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GBPUSD: The pair has paused its weakness at its key support leaving risk of a return to the upside on the cards. Except it breaks and holds below the 1.4130 level, risk of a move higher on correction is likely. On the downside, support lies at the 1...
Euro bears have already profited from today’s decline as the euro fell 60 pips from our short-entry. The euro will now need to break significantly below the crucial support-level at 1.12 in order to invigorate further bearish momentum. Below 1.1180 we expect the EUR/USD to slide towards 1.1140...
EUR/USD: Neutral: Bearish if daily closing below 1.1200. While the downward momentum has eased somewhat after the rebound from the low of 1.1231 yesterday, the undertone for EUR is still weak and the immediate risk is tilted to the downside...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, June 14th GBP/USD is trading in bearish trend this morning as UK referendum is coming closer. The pair continues to be heavy weighted as less than 10 days are left till UKs major event...
Hi traders, GBP/USD can go anywhere, so better wait patiently at major of Support or Resistance. I hope GBP/USD could meet major Support. Let the markets to decide it. We just need to wait...
The USD remains a bullish currency in the longer-term, however the latest NFP report in addition to Brexit contagion risks, have seen bearish sentiment on the USD. Whether this USD sell-off continues or not will depend on incoming data and Fed’s members perspective of that data...
EURUSD: The pair halted its weakness to close higher on Monday and left risk of move higher on the cards. Support lies at the 1.1200 level. Further down, support comes in at the 1.1150 level where a violation will aim at the 1.1100 level. A break of here will target the 1.1050 level...
In case you are pondering of venturing in forex trading it's essential that you have the essential information as you begin and thru expertise study extra about it...
FX Data Mining with Apache Spark Intro Let us present our experience with massive offline Data Mining using several open source technologies on weekly batch of 1TB historical data for the past 10 years with +400 features...
As of 2016, China is the largest economy in Asia and the world’s second-largest economy in terms of nominal gross domestic product (GDP) at approximately $11 trillion. Although China’s GDP grew at 6.9% in 2015, this was its lowest growth rate in 25 years...
Schweizerische Nationalbank, or Swiss National Bank (SWX: SNBN), Switzerland's central bank, is responsible for conducting national monetary policy in pursuit of a stable price environment broadly beneficial to the country and conducive to economic growth...
The trend of weakness in corporate earnings is likely to continue in 2016. The most recent corporate earnings report from the Bureau of Economic Analysis for the first quarter showed after-tax profits down 3.6% from the first quarter of 2015. A negative 3...
PIMCO's forecasts call for 5.5 to 6.5% growth in Chinese gross domestic product (GDP) in 2016. This figure is above the global average but substantially lower than China's performance over the preceding decade...
A burning question that arose in the aftermath of the February 2016 G20 meetings in Shanghai is whether the G20 members secretly instituted a "Plaza Accord" agreement to intervene and stem the rise of the U.S...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, June 13th EUR/USD has fallen sharply since the last Thursday, losing all gained positions for previous week...
GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.689 within the next 2 days. Resistance Levels : ( B ) 0.7141Last resistance turning point of Channel Up. Support Levels ( A ) 0.689Last support turning point of Channel Up...
Central banks will be in focus this week with the Federal Reserve, Bank of Japan, Swiss National Bank, and Bank of England all due to announce their latest monetary policy decisions. As always on Mondays kick start the week with my prepared currency update below...
USD: Cautious on USD. Neutral. The recent labor market report is a game changer for USD, and we are no longer bullish in the near term. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
GOLD: The commodity strengthened further the past week leaving risk higher in the new week. However, we think price consolidation or pullback should occur. On the downside, support comes in at the 1,260.00 level where a break will turn attention to the 1,250.00 level...
Welcome to my "Strength and Comparison" article for the coming week, the article "Ranking, Rating and Score" has also been published. For analyzing the best pairs to trade looking from a longer term perspective the last 3 months Currency Classification can be used in support...
