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GBPUSD: GBP continues to hold on to its downside bias failing at the 1.5505 level to close lower on a rejection candle on Tuesday. While it remains below the 1.5508 level and its 200 EMA, our bias remains to the downside. Resistance resides at the 1.5508 level...
Greeks should get used to restrictions on their money with capital controls here to stay at least till the second half of 2016, say economists polled by Bloomberg...
Capital is leaving China at a record pace and the country's central bank is drawing down reserves to buoy the renminbi after its recent grinding fall. Investors are now asking how long China’s shrinking foreign currency reserves — down to $3.5tn from a peak of $4tn in June 2014 — can hold out...
The euro edged higher against the dollar on Tuesday as investors looked ahead to a European Central Bank meeting later in the week amid speculation that it could flag plans to enlarge its stimulus program. EUR/USD eased up 0.15% to 1.1342, pulling back from Monday’s one-week lows of 1.1305...
W1 price is above 200 period SMA (200 SMA) and above 100 period SMA (100 SMA) for the primary bullish market condition with the secondary ranging between key support level at 1.2122 and Fibo resistance level at 1...
Although there was a talk three years ago that the U.K.-China relations deteriorated after U.K. Prime Minister David Cameron met with the Dalai Lama, the exiled Tibetan leader, developments that take place today show it's not a problem anymore...
Trading recommendations – Here! Current dynamics Although the pair XAU / USD and is growing, it's not that simple. The current strengthening of the gold is mainly based on lower expectations of market participants regarding the interest rate increase in the US before the end of the year...
The Canadian dollar strengthened Tuesday after Canadians voted for Liberal Party leader Justin Trudeau as the country’s new prime minister in the federal election...
U.S. stocks opened slightly lower on Tuesday as investors digested a slew of earnings reports and better-than-expected housing data...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition. The price is breaking ascending triangle pattern from below to above with Fibo resistance level at 0...
USDJPY: The pair’s recovery triggered off the 118.05 level on Oct 15 2015 remains intact and intact. The immediate risk is for USDJPY to retarget its range top at 121.23 zone. On the upside, nearby resistance stands at the 120.00 level. Above here will aim at the 120...
On Tuesday gold futures were little changed, after data indicated the number of housing starts issued in the U.S. rose more than expected in September, while building permits fell more than forecast, providing a blurred picture of the economy and adding to uncertainty over the timing of a U.S...
Stop adding junky stocks to your portfolio, says strategist Adam Parker and his team at Morgan Stanley...
Oil futures steadied from their overnight lows in choppy trade on Tuesday, as traders moved past dim economic data from China to pay attention to supply...
The Three Drives Pattern, Although it was not specifically identified, one of the first references to a Three Drives pattern was outlined in Robert Prechter’s book, “Elliot Wave Principle.” He described the general nature of price action that possessed either a three-wave or a five-wave structure...
W1 price is located to be above 200 period SMA and above 100 period SMA for the primary bullish market condition with the secondary ranging between the following key support/resistance levels: 116.09 key support level, and 125.85 key resistance level...
Trading recommendations – HERE! Overview and Dynamics Today, 13:00 (GMT + 3) tomorrow 20:00 calendar planned speech by Bank of England Governor Mark Carney...
Gold futures were slightly higher on Tuesday as market players awaited reports on the U.S housing sector later in the day for further hints on the strength of the economy and the future path of interest rates...
