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There’s a bearish “Shooting Star” at the local high. If it confirms, the price is likely going to get a support on the nearest Moving Averages. As we can see on the Daily chart, the middle of the last huge black candle acted as a resistance again...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:49 #usd/jpy
There’s a consolidation above the 55 Moving Average, which brought a “Harami” and a “Doji” patterns. Therefore, the price is likely going to test the nearest resistance line once again. If we have a pullback from this level, then bears will likely try to deliver a new low...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:48 #EUR/USD
The Bank of Japan is on the verge of making negative interest rates the centerpiece of its future monetary easing by simply shifting its prime policy target from base money to interest rates at its review next week...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:46
China's graft watchdog disclosed a bunch of serious problems at the country's securities regulator for recent years, such as illegal share trading by officials' family members, thus helping the head of the regulator to vow to suppress corruption...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:43 #China
On Wednesday, Asian shares were mostly mixed on weakness in American equities as well as continued concerns that global major banks will soon reverse their easing schemes. Japan’s Nikkei Stock Average tumbled 0.2%. The Shanghai Composite Index lost 0.3%, while the Hang Seng Index soared 0.2...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:42
On Wednesday, the Japanese yen weakened during Asia trade, as traders reacted to a report on probable changes to the Bank of Japan's easing policies, while the New Zealand dollar rebounded after a wider than expected current account deficit. The currency pair USD/JPY traded at 103.05, rising 0...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:41
On Wednesday, crude oil held early revenues in Asia after American industry data revealed a lower than expected build in stockpiles. In New York, October delivery crude futures edged up 0.40%, hitting $45.08 per barrel, while in London, November delivery Brent futures soared 0.15%, trading at $47...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:40 #Brent
On Wednesday, the New Zealand dollar held weaker in Asia after a wider than expected current account deficit with traders increasingly focused on major bank board gatherings next week in America and Japan...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 17:38
Federal Statistical Office reported on Tuesday that Switzerlands producer and import prices slid 0.4 percent year-on-year in August, following Julys 0.8 percent decrease. A similar pace of decline was last seen in December 2013...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 16:45
Scalping with IMPULSE or ACCELERATION OF CURRENCY STRENGTH The principle idea is buying strength and selling weakness. This is a fundamental strategy for investors in all marketplaces. Most amateur retail traders in Forex either ignore this winning strategy or are unaware of it...
Scalping
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Bernhard Schweigert, 14 September 2016, 16:06 #scalping, Trading, forex
Economists are less optimistic about Singapore’s economic outlook for next year, according to an official survey of forecasters. The September survey of professional forecasters in mid-August found that economic growth next year was expected to come in at 1...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 16:04
As of August 2016, 113 companies have defaulted worldwide, according to Standard & Poors Fixed Income Research. The figure is the highest for a year since 2009, the time of great recession. in 2009, 208 companies defaulted...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 15:50
Official figures released earlier on Tuesday showed that UK inflation in August was stable at 0.6 percent on the year, unchanged from July. Economists had predicted a rise to 0.7 percent, while the Bank of England forecast the headline rate would climb to 0.8 percent...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 15:34
In its September report published on Tuesday, the International Energy Agency (EIA) said that global oil demand growth is slowing at a faster pace than initially predicted. The IEA had previously expected the market to show no surplus in the second half of this year...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 15:23
The GBP/USD pair fell as low as 1.3190 in the early US session after data showed Britains annual consumer price inflation rate for August came below expectations. The annual rate of consumer price inflation was unchanged at 0...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 15:23 #GBP/USD
Metal pack is down today. Performance this week at a glance in chart & table - Gold: Gold is down as risk aversion fades. Today’s range $1322-1332 We expect gold to reach $1520 Gold is currently trading at $1326/troy ounce. Immediate support lies at $1300 and resistance at $1395 area...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 15:19
The KRW has rallied significantly in the past three months; typically this would mean sharply lower implied vol and skew. KRW implied vol (1m to 1y) is in the upper half of the 5-year range whereas 25d risk reversals are at the bottom end...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 15:16
Crude prices extend losses Tuesday on the bearish report by IEA. In its September report, the IEA noted a slowdown in demand. As a result, the market is likely to remain oversupplied next year. Its 2016 forecast for demand cut by 100,000 bpd; 2017 by 200,000 bpd...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 15:16 #WTI
Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table. Oil (WTI) – WTI is down today as OPEC and IEA report warns on supply. Today’s range $46.2-45 WTI is currently trading at $45.2/barrel. Immediate support lies at $42 area and resistance at $50.2 area...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 15:13
Dollar index trading at 95.35 (+0.24%) Strength meter (today so far) – Aussie -0.74%, Kiwi -0.71%, Loonie -0.93% Strength meter (since last week) – Aussie -0.20%, Kiwi -0.19%, Loonie -0.88% AUD/USD – Trading at 0.752...
Analytics & Forecasts
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Eko Rediantoro, 14 September 2016, 15:07