The focus of traders today is the meeting of the Bank of England. As expected, the central bank of Great Britain will keep the key interest rate unchanged after the Bank of England lowered the rate to a record low of 0.25% one year ago...
GBP/USD According to most forecasts, today the Bank of England's Monetary Policy Committee (MPC) will lower the inflation forecast for this year and will vote in favor of maintaining rates at the current level. Most likely, MPC will not raise rates this year due to low rates of economic growth...
MARKET UPDATES *Gold prices may shrug off the service-sector ISM survey and another round of commentary from Fed officials, waiting for Friday’s payrolls data for direction. *NZ Dollar fell with local bond yields, hinting at ebbing RBNZ rate hike outlook...
Dear readers, at the end of New York market session, I analyze volatility (ATR) and trend (SMA) indicators on the majors forex pairs, searching for the most profitable conditions to place a trade...
USDCAD has (finally) broken the wedge on the weekly time frame, so we can see some sort of momentum. Price has formed a bearish AB leg on the daily time frame, and there is CSI supporting trend reversal. I am now looking for price to retrace to the supply zone around the 61.8% Fibonacci level...
NZDCAD has formed a new bearish AB leg on the 4HR time frame. There is CSI confirming trend reversal and I will be looking for price to retrace to the supply zone around the 61.8% Fibonacci area where we can see a supply zone...
EURJPY is currently capped to the downside by a negative trend line. Price has currently retraced into a supply zone around the 50% Fibonacci area. Should there be candle stick information confirming a change in price direction I will sell: Entry: Market (On confirmation) Stop Loss: 150.000...
USDCHF: With the pair seeing price follow through on the back of its Tuesday recover, more strength is likely in the days ahead. 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...
According to the data published yesterday, the Eurozone's GDP in the second quarter increased by 0.6% (+ 2.1% in annual terms against + 1.9% in the previous quarter). Quarterly growth rates have become the highest since March 2015...
If you type "Bitcoin" in any search engine, the first thing you will see, almost certain, is "Split". I already explained in a previous post about this matter, but now I want to take the opportunity to discuss the effects of the so called "hard fork...
Dear readers, at the end of New York market session, I analyze volatility (ATR) and trend (SMA) indicators on the majors forex pairs, searching for the most profitable conditions to place a trade...
GBPUSD: The pair continuing to retain its upside threats on correction, more strength is envisaged. Support lies at the 1.3150 level where a break will turn attention to the 1.3100 level. Further down, support lies at the 1.3050 level. Below here will set the stage for more weakness towards the 1...
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The AUD/USD pair extended its retracement move from closer to 26-month highs and is currently placed session lows near the 0.7985-80 region ahead of the US economic releases. The pair retreated over 60-pips from session tops near the 0...
Today at 21:45 (GMT) will be published data from the labor market of New Zealand. It is expected that unemployment in New Zealand declined in the second quarter by 0.1% to 4.8%. At levels below 5% unemployment in the country was in the period from 2003 to 2008. Nevertheless, unemployment of 4...
EUR/USD EUR/USD broke another resistance and renewed the maximum of the last two and a half years. Now the pair is trading at 1.1845. Technically, the next target is 1.1900, followed by 1.1945 - the area of the bearish gap that arose at the junction of 2014 and 2015, then 1.20...
The EURUSD pair managed to confirm breaching the bullish channel's resistance that appears on chart after closing yesterday's trading above it, to add more confirmation to the continuation of the bullish trend on the short term basis, and the way is open to touch our next target at 1...
