The Organization for Economic Cooperation and Development (OECD) has cut its economic growth forecasts for large developed economies, including U.S...
D1 price is on primary bullish for trying to break 1.1097 resistance for the bullish to be continuing. H4 price is on falt within primary bullish ranging with the channel between 1.1098 resistance and 1.1030 support level. W1 price is on primary bullish for trying to break 1...
Technical Analysis for Dollar Index The Fed is set Wednesday to Taper its QE3 further and release updated economic and interest rate forecasts...
EURJPY broke out above a descending trend-line. Although this trend-line was only tested once, it was expected to be quite strong especially seeing the sharp fall afterwards. Only, now that price has broken out of this trend line, we are looking for the next available trade...
I opened a short trade on the USDHF pair about an hour before the markets closed. Not the greatest idea to do so. Taking a look at today's commitments of traders (COT) report revealed a massive short position held by non-commercial traders...
One common misperception with forex trading is that traders are able to predict trends. In other words, they use technical analysis to determine when the market is going to move in a particular direction...
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The WSJ: A handful of giant commodity traders such as Trafigura Beheer BV, Glencore and Vitol Group are increasingly taking a central role in global commodity markets. Those companies do not just bet on prices or arrange shipments...
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Despite Glenn Steven's (Governor, RBA) best attempts at jawboning, the Aussie dollar has remained stubbornly high. A close look at the stats shows that all is not rosey with the Aussie economy, yet it continued to hold. With the "impending" recovery of the US economy, how long can it last...
With miners battling iron ore prices at five-year lows, up to 235 million tonnes of iron ore capacity is expected be taken out of the market in the next 18 months. Thus, it's "the end of the Iron Age", according to Goldman Sachs...
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EURJPY is undergoing heavy buying right now. For those that have not been buying into this trade, I do not recommend it as it is too late to do so. The reward to risk ratio has been lowered significantly. Two resistance levels have been marked. The higher resistance can be considered tested once...
Bitcoin / Dollar (BITSTAMP:BTCUSD) 462.42 HIDDEN DIVERGENCE - Chart Analysis: bitcoin didn't manage to reach this low again althrough.... click on for more bitcoin charts...
USDJPY USD/JPY traded it its highes level in almost 6 years today before stalling near the 127% extension of the 1Q14 range Our near-term trend bias remains higher in the rate while above 104.70 A close over 106...
To be able to forecast with technical analysis in this way with a high success ratio requires a deep understanding of price movement, why it does what it does and what happens when it doesn’t move in the way that has been predicted. Some methods are based around Elliott Wave, time cycles and more...
EUR/USD is the most widely traded currency pair in the forex trading market accounting for some 50% of trades. This implies the tightest spreads and may hence be one of the better cross pairs to start trading...
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