Claws and Horns / Blog
Current trend On Tuesday, the NZD/USD pair was trading flat. The demand for the USD is not high, as market participants have relatively calmed down on US rate hike speculations...
Current trend The markets are hit by a new wave of uncertainty. Since the beginning of the week, prices of copper are rapidly falling. Copper widely perceived as the general indicator of world economic outlook, and therefore markets now assume the world economy outlook is getting worse...
Current trend Last week, the GBP strengthened significantly against the USD amid a decline in investor demand for the American currency and favorable labor market and retail sales statistics, released in the UK. On the contrary, the US published weak construction and key indices data...
Current trend The GBP/USD strengthened significantly, supported by strong labor market statistics, released in the UK on Wednesday. From May to July, Average Earnings including Bonus grew by 2.9%, compared to the same period last year. It is the highest growth for the last 6-1/2-years...
A growth can continue. On the 4-hour chart, the price is trying to consolidate above the level of 0.7150 (50.0% correction). In case of success, a growth to 0.7205 (50.0% correction) and 0.7240 is possible. Otherwise, the price may decline during a correction along the 50.0% arc towards 0...
Current trend At the beginning of the week, the price of gold is not changing significantly as market participants are waiting for the publication of key macroeconomic statistics from the US, where the Federal Reserve holds its meeting this Thursday...
Current trend In the end of last week, the Pound strengthened against the USD and gained back most of the losses of early September. However, macroeconomic statistics remain ambiguous. In particular, the GBP was pressured by poor data on Industrial Production that in June shrank by 0...
Current trend Yesterday, the British currency continues strengthening against the Japanese Yen amid a series of interesting macroeconomic releases both from Japan and the UK. The Yen was under pressure from weak Machinery Orders statistics (+2.8% in July vs. +10...
A fall can continue. On the 4-hour chart, the price broke down the 23.6% Fibonacci correction for the short-term trend (0.7290). At present, the next bearish target seems to be the level of 0.7227 (38.2% Fibonacci crossover with the 38...
Current trend Late in yesterday's American session, US stock indices rose sharply: NasdaqComposite up 2.7%, S&P 500 up 2.5%, DJIA up 2.4%, DJIA up 2.4%, S&P up 2.5%. The growth continued through the Asian session today: NikkeiStockAverage gained 1.9% on opening...