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We expect the bullish momentum of GBPUSD to continue and believe that any downside potential would be a perfect opportunity for a long swing trade. We expect an a-b-c move down to 61% retracement level and that is our ideal buy order. Trade Setup: Long ... Read More...
The GBP/USD exchange rate has relinquished its four day advantage, even as front-line US data disappoints market expectations. The U.S. dollar was in fine form in mid-week trade, bringing an end to the poor run we have seen over the course of April...
The Bank of Canada HAD to raise its 2016 growth forecast, since the Governor's boss, Minister Morneau, is out touting the benefits of fiscal stimulus, and December/January GDP surprised on the upside...
Bank of Canada: Little Prospect of Further Easing - ING James Knightley, Senior Economist at ING, notes that today’s statement from the Bank of Canada, suggests that there is little prospect of any easing in the near future...
EUR/USD Drops Further to Test 1.1270 The selling pressure is now gathering further steam around the euro, dragging EUR/USD to test lows in the 1.1270 region...
EUR/CAD – Drops Below 1.44 after BOC Keeps Rates Unchanged EUR/CAD fell below 1.44 handle after Bank of Canada kept key rates unchanged as expected and revised 2016 GDP forecast higher...
BoC Leaves Rates Unchanged, Downgrades Growth Outlook The Bank of Canada (BoC) kept its target for the overnight rate unchanged at 0.5%. The Bank Rate is correspondingly 0.75% and the deposit rate is 0.25...
The Euro remains very range bound. It still by and large tracks the Bund/Treasury spread, albeit trading a little higher than that spread would imply at the moment...
AUD/USD Gains Capped Around 0.77 – Westpac According to strategists at Westpac, AUD’s upside appears somewhat limited around the 0.7700 handle in the near term. Key Quotes "AUD/USD found fresh buyers and pricing for a May rate cut faded to below 30% after the strong Mar NAB business survey”...
AUDUSD Daily Chart In its daily chart, AUDUSD pair has created a bullish structure of the lows but not yet to consider a completed intermediate 5-waves up. If we make an extension of waves 1 and 2 ... continue here http://www.forexsignalsfactory.net/2016/04/13/audusd-upcoming-short-term-forecast...
WTI Below $42.00, Losses Momentum Ahead of EIA The barrel of West Texas Intermediate has retreated from recent highs above the $42.00 mark, returning to the $41.70 area...
Risk sentiment improved of late, regardless of the IMF warning that a prolonged period of slow growth has left the global economy more exposed to negative risks...
BoC Decision Preview: What to Expect of USD/CAD? The Bank of Canada (BoC) will announce its monetary policy decision at 14:00GMT and it is widely expected to keep rates on hold at 0.50% this month...
USD/CAD Cautiously Bearish – Scotiabank In view of Eric Theoret, FX Strategist at Scotiabank, USD/CAD's outlook remains tilted to the bearish side. Key Quotes “Trend and momentum indicators are decisively bearish”...
The British pound has not flinched against the euro on news that the Leave camp has no grown bigger than the Remain In camp with pollsters ICM. Their latest polling data shows the Remain In vote stands at 42% while Leave is at 45%. Undecideds are at 12...
FXWIREPRO: BTC/USD Faces Strong Resistance at $428, Good to Buy at Dips. Major Resistance - $428 BTC/USD has slightly retreated after making a high of $426.67. It is currently trading around $424. Short term trend is slightly bullish as long as support $400 holds...
We think today’s BoC meeting could see a meaningful change in narrative, with the first upward revision to 2016 growth in almost a year. The improved outlook stems from two sources...
Testing on a real tick story - EURUSD,H1 Broker: OctaFX (true ECN execution without requotes, without commission) 1. Testing with optimized parameters on EURUSD,H1 (2015.07.01 - 2016.01.01): Optimization Report s7_Hunter_bot...
Gold Recovers to Hourly 100-MA After US Data Moderate weakness in the US dollar following a dismal US retail sales release saw gold prices recovery to hourly 100-MA level of $1247.50. Trades above 50% Fibo Prices rose to $1248.89 before falling back to trade just above $1245.37 (50% of 1283-1207...
