Download MetaTrader 5
To add a new post, please log in or register
With second-tier data on tap for the week ahead, the British Pound may continue to consolidate ahead of the next Bank of England (BoE) interest-rate decision on April 14, but fresh rhetoric from Fed officials may generate a near-term rebound in GBP/USD as Chair Janet Yellen endorses a more dovish...
Analytics & Forecasts
  • 32
  • 1
Vasilii Apostolidi, 2 April 2016, 22:46 #GBP/USD
The RBNZ’s strong easing bias, dissatisfaction with the level of the NZD, weaker inflation and more challenging outlook all make it a significantly more likely candidate to ease policy rates again than the RBA...
Analytics & Forecasts
  • 45
  • 1
Vasilii Apostolidi, 2 April 2016, 20:39 #AUD/NZD, forex
First, a few words about the forecast for the previous week: ■ if we talk about the forecast for EUR/USD, right were those 55% of the experts, who insisted on the growth of the pair and its move into the zone 1.1340 ÷ 1.1470...
Analytics & Forecasts
  • 86
  • 2
Sergey Ershov, 2 April 2016, 17:59 #usd/jpy, GBP/USD, EUR/USD
A slowly improving economy is pulling discouraged Americans into the workforce, although some are having to settle for part-time jobs for now. That’s the message from the March employment report issued by the Labor Department Friday in Washington...
Analytics & Forecasts
  • 54
Francis Dogbe, 2 April 2016, 17:50 #Fed
The Federal Reserve has not fallen behind the curve, according to Loretta Mester, President and CEO of the Federal Reserve Bank of Cleveland. Mester spoke to the New York Association for Business Economics on Friday, and highlighted her outlook for the economy...
Analytics & Forecasts
  • 42
Francis Dogbe, 2 April 2016, 17:04 #Fed
America's central bank has two goals: get the country to full employment and keep the costs of goods stable. The Federal Reserve can put a fat check mark next to those goals. So why is the central bank so hesitant to raise interest rates from almost near zero? The U.S...
Market News
  • 51
  • 1
Francis Dogbe, 2 April 2016, 17:02 #Fed
GBP/CAD has been in a medium-term down-trend ever since breaking below the 1.97 level in February. More recently it has been trading along an historic level of support and resistance at 1.8500, where it has made repeated but failed attempts to break lower...
Analytics & Forecasts
  • 40
  • 1
Vasilii Apostolidi, 2 April 2016, 15:45
The pound to euro exchange rate (GBP/EUR) has reached new lows of 1.2544 (at time of writing), breaking below the previous 1.2579, 15-month, bottom established on March 24...
Analytics & Forecasts
  • 48
  • 1
Vasilii Apostolidi, 2 April 2016, 15:43
USD/JPY Technically, the trend remains bearish in the daily chart as far as 114.00/50 zone is intact, and prices remain stuck inside a consolidation triangle, which keeps our outlook flat with a light preference to the downside as per the daily trend...
Trading Strategies
  • 39
  • 1
David Joseph, 2 April 2016, 15:34
USD/JPY Technically, the trend remains bearish in the daily chart as far as 114.00/50 zone is intact, and prices remain stuck inside a consolidation triangle, which keeps our outlook flat with a light preference to the downside as per the daily trend...
Analytics & Forecasts
  • 27
  • 1
David Joseph, 2 April 2016, 15:28
NZD/USD The New Zealand Dollar managed to end the month above 0.6900 major resistance, confirming a break higher from a 7-month range trading. Looking at the biggest picture, the focus was on the weekly resistance zone of 0.6880/0...
Trading Strategies
  • 49
  • 1
David Joseph, 2 April 2016, 15:27
AUD/USD The Aussie did another attempt to close above 0.77 psychological barrier but failed as profit taking has increased due to the month end. From a wider angle and looking at the weekly chart, the pair has already confirmed a bullish reversal after breaking above 0...
Trading Strategies
  • 44
  • 1
David Joseph, 2 April 2016, 15:25
USD/CAD The pair bounced strongly near the weekly support of 1.2820 and printed a low around 1.2850. Moreover, prices rallied and succeeded to break above 1.3010 hourly resistance confirming a bullish reversal in the short-term. Meanwhile, a big resistance stands at 1...
Analytics & Forecasts
  • 30
  • 1
David Joseph, 2 April 2016, 15:23
GBP/USD The British pound traded in a choppy manner yesterday and continue to fight for a clear direction in the near-term as 1.4450-1.4470 zone remains key resistance. Looking at the near-term technical picture, the pair failed around 1...
Trading Ideas
  • 39
  • 1
David Joseph, 2 April 2016, 15:20
Risk sentiment was broadly stable for most of the week, mainly due to Fed Chair Yellen dampening investors’ central bank rate expectations...
Analytics & Forecasts
  • 72
  • 1
  • 2
Vasilii Apostolidi, 2 April 2016, 12:06 #RBA, forex
If I told you that there is a 99.22% probability that you can win the next trade on Dow Jones Industrial would you believe me! In trading the Theory of Runs answer a statistical question that ask about the probability to find another black (OR white) candle after a series of them...
Analytics & Forecasts
  • 293
  • 2
  • 1
Muhammad Elbermawi, 2 April 2016, 11:42
EUR/USD The Euro succeeded to break above the symmetrical triangle that comes from 1.1497 peak, which is a strong bullish signal that affects the med-term trend. However, it is preferable to wait for a weekly close above 1.1400 level to confirm this bullish reversal...
Trading Ideas
  • 62
  • 2
  • 2
David Joseph, 2 April 2016, 10:10
EUR/USD The Euro succeeded to break above the symmetrical triangle that comes from 1.1497 peak, and which this stand ss a strong bullish signal that affects the med-term trend. However, it is preferable to wait for a weekly close above 1.1400 level to confirm this bullish reversal...
Analytics & Forecasts
  • 49
  • 1
David Joseph, 2 April 2016, 10:03
Almost every Forex and Futures trader that we have spoken to has admitted to, at some point, taking a trade outside their method and/or outside their risk tolerance...
Other
  • 56
Francis Dogbe, 2 April 2016, 08:45 #forex
Almost one month ago I mentioned two areas on AUDJPY that were likely to test bullish conviction. The first area of resistance broke down the very next day and triggered what would eventually become a 330-pip rally. The second area, on the other hand, was much stronger than the first. The 86...
Forecasts
  • 82
Francis Dogbe, 2 April 2016, 08:33 #price action