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Click on my name above to find out I have tried everything . You name it Trend Following, Harmonics, Square Waves, Renko, Ichumoku, Fibonacci to name a few of my favourites. Nothing however works as well as the entry points my EA finds...
The South China Morning Post report that as MyCoin, a Hong Kong-based Bitcoin trading company, has shut down its operations, nearly 3,000 local investors may have lost combined value of more than HK$3 billion...
The Euro is trading higher Thursday as investors welcomed that Greece will receive assistance from the ECB for banks and the announcement of the agreement for a ceasefire in Ukraine. Furthermore, the ECB's Constancio said the stimulus plan and cheaper oil will boost the european economy...
Analysts at Scotiabank noted how the USD reacted to a cease fire in Ukraine, a lack of agreement over Greece, negative rates and QE in Sweden & a slight hawkish shift at the BoE. Key Quotes: "FX competitive devaluations still an important market theme; and supports ongoing USD upside risk...
A continuation of the increasing buying interest is now lifting EUR/USD above the 1.1400 handle, printing fresh weekly highs at the same time...
The European Central Bank decided to increase the amount of emergency liquidity assistance (ELA) that can be provided to Greek banks, according to media reports. The ECB authorized the ELA as a temporary expedient when it stopped accepting Greek bonds as collateral for funding last week...
AUD/USD is currently trading at 0.7719 with a high of 0.7731 and a low of 0.7644. AUD/USD is recovering the losses from overnight and the jobs data, that will be alarming for the RBA, sending the Aussie down across the board. Versus the dollar, the Aussie dropped down to 0.7644 from the 0...
EUR/USD jumped to 1...
Talking Points: USDOLLAR continues to fail at new highs between 11850-11900 Trend support keeps bulls in control, but for how much longer? Sentiment measure shows record extreme in longs vs...
Valeria Bednarik, Chief Analyst at FXStreet, notes that technicals suggest the short-term picture for cable favours the upside. Key Quotes “The GBP/USD surged to a fresh 6-week high around 1.5387 finding support in a relatively hawkish BoE Quarterly Inflation Report...
The NZD/USD pair recovered losses during the US session to trade above 0.74 levels. The Kiwi had weakened earlier today due to a disappointing New Zealand manufacturing activity data...
Vladimir Miklashevsky, Economist at Danske, maintains the outlook for rouble, noting that the currency will remain driven by oil. Key Quotes “Before the talks in Minsk began, the rouble market switched from ‘the oil mode’ into a ‘headline driven’ one...
Crude prices in the US gained almost 5% as a weak USD and spending cuts in oil industry overshadowed the concerns of supply glut. WTI trades above USD 51/barrel At the time of writing, WTI Crude march futures traded at USD 51.27/barrel...
Valeria Bednarik, Chief Analyst at FXStreet, shares the technical setup for EUR/USD, with the pair making a new high at 1.1374 as market sentiment flips towards risk appetite...
Gold prices struggle to extend gains despite a fall in the US Treasury yields post a weaker-than-expected US retail sales data and a rise in the weekly initial jobless claims figure...
On Thursday oil prices rebounded more than $1 to $56 a barrel, after a two-day decline, as a weakened dollar and industry spending cuts offset fears of a supply glut. The agreement to halt months of deadly fighting in Ukraine also weighed...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes that EUR/USD trades within its multi-week range, in need of a catalyst for further direction. Key Quotes “The focus has been the cease fire agreement in Ukraine combined with the outlook and potential paths for Greece...
On Thursday the dollar edged lower against its counterparts, after the release of weak U.S. retail sales and jobless claims data. At the same time, fears over Greece's bailout crisis continued to drive safe-haven demand...
Shares of First Solar surged nearly 5% on the news and continued to rise in the after-hours trading session; Apple, too, saw its stock gain on the news, closing for a 1.9% gain and a market cap above $700 billion...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, notes that the short-term technicals for USD/CAD are mixed, as the pair trades stronger, but within its multi-week 1.2314-1.2799 range. Key Quotes “CAD is stronger, up 0.6% but trading at the midpoint of its multi week range of 1...
