EURUSD turned up from around 1.2850 recently where we called end of a five wave decline in wave 3, so current rally should be corrective. We know that corrections are slow and choppy which is clearly the case from the lows and back to former wave four...
Lots of action so far and now markets are at a standstill. Not a complete standstill, but not much movement is going on between major announcements. However, based on the current price action set up, it looks like EURUSD is preparing for another round of selling...
The Organization for Economic Cooperation and Development (OECD) has cut its economic growth forecasts for large developed economies, including U.S...
D1 price is on primary bullish for trying to break 1.1097 resistance for the bullish to be continuing. H4 price is on falt within primary bullish ranging with the channel between 1.1098 resistance and 1.1030 support level. W1 price is on primary bullish for trying to break 1...
Technical Analysis for Dollar Index The Fed is set Wednesday to Taper its QE3 further and release updated economic and interest rate forecasts...
EURJPY broke out above a descending trend-line. Although this trend-line was only tested once, it was expected to be quite strong especially seeing the sharp fall afterwards. Only, now that price has broken out of this trend line, we are looking for the next available trade...
I opened a short trade on the USDHF pair about an hour before the markets closed. Not the greatest idea to do so. Taking a look at today's commitments of traders (COT) report revealed a massive short position held by non-commercial traders...
One common misperception with forex trading is that traders are able to predict trends. In other words, they use technical analysis to determine when the market is going to move in a particular direction...
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The WSJ: A handful of giant commodity traders such as Trafigura Beheer BV, Glencore and Vitol Group are increasingly taking a central role in global commodity markets. Those companies do not just bet on prices or arrange shipments...
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Despite Glenn Steven's (Governor, RBA) best attempts at jawboning, the Aussie dollar has remained stubbornly high. A close look at the stats shows that all is not rosey with the Aussie economy, yet it continued to hold. With the "impending" recovery of the US economy, how long can it last...
With miners battling iron ore prices at five-year lows, up to 235 million tonnes of iron ore capacity is expected be taken out of the market in the next 18 months. Thus, it's "the end of the Iron Age", according to Goldman Sachs...
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EURJPY is undergoing heavy buying right now. For those that have not been buying into this trade, I do not recommend it as it is too late to do so. The reward to risk ratio has been lowered significantly. Two resistance levels have been marked. The higher resistance can be considered tested once...
Bitcoin / Dollar (BITSTAMP:BTCUSD) 462.42 HIDDEN DIVERGENCE - Chart Analysis: bitcoin didn't manage to reach this low again althrough.... click on for more bitcoin charts...