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Brexit Countdown: The "Has Britain Got Talent?" Edition Traders got back from a long weekend in London earlier today after May Day celebrations and spring festivals...
Today’s rate cut by the RBA goes beyond risk management, argues Deutsche Bank. "It marks a shift in the near-term target from unemployment to inflation. Given stagnant wage growth, the exchange rate will need to do the grunt work in getting core inflation from 1.5% back above 2...
The DXY $ Index, which has a higher EUR weighting, has briefly declined below the key support at 92.62/25 where fresh buying has been found, notes Credit Suisse. "Resistance for a recovery is pegged at 93.92 initially. Only above 95.20 would mark a near-term base," CS argues...
EUR/JPY: We have turned neutral in the short-term and would prefer to fade upticks or re-establish a bearish view on a break below 121.55 lows. Our downside targets are towards 119.90, near the monthly cloud base and then 118.75/115.35...
For the last six months, US real yields have been falling relative to those in the Eurozone and (even more sharply) in Japan...
Summary : Target Level : 106.26 Target Period : 5 hours Analysis : Channel Down identified at 03-May-08:30 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 106.26 within the next 5 hours...
In our previous week's post, GBPUSD: Possible End of Bullish Rally!, we laid out 2 possible scenarios regarding the last wave of the possible C. We believed that wave 5 of C would turn out to be an Ending-Diagonal (ED) that would target the upper-bound of the channel...
In our last article on USDCAD, USDCAD: Looking for the "Capitulation of the Capitulated"!, we discussed a potential last move to new lows and even though USDCAD made a new low, we are still not convinced that the bottom is in place...
Falling Wedge identified at 02-May-22:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.767 within the next 11 hours. Resistance Levels : ( B ) 0.7668Last resistance turning point of Falling Wedge. Support Levels ( A ) 0...
The dynamics of #USDCAD continues to show all signs of a downtrend. Among the main reasons of it still stands the recovery in oil prices, as well as the general trend of the U.S. currency weakening. Find out more by checking out the Source Link...
Bulls in #GPBUSD are not satisfied with what has already been achieved. The movement resumed with renewed vigor. Climbing develops within clearly designated price channel. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Welcome to my "Strength and Comparison" article for the coming month, the article "Ranking, Rating and Score" has also been published for this month. For analyzing the best pairs to trade looking from a longer term perspective the last 12 months Currency Classification can be used in support...
Welcome to my "Ranking, Rating and Score" article for the coming month, the article "Strength and Comparison" has also been published...
The #RBA cut the key interest rate to heat up the economy and inflation. What was the reaction of the #Aussie and other currencies in #Forex? Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
After a wide upthrust bar, also marked as heavy supply, on last Wednesday, the Yen broke the support at 107.62 the day after. It broke with healthy volume, and the prices only stopped downtrending on a reverse upthrust, and later a churn, which are volume patterns that show demand...
Gold Prices: Too Hot to Handle, Too Shiny to Ignore Talking Points: Gold Technical Strategy: Previously long, all targets hit. Gold has broken up to another fresh high, catching current resistance off of our previous 3rd-level target at $1,301.61...
Pivot Points Daily Last Updated: May 2, 11:15 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11889 1.13023 1.13733 1.14157 1.14867 1.15291 1.16425 USD/JPY 103.064 104.987 105.63 106.91 107.553 108.833 110.756 GBP/USD 1.44298 1.45233 1.45647 1.46168 1.46582 1.47103 1.48038 USD/CHF 0.94045 0...
Pivot Points Hourly Last Updated: May 2, 11:15 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.15008 1.15092 1.1513 1.15176 1.15214 1.1526 1.15344 USD/JPY 106.282 106.375 106.414 106.468 106.507 106.561 106.654 GBP/USD 1.46382 1.46516 1.46594 1.4665 1.46728 1.46784 1.46918 USD/CHF 0.95314 0...