All Blogs
On Thursday, stocks in China traded lower, as market participants noted the pickup in Chinese imports, amid still sluggish exports. The Shanghai Composite descended 0.12% after the data as well as heading into the midday break. Additionally, the Nikkei 225 sank 0...
On Thursday, the Japanese yen and Aussie soared in Asia, as China trade figures came in better than seen, thus aiding market sentiment after regional trade figures as well as Japan GDP performed above expectations. The currency pair USD/JPY traded at 101.69, slumping 0...
After Australian Q2 GDP release had been published, it became clear that expectations of economists were almost fully justified: the 0.5% quarterly expansion was slightly off the 0.6% pace predicted, on top of this, the year-over-year expansion was at the 4-year high of 3.3...
There’s a possible ending of wave [x] in a form of a zigzag. So, it’s likely that bears are going to deliver wave [y] of D soon. However, a confirmation is required, so we should wait until the price finds a lodgement under 5/8 Murrey Math Level (P=200...
Morgan Stanley: Bullish view on the euro. So far the euro zone’s economy hasn’t been hit too hard by Brexit. ECB will ease policy in December. Barclays: The ECB will adopt a wait and see approach. The outlook for EUR/USD is neutral...
There’s a bearish “Harami” at the local high, but its confirmation isn’t enough. So, the market is likely going to test the nearest “Window” once again. If we see a pullback from it, there’ll be an opportunity to have another decline...
AUD/CAD rising inside minor impulse wave Next buy target - 1.0000 AUD/CAD continues to rise inside the minor impulse wave (iii) – which started earlier – when the pair reversed up from the support zone lying between the support level 0...
GBP/AUD reversed from resistance zone Next sell target - 1.7000 GBP/AUD recently reversed down from the resistance zone lying between the pivotal resistance level 1.7650 (which has been reversing the price from July), upper daily Bollinger Band and the 61...
We’ve got a “V-Top” pattern, so the price reached a support at 1.3302. Therefore, the market is likely going to achieve the next support at 1.3277 – 1.3247 in the short term...
The market is consolidating under the closest resistance at 1.1270. Therefore, bears are likely going to reach a support at 1.1220 in the short term. If we see a pullback from this line, there’ll be a chance to have another bullish movement towards the next resistance at 1.1282 – 1.1324...
TRADING RECOMMENDATIONS The American Petroleum Institute (API) on Wednesday reported a sharp fall in US oil inventories, to 12.08 million barrels, which allowed the price of oil added almost $ 1.3. The November Brent crude on London's ICE Futures exchange gained 1.3% in value to 48...
On Thursday, Honda Motor Co officially announced that it was recalling up to 668,000 cars in Japan for the purpose of replacing air bag inflators supplied by Takata Corp. The given measure appears to be a part of an expanded nationwide recall announced earlier this year...
The South Korean economy is currently facing downside risks. It’s because the American Federal Reserve is all geared up towards raising interest rates, while Korea is busy with overhauling its shipping as well as shipbuilding industries, as the finance ministry reported on Thursday...
Before April 9, 2001, when the Securities and Exchange Commission ordered all U.S. stock markets to switch to the decimal system, prices were reported and stocks were denominated in fractions - in one-sixteenths (1/16), to be exact...
Buy Stop at 1.3359 Range TP at 1.3369 - 1.3409 SL at 1.3334 Sell Stop at 1.3331 Range TP at 1.3321 - 1.3281...
BUY STOP AT 1.1258 RANGE TP 1.1268-11308 SL 1.1233 SELL STOP AT 1.1239 RANGE TP 1.1229-1.1189...
EURUSD Daily Forecast: September 08 2016 EURUSD Forecast The EURUSD was indecisive yesterday. The bias remains bullish in nearest term testing 1.1350 which is a good place to sell with a tight stop loss. Immediate support is seen around 1.1225/00...
GBPUSD Daily Forecast: September 08 2016 GBPUSD Forecast The GBPUSD failed to continue its bullish momentum yesterday bottomed at 1.3319. The bias is neutral in nearest term probably with a little bearish bias testing 1.3250 support area. Immediate resistance is seen around 1.3375...
USDJPY Daily Forecast: September 08 2016 USDJPY Forecast The USDJPY attempted to push lower yesterday bottomed at 101.20 but closed higher at 101.72. The bias remains bearish in nearest term testing 100.70 area as a part of the false break (above 104.00) bearish scenario...
