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The greenback, in terms of the US Dollar Index, keeps trimming recent gains and is now hovering over session lows in the 96.90/85 band. US Dollar retreats from 97.20 After testing 2-month lows above the 97...
In the view of Eric Theoret, Currency Strategist at Scotiabank, the pair’s perspective remains on the bullish side for the time being. Key Quotes “Both the MACD and RSI momentum indicators are bullish, and trend signals are showing signs of a turn”. “USDCAD’s rally toward the 50 day MA (1...
After a bull run to the 1.5380 area, or session peaks, GBP/USD has now returned to the 1.5360/55 band. GBP/USD looks to GDP figures The pair has given away part of the gains following the spike to the 1.5380 area as the greenback is now attempting to revert part of the initial drop...
The yellow metal’s rebound over the past few months has been slippery at times, with the most recent obstacle a stronger U.S. dollar, UBS says. However, the bank has noticed some encouraging aspects about gold's recovery...
U.S. stocks opened in the red on Monday ahead of this week's Federal Reserve policy meeting and quarterly earnings reports from key companies including Apple...
W1 price is is on bearish market condition located below 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the secondary ranging between 0.6084 Fibo support level and 0.6896 Fibo resistance level: Ascending triangle pattern was formed by the price to be crossed Fibo resistance level at 0...
Volkswagen lost the lead in global car sales to Toyota after claiming the first place three months ago, as the German car producer is getting used to negative consequences of a widening emissions-cheating scandal...
GBPUSD: GBP declined sharply the past week leaving risk of more weakness on the cards. While it holds and trades below its cluster of resistance zone at 1.5371/83, its outlook remains lower. Support lies at the 1.5250 level where a break will turn attention to the 1.5300 level...
On Monday the dollar was broadly lower, as markets paused after the greenback's broad rally sparked late last week by signs of potential easing in the euro zone and a surprise rate cut in China...
Near-term forecasts for the GBP to USD exchange rate suggests support is fast approaching. The British pound has been in retreat against the US dollar over the past 3 trading days ensuring those with an interest in the attainment of an October best at 1.60 and above have been thwarted...
Skandinaviska Enskilda Banken made intraday technical forecast for EUR/USD pair estimated new support level around 1.08 with stop loss at about 1.15: "With additional selling on Friday prices broke and closed below the March support line, the floor of the large bear flag...
Chinese premier Li Keqiang said China's authorities will not “defend to the death” its goal of 7% economic growth this year, a day after Beijing surprised markets by cutting interest rates for the sixth time in 12 months...
Trading recommendations and Technical Analysis – HERE! Despite the fact that the current week will be largely due to the remarkable number of scheduled economic news, the main the attention of the financial markets will be focused on the Fed's next meeting, to be held October 27-28...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD. EURUSD: We are struggling to see value in shorts at current levels. Sell at 1.1060, adding at 1.1085, with a stop at 1.1110...
Societe Generale made a weekly technical forecast concerning the EUR/USD: "Considering a largely negative close this week, EUR/USD will form an evening star, a candlestick pattern that signals possibility of down move...
Oil futures edged higher Monday as market players braced for a week of important economic events, but prices remained range-bound on signals that the world's stored oil was nearing capacity...
Payment for virtual hosting and trading signal subscriptions can now be done directly from the MetaTrader 5 Platform. You can pay from your bank card or via one of the payment systems: WebMoney, Paypal, Neteller and Netbanx...
European stocks edged lower Monday after mixed Ifo survey on German business conditions, easing from the two-month high they hit after China cut interest rates and the European Central Bank signaled more stimulus. Meeting of both the Federal Reserve and Bank of Japan are expected this week...
