All Blogs
EURUSD threatens further bearishness as we look for more decline in the new week. Support comes in at the 1.1100 where a violation will turn risk to the 1.1050 level. A break below here will target the 1.1000 level. Further down, support sits at the 1.0950...
The ECB succeeded, but has been less successful in achieving its inflation target. Despite negative interest rates and EUR 2.6trn of quantitative easing, Eurozone core inflation is just 1.1% and is expected to remain low for some time to come...
Economic growth has been anemic in Brazil over the last decade, averaging just 1.2% a year. The pension reform’s approval is necessary for the country to achieve higher levels of growth. But it cannot do so single-handedly...
He will also pave the way for Christine Lagarde toward a potential sovereign quantitative program, if it becomes necessary. Lagarde will, in all likelihood, be appointed ECB president by October and hold her first ECB press conference on 12 December...
A lot of talks over the past several months have been around the US-China trade tensions as well as the US's ban on technology sales to Huawei. But while the development of trade negotiations is the one that has occupied the headlines, China is not deterred in its 5G rollout...
Hello! I want to introduce FREE Forex Webinar to share with y’all. If you are trading Forex...
A quick recap of yesterday's roller-coaster ECB rate decision and press conference. After a bit of back and forth, Euro and European yields rallied as ECB announced to hold policy steady and press conference. The key take-away raised doubt over prospect of further easing in September...
Let's read our waves with Speed Index: We have been downtrending for a while. 1. We have reached Monthly / Weekly 61.8 Fib 2. First Push up with a High Speed Index of 25.3 3. False Brake on the Fib Area and then a huge move up - Is that strength or weakness ? The answer is "Don't know yet...
Pivot (invalidation): 56.50 Our preference Short positions below 56.50 with targets at 55.80 & 55.35 in extension. Alternative scenario Above 56.50 look for further upside with 56.80 & 57.30 as targets...
Pivot (invalidation): 16.5200 Our preference Short positions below 16.5200 with targets at 16.3100 & 16.2000 in extension. Alternative scenario Above 16.5200 look for further upside with 16.6200 & 16.7400 as targets...
Pivot (invalidation): 1419.50 Our preference Short positions below 1419.50 with targets at 1411.00 & 1406.00 in extension. Alternative scenario Above 1419.50 look for further upside with 1423.00 & 1427.00 as targets...
Pivot (invalidation): 3009.25 Our preference Short positions below 3009.25 with targets at 2997.00 & 2987.00 in extension. Alternative scenario Above 3009.25 look for further upside with 3019.50 & 3037.00 as targets...
Pivot (invalidation): 12470.00 Our preference Short positions below 12470.00 with targets at 12300.00 & 12220.00 in extension. Alternative scenario Above 12470.00 look for further upside with 12530.00 & 12600.00 as targets...
Pivot (invalidation): 5.6770 Our preference Long positions above 5.6770 with targets at 5.7190 & 5.7400 in extension. Alternative scenario Below 5.6770 look for further downside with 5.6600 & 5.6390 as targets...
Pivot (invalidation): 0.6960 Our preference Short positions below 0.6960 with targets at 0.6940 & 0.6920 in extension. Alternative scenario Above 0.6960 look for further upside with 0.6975 & 0.6990 as targets...
Pivot (invalidation): 1.3135 Our preference Long positions above 1.3135 with targets at 1.3185 & 1.3210 in extension. Alternative scenario Below 1.3135 look for further downside with 1.3110 & 1.3095 as targets...
Pivot (invalidation): 0.9890 Our preference Long positions above 0.9890 with targets at 0.9915 & 0.9930 in extension. Alternative scenario Below 0.9890 look for further downside with 0.9870 & 0.9850 as targets...
Pivot (invalidation): 108.45 Our preference Long positions above 108.45 with targets at 108.75 & 109.00 in extension. Alternative scenario Below 108.45 look for further downside with 108.25 & 108.00 as targets...
Pivot (invalidation): 1.2470 Our preference Short positions below 1.2470 with targets at 1.2435 & 1.2415 in extension. Alternative scenario Above 1.2470 look for further upside with 1.2500 & 1.2520 as targets...
