At another Blog here I showed that there is a 81% probability that the USD Index makes its low or high on January/February and it seems that this year we may see a great advance in the USD Index until which might begin as soon as the High & Tight flag formation complete and break out happen...
EURJPY: With the cross following through higher on the back of its Monday gains on Tuesday, it looks to retest its key resistance at the 134.98 level. Support comes in at the 133.50 level where a break will aim at the 133.00 level. A turn below here will target the 132...
In recent weeks, many market players have raised concerns over China’s growth prospects, even calling for the Federal Reserve to postpone raising rates during the height of the turmoil, but one economist says these fears are exaggerated...
With the gold price retracing to previous day's high, see the possibility of a stronger downward fall. Expect gold price to reach around 1011 and then retrace to 1071 before continuing to go down further...
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EURUSD: EUR lost upside momentum during Tuesday trading session today leaving risk of further downside pressure on the cards. A follow through lower is expected to create scope for more weakness which is consistent with its short term downtrend. Support lies at the 1...
Current trend The AUD strengthening today was due to improving business conditions in August in Australia, according to the latest data. However, in the second quarter the Australian GDP only grew by 0.2%, compared to a 0.9% growth for the first quarter...
Barclays made a forecast for this week concerning EUR/USD related to funbdamental factors such as the following: "With the last employment report before the September meeting over, we think that markets will square positions ahead of the FOMC decision on September 17...
#Pound has surprised #market participants when #GBPUSD has suddenly turned around and began to grow. #VistaBrokers analysts name several reasons for this. Find them all by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
As of now, the eurusd price seems to be in the perfect set up for a FREE FALL in the coming weeks. The complete set of moving averages, fibo levels and zz indicate the possibility of a SELL trend. Unless and until the eurusd price goes above the previous week's high, the fall seems to be certain...
As of now, the gold price seems to be in the perfect set up for a FREE FALL in the coming weeks. The complete set of moving averages, fibo levels and zz indicate the possibility of a SELL trend. Unless and until the gold price goes above the previous week's high, the fall seems to be certain...
The fate of #USDCAD may be decided tomorrow, after the #BOC meeting, but currently the #trend remains upward. The situation in #GPBUSD has changed radically and it is likely that the upward trend will continue until the #BOE meeting on Thursday. Find out more by checking out the Source Link...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, September 8th USD/JPY is higher today despite better than expected current account figures with 1.32T proficit. The Japanese GDP numbers were out in the green colour, also...
US Dollar - "We are thus headed into another week of uncertainty for the US Dollar, S&P 500, and other key assets. It is worth noting that FX volatility expectations have fallen for the week ahead...
H4 price is on bearish market condition with secondary ranging between 1.1222 resistance and 1.1086 support levels. The price is started the local uptrend on open H4 bar as the secondary market rally by trying to break 1.1222 resistance from below to above for the rally to be continuing...
Tuesday's Asian #trading session was extremely saturated with interesting #news. China has released data on imports, which has declined in August by 13.8% (vs. 8%). After this publication #oil has dropped sharply. Find out more by checking out the Source Link...
Morgan Stanley stated that AUD is in oversold related to USD but, anyway, they believe for the bearish trend to be continuing: AUD: Domestic Story Deteriorating. Bearish. "Despite the sell-off already seen in AUD, we believe there is scope for further weakness...
CRUDE OIL: Having followed through lower on the back of its Friday losses on Monday, further decline looks likely in the days ahead. This view is line with its rejection candle on the weekly hart and its failure ahead of the 49.30 area last week. On the downside, support resides at the 44...
