The PMI index (or the index of business activity) for the UK services sector in May was 53.8 (the forecast was 55.0, which is lower than the April index of the index 55.8). This index is an indicator of the economic situation in the service sector of Great Britain...
AUD/USD The pair returned to the area above 0.7400 last week and today continues to move upward. Technically the ceiling for the upward correction of AUD/USD is 0.7500 and only if it gains a foothold above 0.7460...
EurUsd Down Today. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors...
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GOLD: The commodity continues to hold on to its upside pressure short term leaving risk higher in the new week. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level...
While SPX is at its Highest point now SPX High Low Index is not...
This is a performance chart for the Dow Jones Industrial and VIX. The chart show 5 years of historical performance. The correlation index between VIX & Dow Jones show negative reading most of the time, which mean that VIX move against Dow Jones...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bullish After consolidating for the first few days of last week, a small up move led to price closing above the support line at 1...
EURUSD: With the pair closing higher the past week, risk of more strength is likely. Resistance comes in at 1.1300 level with a cut through here opening the door for more upside towards the 1.1350 level. Further up, resistance lies at the 1.1400 level where a break will expose the 1.1450 level...
Advanced Currency Impulse with Alert Indicator USER MANUAL This indicator is part of a complete trading strategy...
What’s inside: Attempt to push EURUSD lower last week met with strong buying pressure Look for the euro to push into overhead resistance before potentially stalling Key risk event this coming week arrives on Thursday with the ECB Find out what’s driving EURUSD this quarter in our Q2 forecast...
MetaTrader's tester allows us to run walk-forward analysis in different ways. Among them, two custom approaches are implemented and available as corresponding product lines for MT4 and MT5...
Here’s the market outlook for this month: Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bullish May 9 saw the start of the current bullish bias. Price is currently sitting above the support level at 1270.00 and heading for the resistance level at 1280...
First, a review of last week’s forecast: - The previous forecast for EUR/USD turned out to be quite accurate when it came to trends, but the pair’s volatility turned out to be more modest than expected. Recall that 60% of experts predicted the pair’s decline to 1...
The EUR/USD pair is holding on to its daily gains but is having a difficult time advance higher as the trading volume thins out towards the end of the week. As of writing, the pair is trading at 1.1278, gaining 0.57% on the day...
USDCHF: With the pair extending its weakness the past week, more decline is envisaged in the new week. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level...
NZD/USD is a great currency pair that I love to trade often. NZD/USD is tightly managed by Reserve Bank of New Zealand. What this means is that it gives few surprises unlike other pairs like GBP/USD, USD/CAD. Most of the time we can find very low risk trades on NZD/USD...
