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The plunge in oil prices continued on Monday, in line with the selloff in wider financial markets, as market players were taken aback by the rout in Chinese equity markets and fears about global economic growth...
Current trend Last week, the GBP strengthened against the USD, reaching new local highs since the beginning of July. The "bullish" dynamics was triggered by the instability of the US dollar amid the publication of various macroeconomic and news releases...
UBS Global Chief Investment Officer Mark Haefele said in a note that investors should brace for further volatility in the equity markets...
Morgan Stanley is considering the this is a good time to be with EUR forecasting bullish for the next few weeks: "We believe EUR is likely to outperform over the next few weeks. The risk-off environment is likely to drive repatriation flows, which should be EUR supportive...
The week has a light start, while later on it looks more saturated. Germany and the United Kingdom are expected to publish their GDPs for the second quarter...
Monday Asia trade saw the yen rising against its rivals, as concerns about the Chinese growth prompted investors to seek shelter...
Daily price was reversed to the bullish market condition by breaking Ichimoku cloud from below to above. The price broke 1.1409 resistance level on the way to 1.1466 bullish target...
In the forex community, everybody knows about copy trades. So, I am not giving any explanation about copy trades. If you like to know about how to do copy trades, you can visit this link to read the details. https://www.mql5...
THIS IS NOT A TYPO ERROR! I had hinted about this in my previous post https://www.mql5.com/en/blogs/post/647254. Since the eurusd price did not retrace to lower price levels on Friday, it is highly possible that the price level of 1168 or the current price level of 1...
THIS IS NOT A TYPO ERROR! I had hinted about this in my previous post https://www.mql5.com/en/blogs/post/647237. Since the gold price did not retrace to levels of 1118 or 1101 on Friday, it is highly possible that the price level of 1168 could a potential HIGH to SELL...
CRUDE OIL: The commodity weakened further the past week leaving risk of more decline on the cards. Resistance is located at the 41.00 level where a break will expose the 42.00 level. A break below here will aim at the 43.00 level and then the 44.00 level...
GOLD: The commodity’s outlook continues to point higher leaving risk of more gains in the new week. However, we may see GOLD pulling back to correct some of its recent gain. On the upside, resistance resides at the 1,170.00 level where a break will aim at the 1,190.000 followed by the 1,200...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend. Besides this analysis and the corresponding chart I also provide the Forex ranking and rating list...
Here’s the market outlook for this week: EURUSD Dominant bias: Bullish From the support line at 1.1050, this pair went up by 330 pips - going above the support line at 1.1350. EUR is now one of the strongest of the majors (as is CHF), and this has reflected on most EUR pairs...
Harborly (American Bitcoin Exchange) announced to shutdown the services: "When we first launched Harborly just over a year ago, we had the vision of giving our users the simplest, quickest, and safest way to buy and sell bitcoin globally using their local currency," the company told in announceme...
The above chart was taken from the LinkedIn page of Call Levels, an app-based market price alerting tool. It shows the the prices that users created alerts for between 14 and 21 August 2015, for EURUSD. Call Levels is available at: Google Play - https://play.google.com/store/apps/details?id=com...
Besides the Ranking and Rating list provided here I will also prepare this weekend the Weekly Currency Score list which will support my analysis for trading in the coming week...
EURUSD: With EUR seeing a strong rally the past week, we envisage more strength in the new. However, note that a consolidation with a pullback may occur. Support lies at the 1.1300 level where a violation will aim at the 1.1000 level. A break of here will aim at the 1...
