First, a review of last week’s forecast: - Even though the ECB decided to leave the interest rate unaltered and the number of new jobs outside the agricultural sector in the United States remained virtually unchanged (235K vs...
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This from a spreadsheet I made using the weekly COT (Commitment of traders) report found here - http://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm. I use this to add some weight behind the trades I make...
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Daily economic digest from Forex.ee Stay informed of the key economic events Friday, March 10th The EUR/USD remains firmer today on yesterday’s M.Draghi’s talks. Yesterday as it was widely expected the ECB left its interest rate unchanged, while following ECB President M...
I have the Green dragon on EURUSD looking to catch a breakout from this consolidation. The COT sentiment is short right now, but the interesting think is that last week the big boys have been accumulating long contracts to the tune of 15,700! The retail side just switched net short...
GBPUSD: The pair continues to face further weakness following more declines on Wednesday. Support lies at the 1.2150 level where a break will turn attention to the 1.2100 level. Further down, support lies at the 1.2050 level. Below here will set the stage for more weakness towards the 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, March 9th The EUR/USD pair bounced off its recent lows, marked at 1.0525 spot in early Europe, and now is trading around mid-point of 1.05...
GOLD: The commodity declined further on Tuesday leaving risk of more weakness on the cards. On the downside, support comes in at the 1,210.00 level where a break will turn attention to the 1,200.00 level. Further down, a cut through here will open the door for a move lower towards the 1,190...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, March 8th The EUR/USD pair extends its bearish slide for the third session in a row, refreshing this week’s lows at 1.0551 spot, in wake of broadly higher the US dollar...
According to Greg Gibbs, Director at Amplifying Global FX Capital, headline inflation has jumped sharply to surpass the ECB’s medium-term target for the first time since Jan-2013 which may be generating some thoughts of a less dovish ECB statement on Thursday...
My forecast is that EUR/USD will hit 1.01-1.03 range mid to end of next week. Open to comments...
Trading recommendations Sell Stop 2364.0. Stop-Loss 2378.0. Objectives 2330.0, 2300.0, 2275.0, 2213.0, 2200.0, 2180.0 Buy Stop 2378.0. Stop-Loss 2364.0. Objectives 2390.0, 2400.0 Overview and dynamics...
GBPUSD: The pair faces further weakness following its continued downside pressure. Support lies at the 1.2150 level where a break will turn attention to the 1.2100 level. Further down, support lies at the 1.2050 level. Below here will set the stage for more weakness towards the 1.2000 level...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, March 7th The EUR/USD pair is attempting to recover from its overnight lows, located at 1.0573, but still keeps its range below the 1.06 level...
On 24 Feb 2017 04:00 PM UTC, COSMOS4U AdMACD Indicator triggered a successful sell signal for AUDUSD currency pair at 0.76808 under 48, 316, 52. The position closed on 07 Mar 2017 07:00 AM UTC at 0.76165 and the profit was 0.84%. AdMACD parameters for AUDUSD on close were 54, 360, 47...
The markets trade in mild risk aversion today and the sentiments sent Yen broadly higher. Meanwhile, Dollar regains some ground from Friday's profit taking pull back. The greenback stays supported by firm expectation of a March Fed hike...
In the Currency Strength table the USD was the strongest currency while the GBP was the weakest. There were a lot of changes last week...
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: USD(4X) followed by the AUD(3X). The weaker currencies are the GBP(5X) followed by the NZD(2X) and CAD(2X). A nice combination for coming week may be e...
USDJPY: The pair still faces downside pressure though closing higher the past week. On the downside, support comes in at the 114.00 level where a break if seen will aim at the 113.50 level. A cut through here will turn focus to the 113.00 level and possibly lower towards the 112.50 level...
