Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, August 20th USD/CHF suffered considerable losses amid FOMC minutes not giving any clear indications on the rate hike timing...
EUR/CAD: bullish breakout. We expect this pair to be veresed to the bullish trend by breaking the last border of Ichimoku cloud to come to the bullish area of the chart. Yes, it may be good breakout. Key 'reversal' resistance level is 1.4641...
Yesterday's minutes of Fed's meeting disappointed #investors, but the #market has no time for reflection. Today the #USA is to publish a lot of important statistics. Some interesting data will be also released in Canada and the UK. Find out more by checking out the Source Link...
GOLD: The commodity rallied strongly on Wednesday leaving risk of further upside on the cards. This price development leaves bulls on the offensive towards the 1,147.00/1,150.00 area. Support comes in at the 1,126.00 level where a break will aim at the 1,110.00 level...
I really love inter-market Analysis as it gives me a better view for the big picture. This blog is about the correlation between Financial Sector and Currency Market. It is about a market phenomenon known as "January Effect". The first chart we have here is a monthly chart for the Dollar Index...
USDCAD: With the pair turning higher on price reversal during Wednesday trading session, risk of further move towards the 1.3212 level is developing. Resistance resides at the 1.3212 level followed by the 1.3250 level. Further out, the 1...
Since there were indications of price going down to 1.093, closed the BUY order on profit. Will have to wait and see the extent to which the price retraces down, to decide on the next action. If the eurusd price go lower than 1...
The gold price seems to have completed a double top at important fibo levels in multiple time frames. Moreover, a price retracement to 1101 or 1097 is due for quite some time now...
Now that the price has crossed last week's high, expect the gold price to continue going up. Strangely, the stop loss i entered, seems to have not been registered and the total loss was $300 instead of $200. The balance is at $600 and the equity is around $1400...
Current trend Yesterday, the British currency grew supported by the publication of favorable UK macroeconomic statistics. Later, when US data was released, US currency managed to gain back some of its losses, however, in general, a strong “bullish” potential in the pair remained...
We are holding our positions in #GOLD, #USDJPY, #EURUSD and #GPBUSD. The #market is rather high volatile before the Fed minutes publication, which may determine directions for many #Forex instruments. Discover more at Find out more by checking out the Source Link...
EURJPY: The cross remains weak and vulnerable to the downside with eyes on its support located at the 136.50 level. On the downside, support comes in at the 136.50 level where a break will aim at the 136.00 level. A turn below here will target the 135...
The crude #oil remains at the lowest level since 2009. #Quotes continue to take a lead from the situation in #China, where #stocks continue to sink down. Also #investors are looking forward to see the #US crude oil inventories data tonight. Find out more by checking out the Source Link...
The level 2 set up of MAs, fibo, ZZ and chart pattern indicate the possibility of a spike between 1126 and 1101. Hence the closed the BUY order entered in the morning with a profit and entered a SELL order of 0.4 lot size to protect the profit...
Gold prices rises before release of the minutes from the July Federal Open Market Committee meeting (trades now near $1,122). Analyst Frank Holmes said he expects gold to be stuck in the $1,000 to $1,350 range for the next six months. What will come out of this week’s Fed minutes...
The #market is volatile today as #investors are waiting for Fed minutes #release. #GPBUSD has significantly risen after the #inflation data but #bulls are cautious ahead of such important publication. #EURUSD is also waiting for the miracle...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, August 19th Japanese yen fell slightly after the country’s Adjusted Balance figure came out in red colour at -0.37T against -0.16T expected...
H4 price is located to be inside Ichimoku cloud for ranging market condition between Senkou Span lines on the border between the primary bearish and the primary bullish trend on H4 chart. The key support/resistance levels are the following: 1...
