very well that there is no guarantee in the forex market...
Dear Traders, The euro has made several attempts to break above the 1.09-barrier and therefore we needed to trade our long-entry persistently in order to regain some pips. As we noted in Friday's analysis, there could still be some room for further gains in the EUR/USD...
The price is located below Ichimoku cloud for the primary bearish area of the chart for the secondary ranging within the following key reversal s/r levels: 13.82 support level located far below Ichimoku cloud in the primary bearish area of the daily chart, and 16...
Recently Stephen Poloz said that Canadian central bank expands its emergency kit to defend the economy against major shocks - it can use lower interest rates in the event of a crisis...
The ECB member Edwald Nowotny defended the last week’s decision to cut deposit rates, but avoid increasing the size of the QE and said the central bank would not let the market expectations to influence its decision...
The ECB member Edwald Nowotny defended the last week’s decision to cut deposit rates, but avoid increasing the size of the QE and said the central bank would not let the market expectations to influence its decision...
Karen Jones, Head of FICC Technical Analysis at Commerzbank, the single currency could re-test the 1.0980 area vs. the greenback. Key Quotes “EUR/USD is attempting to stabilise very near term circa 1.08”. “There is scope for a further advance very near term to the 1.1032 200 day ma and even the 1...
The IFO economic institute revised its 2016 German GDP forecasts higher and stated the private consumption will continue to drive the upswing. Key Points 2016 GDP forecast raised to +1.9% from the previous forecast of 1.8% 2015 GDP forecast lowered to +1.7% from the previous forecast of +1...
The selling pressure on the AUD intensified in the European morning, knocking-off AUD/USD to fresh session lows below 0.72 handle. AUD/USD drops to 50-DMA Currently, the AUD/USD pair trades -0.28% lower at fresh session lows of 0.7193, heading for a retest of Tuesday’s low struck at 0.7184...
Japan's core machinery orders threw in a surprise by rising 10.7 per cent in October, registering gains for the second straight month. The gains were higher than a 7.5 per cent increase in September, which had seen the first increase in core orders in four months...
The EUR/USD pair trimmed gains to trade around 1.0915, while the European stocks trade mixed following a firmer start. Focus on stocks The shared currency could continue to track the movement in the European equities as the data docket is empty...
The EUR/USD pair trimmed gains to trade around 1.0915, while the European stocks trade mixed following a firmer start. Focus on stocks The shared currency could continue to track the movement in the European equities as the data docket is empty...
With the USD having appreciated consistently for approximately eighteen months, there is massive long positioning in the market...
In the view of Pernille Henneberg, Senior Analyst at Danske Bank, the Norwegian krone remains vulnerable in light of the slump of crude oil prices and the prospects of rate cuts by the Norges Bank...
The two-day rally seen in gold appears to lose steam near 5-DMA placed at 1079 levels and the price drifted lower amid positive sentiment on the European stocks. Gold: Higher lows on daily charts, breakout in sight? Currently, gold trades marginally higher at 1076...
Market Summary EURUSD 15 min. chart: Long sentiment from 1.0918. The long zone starts from this level. EURUSD could be bought at any level till the price reach the targets above. Short sentiment from 1.0862. The selling zone starts from this level...
H4 price is on bullish market condition with the secondary correction: the price is traded near Ichimoku cloud and Senkou Span line which is the virtual border between the primary bullish and the primary bearish on the chart...
Research Team at BNP Paribas, notes that the USDCNY reached a new high this morning at 6.4250 as Chinese authorities allowed further RMB depreciation. Key Quotes “This trend is consistent with our expetctations that the pair will trend towards 6.60 during 2016 as the USD rebounds...
The bid tone on the JPY is seen easing post-European open, sending USD/JPY back towards 123 handle as risk-on returns to markets. USD/JPY: Risk-on seeps back Currently, the USD/JPY pair trades -0.09% lower at 122.81, recovering from session lows reached at 122.64 levels...
