President Draghi continued to distance himself from verbally jawboning the EUR, continued to rule out another rate cut, continued to say the ECB is rule-based when asked how long they can support Greece, said he saw no signs of a bond bubble, and continued to avoid saying anything to suggest tape...
2015-04-16 02:30 GMT (or 04:30 MQ MT5 time) | [AUD - Unemployment Rate] past data is 6.2% forecast data is 6.3% actual data is 6.1% according to the latest press release if actual < forecast (or previous data) = good for currency (for AUD in our case...
New Zealand Dollar corrected higher against US namesake after seemingly overturning the up move from the March swing low yesterday. A daily close above the 0.7503 area (horizontal pivot, 38.2% Fibonacci expansion) exposes the 50% level...
2015-04-15 03:00 GMT (or 05:00 MQ MT5 time) | [CNY - GDP] past data is 7.3% forecast data is 7.0% actual data is 7.0% according to the latest press release if actual > forecast (or previous data) = good for currency (for CNY in our case...
JP Morgan's EUR/USD forecast profile is unchanged this month and continues to show a slower decline for the rest of the year, after an unprecedented -11% drop in Q1. JPM's Quarter-end targets are 1.07 in Q2, 1.06 in Q3 and 1.05 in Q4...
The past week was quite “boring” in the precious metals complex. Gold and silver traded lower during the week befor recovering on Friday. The miners, obviously, followed a similar path...
International trade currencies: These currencies are heavily influenced by changes in global demand for raw materials (commodities) and finished goods. A few of them (CAD, AUD, NZD) are often referred to as the “commodity currencies...
The US Dollar continued to move higher against the Japanese Yen as expected after taking out the top of a Flag chart pattern. A daily close above the 38.2% Fibonacci expansion at 120.68 exposes the 50% level at 121.41...
Deconstructing ShadowStats. Why is it so Loved by its Followers but Scorned by Economists? (EconoMonitor) How tech billionaires are using money and data to solve for death (Washington Post) The Secret Sauce: How Buffalo Wild Wings Turned the Sports Bar Into a $1...
EURUSD Daily Pivots R3...
2015-04-10 02:30 GMT (or 04:30 MQ MT5 time) | [CNY - CPI] past data is 1.4% forecast data is 1.3% actual data is 1.4% according to the latest press release if actual > forecast (or previous data) = good for currency (for CNY in our case...
By examining the daily chart of the GBPJPY pair, we easily can notice that the pair has moved aggressively downwards during the previous period after placing a short-term top in the 185.00 regions. The psychological areas of 185.00 intersect with 61.8% Fibonacci of the major decline from 189...
The Pound advanced on several of its peers on Tuesday as UK Consumer Confidence and growth data printed above expected levels. While the GfK gauge of UK sentiment rallied to a 12-year high of 4 in March from 1 in February, the nation’s final fourth quarter growth data was revised to 0...
Lately the dollar began to lose ground, after winning more than 20% in the last 5-6 months! Personal watching two setupuricorelate strong dollar, namely Silver (or XAGUSD) and USDSGD...
The British Pound may have set a bottom against the Japanese Yen after producing a bullish Morning Star candlestick pattern. Near-term resistance is at 178.48, the 23.6% Fibonacci retracement, with a break above that on a daily closing basis exposing the 38.2% level at 179.73...
NFP is historically a volatile event Last month’s miss caused the EURUSD to decline over 118 pips Expectations for this Friday sit at 248k NFP (Non-Farm Payrolls) figures are released monthly and is one of the markets most highly anticipated events...
EURUSD failed again last week at Gann resistance in the 1.1040 area Our near-term trend bias is positive on the euro while above 1.0760 A move through 1.1040 is needed to set off a more serious advance A minor turn window is eyed around the latter part of the week Only weakness below 1...
The EURUSD has opened the day with a false breakout in early London trading. Prices moved above resistance found at the R4 Camarilla pivot near 1.1031, but quickly slipped back into the pivot range. Range resistance begins at the R3 pivot found at the psychological 1.1000 price point...
Nomura Holdings, Inc. (野村ホールディングス株式会社) is a Japanese financialholding company, and a principal member of the Nomura Group...
With the advent of global QE, and zero interest rates, have central banks unlocked the key to perpetual bull markets? They have managed to stretch some of the multi-year cycles, and hold off the bear much longer than most have anticipated...
