All Blogs
FxWirePro: Nikkei Forms Inverse H&s Pattern, Good to Buy at Dips Pattern Formed-Inverse Head and shoulder Major resistance - 17300 The index has broken neckline around 16800 and jumped till 17250 at the time of writing .It is currently trading around 17237...
FxWirePro: USD/SGD Breaks Key Resistance at 1.3423, Good to Buy on Dips USD/SGD is currently trading around 1.3454 marks. It made intraday high at 1.3479 and low at 1.3434 levels. Intraday bias remains bullish till the time pair holds initial support at 1.3423 levels. A daily close below 1...
Pivot Points Daily Last Updated: Apr 21, 3:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11278 1.12256 1.12598 1.13234 1.13576 1.14212 1.1519 USD/JPY 107.246 108.364 109.095 109.482 110.213 110.6 111.718 GBP/USD 1.41892 1.42718 1.42995 1.43544 1.43821 1.4437 1.45196 USD/CHF 0.9423 0.95533 0...
Remember at the start of the day the EURUSD was in a 38 pip trading range. That range has now been extended to an above average of 94 pips (the average is 82 pips) - and it might not be over. Looking at the daily chart, the EURUSD has a head and shoulders look to it...
Last weekends Elliott Wave weekly update spoke about the ongoing contracting wedge formation in cable, I had been expecting a further rise to the 14400 handle to complete three movements in wave ‘e’ of the triangle...
Sterling may lose one-quarter of its value if the U.K. votes to leave the European Union in its upcoming referendum, the head of a top London hedge fund told CNBC...
FxWirePro: Gold Tests Key 1256 Level, Scope for Further Upside Gold retreated slightly on Wednesday as dollar firmed after better than expected US housing data supported dollar and investors remained cautious ahead of the Eurozone interest rate decision followed by ECB press conference...
FxWirePro: USD/JPY Rebounds, Critical Resistance at Lies Ahead The USD/JPY pair slipped towards 108.74 levels initially in the European session, however the pair rebounded back strongly gaining back all losses suffered earlier after the release of positive US housing data...
EUR/USD Drops to Test 1.1300 The euro dropped further against the US dollar and fell to 1.1300 hitting a new daily low. So far EUR/USD has been able to remain above 1.1300 but continues to hold a bearish intraday tone...
USD/CHF Reverses and Climbs Toward 0.9700, at 4-Week Highs The Swiss franc dropped sharply across the board during the American session and boosted the USD/CHF pair that rose from 6-day lows to 3-week highs. Yesterday the pair declined to 0.9584 and then rose modestly...
NZD/USD: are Bulls Dropping their Commitments? NZD/USD has been lacking in vigour, in comparison to recent performances through the 0.70 handle. However, that was a short-lived conquest and failures to maintain the top spot and close above 0.7000 have opened-up a chain of supply from 0...
Analytical Review of the Stocks of Johnson & Johnson Johnson & Johnson, #JNJ [NYSE] Health care, Production of drugs, USA Financial performance of the company: Index – DJIA, S&P 500...
EUR/USD Retail FX Cling to Net-Short Positions Ahead of ECB Meeting EUR/USD EUR/USD may largely consolidate going into the European Central Bank (ECB) interest rate decision as market participants gauge the outlook for monetary policy; despite speculation for more easing, the single-currency may...
USD/CHF: Swiss Index of Economic Expectations has Grown Swiss index of economic expectations has grown to 11.5 in April against 2.5 in March. However, this news has had only short-term effect on the market...
Yen Continues to Correlate with Stocks - Scotiabank Analysts at Scotiabank noted the continued correlation between stocks and the Yen. Key Quotes: The Nikkei gained strongly yesterday and managed to buck the trend of mixed to weaker global stocks with a modest gain overnight...
Status of 9/11 Bill and the Saudi Threat - BBH Analysts at Brown Brothers Harriman noted that there continues to be much discussion among investors of New York Times report last weekend in which a Saudi official threatened to sell $750 bln of US Treasuries and assets if a bill that would allow fa...
AUD/USD: Reaching New 10-Month Highs AUD/USD was lifted on a better risk sentiment in the European session and a positive close in the Nikkei that finished up 0.19%. Oil has been the catalyst along with flows through the yen. With oil prices tailing off overnight, the Yen picked up the bid...
USD/CAD Tumbles to Fresh 9-Month Lows USD/CAD broke below 1.2630 and tumbled to 1.2591, hitting the lowest level since July 6, 2015. A sharp increase in crude oil prices helped the loonie break higher across the board...
