The Mexican IPC index (Indice de Precios y Cotizaciones) is a major stock market index which tracks the performance of leading companies listed on the Mexican Stock Exchange...
This trading week ended with some interesting results and setups for some pairs. So, let's describe some of the interesting moments for USDJPY. ------------------ USDJPY D1 price is on primary bearish with secondary ranging; neatest support level is 116.08: D1 price broke 118.05 support...
The Euro may be carving out a bottom against the US Dollar as positive RSI divergence warns of ebbing downside momentum. Even the RSI 14 MA is also piercing the 30 line which marks the entrance towards the bearish zone on a Monthly Chart. Near-term resistance is at 1...
Weekly digest compiles the latest news from the world of stocks and finance, currency forecasts, as well as interesting informative articles for traders. Top news of the week: the SNB move, eurozone deflation and uncertainty about the Greek elections - recent shocks hit the eurozone currency...
A marked slowdown in the U.S. Consumer Price Index (CPI) may trigger a short-term squeeze in EUR/USD should the development dampen the Federal Open Market Committee’s (FOMC) scope to normalize monetary policy sooner rather than later...
A rout driven by lower energy costs and on speculation demand will weaken in China, the world’s largest metals user, sent copper down. The metal fell 7.4 percent this week after tumbling to the lowest since 2009...
The US Dollar remains in digestion against its Canadian namesake but negative RSI divergence hints a turn lower may be in the cards. A daily close below the 76.4% Fibonacci expansion at 1.1928 exposes the 61.8% level at 1.1858. Alternatively, a push above the 100% Fib at 1...
GBPUSD - With GBP Holding on to most of recovery gains, it faces the risk of further upside pressure. On the upside, resistance resides at the 1.5300 level with a break aiming at the 1.5350 level. A violation will aim at the 1.5400 level and possibly higher towards the 1.5450 level...
USDCAD - USDCAD continues to build up on more upside pressure medium term though it was seen backing off higher prices on Tuesday. On the upside, resistance is seen at the 1.2000 level followed by the 1.2050 level. Further out, resistance comes in at the 1.2100 level where a turn lower may occur...
The dollar rallied from .85 to .92 as the 10 year bond yield went from 2.62% in September to 1.83%. Gold is recovering from its early November lows at $1,140 as it almost touched $1,250 this week...
In an unprecedented move, which throws SNB credibility out of the window, the Central Bank decided to announce an end to its 1.20 EUR/CHF protective floor, while cutting interest rates to -0.75...
• Passive is Massive (FT) • Why you should buy the most despised company in America (Marketwatch) see also Buy What You Hate (TBP) • Nine Reasons Why Bond Yields Are Falling (Yardeni) • Forget Emerging Markets. Hot Topic at Davos 2015 Is the U.S...
USD/JPY broke below 116.60 and dropped to 116.28, reaching a fresh daily low. The pair remains with a bearish bias in the short term as stocks retreated in Europe after the SNB abandoned the EUR/CHF cap. On Asian hours greenback extended the recovery against the yen and reached 117...
EUR/USD seems recovered after the SNB caught everybody off guard in today’s meeting, now regaining the 1.1700 region after being down to 1.1570. EUR/USD calmer, keeps in red The offered tone remains intact around the euro today, with spot struggling to keep the trade in the vicinity of 1...
2015-01-15 00:30 GMT (or 02:30 MQ MT5 time) | [AUD - Employment Change] past data is 45.0K forecast data is 5.3K actual data is 37.4K according to the latest press release if actual > forecast (or actual data) = good for currency (for AUD in our case...
The Swiss National Bank (SNB) is discontinuing the minimum exchange rate of CHF 1.20 per euro. At the same time, it is lowering the interest rate on sight deposit account balances that exceed a given exemption threshold by 0.5 percentage points, to −0.75...
The FX market shifted its bias after the weaker than expected Retail Sales data for the US economy. The US dollar was weighed by the sluggish retail growth data and remains in consolidation against its major counter parties. More specifically, the USDJPY dropped to as low as 116...
The Asian session today saw AUD and INR strengthening after robust employment figures in Australia and the surprise 25bps rate cut by the RBI respectively. AUD/USD is up 1.07% at 0.8228,, while USD/INR is down 0.6000 points at 61.5900 US indices registered another negative close with Dow (-1...
World Bank downgraded its global economic forecast citing weak prospects for the euro area and Japan. World Bank said global gross domestic product is expected to grow 3 percent in 2015, slower than the 3.4 percent estimated in June. For 2016, the economy is projected to expand 3...
Reported at 8:30am in the second or third week of the month the Producer Price Index (PPI) is a measure of the increase or decrease in the selling price received by US producers for their output...
