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Daily price is on bearish market condition with secondary ranging: the price is located inside Ichimoku cloud for ranging condition; Senkou Span A line which is the border between primary bullish and the primary bearish on the chart is located far above the price which makes the reversal of the p...
Greece's Prime Minister Alexis Tsipras announced a referendum to be held on July 5 so that the citizens could vote whether they accept further cuts suggested by creditors or not...
EURJPY- The cross continues to face downside pressure leaving risk of more weakness to occur. On the downside, support comes in at the 136.00 level where a break will aim at the 135.50 level. A turn below here will target the 135.00 level with a breach turning focus to the 134.50 level...
US DOLLAR TECHNICAL ANALYSIS - Prices advanced as expected after prices put in a bullish Morning Star candlestick pattern. Near-term resistance is at 11937, the 50% Fibonacci expansion, with a break above that on a daily closing basis exposing the 61.8% level at 11985...
The yen slipped lower against the U.S. dollar on Friday, as sentiment on the greenback remained vulnerable after Thursday's downbeat U.S. data and as trading volumes were expected to remain thin with U.S. markets closed for the Independence Day Holiday...
New York Life Insurance Co. is targeting more deals after purchasing about 1.3 million policies from Manulife Financial Corp.’s John Hancock unit...
Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders. This week's main: Sunday Greferendum looms. How will Greeks vote...
Two polls and four twitter messages are raising the speculation of a political comeback by Dominique Strauss-Kahn...
Greek Prime Minister Alexis Tsipras and his creditors sparred heading into Sunday’s referendum on austerity as a poll suggested voters are inclined to accept deeper cuts...
European stocks declined, heading for their worst week in two months, as investors awaited Sunday’s Greek referendum on austerity. The Stoxx Europe 600 Index slipped 0.2 percent to 384.61 at 11:22 a.m. in London...
Morgan Stanley Exits Oil Falling prices have impacted heavily on investments in the commodities markets. Many companies are now steering well clear of commodities on the whole...
On Friday European stocks were lower, expected to lock in sizable losses for the week, as investors were nervous ahead of Sunday’s referendum over Greece’s bailout...
Greek referendum - its gonna cost around 110 million EUR according to Germany's FAZ (Frankfurter Allgemeine Zeitung). Expect early indications from around 18:00 GMT Sunday afternoon (July 5). On Monday, if the referendum goes ahead, it will be much, much worse by liquidity than it normally is...
Current trend On Thursday, the Euro grew by 30 points against the USD amid poor economic data from the US. Non-farm Payrolls amounted to 223 K of new jobs, which is 7 K below what was expected. The unemployment level fell by 0.2% to 5.3%, however, labor participation rate was only 62...
"USD/JPY fell to its lowest level in over a month yesterday before finding support just under 122.00" "Our near-term trend bias is lower in USD/JPY while below 124.40" D1 price is located above 100-day SMA and 200-day SMA with primary bullish for ranging between Fibo support level at 121...
Repeated efforts of China's government and central bank to stabilize the markets have failed, at least so far, as Chinese stocks keep plunging...
Chinese Tycoons Lose $34 Billion in June The worst monthly slump in Chinese stocks in two years wiped away more than $34 billion in combined net worth of the richest people in China and Hong Kong in June...
Candles sum up the price action over a set period of time: on a 5 minute chart, each candle represents 5 minutes of price behavior, whereas on a daily chart, only one candle is produced per day...
