Russian Deputy Prime Minister Igor Shuvalov on Friday said floating the ruble was an extremely painful but necessary step. "We believe that [free floating the ruble] was done extremely painfully, but completely justified and correct," Shuvalov said during a parliamentary session...
The Gold metal advanced to cap at $1306.67 the previous week and yesterday declined to support at 1252.06. The precious metal is in an uptrend as indicated by the rising trend line. Moreover, we see that the Gold found support at the 20 Simple Moving Average and at the 38...
The advance U.S. 4Q Gross Domestic Product (GDP) report may generate a larger rebound in EUR/USD should the fresh batch of data highlight a slowing recovery in the world’s largest economy...
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. Top news of the week: EU extends Russia sanctions. How far the economic wars can go...
The eFXnews Team shares SEB’s technical outlook for AUD/USD, with SEB predicting the pair to bounce higher from 0.7720 before resuming lower. Key Quotes “After the strong rejection lower on Wednesday the market has both rechecked and validated the break of the very important 0...
The FXMarketAlerts Team shares that AUD/USD is now eyeing the 0.7720 low, with the pair weighted down by falling commodities and RBA rate cut expectations. Key Quotes “AUD/USD at 0.7777/79, running into selling interest ahead of 0.7800. With focus on 5-half year lows of 0.7720. Then 0.7700 handle...
In this lesson we are going to learn about the Average directional Index (ADX), an indicator which helps traders determine when the market is trending, how strong or weak a trend is, and when a trend may be about to start or reverse...
Emmanuel Ng, FX Strategist at OCBC Bank, views the dovish hints from BOE members to drive GBP/USD towards 1.5000 levels in the near-term. Key Quotes "The GBP-USD remained particularly susceptible to dollar cues despite the EUR stabilizing on Thursday with cable dipping briefly below 1.5050...
Analysts at Societe Generale, view NZD/USD set for a deeper correction, expecting the pair to head towards 0.6870 levels in 1-3 months. Key Quotes “The pair has confirmed a multi-month head and shoulder (daily chart) and is evolving within a descending channel...
We should now have a good understanding of how to spot trends in the forex market, stock market, and futures market. Now lets tie everything together we have learned thus far with the final concept - Multi Time frame analysis...
Born in 1942, Jim Rogers had his first job at age five, picking up bottles at baseball games. Winning a scholarship to Yale, Rogers was coxswain on the crew. Upon graduation, he attended Balliol College at Oxford. After a stint in the army, he began work on Wall Street...
Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups by John F. Carter The bestselling Mastering the Trade presents you with a step-by-step approach for becoming a successful trader. Written with authority by fulltime trader and fund manager, John F...
The following is USD/JPY range and outlook for next week as provided by Bank of Tokyo-Mitsubishi UFJ (BTMU). USD/JPY – NEUTRAL BIAS – (115.50-119.00) The market expectation for US economic recovery and the Fed’s rate hike continued to support the US dollar buying...
Lately AUD pairs are showing some interesting behavior, and are keeping the advances despite the gold tanking. AUDCAD, after failing the break-out of the 99 80 resistance (#1 – shown by the red supply signals, and by the fall since then), started showing demand at 23th January (#2...
2015-01-29 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Unemployment Claims] past data is 308K forecast data is 300K actual data is 265K according to the latest press release if actual < forecast (or actual data) = good for currency (for USD in our case...
2015-01-29 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Unemployment Claims] past data is 308K forecast data is 300K actual data is 265K according to the latest press release if actual < forecast (or actual data) = good for currency (for USD in our case...
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Strategist Richard Franulovich at Westpac recommends selling the shared currency vs. the US dollar and the Swiss Franc. Key Quotes “Not a lot going for the euro right here, even as ECB QE anticipation is out of the way and positions are of course heavily lopsided”...
GBP/USD settled in a lower range on Thursday as the greenback strengthened a tad following the Federal Reserve statement. GBP/USD climbed to a daily high of 1.5161 during the European session, but was rejected and sent to a low of 1.5109...
