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Euro Zone Sentiment Improves As ECB Opens Qe Tap Euro Zone sentiment report showed confidence improved as European Central Bank unveiled new stimulus, more so due to its inclusion of corporate securities. However Brexit possibilities seem to be weighing...
USD/JPY: At the 18-Month Lows Again Review and dynamics The forecast we provided in the previous review turns out to be correct (if investors feel disappointed with the Bank of Japan’s decision and comments by the US Fed this week, the pair will continue to decline to the recent lows of 108.00...
EUR/USD Testing Highs Near 1.1360, German CPI Eyed The risk-off sentiment intensified in the European session, lifting EUR/USD from near 1.1340 region back towards daily highs heading into the nationwide German CPI report. EUR/USD eyes 1.1400 Currently, EUR/USD trades +0.32% higher at 1...
FOMC Monetary Policy: Assessing the Bias FOMC yesterday announced decision of its April’s policy meeting to keep interest rates unchanged and keep it in range of 0.25-0.5%. Let’s look at the monetary policy statement details to assess the bias towards future policy adjustments...
FxWirePro: BTC/USD Takes Support Near 21 Day MA, Good to Buy at Dips Major resistance -$470 BTC/USD has broken minor support $450 and declined till $435at the time of writing. It is currently trading around $448...
EUR/GBP Fails to Clear 0.7800 Handle The EUR/GBP pair attempted to extend yesterday's recovery but failed to clear 0.7800 handle and has now dropped to 0.7775 level. On H4 chart, the pair has been trending lower within a short-term descending trend-channel formation...
In our April 24 trade signal, NZDJPY: Short-Trade Setup!, we started a short position at 76.50 with a stop-loss above the previous high at 77.25. After a series of a-b-cs in the highs and after we got stopped from our short for 10 cents, we are closing the short as... Read More...
We as Elliotticians "fear" one thing: Wave 4. It is the hardest thing to be determined, especially when it begins and when it ends. Wave 4 takes many forms and usually is observed to always be the complex one (complex zig-zag, triangle, 7s, 11s or 13s structures...
Technical Analysis of USD/CHF for April 28, 2016 USD/CHF is expected to trade in a lower range as the pair movement is capped by a negative trend line. The pair remains under pressure below its negative trend line, and is likely to post further decline...
NZD/USD Reversing from 0.7000 Vicinity On Thursday, the NZD/USD pair moved higher after RBNZ monetary policy statement to nearly reclaim 0.7000 handle before retracing back below 0.6950 level...
Technical Analysis of NZD/USD for April 28, 2016 NZD/USD is expected to trade in a higher range. The pair posted a strong rebound yesterday, and also jumped above its 20-period and 50-period moving averages. The immediate trend is up now, and the momentum is strong. The previous resistance at 0...
Technical Analysis of Gold for April 28, 2016 The dollar's weakness is helping gold prices move higher and challenge the recent highs and medium-term resistance...
Technical Analysis of USDX for April 28, 2016 The dollar is pressured by sellers mainly in the USD/JPY pair and commodities pairs thus pushing the index to new lows. The trend remains bearish as price did not manage to break above 95.20...
Technical Analysis of GBP/JPY for April 28, 2016 GBP/JPY is expected to trade in downside. The pair is still supported by its ascending trend line, and it is moving up...
Despite a Minor Pull-Back, EUR/USD Seems to Reclaim 1.1400 Mark Better-than-expected German employment number provided a mild up-tick for the EUR/USD pair, which rose to session high of 1.1368 before retracing back below 1.1350 level...
Briferendum Series: OECD Joins Band of Brexit Warner After U.S. president Barrack Obama’s endorsement for the stay campaigners, Organization for Economic Cooperation and Development (OECD), is the latest to join the list of Brexit warners...
BoJ: A Different Kind of Surprise - ING James Smith, Economist at ING, suggests that the BoJ took markets by surprise by holding back on adding stimulus at their April meeting, disappointing many who had expected further action...
Risk-Off Grips Europe Post-BOJ, Poor Earnings Weigh The risk-sentiment took a hit this Thursday after the BOJ failed to unveil further stimulus measures and stood pat instead, which disappointed markets and squashed hopes of cheap money flooding the markets...
