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For today R4 - 1.1115 R3 - 1.1052 R2 - 1.0997 R1 - 1.0965 SPOT 1.0935 S1 - 1.0906 S2 - 1.0864 S3 - 1.0836 S4 - 1.0795 LONG AT 1.0850 FOR 1.1115; STOP AT 1.0790 How to trade support & resistance levels To see more ideas, check my blog Or follow on Twitter...
China’s economy, the second largest in the world, is increasingly powered by technology — just like the rest of us. But because China essentially has two Internets, its tech companies have had relatively unchallenged access to 632 million (and growing) Internet users...
Though the details remain sketchy as to whether it was a robbery — stealing when people are there — or a burglary — stealing when they are not, the first U.S. bank robbery of note was recorded on March 19, 1831, and involved a theft from the City Bank of New York in the sum of $245,000...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, and NZD/USD. EUR/USD: The range play will likely continue but we don't see many reasons to be long. Sell near 1.1000 with stops at 1.1055. AUD/USD: Buy current dips to 0.7650-60 with stops below 0...
Crude oil is priced in terms of regional blends, each with different characteristics. Traders follow certain blends that reflect the overall value of oil. From about 161 different types of crude oil traded all over the world, the four primary benchmarks are noteworthy to mention...
I would like to thank many of you for your valuable feedbacks. We hear your comments, and we have listened to your concerns. Drawdown is an issue for all traders, and we have revised our EA per your recommendation...
Sooner or later, the Fed rate hike will come, and gold investors have to make peace with it. However, is the delay in the rate hike the sole bullish factor influencing gold price...
The greenback has dropped 3.6 percent against the euro since touching a 12-year high last month amid speculation the Federal Reserve will delay raising interest rates - in part because the dollar’s strength is hurting U.S. economic growth...
US DOLLAR TECHNICAL ANALYSIS Prices declined as expected after putting in a bearish Evening Star candlestick pattern. Near-term support is in the 11858-86 area (March 18 low, 23.6% Fibonacci retracement), with a break below that on a daily closing basis exposing the 38.2% level at 11679...
According to Goldman Sachs estimates, it is too early to get excited about the seven-week high reached on Monday, as there are several more months of low oil prices ahead...
The following are the latest major currencies forecasts (end of period) as provided by Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU). The Bank of Tokyo-Mitsubishi UFJ, Ltd...
On Tuesday the greenback was higher versus its peers, as it regained ground after suffering sharp losses caused by Friday's disappointing report...
The Confederation of British Industry (CBI) estimated that Britain's economy expanded by 0.7% in the three months to March, up from 0.6% in the previous quarter. Business lobby group also said growth would probably intensify in the current quarter...
Greek Finance Minister Yanis Varoufakis said on Sunday that Greece "intends to meet all obligations to all its creditors, ad infinitum," seeking to quell default fears ahead of a big loan payment Athens owes the IMF later this week...
On Tuesday copper futures rose, as concerns over a disruption to supplies supported prices. Prices of the red metal have risen almost 14% since hitting a recent low of $2.420 on January 26...
On Tuesday Asian shares closed mostly higher having received a boost from Wall Street, with many market players shrugging off Friday’s downbeat U.S. jobs data as they returned from holiday...
On Tuesday West Texas Intermediate oil futures declined after a big rally on Monday, as market players awaited fresh weekly information on U.S. stockpiles of crude and refined products to estimate the strength of demand in the world’s largest oil consumer...
The 12-member Organization of the Petroleum Exporting Countries (OPEC) which controls more than 80% of the world’s oil reserves (as of 2013), is losing its sway over crude-oil prices that it has been credited with in the past...
The key theme on the gold price chart are the two trading ranges since gold’s all time highs. One trading range started end of 2011 and lasted till early 2013, the second one is still in play. In technical terms, both trading ranges took the form of a descending triangle...
On Tuesday the Australian dollar jumped after the central bank held rates at 2.25% and even indicated more cuts were possible...
