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Talking Points USDCAD immediate short-bias at risk into BoC Updated targets & invalidation levels USDCAD 30min Technical Outlook: USDCAD failed to close above key resistance noted last week at the May high-day close at 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, July 12th GBP/USD Current price: 1.3122 (1...
TRADING RECOMMENDATIONS The Japanese stock index Nikkei Stock Average on the basis of trading in Asia rose today by 2.5%, as investors close their short positions on the yen on expectations of growth "decisive stimulus" by the Bank of Japan...
GBPUSD: The pair turned higher on Monday leaving risk to the upside on correction in the days ahead. It was seen heading higher during early trading on Yuesday. On the downside, support lies at the 1.3000 level where a break will turn attention to the 1.2950 level...
Talking Points: USD/JPY Technical Strategy: The Trend Is Clearly Lower 200-Week Moving Average Remains The Line In The Sand (106.54) ABE: WILL ORDER PREPARATION OF ECONOMIC STIMULUS TOMORROW (BBG Headline) Watching For a Bear Market Bounce...
Gold and silver positioning in unchartered waters Specs buy Mexican pesos Copper specs still getting squeezed The COT Index is the difference between net speculative positioning and net commercial positioning measured...
Talking Points: - Japanese Prime Minister, Shinzo Abe, had a big win over the weekend as his conservative coalition appears to be set to take a super majority in the upper house of Japanese parliament...
Talking Points -Japanese Yen sells off on anticipation of fiscal stimulus coming from Japan -GBP/JPY presses into 133...
This daily digest focuses on market sentiment, new developments in China’s foreign exchange policy, changes in financial market regulations and Chinese-language economic coverage in order to keep DailyFX readers up-to-date on news typically covered only in Chinese-language sources...
Talking Points: Crude Oil Technical Strategy: Favoring Downside < $45/bbl Intermarket Analysis Shows US Dollar May Be Public Enemy #1 For Crude Bulls Sentimental Trading System Shows The Trend May Be Reversing The price of WTI Crude Oil (CFD: USOil) traded at its lowest levels in two months as...
Talking Points: Gold Technical Strategy: Gold prices continuing to hold post-Brexit, NFP gains while USD remains near resistance. The aggressive up-trend in Gold combined with the fundamental back-drop could make shorts unappealing in the interim...
he U.S. Federal Reserve won't increase interest rates this year, and that will continue to drive gains in risk assets, said Alain Bokobza, head of global asset allocation at Societe Generale...
TRADING RECOMMENDATIONS Despite the fact that the pound is trading at the lowest levels in the past more than 30 years, the market is still a tendency to further sales of pounds. This is due to the situation with the rate in the United Kingdom, and the risk of recession in the country...
Dear Traders, And once again, the trading on payrolls day proved to be highly risky as market participants were divided over whether the strong jobs figures are reason enough to expect a U.S. rate hike by year's end. The latest U.S...
Summary : Target Level : 0.7213 Target Period : 2 days Analysis : Rising Wedge identified at 08-Jul-20:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.721 within the next 2 days...
98.4% NZDUSD WILL FALL NEXT WEEK Old support around 0.7170 appear to be current resistance. Rounded Bottom chart pattern is clear on weekly graph. Five consecutive white weekly candles give a 97% chance that next week we may see a black one...
98.4% Silver WILL FALL NEXT WEEK After the break out of the Falling Wedge on the weekly graph silver kept moving in a strong rising trend. Last week it finished with a high tall candle which is 128% taller than ATR10...
98.4% GOLD WILL FALL NEXT WEEK Gold seem to be at an extreme overbought after last couple of weeks political events and I think it will end next week with a falling black weekly candle...
Banks have already begun to take action to shift operations out of the UK, with the governor of France's central bank warning last Saturday that Britain's financial services groups were at risk of losing their right to operate across the EU...
