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According to the Markit Purchasing Managers' Index, manufacturing output in Ireland has risen to its highest level in more than 15 years. Ireland's PMI was pushed to 57.5 in February, due to accelerated growth in both new orders and production. A figure above 50 suggests expansion, says BBC...
On Tuesday the kiwi dollar was higher against its U.S. peer, as demand for the greenback declined after Monday's upbeat U.S. economic reports sparked expectations for a rate hike in the near future...
Current trend Brent crude oil grew substantially at the end of the last week due to aggravation of the geopolitical situation. Quotes rose above a level of $62, but Brent again failed to consolidate at that level owing to US increasing oil products stocks...
Barclays banking group has reported a 12% rise in full-year pre-tax profits, says BBC...
The strong franc hurts Swiss companies, as it made their products more expensive in foreign markets and reduced the franc value of repatriated earnings. Bühler AG, which makes industrial food-processing machines in northeast Switzerland, exemplifies the problem...
On Tuesday stock markets in Asia were mostly lower, despite markets in the US, where both the Dow Jones and the S&P 500 closed at all-time highs...
GBP/USD Technical Strategy: Flat Support: 1.5322, 1.5180, 1.5117 Resistance: 1.5426, 1.5551, 1.5601 The British Pound broke downward against the US Dollar as expected after putting in a Bearish Engulfing candlestick pattern. A daily close below the 14.6% Fibonacci expansion at 1...
EUR/GBP Technical Strategy: Short at 0.7341 Support: 0.7219, 0.7131, 0.6989 Resistance: 0.7290, 0.7324, 0.7361 The Euro may be preparing to turn higher against the British Pound having put in a Bullish Engulfing candlestick pattern...
USD/CAD Technical Strategy: Flat Support: 1.2328, 1.2181, 1.2035 Resistance: 1.2523, 1.2646, 1.2827 The US Dollar remains locked in a familiar range below the 1.27 figure against its Canadian counterpart after turning lower as expected. A daily close below the 1.2328-81area marked by the 38...
AUD/USD Technical Strategy: Flat Support:0.7715, 0.7638, 0.7469 Resistance:0.7899, 0.8069, 0.8343 The Australian Dollar may be readying to resume the down trend against its US counterpart after putting in aBearish Engulfing candlestick pattern. Near-term range support is at 0...
On Tuesday the Australian dollar rose, as the Reserve Bank of Australia held the cash rate steady at 2.25%, a record low, but signalled it might move to cut further to spur growth...
Entries & Exits: Visits to 16 Trading Rooms by Alexander Elder Come behind closed doors and see real trades made by real traders. Dr. Alexander Elder leads you into 16 trading rooms where you meet traders who open up their diaries and show you their trades...
For today R4 - 0.7914 R3 - 0.7880 R2 - 0.7836 R1 - 0.7796...
Although there has been much press recently about the US Dollar loosing its status, there is no doubt that as of this lesson and most likely for the foreseeable future, the US Dollar still reigns supreme over all other currencies of the world...
When looking at the Top 15 in the Monthly Ranking and Rating list provided here we can see that for the coming month the following stronger currencies are well represented for going long: GBP(5X), USD(4x) and the CHF(3X...
For today R4 - 1.5621 R3 - 1.5588 R2 - 1.5554 R1 - 1.5480...
Many traders know NRTR indicator and some of us are using it in our trading systems. What is NRTR? if I am not mistaken - NRTR is Nick Rypock Trailing Reverse) and the theory behind it is the following (see image): This Nick Rypock concept was invented in 2001 by Konstantin Kopyrkin...
Support & Resistance for NZD/USD (SIGNAL) For today R4 - 0.7712 R3 - 0.7690 R2 - 0.7619...
Like I wrote in the previous post about EURUSD, this pair is currently ranging and seeing both selling on the tops, and buying on the bottoms (ie near the support). So the strategy should be to wait for prices to come either near the support or resistance, and trade accordingly...
