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CRUDE OIL TECHNICAL ANALYSIS Crude oil prices continue to consolidate after reversing downward following a test resistance above the $51/bbl figure (as expected). From here, a daily close below the 23.6%Fibonacci retracement at 48.90 exposes the 38.2% level at 47.04...
Gold Prices Mark Time as US GDP Data Looms Ahead Talking Points: Gold prices stall as markets look to US GDP for Fed path guidance Crude oil prices edge higher as Brazil joins output cut negotiations Sideline comments from OPEC meeting may prove market-moving...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, October 28th EUR/USD Current price: 1.0910 (0.1%) Session range: Open 1.0896 High 1.0926 Low 1.0893...
The USD rally continues as data validates a December rate hike The first of three releases of U.S. third quarter gross domestic product (GDP) data will be published on Friday, October 28 at 8:30 am EDT. The advanced GDP is reported 30 days after the end of the quarter...
Amazon Misses Earnings, Google Beats and Risk Trends on Alert Talking Points Amazon missed earnings estimates today, EPS was reported $52 cents per share versus $78 expected Google beat it’s earnings estimates today, EPS was reported $9.06 per share versus $8...
The big story in the foreign exchange market today was USD/JPY and its break above 105. For the past 5 trading days USD/JPY had been quietly trickling higher and today right around the London close it took out this key psychological barrier...
Trading successfully (at size) for any meaningful period of time is almost impossible without a clearly defined structure in place. More specifically: a structure that can be improved upon dynamically...
USDJPY: With the pair following through higher the on Thursday, further upside pressure is likely. On the downside, support comes in at the 105.00 level where a break if seen will aim at the 104.50 level. A cut through here will turn focus to the 104.00 level and possibly lower towards the 103...
Pivot Points Hours Last Updated: Oct 28, 1:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.08808 1.08885 1.08924 1.08962 1.09001 1.09039 1.09116 USD/JPY 105.067 105.151 105.189 105.235 105.273 105.319 105.403 GBP/USD 1.21437 1.21532 1.21585 1.21627 1.2168 1.21722 1.21817 USD/CHF 0.9914 0...
Pivot Points Daily Last Updated: Oct 28, 1:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.07852 1.0845 1.08686 1.09048 1.09284 1.09646 1.10244 USD/JPY 102.856 103.91 104.59 104.964 105.644 106.018 107.072 GBP/USD 1.19461 1.20693 1.21141 1.21925 1.22373 1.23157 1.24389 USD/CHF 0.98528 0.98922 0...
EUR/USD Bear-Flag Formation Takes Shape as ECB Mulls QE Extension Talking Points: - EUR/USD Bear-Flag Formation Takes Shape as ECB Mulls QE Extension/Adjustment. - USD/JPY Topside Hurdles in Focus as RSI Approaches Overbought Territory. EUR/USD Daily...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, October 27th GBP/USD Current price: 1.2208 (-0.3%) Session range: Open 1.2246 High 1.2250 Low 1.2200...
M5 setup with Currency Strength and Currency Impulse (If you read first time about Impulse please check tradingsystem here and here) Using entry signal m5 currency Impulse...
Some days most forex pairs are just going in one particular direction and it makes no sense to go against the herd...
Year to date the Dow Jones Industrial Average gained 4.56%, while Mr. Buffet company Berkshire Hathaway gained 9.45% in the same amount of time. This mean that every dollar invested with Mr. Buffet can make me or you twice better than average. Do you agree...
Over the past 24 hours many of our clients have asked if the U.S. dollar has peaked and now prime for a major reversal. This question is largely sparked by the 2-day decline in the Dollar Index and the fact that it is aiming for 98.00...
GOLD: Having rejected upside pressure to close lower on Wednesday, further weakness is envisaged. On the downside, support comes in at the 1,260.00 level where a break will turn attention to the 1,250.00 level. Further down, a cut through here will open the door for a move lower towards the 1,240...
Pivot Points Daily Last Updated: Oct 27, 1:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.07639 1.08362 1.08715 1.09085 1.09438 1.09808 1.10531 USD/JPY 103.162 103.762 104.114 104.362 104.714 104.962 105.562 GBP/USD 1.20308 1.21235 1.2184 1.22162 1.22767 1.23089 1.24016 USD/CHF 0.98195 0...
Pivot Points Hourly Last Updated: Oct 27, 1:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.08907 1.0898 1.09017 1.09053 1.0909 1.09126 1.09199 USD/JPY 104.326 104.402 104.433 104.478 104.509 104.554 104.63 GBP/USD 1.22163 1.22275 1.22317 1.22387 1.22429 1.22499 1.22611 USD/CHF 0.99151 0...
