Claws and Horns / Blog
Current trend Tomorrow at 00:00 (GMT + 3) the Reserve Bank of New Zealand is expected to lower its key interest rate by 25 basis points from the current 3.25%. The forthcoming cut has already been considered by most market participants...
Current trend After a sharp fall on Monday, precious metals gained some of their losses back on Tuesday. Because silver is widely used in manufacturing, recovering US economy is creating some prerequisites for a silver rebound in the long-term...
Current trend Last week, as it was expected, the EUR currency gradually declined against the USD. Several factors affected the European currency. First of all, it is the instability in Greece, where people protest against the government’s austerity measures...
Current trend In our previous forecast, we correctly indicated the uptrend. Since the end of last week, the GBP strengthened significantly against the JPY amid the falling demand for the Japanese currency. At key support levels, investors began to move money from the yen to risky assets...
Current trend As it was expected, after the correction to the lower border of the ascending channel, the USD went up again. At the end of the last and in first half of this week the "bullish" sentiment prevailed in the pair...
Current trend After yesterday’s statement by the Bank of England regarding the possibility of interest rates hikes in the UK as inflation is rising, the GBP grew. At the same time, the USD is strengthening against all major currencies except for the GBP...
Today, investors are waiting for the publication of the U.S. Retail Sales statistics for June. It is one of the key indicators for the U.S. economy which significantly influences GDP. Consumer spending accounts for 70% of U.S. GDP, and retail sales take a large part of consumer spending...
Current trend Last week, oil prices showed the biggest weekly fall since March this year. WTI crude futures fell by 7.4%, while Brent fell by 2.6...
A block of labor market statistics is coming out in Canada today. Net Change in Employment, Unemployment Rate and Participation Rate are due to be published. Lately, Canadian economy was doing poorly amid financial markets turbulence and falling commodities prices...
XAU/USD, H4 Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is turning upwards and can soon cross the flat blue line, forming a signal to buy. Confirmative Chinkou Span line is crossing the price chart from below; current Kumo-cloud is descending...