W1 price is located above 200-period SMA and below 100-period SMA for the primary bullish market condition with secondary ranging between Fibo support level at 126.08 and Fibo resistance level at 141.05: 38.2.% Fibo level at 135...
Although the Greek parliament accepted austerity measures preventing the country from an immediate default, there are still considerable risks ahead, notes ratings agency Moody’s. Greece’s fiscal strength was “low” and the potential to reduce its debt burden was not clear...
The euro exchange rate complex remains under pressure on news that the ECB will keep its monetary policy unchanged...
Current trend As it was expected, after the correction to the lower border of the ascending channel, the USD went up again. At the end of the last and in first half of this week the "bullish" sentiment prevailed in the pair...
1. At the center or first level of the market is something known as the Interbank market. While technically any bank is part of the Interbank market, when an FX Trader speaks of the interbank market he or she is really talking about the 10 or so largest banks that make markets in FX...
W1 price is located below 200-period SMA and below 100-period SMA for the primary bearish market condition with secondary ranging between 61.8% Fibo support level at 1.0843 and Fibo resistance level at 1.1466: 50.0% Fibo support level at 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, July 16th AUD/USD falls amid yesterday strong U.S. PPI data and investors looking ahead to the timing of a likely rate hike. The pair is down to 0.7370. The support and resistance levels are located at 0...
Danske Bank is the 3rd bank estimating the EUR/USD to be around 1.02 - 1.04 at year-end. This bank explained it by 3 reasons: "Firstly, the Greek contingent deal implies that the saga continues...
Societe Generale evaluated the daily GBP/USD charts and estimated the bullish breakout for this pair with 61.8% Fibo level as a target at 1.5700: "GBP/USD now appears to inch higher towards 1.57/1.5790. 1.5950 decides about next leg of uptrend...
Citibank provided some forecasts concerning fundamental news events on Thursday related to ECB meeting and potential EUR reaction. Citi described it on 4 points to be mention: "European data has improved, but undeniably the risks to Europe have increased...
NZD/USD: Short position closed The open position for the NZD/USD has been closed on July 13 as a precaution. A profit has been made of 72 pips. The pair is still in a downtrend and had a strong pullback...
Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA: the price crossed 0...
Data on China's quarterly growth released Wednesday beat analysts' forecasts signalling that the world's second largest economy is gaining momentum. However, these new numbers have spurred concerns over their accuracy...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bullish ranging between 23.6% Fibo support level at 15.40 and Fibo resistance level at 17.75: 23.6% Fibo support level at 15...
Oscillator Currency Oscillator Currency is the system making fluctuations that is which indicators periodically repeat in time. Oscillator Currency - the indicator of the technical analysis which characterizes a condition of an overbought or an oversold of the market...
Now that the historic deal between Iran and world major powers is concluded, it is high time to remember how much oil and gas Iran might release into the already oversupplied market...
Iran holds the fourth largest oil reserves in the world, which compile around 158 billion barrels. It also sits on the second largest reserves of natural gas. But the most of that is still to be explored due to the isolation the country has faced in the recent years...
Iranian oil will not appear on the market during the quarter more Key news yesterday - an agreement on the Iranian nuclear program. It is reached and all the attention on the conditions for lifting the embargo on the supply of oil...
In this episode of the Keiser Report, Max Keiser and Stacy Herbert compare Greece's deal with bloodletting as both represent fatal methods of curing...
Current trend After yesterday’s statement by the Bank of England regarding the possibility of interest rates hikes in the UK as inflation is rising, the GBP grew. At the same time, the USD is strengthening against all major currencies except for the GBP...