Experts expect #oil to get another bearish signal after the #OPEC meeting on Dec. 4. #Investors cut long #trading positions ahead of the #event, where quota is will likely remain unchanged. Find out more by checking out the Source Link...
Goldman Sachs analysts considered that there will not be any big movement for the market in 2016, and they started the forecast from S&P 500 index predicted the weak market with a little growth. The price will be stuck to be around 2,100 level for the ranging market condition...
The Reserve Bank of Australia decided to leave the key interest rate at the record low of 2%, as expected. The Australian dollar regained some ground against the U.S. competitor amid mixed fundamental background. Find out more by checking out the Source Link...
Dovish tone from the Bank of England (BOE) is moving GBP to be down keeping selling pressure. Brexit debate could also support more bearish, and inflation rising is not enough to support for GBP...
There are two major meetings are coming in December: the Federal Reserve meeting and the European Central Bank meetings which will strongly affected on the direction of the currency movement...
GBPUSD: Having triggered a higher close on Monday, GBPUSD targets further bullish corrective recovery in the days ahead. Support lies at the 1.5000 level where a break will turn attention to the 1.4950 level. Further down, support lies at the 1.4900 level...
AUD has proven to be stable one during the last 3 months because of constructive outlook from the Reserve Bank of Australia and expected easing. Chinese data respond to fiscal/monetary policy so we should expect AUD to continue outperformance against NZD, USD and CAD...
Trading recommendations Sell by-market. Stop-Loss 14.35. Take-Profit 14.00 13.80, 13.50 Alternative long positions will become relevant after the price fixing above the level of 14.60 with the objectives 15.30, 15.50...
EURJPY: With EURJPY bulls on the offensive, further price strength should build up towards the 130.75/99 zone. This corrective recovery is coming on the back of its recent weakness. Support comes in at the 129.50 level where a break will aim at the 129.00 level...
Trading recommendations and Technical Analysis – HERE! December 9 will host the next meeting of the RBNZ, which will be addressed, including the question on rates...
Investors are expecting for more aggressive ECB easing during the European Central Bank metting, and the ECB will introduce two-tier system for deposit rate for expectations for the larger deposit rate cut than 10 basis points...
At the H1 chart, the price has formed the bearish impulse in the wave (i). In the nearest future, after finishing the wave (ii), the pair may start falling in the third wave. Later, the market may break the minimum of the wave [iii]...
The price is breaking descending/bear triangle pattern from above to below for 1.4983 as the next bearish target which will be broken by the price to below on the way of good bearish breakdown, as stated by Skandinaviska Enskilda Banken (SEB...
Dear Traders, This week will be one of the most important and decisive weeks for currency traders. Not only do we have the European Central Bank which is forecast to boost stimulus, but also the U.S. Payrolls data could be a guide for the Federal Reserve's monetary policy decision on their Dec...
The multi-month low of 1.5025 was updated in #GPBUSD and another important support level is not far. Despite the strong dollar, the British currency feels more or less comfortable in relation to other competitors. Find out more by checking out the Source Link...
#Gold reached the new low for the past 5,5 years, which is a very important factor. Despite the increase in geopolitical tensions, the yellow #metal is not receiving support. It is recommended to hold short positions in order to achieve the level of $ 1,000 per troy ounce...
This #trading week in #Forex is called the most important week of the year, as things that may happen in the coming days will have a long lasting impact on the #financial #markets. The historical #Fed meeting may cause a strong #dollar rally. Find out more by checking out the Source Link...
EURCHF WEEKLY: New bullish trend in closing bar. This could be an opportunity to enter long with TARGETS: 1,09235 - 1,09948 - 1,10660 GBPJPY WEEKLY: New Bearish trend in closing bar...
The price is on bearish breakdown crossed 1.0616 support level of descending triangle pattern for the bearish trend to be continuing with 1.0461 level as the nearest real bearish target...
Despite the generally weak undertone in EUR/USD, only a daily closing below 1.0580 would indicate the start of a fresh bearish phase, says UOB Group. "For now, we remain neutral but the downward pressure will continue to increase unless there is a move back 1.0640 in the next few day," UOB adds...
