Next week the Federal Reserve will announce its decision on monetary policy. No change in rates is expected and the statement is likely to watch for clues about the December meeting. If no signals of a December rate hike are found, Greenback could lose momentum...
Greenback, measured by the US Dollar Index is about to post the strongest close since early August. It rose sharply for the second day in a row, accumulating a gain of 2.30%. Today it peaked at 97.23 and it about to close at 97.15...
Central banks that maintain ultrasoft policy threaten to boost asset bubbles and make it harder to respond to the next financial crisis, the 17th Geneva Report has cautioned...
Some key economic news was released last Thursday and Friday both from the ECB and the PBoC which is another sign of the woes that will drive gold prices higher against its G10 currency competitors. The following is my take on the big picture and how it will effect gold prices moving forwards...
We finished another week of intraday spread trading with excellent results that bring us back to +116 pips since the beginning of the month and +2157 pips YTD. We are below the monthly average, but the goal is to close in profit also the month of October...
USDCHF: The pair strengthened the past week taking back its three-week losses to close higher. This development has opened the door for more strength towards its key resistance at the 0.9843 level. This level if broken will set the stage for a run at the 0.9900 level...
The following are UBS' latest short-term (mostly intraday) trading strategies for USD/CHF, AUD/USD, and NZD/USD. USD/CHF: Buy dips to 0.9680/90, but fade rallies towards 0.9800/20. AUD/USD: We prefer selling rallies to 0.7300, targeting 0.7230. NZD/USD: We prefer fading NZDUSD rallies closer to 0...
EURJPY: EURJPY sold off on price failure cutting through its key support 134.79 level on Thursday. This development now leaves it targeting further weakness towards the 133.50 level. As long as it can trade and hold below its support at 134.79 level, more weakness is likely...
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. News of the week: Analysts predict perfect storm for EURUSD by December as Draghi is expected to announce further easing...
Overview and Dynamics As reported yesterday, the National Bureau of Statistics (ONS) the UK, retail sales in the country in September compared with the previous month increased by 1.9% (+ 6.5% yoy), showing the strongest monthly increase since December 2013 forecast It was 0.3% m / m, + 4...
The ECB left policy unchanged and Mario Draghi delivered the maximum level of dovishness at the press conference...
#Draghi said the #euro "should continue to decline" and it is a #signal to sell. #EURUSD has reached an important level of support and, given the mood of #bears, it could be passed very soon. #Trend #indicators confirm the downward trend. Find out more by checking out the Source Link...
#USDJPY has reached an upper boundary of a sideways #channel, where #quotes stay for the last two months. But we can enter a long position only after breakout of one of its borders. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers...
On #Friday, #gold is rising. The #metal gained an upward momentum after yesterday's #ECB meeting and a press conference of Mario #Draghi, where he gave quite unambiguous signals that the quantitative easing program could be expanded, and the #rate could be reduced...
H4 price was on bearish breakdown with the reversal: the price broke Ichimoku cloud together with the key support levels from above to below and it was stopped in the bearish area of the chart to be near 1.1071 support level...
GOLD: With the commodity continuing to hold on to its downside pressure, further downside pressure is likely. On the downside, support comes in at the 1155.00 level where a break will aim at the 1140.00 level. A cut through here will open the door for move lower towards the 1130.00 level...
Weekly price is on bullish market condition for the secondary ranging which was started in the beginning of May this year: the price is located above 100-period SMA and above 200-period SMA for the ranging between 100.39 resistance level and 92...
Forecasts from Lloyds Banking Group suggest we may be witnessing the best levels in GBPAUD. The pound sterling may have put its best rates against the Australian dollar behind it according to new research from Lloyds Bank...
The following are UBS' latest short-term (mostly intraday) trading strategies for AUD/USD, NZD/USD, and USD/CAD. AUD/USD: We prefer playing AUDUSD from the short side, looking for a move towards 0.7000, adding into rallies towards 0.7250 and trailing the stop lower to 0.7310...
