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The next major tradable event is release of meeting minutes from the FOMC’s recent decision on monetary policy (7:00pm GMT). Our long-dollar bias remains intact. Current Market Sentiment: During yesterday’s NY session US CPI came in close to expectations overall; headline CPI for October was 0...
The Australian dollar fluctuated between small gains and losses on Wednesday as wage-price data came in as expected. Meanwhile, global stocks were mixed after the news a football stadium in Germany was evacuated on suspicions of a new act of terrorism...
GBPUSD: The pair failed to follow through lower on the back of its Monday losses to close higher on Tuesday. This price action now sees the pair eyeing further a move higher. On the upside, looks to retarget the 1.5254 level where we may see a price halt. Further out, resistance resides at the 1...
Daily price is on the primary bullish market condition located above Ichimoku cloud and 'reversal' Senkou Span lines within the following fundamental support/resistance levels: 1.3456 resistance level located far above Ichimoku cloud in the primary bullish area of the chart, and 1...
The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: Our bearish view was encouraged by the break below initial targets near 1.0660. Our next targets are towards 1...
Only good strategy is not enough to make money, you must need a good platform also to successfully run your strategy. A good platform is the best friend for your good strategy. Forex trade is a profitable business...
Analysts at Brown Brothers Harriman predict December to become “a month to remember,” with market players awaiting the Federal Reserve and European Central Bank to diverge. Meanwhile, analysts at BNP Paribas predict euro-dollar parity citing the cross-currents of Fed and ECB December expectations...
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Deutsche Bank made a short forecast suggesting to sell NZD/JPY for this week so let's evaluate the situation with the technical point of view. NZD/JPY: weekly bearish reversal...
U.S. stocks opened slightly higher on Tuesday, following rising global equities, as well as economic data from the U.S...
Official data released on Tuesday showed that in October consumer price inflation in the U.S. increased in line with expectations...
W1 price is continuing with bullish trend: the price broke symmetric triangle pattern to above for the primary bullish market condition to be continuing. The price is ranging within the following key support/resistance levels: 2...
GBPJPY: The cross is closing in on its key resistance at the 187.68/00 levels after closing strongly higher on Monday. This upside view is consistent with its short term recovery triggered off the 184.26 level on Nov 06 2015. On the downside, support comes in at the 186...
Click here to see previous forecast. EURUSD (15 min. chart) - forecast checking: EURUSD (1 hour chart) - forecast checking: EURUSD (4 hour chart) - forecast checking: EURJPY (15 min. chart) - forecast checking...
The greenback has risen to a seven-month high against the euro on Tuesday with several financial companies predicting euro-dollar parity in the near future...
Iron ore slid to a four-month low on mounting concerns that declining steel production in China will offset demand...
Trading recommendations and Technical Analysis – HERE! On Monday released a weak report on shipments in the manufacturing sector. The volume of industrial supplies fell in September by 1.5% against growth of 0.1% forecast and a decline of 0...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, NZD/USD, and USD/CAD. EUR/USD: We prefer staying short below 1.0680/1.0700...
The European Commission has just backed France’s decision to increase security spending at the expense of deficit reduction...
