GBP/USD Forecast Aug. 17-21 GBP/USD rebounded last week, posting gains of close to 100 points. The pair closed the week just shy of 1.5597. This week’s highlights are CPI and Retail Sales. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD...
GBPUSD: Having GBP reversed its Friday gains during Monday trading session, the risk is more weakness to occur. While holding below its cluster of resistance at the 1.5689/77 zone, further decline is likely towards the 1.5550 level where a break if seen will aim at the 1.5500 level...
Outer lowflationary powers keep on keeping UK expansion fundamentally frail, while locally created swelling seems to have been building up as of late, yet is still excessively feeble, making it impossible to counterbalance the impact of modest vitality and imports...
Paid the price of not waiting for the candle to close. Should have waited for the H4 candle to close before deciding on the trade. The gold price doing a double top at fibo level of 50...
It is time to make money Everybody wants to make money and the more, the better. People become traders in the hope of easy pickings and, as a result, it appears that it is hard work, requiring iron discipline and dedication for regular and stable income...
The #market is calm today and the #volatility is low, because there are no important statistics or ambitious #news. But #traders should not drop their guard in any case. Be in the picture with our #TechnicalAnalisys: #Gold, #USDJPY, #EURUSD, #GPBUSD. Find out more by checking out the Source Link...
Today we can see this special episode of the Keiser Report from Chicago. Max Keiser and Stacy Herbert discuss the ‘great manufacturing meltdown’ in the ‘great state of Chicago.’ As usually, in video they will talk about economy, financial problems and the latest news from media...
Since there are some indications of the eurusd price going to 1.09 before going up and the BUY order could turn negative, closed the BUY orders on a profit. If there are positive indications for a BUY from 1.09, then will enter a BUY order in eurusd. Expect the price to reach 1...
#Oil is at 6-1/2 year low amid slowdown of the major Asian economies: Japan and China. The #US statistics also does not give the black gold any reasons to rise. Should we expect a further decline? Find out more by checking out the Source Link...
It seems that the gold price is headed towards 1091.5 or 1097.5 as mentioned in some of my previous posts. Since, i did not want to lose the profit gained so far, entered a SELL order for 0.2 lot size. Will decide about keeping the BUY order after the downward price retracement...
BNP Paribas together with the other int'l financial groups are continuing to make some forecast and analysis concerning about the following: when USD will start to become more stronger this year...
USDJPY: Having capped its strength at the 1.2506 level to close marginally higher the past week, further corrective weakness is envisaged. On the upside, resistance resides at the 124.50 level with a turn above here aiming at the 125.00 level. A break will target the 125.50 level...
Current trend In the end of last week, the price of Brent crude oil resumed its fall amid the growing USD. Last week, the USD significantly declined due to the Yuan devaluation in China, which increased the concerns regarding an anticipated interest rate hike in the US in September...
We are waiting for the clearance of the next resistance level in #GPBUSD and in such a case the next target for the #price will be a multi-month high. A #fundamental picture in #USDCAD should encourage buyers to act. Find out more by checking out the Source Link...
Daily price is located in exact 'reversal' Senkou Span lines of Ichimoku indicator between the following s/r levels: 1.0807 support level located below Ichimoku cloud and far below Senkou Span lines on the bearish area of the chart, and 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, August 17th USD/JPY was weaker in Asia despite GDP data showing the economy growth contracted less than expected...
#Japanese GDP data for Q2 proved to be slightly better than expected, but it didn't bring any optimism to financial #markets. #Yen is declining, #Chinese #stocks dropped to fresh lows, #oil is at multi-years minimum...
#Monday is not too full of important statistics. #Switzerland will publish retail #sales data, and later some interesting indexes will be released in the #USA. Find out more by checking out the Source Link...
Expect the eurusd price to take support near Thursday's low and go back up towards 1.17. Hence, entered another BUY order with 0.01 lot size as it would not make a big difference to the margin level, even if it continues to go down. A price retracement to 1...
