USDCHF: Having closed almost flat the past week following its two-day weakness, risk of further decline cannot be ruled out. On the downside, support comes in at the 0.9300 level. A turn below here will open the door for more weakness to occur towards the 0.9250 level and then the 0.9200 level...
W1 price is located near 200 period SMA and 100 period SMA with ranging between 23.6% Fibo resistance level at 0.9612 and 38.2% Fibo support level at 0.9214 trying to cross Triangle pattern together with 23.6% Fibo resistance level from below to above...
The U.S. could be poised for a third world war with China and one key to avoiding it could be found in currency accommodation, George Soros said in a recent speech to the Bretton Woods Committee in Washington D.C...
The Dollar Bolted Ahead Of The Release Of Economic Data. The majority of Asian currencies against the u.s. dollar, melingsir Thursday (2/7), triggered expectations of upcoming us economic reports such as the labor market in June might push the U.S...
Many traders have had challenges trading the JPY pairs. However the Japanese traders have had large amounts of success in trading their native currency. This is not just due to familiarity, but the approach and indicators they use to measure key levels for these pairs - the Ichimoku Cloud...
Deutsche Bank About Before And After The Greek Referendum - strong pressure on the Greek economy irrespective of this weekend's referendum: "A "yes" vote would be significantly more likely to lead to a quicker agreement with the creditors, but not without risks," DB argues...
Greece Public Opinion Polls Support The Lender Greece PM Alexis Tsipras and its international creditors each other survive while waiting for the implementation of the referendum Sunday (5/7) about the savings program is required of creditors when a public opinion polls tend to receive the savings...
Daily price is on bearish market condition with secondary ranging: the price is located inside Ichimoku cloud for ranging condition; Senkou Span A line which is the border between primary bullish and the primary bearish on the chart is located far above the price which makes the reversal of the p...
EURJPY- The cross continues to face downside pressure leaving risk of more weakness to occur. On the downside, support comes in at the 136.00 level where a break will aim at the 135.50 level. A turn below here will target the 135.00 level with a breach turning focus to the 134.50 level...
US DOLLAR TECHNICAL ANALYSIS - Prices advanced as expected after prices put in a bullish Morning Star candlestick pattern. Near-term resistance is at 11937, the 50% Fibonacci expansion, with a break above that on a daily closing basis exposing the 61.8% level at 11985...
Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders. This week's main: Sunday Greferendum looms. How will Greeks vote...
Two polls and four twitter messages are raising the speculation of a political comeback by Dominique Strauss-Kahn...
Greek Prime Minister Alexis Tsipras and his creditors sparred heading into Sunday’s referendum on austerity as a poll suggested voters are inclined to accept deeper cuts...
European stocks declined, heading for their worst week in two months, as investors awaited Sunday’s Greek referendum on austerity. The Stoxx Europe 600 Index slipped 0.2 percent to 384.61 at 11:22 a.m. in London...
Friday, July 3rd NZD/USD is quoted at 0.6696 after Non-farm Payrolls data sent the pair little lower. The number of people employed in the U.S. during the previous month (excluding the farming industry) fell to 223K. The unemployment rate in the U.S. is 5.3% – lower than expected...
Greek referendum - its gonna cost around 110 million EUR according to Germany's FAZ (Frankfurter Allgemeine Zeitung). Expect early indications from around 18:00 GMT Sunday afternoon (July 5). On Monday, if the referendum goes ahead, it will be much, much worse by liquidity than it normally is...
Current trend On Thursday, the Euro grew by 30 points against the USD amid poor economic data from the US. Non-farm Payrolls amounted to 223 K of new jobs, which is 7 K below what was expected. The unemployment level fell by 0.2% to 5.3%, however, labor participation rate was only 62...
Important announcement to Traders Dear Traders, As most of you are already aware, there is a lot of uncertainty being built around a potential “Grexit” following Greece's missed loan repayment of EUR 1.6 billion to the IMF...
