NZD/USD Technical Strategy: Flat Support: 0.8733, 0.8669, 0.8618 Resistance:0.8779-93, 0.8835-42, 0.8886 The New Zealand Dollar broke downward against its US counterpart, dropping to the lowest level in a week. Sellers are aiming to test support at 0.8733, the 23...
EURUSD has turned sharply to at the start of July, a move that can be considered as an impulse. Pair also took out the trendline connected from the lows which is a bearish signature for this pair if we consider that this line turned into a resistance...
The NZD/USD pair broke above the 0.88 level during the previous week, suggesting that a break out was in the process of happening. If we can break above the top of the range for the week, we believe that this market will continue to head towards the 0.90 level...
USD/CAD pair bounced hard off of a trend line during the week, especially perpetuated by the move on Friday. The Friday move of course was brought on by an extremely horrible Canadian employment announcement...
The USD/JPY pair fell during the bulk of the week, testing the 101 level yet again. This level has been supportive for quite some time though, essentially the entirety of the year 2014. With that being the case, the market could bounce from here and that’s essentially what we expect...
The silver markets initially fell during the week, but found the $21.40 level to be supportive enough to turn things back around and form a hammer. We believe that the market will ultimately break above the $22 level, and if we get above there we go all the way to the $25 handle...
Analysis for July 15th, 2014 EUR USD, “Euro vs US Dollar” Probably, Euro finished ascending zigzag (D) of [B] in the form of ending diagonal triangle. In this case, price is expected to continue forming final descending zigzag (E) of [B]. Possibly, price is forming final descending zigzag (E...
Analysis for July 15th, 2014 DJIA Index Index continues growing up inside the fifth wave. Earlier price formed skewed triangle pattern inside the fourth wave. Most likely, after completing local correction, instrument will continue growing up towards new highs...
Jaime Caruana, Chief of the Bank of International Settlements (BIS), the international finance watchdog, warns that debt mountain puts global economy into worse state than before 2008 crash...
The multiyear-ascent of Chinese corporations supports and reinforces China’s continued rise in the global economy, and has helped the country gain clout among world leaders like Angela Merkel and Vladimir Putin, who visited China recently...
The EUR/USD pair tried to rally during the course of the week, but as you can see gave back quite a bit of the gains in order to form a shooting star. Nonetheless, the market seems to be stuck between the 1.35 level as support, and the 1.37 level as resistance...
This week, the USD was generally weaker, especially after the FOMC meeting minutes were released. Interestingly though, the minutes focused on ending QE, which carries a hawkish tone. At the end of the week, we are seeing USD take back some of those losses...
Some officials at the European Central Bank discussed the risks linked to the increasing popularity of complex computer programs that investors and others use to trade currencies, at an industry meeting held earlier this week...
If gold and gold miners were celebrities it would be time for them to look for a new PR team. Despite outperforming stocks in 2014 the group still carries the taint of the bubble that burst in 2012...
The ruble grew by the fastest pace in two weeks after exporters rushed to benefit from the dollar’s three-day advance against the ruble to convert revenue earned from offshore operations. The ruble grew 0.6 percent to trade at 34.2345 per dollar as of 6 p.m. close in Moscow...
Although China's economic growth has risen in the second quarter from the previous three months, further careful government support measures will still be needed. Business collaboration with Europe and tactful government measures contributed to prosperity of the world's second largest economy...
With Alcoa set to provide the unofficial kickoff to second-quarter earnings season Tuesday afternoon, Corporate America is aiming to clear another low bar...
Emerging markets have recovered this year, however, investors should be careful to avoid a boom turning into a failure in the second half...
