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Gold and technical patterns go hand in hand in the market. Many believe that gold finds more power in movements from technical patterns than fundamentals and I'm generally inclined to agree with them on that, except when it comes to FOMC and Non-farm payroll days...
U.S. stocks wobble on Friday, after a five-day decline in the Standard & Poor’s 500 Index, as gains in energy shares counterbalance fallout from the Swiss currency shock and investors assessed the latest batch of economic and earnings reports...
On Friday, the US dollar rose against the Swiss franc, regaining ground after Thursday's three-and-a-half year lows, as markets digested the Swiss National Bank's unexpected monetary policy statement made that day...
The Euro may be carving out a bottom against the US Dollar as positive RSI divergence warns of ebbing downside momentum. Even the RSI 14 MA is also piercing the 30 line which marks the entrance towards the bearish zone on a Monthly Chart. Near-term resistance is at 1...
Currency trading platform Forex.com on Thursday suspended trading in Swiss francs due to the surge in franc volatility after the Swiss National Bank unexpectedly abandoned the currency's exchange rate cap against the euro...
Weekly digest compiles the latest news from the world of stocks and finance, currency forecasts, as well as interesting informative articles for traders. Top news of the week: the SNB move, eurozone deflation and uncertainty about the Greek elections - recent shocks hit the eurozone currency...
A marked slowdown in the U.S. Consumer Price Index (CPI) may trigger a short-term squeeze in EUR/USD should the development dampen the Federal Open Market Committee’s (FOMC) scope to normalize monetary policy sooner rather than later...
The Currency Wars are still playing out Everyone knows that it’s illegal for the average ‘Joe Punter’ to partake in insider trading. Central banks have no such restrictions...
Netherlands Stockholder Association’s Director Paul Koster recently requested the central bankers to immediately ban the cryptocurrency Bitcoin. According to a report published on Dutch news service BNR, Koster deliberately chose the Bitcoin’s worst trading phase to throw tantrums over it...
A rout driven by lower energy costs and on speculation demand will weaken in China, the world’s largest metals user, sent copper down. The metal fell 7.4 percent this week after tumbling to the lowest since 2009...
The US Dollar remains in digestion against its Canadian namesake but negative RSI divergence hints a turn lower may be in the cards. A daily close below the 76.4% Fibonacci expansion at 1.1928 exposes the 61.8% level at 1.1858. Alternatively, a push above the 100% Fib at 1...
Asian shares dropped with U.S. index futures as the surprising move from Switzerland abandoning the franc’s cap extended into a second day...
For today R4 - 1.1792 / R3 - 1.1751 / R2 - 1.1728 R1 - 1.1666 SPOT 1.1632 S1 - 1.1568 / S2 - 1.1505 / S3 - 1.1466 / S4 - 1.1445 SELL AT 1.1673 FOR 1.1445, REVISED STOP AT 1.1751...
GBPUSD - With GBP Holding on to most of recovery gains, it faces the risk of further upside pressure. On the upside, resistance resides at the 1.5300 level with a break aiming at the 1.5350 level. A violation will aim at the 1.5400 level and possibly higher towards the 1.5450 level...
For today R4 - 0.7977 / R3 - 0.7947 / R2 - 0.7927 / R1 - 0.7890 SPOT 0.7832 S1 - 0.7780 / S2 - 0.7766 / S3 - 0.7695 / S4 - 0.7682 BUY AT .7785 FOR .7947; STOP AT .7695...
USDCAD - USDCAD continues to build up on more upside pressure medium term though it was seen backing off higher prices on Tuesday. On the upside, resistance is seen at the 1.2000 level followed by the 1.2050 level. Further out, resistance comes in at the 1.2100 level where a turn lower may occur...
The dollar rallied from .85 to .92 as the 10 year bond yield went from 2.62% in September to 1.83%. Gold is recovering from its early November lows at $1,140 as it almost touched $1,250 this week...
A-Hole Move & Extremely Poor Decision Making Skills Exhibited by the Incompetent People Who Run the Swiss National Bank! The Following Charts Display Major Currencies that Trade Against the CHF. Google+ Link Twitter Link Part 1 Twitter Link Part 2...
EXCEL MARKETS - CRITICAL NOTICE 15 Jan 2015 The dramatic move on the Swiss franc fueled by the Swiss National Bank's unexpected policy reversal of capping the Swiss franc against the euro has resulted in rare volatility and illiquidity...
In an unprecedented move, which throws SNB credibility out of the window, the Central Bank decided to announce an end to its 1.20 EUR/CHF protective floor, while cutting interest rates to -0.75...
