All Blogs
European desks are up and running and the pound's under attack. Further to my earlier post confirming my bearish view we've seen another wave of selling as traders get to grips with the possibility/reality of the referendum vote being a lot closer than might have been perceived in some quarters...
Forex Weekly Trading Forecasts: Fed Forecasts, Brexit and China Just a Few Key Themes This Week Key financial market themes are finding traction between key data (ie US inflation), events (G-20) and headlines (EU Brexit headway). Will volatility evolve into trend...
Dear Traders, The performance of the U.S. dollar failed to impress despite a stronger consumer price report Friday. While we were looking for increased bearish momentum in the EUR/USD after a break below 1.1070, the short dip turned out to be a false break-out of the euro's narrow trading range...
Pre US Open, Daily Technical Analysis Monday, February 22, 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: under pressure. Pivot: 1.1145 Most Likely Scenario: short positions below 1...
OIL VOLATILITY, CENTRAL BANK COMMENTS AND G20 TO SPARK GLOBAL COOPERATION DEBATE The USD had mixed results versus major pairs during the past week...
Pivot Points-Hourly Last Updated: Feb 22, 1:30 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.10594 1.10717 1.10758 1.1084 1.10881 1.10963 1.11086 USD/JPY 112.293 112.627 112.84 112.961 113.174 113.295 113.629 GBP/USD 1.41122 1.41398 1.41578 1.41674 1.41854 1.4195 1.42226 USD/CHF 0.98889 0...
The new started with #GPBUSD gap down. Then the downward movement continued, and as the result quotations reached the channel line of the current short-term downward trend. It is likely that the bears will take a break here. Find out more by checking out the Source Link...
Bulls in #Gold can not overcome the long-term downward trend line, which is partly due to the slight recovery of risk appetite in the global stock markets. It is recommended to be out of the market. Find out more by checking out the Source Link...
22 February 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 08:00 French Flash Manufacturing PMI EUR Med. 50.0 49.9 Neutral 08:00 French Flash Services PMI EUR Med. 50.3 50...
Long Brexit road ahead for sterling There is no doubt about the standout currency this morning, with sterling having gone up the escalators into Friday’s close and down the lift-shaft as the start of the Asia session...
The EU ‘Brexit’ referendum is going to dominate media debate over the next 124 days. Opinion polls show a small lead for the ‘out’ camp, but a large body of ‘undecideds’ will decide the eventual outcome. Bookmakers still favour the UK remaining in the EU...
EUR/USD Little Changed After Weaker February Markit Euro-Zone PMIs Talking Points: - Flash Eurozone Manufacturing PMI at 51.0, 12-month low - Flash Eurozone Services PMI at 53.0, below expectations - Euro little changed versus the US Dollar...
Why has ECB implementation of QE lagged behind the BoJ? Our view is that the ECB suffers from “financial dominance,” whereby vested interests in the core of the Euro zone, Germany in particular, are preventing aggressive QE implementation that challenges the business model of the financial sector...
Support & Resistance-Update in Indexes Last updated: Feb 22, 12:59 pm +03:00 S - Strong | M - Moderate...
...Central banks still can move the markets, but do they have enough ammunition to deal with the next financial crisis or economic downturn? At the outset, we think the BoJ and ECB will have a very hard time, repeating the big currency moves of the last few years...
Pivot Points - WEEKLY Last Updated: Feb 22, 1:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.07805 1.09633 1.10443 1.11461 1.12271 1.13289 1.15117 USD/JPY 108.087 110.658 111.594 113.229 114.165 115.8 118.371 GBP/USD 1.37881 1.40886 1.42438 1.43891 1.45443 1.46896 1.49901 USD/CHF 0.94568 0...
Pivot Points - Daily Last Updated: Feb 22, 1:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09637 1.10366 1.10809 1.11095 1.11538 1.11824 1.12553 USD/JPY 110.587 111.658 112.094 112.729 113.165 113.8 114.871 GBP/USD 1.40367 1.41927 1.42958 1.43487 1.44518 1.45047 1.46607 USD/CHF 0.97509 0...
