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GBP/USD According to most forecasts, today the Bank of England's Monetary Policy Committee (MPC) will lower the inflation forecast for this year and will vote in favor of maintaining rates at the current level. Most likely, MPC will not raise rates this year due to low rates of economic growth...
Forex today in Asia was mainly driven by risk-off trades, with the Asian indices tracking their Wall Street counterparts lower, while worse-than expected Australia’s trade figures combined with downbeat China’s services PMI report curb appetite for risk assets further...
MARKET UPDATES *Gold prices may shrug off the service-sector ISM survey and another round of commentary from Fed officials, waiting for Friday’s payrolls data for direction. *NZ Dollar fell with local bond yields, hinting at ebbing RBNZ rate hike outlook...
Dear readers, at the end of New York market session, I analyze volatility (ATR) and trend (SMA) indicators on the majors forex pairs, searching for the most profitable conditions to place a trade...
USDCAD has (finally) broken the wedge on the weekly time frame, so we can see some sort of momentum. Price has formed a bearish AB leg on the daily time frame, and there is CSI supporting trend reversal. I am now looking for price to retrace to the supply zone around the 61.8% Fibonacci level...
NZDCAD has formed a new bearish AB leg on the 4HR time frame. There is CSI confirming trend reversal and I will be looking for price to retrace to the supply zone around the 61.8% Fibonacci area where we can see a supply zone...
EURJPY is currently capped to the downside by a negative trend line. Price has currently retraced into a supply zone around the 50% Fibonacci area. Should there be candle stick information confirming a change in price direction I will sell: Entry: Market (On confirmation) Stop Loss: 150.000...
Here’s the market outlook for this month: Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bullish Price went up in July (recovering some of the losses sustained in June) to reach a high of 1270...
The EUR/USD pair held on to its nominal gains above the 1.1800 handle and had a muted reaction to the release of ADP report. The pair moved little after ADP report showed that private sector employers added 178K new jobs during the month of July...
USDCHF: With the pair seeing price follow through on the back of its Tuesday recover, more strength is likely in the days ahead. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level...
Today we get US labor ADP data ahead of the NFP report on Friday. Bloomberg Survey indicates new jobs creation for July of 190k compared to the prior June read of 158k. The overall sentiment is positive and it has been 7 years that the data print positive...
The New Zealand extended losses on Wednesday amid the release of disappointing data from the job market. After grinding lower yesterday, NZD/USD fell another 0.55% to 0.7425, its lowest level of the past five days. Despite the fact that the second-quarter unemployment rate matched estimate of 4...
According to the data published yesterday, the Eurozone's GDP in the second quarter increased by 0.6% (+ 2.1% in annual terms against + 1.9% in the previous quarter). Quarterly growth rates have become the highest since March 2015...
Developing EAs can be a lot of fun. You can watch this 50 minute video by Alex du Plooy. In this video his scalping ea turns $5K into $1 million in a few hours. Sounds incredibly impressive? Yes it is. You should watch this 50 minute video...
If you type "Bitcoin" in any search engine, the first thing you will see, almost certain, is "Split". I already explained in a previous post about this matter, but now I want to take the opportunity to discuss the effects of the so called "hard fork...
Dear readers, at the end of New York market session, I analyze volatility (ATR) and trend (SMA) indicators on the majors forex pairs, searching for the most profitable conditions to place a trade...
Hey everybody! I've desided to watch a motivational video everyday to help me boost productuvity and get rid of procrastination. So here is todays video...
GBPUSD: The pair continuing to retain its upside threats on correction, more strength is envisaged. Support lies at the 1.3150 level where a break will turn attention to the 1.3100 level. Further down, support lies at the 1.3050 level. Below here will set the stage for more weakness towards the 1...
