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Investor risk sentiment is improving thanks to the ECB, who hinted at more monetary easing as early as March. The news could be good for the pound sterling while weighing on the euro. In the short-term high risk currencies are likely to be better supported then their safe haven bretheren...
Quotes of #USDCAD closed in the red zone the third day in a row, thus going beyond the short-term rising channel borders. As a result, at the weekly chart we see the reversal candlestick formation "bearish engulfing". Find out more by checking out the Source Link...
#EURUSD continues to decline, almost reaching the levels established as a result of emotional sales after the #ECB meeting. Currently, the reduction is more systematically. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Good Evening Forex Friends Today market is range bound and moving between small support and resistance zone and forming a symmetric triangle in 15 mint chart.Symmetric range is getting more close and we will have to see where it will break either upside or downside...
Last week finished with a turnaround in sentiment, with risk appetite being boosted by a rally in oil. WTI has lifted over $5 from lows which has helped commodity currencies rally; USDCAD is down 580 pips from the pre-BOC highs...
This week in #Forex will be saturated, as 3 central banks at once are holding their meetings and one of them is the U.S. Fed. No one expects that the Fed will raise the #rate again, but everyone is interested in how #Yellen will comment on the situation in the USA and the world...
Pre European Open, Daily Technical Analysis Monday, January 25, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: capped by a negative trend line. Pivot: 1...
Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 07:45 ECB President Draghi Speech EUR High - - Neutral 08:00 French Flash Manufacturing PMI EUR High 51.4 51.6 Negative 08:00 French Flash Services PMI EUR High 49.8 50...
The theory of CFD trading is very simple, buy low and sell high, but executing that theory requires some practice.Since most CFDs are traded OTC, you are dealing directly with the broker. Most contract terms can be negotiated since no standard set of terms exist...
“The Market’s primary job is to instantly find that exact place where this is an equal disagreement on value and an agreement on price...
NFP = non farm payroll (USA) Why is NFP Important for CFD Trading? Non-Farm Payroll or NFP is a critical economic news print, here’s a quick guide on understanding and trading NFP with CFDs...
2 Ways to Use Moving Averages with CFDs Indicators can be very handy tools for the CFD trader. They can assist in simplifying developments on a chart. This way traders can instead focus on placing the trade and managing their risk...
THE BOC AND ECB DELIVERED NO ACTION BUT THEIR WORDS STABILIZED MARKETS Central banks continue to dominate the FX market and prime examples of that were the interventions of the Bank of Canada (BoC) and the European Central Bank (ECB) this week...
The latest Commitment of Traders report that covers the four sessions through January 19 saw speculators anticipating the continuation of the current moves. Of the sixteen gross positions we track, only five were in reducing exposures. Last week there was only six increased exposures...
Blink and you missed last week’s turmoil on the financial markets. On Wednesday, billions were wiped off share prices; on Thursday and Friday they were wiped back on. The FTSE 100 index ended the week higher than it started. Just a bout of new year jitters...
USDCHF Daily Forecast: January 25 25 Januari 2016 1:54 AM USDCHF Forecast The USDCHF had a bullish momentum last week topped at 1.0165. The bias is bullish in nearest term testing 1.0220 before targeting 1.0325. Immediate support is seen around 1.0120...
GBPUSD Daily Forecast: January 25 25 Januari 2016 2:04 AM GBPUSD Forecast The GBPUSD was indecisive last week formed a Doji on weekly chart. Price attempted to push higher but found a good resistance around 1.4365 and closed lower back below the H1 EMA 200 as you can see on my H1 chart below...
EURUSD Daily Forecast: January 25 25 Januari 2016 2:12 AM EURUSD Forecast The EURUSD had a bearish momentum last week bottomed at 1.0777. The bias is bearish in nearest term testing 1.0700 region. Immediate resistance is seen around 1.0830...
GOLD: Having remained weak and continued to trade within its range, GOLD threatens additional downside pressure on bearishness. On the downside, support comes in at the 1090.00 level where a break will turn attention to the 1080.00 level...
Here’s the market outlook for this week:: Content courtesy of Tallinex Limited (https://www.tallinex...
