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EURUSD: With the pair closing lower the past week, more weakness should follow. However, we may see a recovery higher following its Friday recovery (see daily chart). Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level...
We make up a weekly medium-term trade list based on CFTC reports and technical analysis...
A significant share of voters in Germany cast their vote in favor of anti-establishment parties in Sunday's federal elections. Global Chief Economist Paul Donovan assesses what rising uncertainty means for investors...
The coming week is typical for a first week of the month; important data releases will clarify the economic conditions of the previous month. On Monday, manufacturing PMIs around the globe will be released, and on Friday US labor market data...
This strategy is not new, but, in my opinion, is not fully implemented among traders. In this blog, I will try to reveal its capabilities and discuss this strategy with traders of different professional level and length of trade...
hi,trader I want to do the blog to communicate the trader I will provide the strategic currency pairs I look forward to the support of the you Thanks...
First, a review of last week’s forecast: - The Fed decision on a fourfold increase in the interest rate in 2017-18 continued to dominate over the pair EUR/USD, as well as the results of the German elections, not ideal for Frau Merkel...
USDCHF: With the pair rejecting higher prices to close lower the past week, more weakness is envisaged in the new week. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level...
USDJPY: The pair closed lower on Thursday leaving risk on further downside on the cards. On the downside, support comes in at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111.00 level and possibly lower towards the 110.50 level...
he Helvetic currency has lost two figures since the start of the week going from 1.16CHF to 1.14CHF. Some Swiss economic indicators came in better. The UBS Consumption indicator has risen in August from 1.38 to 1.53...
While the German elections (still a non-issue) continues to dominate Europe conversation, events in Spain are about to heat up. Where this story takes markets, confounds and worries this strategy desk. The Catalonia referendum on Independence is plan to take place on Sunday 1st October...
As Bank of England Governor Mark Carney said in an interview with the BBC, the central bank of the UK will raise the key interest rate if the UK economy continues to move the current rate. "If the economy will move the current course, then it may be appropriate to raise rates", - said Carney...
CRUDE OIL: With the commodity bullish and resuming its broader medium term uptrend on Thursday, further strength is expected in the days ahead. On the downside, support resides at the 52.00 level where a break will expose the 51.50 level. A cut through here will set the stage for a run at the 51...
As expected, the RB of New Zealand maintained the current interest rate at the current level of 1.75%. The RBNZ meeting under the leadership of the new manager Grant Spencer took place after the general elections in New Zealand, which did not bring an obvious result...
USD/JPY The pair has stopped in the area of resistance at 113.00. It tested the highs in the area 113.25 yesterday, but it was not enough strength to close above the mentioned level, and today's attempts to breakthrough was unsuccessful...
Hello traders, I saw an opportunity at actual Resistance for USDCAD. Market participants are usually waiting at the Resistance before they sell off. That's why price would be pulled back for some corrections...
GOLD: The commodity closed lower after reversing its Monday gains on Tuesday. This saw it following through lower during early trading on Wednesday. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level...
Today, the financial markets are growing dollar and the resumption of growth in US stock indices. The dollar strengthened after comments from US Federal Reserve Chairman Janet Yellen, which increased the likelihood of another increase in interest rates...
The bears appear to have loosened their grip slightly, prompting a brief consolidative mode in EUR/USD, as focus shifts towards the US durable goods release for the next push lower. EUR/USD: Eyes on Aug lows of 1...
