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25.01.2018 USDJPY USDJPY managed to hold downtrend wave toward target 109.50 as we advised before while market managed to break below this zone yesterday giving signs of more drop yet to come toward second target 108.00-20 zone. As long as market holding below 109...
Candlestick patterns are leading signals for trend reversal and trend continuation. However interpreting these candlestick patterns is an art that requires years of experience. Candlestick patterns are most of the time vague and imprecise...
Upside move. (By Peter Rosenstreich ) • Bitcoin is heading upward. Hourly support is at 9'185 (17/01/2018 low). In the short-term, the technical structure suggests further increase...
Monday’s fruitless negotiations between the United States and its Canadian – Mexican counterparts has brought many uncertainties to the question if the trilateral “American” arrangement might hold...
With all the noise created by Trump’s visit in Davos, the first ECB meeting of the year will almost go unnoticed. The single currency printed another multi-year high earlier this morning as EUR/USD reached 1.2459 before consolidating at around 1.2415...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, January 25th The EUR/USD pair keeps its bid tone, having again refreshed 3-year highs at 1.2459 spot, on the back of ongoing weakness of the US dollar, caused by several factors...
Unconditional center of attention of traders today is the meeting devoted to the issues of monetary policy and the ECB press conference. The probability that the ECB's current basic interest rates will remain at the same level (the key rate is 0%, the deposit rate is -0...
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24.01.2018 GBPUSD British Pound managed to retrieve uptrend wave after yesterday drop correction where market managed to break above 1.4000 resistance zone where managed early today to close from target 1.4120. Market still on the heavy uptrend wave where market facing Intraday-Level support at 1...
Flattening. (By Peter Rosenstreich ) • Bitcoin is trading mixed. Hourly support is at 9'185 (17/01/2018 low). In the short-term, the technical structure suggests a continued bearish...
Receiving international loans since 2010 and more recently through the EU 2015 bailout (EUR 40.2 billion distributed out of EUR 86 billion made available) and on the verge of receiving additional EU financial assistance of EUR 6...
Since the beginning of the week, the US dollar has consolidated losses against most of its peers. However, it seems that this period of is over as investors have started to sell the greenback once again. On Wednesday, the yen rally resumed with USD/JPY breaking the 110 support to the downside...
On Wednesday, the US dollar continued to decline. Concerns about US protectionist trade policies have come to the fore once after US President Trump threatened trade barriers to Chinese goods...
23.01.2018 USDJPY intra-day analysis USDJPY (110.80): The USDJPY continues to consolidate near the 110.70 level of support marking the seventh day of prices trading flat near this level. The BoJ’s meeting did not offer much for the markets which is expected to keep the currency pair subdued...
CRUDE OIL: The commodity looks to resume its upside pressure. On the downside, support resides at the 63.50 level where a break will expose the 63.00 level. A cut through here will set the stage for a run at the 62.50 level. Further down, support resides at the 62.00 level...
Following President Zumas’ reelection in 2014, his recent rejection by the ruling party African National Congress (ANC) and his 783 related charges upheld by the South African Supreme Court of Appeal, investors have become optimistic, thus reinforcing the South African Rand (ZAR) and equity marke...
We remain optimistic on China, with an above-consensus GDP forecast. This is based on global economics and China’s ability to harvest demand. Domestically, China is unbalanced but on a global basis it is diversified (its New Silk Road strategy is on mark...
A midterm-spread in US-Bunds and US-Europe yields suggests a correction in EUR/USD is likely. This, after the minutes of the last European Central Bank monetary policy meeting triggered an extension of EUR/USD rally to current 1.22 highs...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, January 23rd The EUR/USD pair followed broad market trend, having eased the most part of its yesterday’s gains during Asia...
