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It’s been five months since Johnson Umeadi and his wife, Adaku, received their salaries as government workers in southeastern Nigeria. With Nigeria’s finances shot by last year’s collapse in oil prices, they’re struggling with rent and can’t afford school fees for their three children...
Crude Oil
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Yudhi Pratomo, 13 July 2015, 01:14
A strengthening U.S. economy may prompt the Federal Reserve to raise interest rates as soon as September, said Byron Wien, vice chairman of the advisory services unit at Blackstone Group LP...
Analytics & Forecasts
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Yudhi Pratomo, 13 July 2015, 00:59
In this article I will provide my view on the NZD/USD, AUD/CHF and the GBP/CAD. These are the pairs that I am currently interested in or was interested in last week for trading with the FxTaTrader weekly strategy...
The euro started another week on a declining note, while the yen strengthened, as the latest twist in the Greek bailout saga reaffirmed demand for haven investments. The Australian and New Zealand dollars retreated. The 19-nation euro dropped 0.6 percent to $1.1097 by 6:01 a.m. in Tokyo, losing 0...
Analytics & Forecasts
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Yudhi Pratomo, 12 July 2015, 23:24
The euro faces a volatile start to trading in Asia after Greece was told it must pass legislation on austerity measures through parliament before detailed negotiations with creditors on financial aid can begin. The shared currency was quoted at $1.10805 via EBS pricing as of 2:51 p.m...
Analytics & Forecasts
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Yudhi Pratomo, 12 July 2015, 21:12
D1 price is located below 200-day MA and below 100-day MA for the primary bearish market condition with secondary market rally as local uptrend: 23.6% Fibo level at 0.9429 was broken by price from below to above with next levels on 100-day MA at 0.9500 and 200-day MA at 0.9520...
Weekly Trends
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Sergey Golubev, 12 July 2015, 21:11 #usdchf, price action
European finance chiefs said they were unlikely to strike a deal on the outlines of a third Greek bailout, threatening to delay the cash infusion Prime Minister Alexis Tsipras desperately needs...
Analytics & Forecasts
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Yudhi Pratomo, 12 July 2015, 20:58
Greece struggling to convince creditors it’s for real As it seeks a third European bailout in five years, Athens aims to show it can push through dramatic reforms BRUSSELS (AP) — Greece’s finance minister was struggling late Saturday to convince skeptical creditors that the Greek government can b...
Market News
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Diamond Ashiegbu, 12 July 2015, 20:39
Average annual income is at $47,056, though compulsory deductions were a high 37.8 percent. Disposable income level dropped by $544. Foodstuffs, electrical goods, tourism, machinery and chemicals dominate its economy...
Other
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Yudhi Pratomo, 12 July 2015, 20:35
The fast-growing global drone industry has not sat back waiting for government policy to be hammered out before pouring investment and effort into opening up this all-new hardware and computing market...
Analytics & Forecasts
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Yudhi Pratomo, 12 July 2015, 20:01
Let’s start with a review of last week’s forecast: - regarding EUR/USD, 64% of the analysts expected the pair to fall by at least 100-200 points while 18% of the analysts claimed that the euro would rise to 1.1250...
Analytics & Forecasts
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Sergey Ershov, 12 July 2015, 20:00 #usd/jpy, GBP/USD, EUR/USD
The idea of a temporary Greek exit from the euro, reprised Saturday by Germany’s Finance Ministry, won qualified support from Chancellor Angela Merkel’s deputy, signaling broader acceptance for such a step within her government...
Analytics & Forecasts
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Yudhi Pratomo, 12 July 2015, 19:44
Prime Minister Alexis Tsipras was given three days to push new austerity measures through parliament and keep alive Greece’s chances of staying in the euro...
Law/Regulations
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Yudhi Pratomo, 12 July 2015, 19:30
The rising page count and complexity of the nuclear accord being negotiated between Iran and six world powers has made it impossible to conclude the document on Sunday, according to four officials at the talks...
Analytics & Forecasts
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Yudhi Pratomo, 12 July 2015, 19:24
Here’s the market outlook for this week: EURUSD Dominant bias: Bearish This pair trended downwards in the first few days of last week, challenging the support line at 1.0950...
Analytics & Forecasts
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1246536 Ernest G., 12 July 2015, 18:59
EURUSD: With EUR closing higher the past week, we look for more recovery higher to occur. Resistance is seen at the 1.1250 level with a cut through here opening the door for more upside towards the 1.1300 level. Further up, resistance lies at the 1.1350 level where a break will expose the 1...
Analytics & Forecasts
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FXTechstrategy Team, 12 July 2015, 18:25
Greece has submitted its proposal, which is one that the creditors will find hard to reject. Nevertheless, there are good reasons to see the euro falling...
Analytics & Forecasts
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Mirko Cerulli, 12 July 2015, 17:14
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend...
A planned meeting of European Union leaders has been cancelled as crisis talks continue about Greece's place in the single currency zone...
Events
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Mirko Cerulli, 12 July 2015, 13:18
Undoubtedly, European turmoils take toll in the euro volatility. But if you want to know what's gonna happen to the currency in the long term, have a look at crude. The euro-dollar rate is tracking crude prices more closely than at any time in the past two years, says Bloomberg...