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Given the solid pick up in the Canadian economy the likelihood that the Bank of Canada rises interest rates by 25bp Sept 6th policy meeting has increase significantly. Exemplified by the strong 2Q GDP report, which indicated at 4.5% growth rate, the economy has expanded past the BoC projections...
Market News
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Jiming Huang, 5 September 2017, 13:25
As widely anticipated the Reserve Bank of Australia left the cash rate target unchanged at record low 1.50%. As usual the statement was quite balanced as Philip Lowe wants definitely to avoid fuelling further Aussie appreciation...
Market News
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Jiming Huang, 5 September 2017, 13:23
Daily economic digest from Forex...
Analytics & Forecasts
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EEAnalytics, 5 September 2017, 12:27
//+------------------------------------------------------------------+ //| Calculate all pending orders for currebt symbol | //+------------------------------------------------------------------+ int CalculateAllPendingOrders() {...
Analytics & Forecasts
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Jatin Patel, 5 September 2017, 11:43
USD/CHF The pair reached the local support in the area of 0.9550. Technically, a confident breakthrough below will speed up the sale, however in the long term the main support is at the level of 0.9450. USD/JPY The pair fell to 109.30 today and may move beyond the level of 109.00...
Analytics & Forecasts
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Real Trade, 5 September 2017, 10:19
USD/JPY The pair closed at 110.25 on Friday, but this morning it was opened with a fall. A quick and strong recovery from the low seems to be able to close the gap, but a stable move above the 110.25 seems unlikely. Support is located at 109.50, followed by a minimum of 109.30. EUR/USD...
Analytics & Forecasts
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Real Trade, 4 September 2017, 15:45
The GBP fall against the Euro continued today reversing last week’s marginal bullish reversal. The sterling verse the euro is now close to its historical low in trade related term. A reality that is not lost on the Bank of England...
Market News
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Jiming Huang, 4 September 2017, 15:09
Once again investors started the week on the back foot as geopolitical tensions escalate over the week-end. With the exception of Chinese equities, which enjoyed a smooth session on Monday, global equities slid in negative territory. The Nikkei was off 0.93%, while the broader Topix index fell 0...
Market News
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Jiming Huang, 4 September 2017, 15:03
Gap lower. (By Peter Rosenstreich) • Bitcoin has set a new all-time high but declined today confirming increasing selling pressures. Monitor the key support at 4480. Strong support...
Analytics & Forecasts
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Jiming Huang, 4 September 2017, 14:42
Challenging the key resistance at 47.15. (By Peter Rosenstreich) • Crude oil is showing some buying interest near key support at 45.46. Strong resistance can be found at 50.41 (31/07/2017). Hourly support is...
Analytics & Forecasts
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Jiming Huang, 4 September 2017, 14:38
Bulls take-out resistance at 17.75. (By Peter Rosenstreich) • Silver has broken its key resistance at 17.75 opening the way for a test of the strong resistance at 18.65 (17/04/2017 high) while...
Analytics & Forecasts
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Jiming Huang, 4 September 2017, 14:30
Dominate bullish pressure. (By Peter Rosenstreich) • Gold is strengthening with a sizable bullish gap on at the open. Hourly support is given at a distance 1251 (08/08/2017 low). Stronger support...
Analytics & Forecasts
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Jiming Huang, 4 September 2017, 14:25
Uptrend line holds. (By Peter Rosenstreich) • EUR/CHF uptrend is supporting the pair bullish momentum. Hourly resistance lies at 1.1538 (04/08/2017 high). Hourly support is located at...
Analytics & Forecasts
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Jiming Huang, 4 September 2017, 14:22
Monitor the key support at 0.9142 (By Peter Rosenstreich) • EUR/GBP's has weakened thru uptrend but support at 0.9142 should hold. Hourly resistance lies at 0.9306 (29/07/2017 high). Hourly support is...
Analytics & Forecasts
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Jiming Huang, 4 September 2017, 14:07
Rising towards the strong resistance at 0.7986. (By Peter Rosenstreich) • AUD/USD has bounced off uptrend support, opening the way for a test of strong resistance at...
Analytics & Forecasts
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Jiming Huang, 4 September 2017, 14:02
Trying to bounce near the old support at 1.2414. (By Peter Rosenstreich) • USD/CAD selling pressures are back after breaking hourly support at 1.2414 (27/07/2017...
Analytics & Forecasts
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Jiming Huang, 4 September 2017, 13:53
Bouncing. (By Peter Rosenstreich) • USD/CHF is trading mixed with strong volatility. Strong resistance is given at 0.9771 (15/06/2017 high). The pair is likely to head...
Analytics & Forecasts
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Jiming Huang, 4 September 2017, 13:49
Preparing to challange support. (By Peter Rosenstreich) • USD/JPY further declined today confirming increasing selling pressures. The pair has failed to test resistance at 111.05 (04/08/2017 high...
Analytics & Forecasts
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Jiming Huang, 4 September 2017, 13:47
Grinding higher. (By Peter Rosenstreich) • GBP/USD is recovering after its recent massive sell-off. Monitor the test of resistance at 1.2995 (01/09/2017). Hourly support is given at 1.2774...
Analytics & Forecasts
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Jiming Huang, 4 September 2017, 13:45
Consolidation. . (By Peter Rosenstreich) • EURUSD is consolidating after massive bullish rally. Hourly resistance can be found at 1.2070 (29/08/2017 high) while hourly support lies at...
Analytics & Forecasts
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Jiming Huang, 4 September 2017, 13:34