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Russian Deputy Prime Minister Igor Shuvalov on Friday said floating the ruble was an extremely painful but necessary step. "We believe that [free floating the ruble] was done extremely painfully, but completely justified and correct," Shuvalov said during a parliamentary session...
The Gold metal advanced to cap at $1306.67 the previous week and yesterday declined to support at 1252.06. The precious metal is in an uptrend as indicated by the rising trend line. Moreover, we see that the Gold found support at the 20 Simple Moving Average and at the 38...
EUR/USD remains in the low-1.1300s following the release of the preliminary inflation figures in the euro area for the current month. EUR/USD around 1.1315/20 Nothing out of the ordinary from the CPI figures in the euro bloc...
For today R4 - 1.5240 / R3 - 1.5223 / R2 - 1.5161 / R1 - 1.5132 SPOT 1.5072 S1 - 1.5018 / S2 - 1.4952 / S3 - 1.4907 / S4 - 1.4886 SELL AT 1.5130 FOR 1.4886; STOP AT 1.5240...
The advance U.S. 4Q Gross Domestic Product (GDP) report may generate a larger rebound in EUR/USD should the fresh batch of data highlight a slowing recovery in the world’s largest economy...
Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders. Top news of the week: EU extends Russia sanctions. How far the economic wars can go...
The eFXnews Team shares SEB’s technical outlook for AUD/USD, with SEB predicting the pair to bounce higher from 0.7720 before resuming lower. Key Quotes “After the strong rejection lower on Wednesday the market has both rechecked and validated the break of the very important 0...
Yanis Varoufakis, member of Syriza, has just been named Finance Minister of the new Greek Government. He was interviewed several times on FXStreet back in 2011 and 2012...
Derek Halpenny, European Head of GMR at Bank of Tokyo-Mitsubishi UFJ, reviews the recent Q4 foreign exchange reserve holdings data released by SNB, noting the central bank actually increased euro buying modestly in Q4...
The FXMarketAlerts Team shares that AUD/USD is now eyeing the 0.7720 low, with the pair weighted down by falling commodities and RBA rate cut expectations. Key Quotes “AUD/USD at 0.7777/79, running into selling interest ahead of 0.7800. With focus on 5-half year lows of 0.7720. Then 0.7700 handle...
In this lesson we are going to learn about the Average directional Index (ADX), an indicator which helps traders determine when the market is trending, how strong or weak a trend is, and when a trend may be about to start or reverse...
Both the Australian dollar and the yen gained in Asia on Friday on data sets that showed mixed economic trends but generally within expectations...
Emmanuel Ng, FX Strategist at OCBC Bank, views the dovish hints from BOE members to drive GBP/USD towards 1.5000 levels in the near-term. Key Quotes "The GBP-USD remained particularly susceptible to dollar cues despite the EUR stabilizing on Thursday with cable dipping briefly below 1.5050...
According to the latest Reuters poll, 18 economists out of 25 expect the RBA on hold next week, while the rest (7) are calling for a rate cut. Meanwhile, according to a Bloomberg survey, 6 out of 27 economists see RBA rate cut in February, with 12 expecting a rate cut in March...
Australia stocks shimmied higher in early Friday trading, with a sharply weaker Aussie dollar helping lift many of the resource names, except for the gold miners. The S&P/ASX 200 XJO, +0.34%had risen 0.5% about half an hour into the session, building on the previous day's 0...
Gold prices on Comex advanced in the Asian session, recovering from fresh two week lows reached in the previous session largely as Fed stays on its course to raise interest rates as early as mid-2015. Currently, gold trades higher by 0.44% at 1261...
Analysts at Societe Generale, view NZD/USD set for a deeper correction, expecting the pair to head towards 0.6870 levels in 1-3 months. Key Quotes “The pair has confirmed a multi-month head and shoulder (daily chart) and is evolving within a descending channel...
We should now have a good understanding of how to spot trends in the forex market, stock market, and futures market. Now lets tie everything together we have learned thus far with the final concept - Multi Time frame analysis...
Born in 1942, Jim Rogers had his first job at age five, picking up bottles at baseball games. Winning a scholarship to Yale, Rogers was coxswain on the crew. Upon graduation, he attended Balliol College at Oxford. After a stint in the army, he began work on Wall Street...
