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USDJPY: USDJPY lost its downside momentum to close higher on a long-tailed candle on Thursday. This development leaves risk higher with a possible run at the 119.50 level. Above here will clear the way for more strength build up towards the 120.00 level with a break targeting the 120.50 level...
INTRODUCTION I’m going to do this very first post about a subject that I really love, that is, technical indicators to analyze the market, specifically the Cycle Period Indicator which was introduced by John Ehlers...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, and AUD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: The close above 1.1460 signals room for further upside squeeze towards 1.1580...
The environment seems to be perfect for the euro to get lower: deflation is right around the corner, recent economic data pointed to a weak growth, and the European Central Bank (ECB) is expected to expand its QE program. However, the shared currency is hardly impacted by any of those...
W1 price is located to be above 200 period SMA and above 100 period SMA for the primary bullish ranging between 23.6% Fibo support level at 118.41 and 61.8% Fibo resistance level at 122.11: 23.6% Fibo support level at 1...
U.S. stocks opened higher Thursday as investors weighed earnings from big banks and economic data...
AUDUSD: The pair turned lower ahead of its overhead resistance at the 0.7381 level during Thursday trading session. This suggests on continued trading below the mentioned support, further bear threats cannot be ruled out. On the downside, support comes in at the 0...
U.S. consumer prices logged their biggest drop in eight months in September as the cost of gasoline fell, however, a steady ascent in the prices of other goods and services signaled inflation was starting to firm. The U.S. labor market also showed some good numbers...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition with the secondary ranging between 50.0% Fibo resistance level at 1.5522 and Fibo support level at 1.5089: 23.6% Fibo support level at 1...
Gold prices hit a 3.5-month high on Wednesday jumping to major technical resistance levels. One veteran precious metals analyst interviewed by Kitco News says the uptrend may continue, but the upside is limited...
Overview and Dynamics Yesterday's US data on retail sales and production prices for September, released worse than expected, led the US dollar down in value against most major currencies. The fall of USD / JPY almost 100 points today continued with the opening of the trading day...
If optimism towards European stocks was afloat even after China's currency blow, the Volkswagen emission scandal wiped it out almost completely...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and NZD/USD. EUR/USD: run into resistance into 1.1500 and we prefer playing it from the short side...
The Federal Motor Transport Authority, a German regulator, has ordered Volkswagen to recall 2.4 million vehicles, Reuters said earlier Thursday...
The euro was put under pressure on Thursday, with EUR/USD retreating from seven-week highs, after European Central Bank official Ewald Nowotny said fresh moves to bolster price growth in the euro area are necessary...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish ranging between 61.8% Fibo support level at 1.1152 and Fibo resistance level at 1.1713: 38.2% Fibo support level at 1.1368 is going to be crossed by the price from below to above for the 1...
On Thursday U.S. oil futures edged lower amid concerns weekly supply data to be released later in the day will show U.S. crude inventories rose faster than expected last week...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, October 15th EUR/USD surges to monthly high amid downbeat US retail sales data. The retail sales MoM figure showed just 0.1% growth, while core retail sales contracted 0.3%. The PPI also declined 0.5...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition for ranging between 0.7591 resistance level and 0.6935 support level: the price is trying to cross 0.7441 resistance and 0...
