EURUSD: The pair witnessed a sharp sell off the past week cutting through its key support the 1.0818/08 zone. This development leaves EUR lower as we enter a new week. It will have to maintain below the mentioned support turned resistance to prevent any bullish offensive...
Besides the Ranking and Rating list provided here I will also prepare this weekend the Weekly Currency Score list which will support my analysis for trading in the coming week...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend. Besides this analysis and the corresponding chart I also provide the Forex ranking and rating list...
GBPUSD The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days...
USD: Fed Ends the Correction. Bullish. We believe USD could start to see inflows related to investment, rather than repatriation of assets. While the latter does not require tighter Fed policy, the former will benefit from a higher probability of Fed hikes...
AUDUSD: AUDUSD remains weak and vulnerable to the downside with risk of more weakness on the cards. Its big support lies at the 0.6926/0.6899 zone. However, we may see a recovery higher on correction in the new week folowing its last week sell off. On the downside, support resides at the 0...
gold look support in monthly chart. support $1079 if the Gold stay at the $1087 level, upside target 1102...
First, a few words about the forecast for the previous week: - Regarding the future of EUR/USD, the main forecast was that by the end of the week the pair would secure itself in the area of 1.0800...
Magister Advisors, U.K.-based consultancy which advises the technology industry on mergers and acquisitions, interviewed thirty of the leading bitcoin companies globally to find out a consensus view that bitcoin will become the sixth most widely used global reserve currency within 15 years...
S&P 500: bullish breakout. The price is on bullish market condition with the ranging within the following key support/resistance levels: 2134.42 key resistance level located above Ichimoku cloud in the bullish area of the chart, and 1863...
CRUDE OIL: The commodity extended its weakness on Friday to close the week lower. It also reversed most of its previous week gains. This development has opened the door for more weakness towards its key support at 43.19 zone. On the downside, support resides at the 42...
The stronger than expected job growth in the U.S. in October and the rise in average hourly earnings have driven the chance that the Federal Reserve raises rates this year to 74 percent...
USD/JPY rallied more than 100 pips and reached a peak of 123.07 following news the US economy added more jobs than expected in October, which boosted expectations of a rate hike by the Fed in December. However, following the knee-jerk spike, USD/JPY entered a consolidation phase just below 123...
According to NAB, there is limited scope for further gains in the residential property segment given that the Australian residential property price growth has continued to surpass expectations in recent quarters. NAB has thus reduced its forecasts for detached house price growth in 2016...
EUR/GBP is currently trading at 0.7120 with a high of 0.7197 and a low of 0.7108...
Rob Carnell, analyst at ING Bank noted that following a disappointing run of labour reports, the October figure substantially surpassed the consensus view in nearly all respects...
Dreadful week for the sterling indeed… Considering that GBP/USD was flirting with 1.5500 the figure on Monday and is now navigating the mid-1.50s...
EUR/USD fell to its lowest level since April as the dollar soared across the board after data showed the US economy added more jobs than expected in October...
The latest data from the CME Fed watch indicates the odds of a 25bps rate hike shot up across the board on the back of a stellar October Non-farm payrolls report released today. The December rate hike probability now stands at 71.7%, compared to 58% seen ahead of the data...
The dollar has accelerated its upside on Friday, now pushing USD/CHF to post 8-month peaks near 1.0060. USD/CHF trespassed 1...
