Research Team at Danske Bank, notes that the G20 finance minister and central bank governors' meeting has started...
G20 FINANCE MINISTERS AND CENTRAL BANK GOVERNORS TO MEET IN SHANGHAI THIS WEEKEND The global economy is in a fragile state following a volatile start of the year that has reduced equity valuations and continues to pressure energy prices downward...
26 February 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 08:00 Spanish Flash CPI y/y EUR Med. -0.3% -0.5% Negative All Day G20 Meetings - High - - - 13:30 Preliminary GDP q/q USD High 0.7% 0...
Yesterday's risk rally seems to be still pushing for gains, brent oil has pushed to 35 USD area which if broken will lead to 40 USDs. As a result, CAD and oil linked currencies fare better than others...
Elliott wave analysis of EUR/NZD for February 26, 2016 26 Februari 2016 11:44 AM Wave summary: It is very disappointing to see this cross making a new corrective low. The breakout below the former low of 1.6338 has just made this correction even more complex and calls for a move closer to 1...
Elliott wave analysis of EUR/JPY for February 26, 2016 26 Februari 2016 11:35 AM Wave summary: A sharp rally from a low of 122.42 clearly confirms that wave a is over and wave b is unfolding now. The first wave b targets the level of 127.41, but we could move even closer to 130...
Daily analysis of USDX for February 26, 2016 26 Februari 2016 9:53 AM The USDX is finding dynamic support above the 200 SMA and trying to extend the rebound until the resistance level of 97.77. When the index achieves in breaking the support level of 97...
Daily analysis of GBP/USD for February 26, 2016 26 Februari 2016 9:52 AM The GBP/USD pair is trying to break the support level of 1.3963, but we have witnessed rejection from that level, and now the pair is doing a corrective move towards the level of 1.4069...
Technical analysis of EUR/USD for February 26, 2016 26 Februari 2016 9:44 AM When the European market opens, economic news on the Italian 10-y Bond Auction, Spanish Flash CPI y/y, French Consumer Spending m/m, and German Prelim CPI m/m is due to be released...
Technical analysis of USD/JPY for February 26, 2016 26 Februari 2016 9:43 AM In Asia, Japan will release data on the BOJ Core CPI y/y, National Core CPI y/y, and Tokyo Core CPI y/y...
EURUSD Daily Forecast: February 26 2016 26 Februari 2016 12:15 AM EURUSD Forecast The EURUSD had another indecisive movement yesterday. The bias is neutral in nearest term...
GBPUSD Daily Forecast: February 26 2016 26 Februari 2016 12:12 AM GBPUSD Forecast The GBPUSD was corrected higher yesterday topped at 1.3996. The bias is neutral in nearest term. Immediate support is seen around 1.3920...
USDJPY Daily Forecast: February 26 2016 26 Februari 2016 12:09 AM USDJPY Forecast The USDJPY had a bullish momentum yesterday and hit 113.16 earlier today. The double bottom and Doji/Pin bar formation I showed you yesterday gave us a valid bullish signal...
USDCHF Daily Forecast: February 26 2016 26 Februari 2016 12:06 AM USDCHF Forecast The USDCHF had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 0.9820/00 region. Immediate resistance remains around 0.9950...
US DOLLAR Technical Analysis: Is The Dollar Dominance Fading? Talking Points: US Dollar Technical Strategy: US DOLLAR May Retest 11,850 Probability of Fed Hike Is Vanishing Alongside US Dollar Bulls Recent Fed Commentary on Uncertainty Pushes Down Treasury Yield & US Dollar...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: No change. Nearby resistance in the 1.1050 area (200-dma) helps provide selling interest for a move lower...
I see many signal providers with high profits, advising their signal as the best one. The reality is often different from this. Many people are attracted by high profit chances that they do not think it could be just something not real...
...Many market participants are excited about the 10 March ECB meeting. They hope that a central bank that both understands the need to not appear impotent but also the risk of unintended consequences from misjudged policy will pull the perfect rabbit out of the hat...
EA can assist traders and here are the results to prove it. We closed five trades today: one profitable buy-trade at 20 pips and one profitable sell-trade at 20 pips. We had 3 losing trades at 5 pips each; hence our total net profit is 25pips (40-15). See screen capture below...
