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A marked downward revision in the U.S. growth rate may generate a short-term rebound in EUR/USD should the preliminary 4Q Gross Domestic Product (GDP) report dampen bets for a mid-2015 Fed rate hike...
For today R4 - 0.7914 / R3 - 0.7877 / R2 - 0.7836 / R1 - 0.7816 SPOT 0.7795 S1 - 0.7740 / S2 - 0.7721 / S3 - 0.7698 / S4 - 0.7667 SELL 0.7840...
Gold will come under further pressure over the course of the year as the Federal Reserve moves closer to lifting rates, but prospects for the precious metal looks far more promising in the next few years, according to Bank of America Merrill Lynch...
USD/CAD Technical Strategy: Flat Support: 1.2328, 1.2181, 1.2035 Resistance: 1.2564, 1.2646, 1.2827 The US Dollar remains locked in a familiar range below the 1.27 figure against its Canadian counterpart after turning lower as expected. A daily close below the 1.2328-81area marked by the 38...
GBP/USD Technical Strategy: Long at 1.5373 Support: 1.5395, 1.5322, 1.5180 Resistance: 1.5573, 1.5737, 1.5923 The British Pound put in a Bearish Engulfing candlestick pattern, hinting a move lower against the US Dollarmay be ahead. A daily close below channel support at 1.5395 exposes the 14...
USD/JPY Technical Strategy: Flat Support: 118.82, 117.17, 115.48 Resistance: 120.82, 121.91, 123.88 The US Dollar remains locked in a narrow range between channel support and the 120.00 figure against theJapanese Yen. A daily close above the December 23 highat 120.82 exposes the 121...
EUR/USD Technical Strategy: Flat Support: 1.1185, 1.0970, 1.0796 Resistance:1.1318, 1.1533, 1.1659 The Euro moved sharply lower against the US Dollar, with prices attempting to clear path to the late-January low anew. Near-term support is at 1.1185, the 23...
For today R4 - 1.2775 / R3 - 1.2697 / R2 - 1.2662 / R1 - 1.2617 SPOT 1.2515 S1 - 1.2380 / S2 - 1.2353 / S3 - 1.2314 / S4 - 1.2200 BUY AT 1.2495 FOR 1.2800 STOP AT 1.2380 How to trade support & resistance levels To see more ideas, check my blog Or follow on Twitter...
On Friday, Bank of Japan Governor Haruhiko Kuroda reiterated his estimate that a moderate rebound in crude oil prices will help anchor 2% inflation "around fiscal 2015" but outlined a slip in longer-term public inflation expectations...
The bank, which declined to comment on the identity of the workers, said today: "We can confirm that two members of staff have been suspended as part of the on-going FX investigation at the bank...
The concept of The Forex Fractal is more than just a strategy idea. It was first explained to me in depth by top trader and CTA (Commodities Trading Advisor) Chris Lori. If you find what follows interesting, I definitely recommend the study of Chris’s materials...
The US Dollar continues to oscillate in a range above the 1.23 figure against its Canadian counterpart having begun a downward reversal as expected. Near-term support is in the 1.2328-81area, marked by the 38...
Can stocks rise in spite of weak earnings growth? (SKrisiloff) What is Google’s Market Share for Search? (Priceonomics) see also YouTube: 1 Billion Viewers, No Profit (WSJ) On Scarcity (TRB) New-Home Sales Are Surging. Why Aren’t Existing Homes As Hot...
US DOLLAR TECHNICAL ANALYSIS Prices look to be reversing downward as expected after putting in a bearish Evening Star candlestick pattern. A daily close below the 14.6% Fibonacci retracementat 11740 exposes the 23.6% level at 11653...
On Thursday global equities reached a new record and bond yields sank to fresh lows, as investors positioned for an extended era of cheap money ahead of the European Central Bank's looming bond-buying plan...
US stocks opened lower after the release of mixed US economic data, including softer-than-expected inflation figures...
On Thursday Samsung Electronics Co. announced it will freeze its employees' salaries this year as part of an effort to cut costs while profits are shrinking...
The start of 2015 provided an unfavourable backdrop for the EUR, with the single currency facing a triple threat from the ECB’s decision to embark upon a quantitative easing programme, Greek debt negotiations, and diverging economic trends with the US...
On Thursday gold remained in a positive territory, as markets estimated a series of U.S. data on initial jobless claims, consumer price inflation and durable goods orders...
With the exception of the German DAX, European stocks have opened trading by easing away from recent highs. I do not think that the bull-run for the German DAX is complete and in the longer-term, it is probably going to continue moving higher...
