Daily economic digest from Forex.ee Stay informed of the key economic events Monday, November 21st The ongoing speculations around upcoming OPEC meeting, where agreement between countries oil exporters about crude oil output freeze could be reached continue to drive the market...
Trading recommendations Buy Stop 1220.00. Stop-Loss 1210.00. Objectives 1234.00, 1250.00, 1264.00, 1275.00 Sell in the market. Stop-Loss 1220.00. Objectives 1203.00, 1160.00, 1100.00, 1048...
USD/JPY Keeps Climbing as Japanese Trade Data Disappoints Talking Points USD/JPYremains focused on Trump and the “USD” side of the pair News that Japan’s trade surplus remained steady wasn’t enough to deflect attention However, the surplus missed forecasts substantially...
Fedspeak points to a rise in interest rates next month Fed fund futures are signalling a 95 percent probability of a rate hike when the Federal Open Market Committee (FOMC) meets on December 14. A repeat of last year' lone rate hike is in the works for 2016...
GOLD: Having the commodity closed lower the past week, further bearishness is envisaged. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door for a move lower towards the 1,180.00 level...
Daily price is located above Ichimoku cloud in the bullish area of the chart. The price is on ranging within the following support/resistance levels: 1.3551 resistance level located far above Ichimoku cloud in the border of the bullish trend to be resumed, and 1...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bearish Decline continued last week - proceeding below the resistance lines at 1.0650 and 1...
Daily price is on bearish breakdown located below Ichimoku cloud in the bearish area of the chart. The price broke 1.0619 support level to below for the bearish breakdown to be continuing with 1.0567 target to re-enter. If D1 price breaks 1...
EURUSD: The pair weakened further the past week leaving risk lower in the new week. On the down, support lies at the 1.0550 level where a violation will aim at the 1.0500 level. A break of here will aim at the 1.0450 level. Its weekly RSI is bearish and pointing lower suggesting further weakness...
When past values in a time series are correlated with each other, it is a good idea to perform autoregression on the past values to extract the relationship between the past values in order to predict the future values. You can download this Autoregression Indicator from my blog...
Hello traders, All of us heard that US will hike rates soon, possibility in December 2016 has percentage more than 90% the FED will do that. I am personally hope it is happen, because of this position https://www.mql5...
Weekly Trading Forecast: Does a Seasonal Liquidity Drain Benefit or Threaten the Markets? Welcome to my products: https://www.mql5.com/en/users/soubra2003/seller The US Thanksgiving holiday week offers a historical drain on liquidity and boost in speculative reach...
First, a review of last week’s forecast: - It is clear that the dynamics of the dollar exchange rates are now largely determined by the actions of the US President-Elect Donald Trump, which have thus far been driving a continuing strengthening of the American currency...
Pound Sterling and the US Dollar are poised to see better levels in 2017 while the Euro is kept capped by ECB activity. Commodity Dollars such as the Australian, Canadian and New Zealand Dollars should maintain recent trends...
November is shaping up to be the best month for the U.S. dollar in 2 years. The greenback is up over 5% against the Japanese Yen and more than 3% versus the euro. The dollar’s strength can be attributed to 2 main factors and they both boil down to a positive current and future outlook for the U.S...
On 17 Nov 2016 02:00 PM UTC, COSMOS4U AdMACD Indicator triggered a successful buy signal for USDJPY currency pair at 109.583 under 19, 43, 6. The position closed on 18 Nov 2016 12:00 PM UTC at 110.138 and the profit was 0.51%. AdMACD parameters for USDJPY on close were 19, 43, 6...
On 17 Nov 2016 08:00 AM UTC, COSMOS4U AdMACD Indicator triggered a successful buy signal for GBPJPY currency pair at 135.768 under 9, 24, 12. The position closed on 18 Nov 2016 11:00 AM UTC at 137.026 and the profit was 0.93%. AdMACD parameters for GBPJPY on close were 9, 24, 12...
This trading week is ended with some results concerning Hang Seng Index: the daily price was bounced from 21,903 support level to above for the ranging condition to be started within the primary bearish trend...
Fed Chair Janet Yellen spared the U.S. dollar today by avoiding any talk about her discomfort with the recent surge in U.S. yields...
USD Index Break OUT 2 Years Channel! The U.S. dollar rose against its major rivals on Wednesday, with a key index of the currency hitting its highest level in 13 years as the greenback’s post-election rally continued. The dollar has been on a sharp upward trajectory since the U.S...
