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Standard Chartered have told clients they are forecasting downside pressures on the Australian and New Zealand dollars to resume. Both the New Zealand and Australian dollars have trended higher in global FX as of late with both benefiting from a recovery in global commodity prices...
USDJPY: The pair’s recovery triggered off the 118.05 level on Oct 15 2015 remains intact and intact. The immediate risk is for USDJPY to retarget its range top at 121.23 zone. On the upside, nearby resistance stands at the 120.00 level. Above here will aim at the 120...
On Tuesday gold futures were little changed, after data indicated the number of housing starts issued in the U.S. rose more than expected in September, while building permits fell more than forecast, providing a blurred picture of the economy and adding to uncertainty over the timing of a U.S...
Stop adding junky stocks to your portfolio, says strategist Adam Parker and his team at Morgan Stanley...
Standard Chartered are forecasting the British pound and US dollar to lead the G10 and Asian currencies over coming months. The pound is advancing against the dollar once more with a break of the 1.55 barrier now possible...
Oil futures steadied from their overnight lows in choppy trade on Tuesday, as traders moved past dim economic data from China to pay attention to supply...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD. EUR/USD: is trading in a tight range and the market is focused on the ECB meeting on Thursday. We don't see the pair breaking out of the 1.1280-1...
The Three Drives Pattern, Although it was not specifically identified, one of the first references to a Three Drives pattern was outlined in Robert Prechter’s book, “Elliot Wave Principle.” He described the general nature of price action that possessed either a three-wave or a five-wave structure...
W1 price is located to be above 200 period SMA and above 100 period SMA for the primary bullish market condition with the secondary ranging between the following key support/resistance levels: 116.09 key support level, and 125.85 key resistance level...
Trading recommendations – HERE! Overview and Dynamics Today, 13:00 (GMT + 3) tomorrow 20:00 calendar planned speech by Bank of England Governor Mark Carney...
Gold futures were slightly higher on Tuesday as market players awaited reports on the U.S housing sector later in the day for further hints on the strength of the economy and the future path of interest rates...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, October 20th USD/CAD edges higher in the early trade as demand for the greenback strengthens after mixed US data of Friday. The pair is back above 1...
US Dollar - "The housing data, national activity figure from the Chicago Fed and manufacturing survey are far from top tier event risk. As for the round of Fed speeches, we have seen confusion and skepticism rise from the conflicting views from the various voters and non-voters...
The dollar was unchanged against the yen and the euro in range-bound Asian trade Tuesday, as investors were unwilling to make major bets given the lack of fresh trading hints. The Canadian dollar traded lower after the country's leader was ousted after a national vote...
Testing on a real tick story - EURUSD (25.05.2015-27.06.2015) Broker #1: OctaFX (true ECN execution without requotes, without commission) 1. Testing with standard parameters on EURUSD,H4: 2. Testing with standard parameters on EURUSD,H1: 3. Testing with standard parameters on EURUSD,M15...
GOLD: The commodity declined further on Monday opening the door for more weakness. GOLD continues to hold on its weakness triggered off the 1183.80 level on Oct 15 2015. On the downside, support comes in at the 1160.00 level where a break will aim at the 1150.00 level...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition with the secondary ranging between Fibo support level at 0.6907 and Fibo resistance level at 0...
AUDUSD: AUDUSD took back its intra day gains to close slightly lower on Monday leaving risk of more weakness on the cards. While the pair can trade and hold below the 0.7363/81 levels, we think more weakness should occur towards its support at 0.7197. On the upside, resistance lies at the 0...
