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Price action near resistance at 17.25 should tell us all we need to know. If the futures push easily past it, expect the rally to continue over the near term to at least 18.40...
Swiss consumer prices dropped the most in almost three years in March as the strong local currency lowered the cost of imports...
On Wednesday the British currency was higher versus its US rival, as demand for the greenback weakened ahead of the minutes of the Federal Reserve's latest policy meeting due later in the day...
Nifty Market Indian indices are expected to open in green with the SGX Nifty, an indicator of pre-market opening, up around 17 points to 8744...
On Wednesday Japanese shares scaled 15-year peaks with Hong Kong's market touching seven-year highs amid speculation of more stimulus from China and Japan, as well as a delayed start to any tightening by the U.S. central bank...
Iran has been approved as a founding member of the Beijing-led Asian Infrastructure Investment Bank (AIIB). The decision was made by existing members, including China, Britain, France, India and Italy, Reuters says...
The US Dollar is attempting to launch a recovery after finding support below the 0.95 figure against the Swiss Franc. Near-term resistance is at 0.9746, the 14.6% Fibonacci expansion, with a break above that on a daily closing basis exposing the 23.6% level at 0.9910...
On Wednesday gold prices dipped in Asia as investors were estimating U.S. data for signs wether recent downbeat figures were seasonal and related to a harsh East Coast winter rather than a general slowdown...
EURUSD correlation with both pairs USDCHF and NZDUSD is very strong. EURUSD holds positive correlation with NZDUSD in an hourly time frame ONLY while it establishes strong negative correlation with USDCHF pair both in an hourly and daily time frame...
Top ex-employees of the top companies are joining Bitcoin startups and even existing Bitcoin companies; the new name to the list is the former Chief Information Officer of Nike, Anthony Watson. According to the sources he has taken a new job with a Bitcoin startup company called BitReserve...
EUR/NZD: Short One position that was opened on March 26 is still open for the pair. The pair is still consolidating after the pullback a few weeks ago but the downtrend can resume again any moment...
US DOLLAR TECHNICAL ANALYSIS Prices turned lower as expected after prices produced a bearish Evening Star candlestick pattern. A daily close below the 11858-86 area (March 18 low, 23.6% Fibonacci retracement) exposes the 38.2% level at 11679...
I've been trading for 14 years now and have noticed that all starting traders want to triple their account every month, this is just not realistic in the long run without blowing up an account...
For today R4 - 1.1115 R3 - 1.1052 R2 - 1.0997 R1 - 1.0965 SPOT 1.0935 S1 - 1.0906 S2 - 1.0864 S3 - 1.0836 S4 - 1.0795 LONG AT 1.0850 FOR 1.1115; STOP AT 1.0790 How to trade support & resistance levels To see more ideas, check my blog Or follow on Twitter...
China’s economy, the second largest in the world, is increasingly powered by technology — just like the rest of us. But because China essentially has two Internets, its tech companies have had relatively unchallenged access to 632 million (and growing) Internet users...
Though the details remain sketchy as to whether it was a robbery — stealing when people are there — or a burglary — stealing when they are not, the first U.S. bank robbery of note was recorded on March 19, 1831, and involved a theft from the City Bank of New York in the sum of $245,000...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, and NZD/USD. EUR/USD: The range play will likely continue but we don't see many reasons to be long. Sell near 1.1000 with stops at 1.1055. AUD/USD: Buy current dips to 0.7650-60 with stops below 0...
Crude oil is priced in terms of regional blends, each with different characteristics. Traders follow certain blends that reflect the overall value of oil. From about 161 different types of crude oil traded all over the world, the four primary benchmarks are noteworthy to mention...
I would like to thank many of you for your valuable feedbacks. We hear your comments, and we have listened to your concerns. Drawdown is an issue for all traders, and we have revised our EA per your recommendation...
