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EURUSD had a banner session yesterday. After rallying a massive 240 pips from low to high, the pair settled 45 pips above former confluent resistance at 1.1050. This level marks the December 2015 high and is also former trend line resistance that extends off of the prominent August 2015 high...
The Bank of England deputy governor Andrew Bailey has said its first priority in the event of a Brexit vote is to keep financial markets stable and manage the impact on the British economy...
GOLD: With the commodity breaking and holding above the 1129.00 zone on Wednesday, further bullishness is likely. On the downside, support comes in at the 1130.00 level where a break will turn attention to the 1120.00 level...
Pivot Points_Hourly Last Updated: Feb 3, 11:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09834 1.1045 1.10688 1.11066 1.11304 1.11682 1.12298 USD/JPY 115.934 116.723 117.192 117.512 117.981 118.301 119.09 GBP/USD 1.45069 1.45607 1.45809 1.46145 1.46347 1.46683 1.47221 USD/CHF 0.98819 0...
After 2 days of relief, reality is catching up with investors and the S&P500 is back to where it where it trades last week. Risk appetite is fading and we are back to risk-off mode. Crude oil is back below $30 which adds to the pressure...
As interest rates turn negative around the world, the Federal Reserve is asking banks to consider the possibility of the same happening in the U.S...
EUR/USD: Neutral: Only clear break above 1.0995/00 or below 1.0775/80 would indicate start of a directional move. There is not much to add as EUR/USD continues to trade quietly albeit with an improving undertone. EUR/USD extended its recent gains without testing the 1...
Global Stocks Are Working on Synchronous Bear Flag Formations Talking Points: - The New Year has brought an apparent flip in sentiment, as ‘buy the dip’ has turned into ‘sell the rip.’ This has produced bear-flag formations in many global equity indices...
Pivot Points - Hourly Last Updated: Feb 3, 7:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.0891 1.09669 1.10065 1.10428 1.10824 1.11187 1.11946 USD/JPY 115.769 116.902 117.44 118.035 118.573 119.168 120.301 GBP/USD 1.44614 1.45179 1.4554 1.45744 1.46105 1.46309 1.46874 USD/CHF 0.99439 1...
In my previous EURJPY analysis I pointed out that the prices were just testing a down trendline, and given the accumulation seen behind, it’d be wise to wait for an up-breakout of the resistance...
The yen turn-around After last week’s surprise move from the BoJ, we’ve seen some tough talking from BoJ head Kuroda overnight, stressing that the BoJ will do their utmost to achieve their 2% inflation target...
USDOLLAR Eyes Major Support Ahead of ADP, ISM Services Talking Points: - AUD/JPY, AUD/USD pivot at former support turned resistance. - EUR-crosses seek stability; important few days for EUR/GBP. - Follow trader sentiment in USD/CAD with live DailyFX SSI updates...
Pivot Points _ Daily Last Updated: Feb 3, 5:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.07974 1.08549 1.0886 1.09124 1.09435 1.09699 1.10274 USD/JPY 117.871 119.069 119.508 120.267 120.706 121.465 122.663 GBP/USD 1.41529 1.42725 1.43394 1.43921 1.4459 1.45117 1.46313 USD/CHF 1.00819 1...
Pivot Points - Hourly Last Updated: Feb 3, 5:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.08538 1.09028 1.09286 1.09518 1.09776 1.10008 1.10498 USD/JPY 118.349 118.814 119.067 119.279 119.532 119.744 120.209 GBP/USD 1.44378 1.44802 1.4501 1.45226 1.45434 1.4565 1.46074 USD/CHF 1.00628 1...
Last days, COSMOS4U AdMACD & COSMOS4UVolume Indicators generated a bearish divergence that begins on 28Jan2016 till today. AdMACD parameters for XAUUSD are 31,81,9. They were accurately calculated by COSMOS4U Research Team...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/CHF, AUD/USD and USD/CAD. EUR/USD: remains stuck in a tight range, with selling interest ahead of 1.1000 and buyers below 1.0800. There is likely to be a test above 1...
Australian private equity firm Champ is believed to be on the cusp of buying foreign exchange broker Pepperstone. It is understood that Champ could be acquiring Pepperstone in addition to one of its smaller rivals, which the broker itself was poised to buy...
GBPUSD: Having reversed its Tuesday losses to break further higher during Wednesday trading session, GBPUSD targets additional strength towards the 1.4559 level. Support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down, support lies at the 1.4350 level...
