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Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, shares that the core risk for GBP remains tomorrow’s BOE’s QIR report, with the pair expected to move higher as the market remains prepared for a downgrade to inflation outlook...
AUD/USD was on the back foot and fell to an 8-day low during the European session as investors await Australian employment figures to be released on Thursday. AUD/USD came under pressure after failing to consolidate above 0.7800 and fell to a low of 0.7711 before finding support...
The slide in crude prices pushed the Canadian dollar lower, taking the USD/CAD pair to the session high of 1.2645 levels. Loonie weakens as Crude extends losses Crude prices in the US fell to a low of USD YSD 49...
MetaTrader user of everyone, hello. My nickname is yumokin. In Japan, I have been the development of EA. This time, I've improved a "cyclone" EA as shown below. And how might it be in one of the portfolio? ◎Backtest(2010/4-2015/3...
As Greece has stepped onto a hard line with the European creditors, the country claims it has other friends, namely, Russia, China and the United States...
Crude prices in the US extended the decline ahead of the supply report in the US which is expected to show inventories rose by 3.8 million barrels last week. WTI Crude falls below USD 49.50/barrel Prices hit a fresh session low of USD 49.13/barrel ahead of the weekly supply report in the US...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD. EUR/USD: The market should be very news-driven today with the focus on the emergency Eurogroup meeting on Greece. Stay flexible and trade according to the meeting outcome...
"We cannot go back to the era of bailouts," said Prime Minister Alexis Tsipras, as MPs debated and approved a government programme that sets this country on a potential collision course with the rest of the eurozone. "That would mean the end of popular sovereignty...
WEEKLY DIGEST 2015, January 24 - 31 for Scalping Trading: Top Technical Indicators For Scalping and Breakouts/Breakdowns Mechanics MQL5 blogs "Scalpers seek to profit from small market movements, taking advantage of a ticker tape that never stands still during the market day...
Long in 7414, whereas in this situation, you should look for longs in the 7320 – 7350 area marked by the rectangle. This is because that’s the price level where there was previous strength (green signal with very high volume earlier), so we want to wait for prices to test that area...
On Wednesday the euro plunged to seven-year lows against its UK counterpart, amid mounting concerns over whether Greece will reach a compromise deal with creditors to extend its bailout program. The euro held steady against the U.S. dollar...
The euro edged lower against the U.S. dollar on Wednesday after touching the technical resistances between 1.1330 and 1.1345 again, as trading became subject to news and statements between Greek officials on one hand, and European officials on the other...
On Wednesday PwC issued a report detailing the difficulties facing the UK's oil and gas industry. The company argues that because of the recent drop in oil prices many British oil and gas firms will need to transform the way they operate...
The EUR continues to trade relatively stable, notwithstanding the continued uncertainty pertaining to Greece where this sort of stability owes in part to resurgent strength in equity market inflows, notes BNP Paribas...
The greenback is giving away part of the initial gains vs. its neighbour on Wednesday, now sending USD/CAD to the 1.2625/20 band...
The ratings agency Moody's said cheap oil will not boost the global economic growth, as it would be offset by the eurozone's economic woes as well as slowdowns in China, Japan and Russia. Thus, the agency would not be revising its growth forecasts for the G20 countries...
The greenback is mostly advancing vs. its main competitors on Wednesday, with the exception of the British pound. In the meantime, markets’ focus remains on the extraordinary Eurogroup meeting due later in the European evening...
The TD Securities Team shares the performance of the markets during the mid-European session, noting that DM FX trades mixed as markets eye the Eurogroup meeting. Key Quotes “With no major data releases in the US or the Eurozone, today the focus of the markets is on political developments...
As Greece's debt crisis is flourishing, the future of the euro zone is blurred and Ukranian conflict is escalating, analysts are worried that the global economy is now approaching another deep crisis. In a crisis, you parked your cash in the Swiss franc, or in U.S. Treasury bonds, or in gold...
Gregor Horvat of EW-Forecast, uses Elliott Wave Analysis to predict that AUD/USD could make a move higher before resuming a move lower. Key Quotes “We are wondering if maybe commodity currencies have turned into a larger correction against the USD...
