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Besides the Ranking and Rating list provided here I will also prepare this weekend the Weekly Currency Score list which will support my analysis for trading in the coming week...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend. Besides this analysis and the corresponding chart I also provide the Forex ranking and rating list...
GBPUSD The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days...
USD: Fed Ends the Correction. Bullish. We believe USD could start to see inflows related to investment, rather than repatriation of assets. While the latter does not require tighter Fed policy, the former will benefit from a higher probability of Fed hikes...
AUDUSD: AUDUSD remains weak and vulnerable to the downside with risk of more weakness on the cards. Its big support lies at the 0.6926/0.6899 zone. However, we may see a recovery higher on correction in the new week folowing its last week sell off. On the downside, support resides at the 0...
First, a few words about the forecast for the previous week: - Regarding the future of EUR/USD, the main forecast was that by the end of the week the pair would secure itself in the area of 1.0800...
Magister Advisors, U.K.-based consultancy which advises the technology industry on mergers and acquisitions, interviewed thirty of the leading bitcoin companies globally to find out a consensus view that bitcoin will become the sixth most widely used global reserve currency within 15 years...
S&P 500: bullish breakout. The price is on bullish market condition with the ranging within the following key support/resistance levels: 2134.42 key resistance level located above Ichimoku cloud in the bullish area of the chart, and 1863...
CRUDE OIL: The commodity extended its weakness on Friday to close the week lower. It also reversed most of its previous week gains. This development has opened the door for more weakness towards its key support at 43.19 zone. On the downside, support resides at the 42...
Silver (XAG/USD): ranging near bullish reversal. The price is on primary bearish with the ranging within 16.34 key resistance level and 13.96 key support level located below Ichimoku cloud and Senkou Span lines with the bearish area of the chart. Key resistance level at 16...
The stronger than expected job growth in the U.S. in October and the rise in average hourly earnings have driven the chance that the Federal Reserve raises rates this year to 74 percent...
USD/JPY rallied more than 100 pips and reached a peak of 123.07 following news the US economy added more jobs than expected in October, which boosted expectations of a rate hike by the Fed in December. However, following the knee-jerk spike, USD/JPY entered a consolidation phase just below 123...
U.S. stocks opened mostly lower after a highly-awaited jobs report said the economy created 271,000 jobs in October - the biggest rise this year...
2014-11-06 13:30 GMT | [USD - Non-Farm Employment Change] past data is 142K forecast data is 181K actual data is 271K according to the latest press release [USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry...
Gold prices dropped like a rock to a session low of USD 1087.90/Oz; its lowest since 10th August as the odds of Fed tightening increased after a strong US monthly non-farm payrolls report...
“The Fed should not raise rates in December. You shouldn’t have to make a case for the Fed to hike; the case should already be made,” said DoubleLine Capital founder Jeffrey Gundlach at the 2015 Inside Fixed Income conference...
The dollar rose steeply on Friday after data showed U.S. non-farm payrolls rose more-than-expected last month...
This week gold has dropped to multi-week lows amid expectations of a potential December rate hike in the U.S. However, one analyst says there is little ground for concerns...
GBPJPY: With the cross tumbling lower on Thursday and following through lower during Friday trading today, further downside pressure is expect. It looks to retarget its key support at the 183.86 zone. On the downside, support comes in at the 184.00 level where a violation will aim at the 183...
