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The following are the latest technical setups for EUR/USD, GBP/USD, AUD/USD, USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: Our bearish view was encouraged by yesterday’s engulfing candle. The initial break below our initial targets near 1...
W1 price is located below 200 period SMA (200 SMA) and below 100 period SMA (100 SMA) for the primary bearish market condition with the secondary ranging between Fibo support level at 0.6084 and 38.2 Fibo resistance level at 0...
According to tourism experts, the revenue which Saudi Arabia generates from oil could be replaced by tourism...
The AB=CD Pattern The AB=CD pattern is a price structure where each price leg is equivalent. The Fibonacci numbers in the pattern must occur at specific points. In an ideal AB=CD, the C point must retrace to either a 0.618 or 0.786...
EURGBP: With the cross turning lower off its key resistance at 0.7421 level to close lower on Wednesday, further weakness is now seen. As long as the 0.7421/36 zone remains unbroken, you should see the pair weakening in the days ahead. On the upside, resistance lies at the 0...
Oil futures were higher Thursday as an emerging risk premium over the situation in Syria countered further signs of an economic slowdown in Asia and rising U.S. inventories...
Weekly price is on bearish market condition for ranging between 42.18 support level and 54.27 resistance level. Chinkou Span line is located to be below the price and indicating the ranging condition to be continuing...
The dollar erased gains against the other major currencies on Thursday, after data showed that U.S. jobless claims increased more than expected last week...
Gold’s long-term downturn continues with prices on their way to finish the third quarter in negative territory, its second consecutive lower quarterly close...
Forex BasicsWhat is Forex? Forex is short for “foreign exchange”, and is also known as “currency exchange”, “currency trading”, “forex trading” and, for short, “fx”...
Tony Sagami, a former Merrill Lynch stockbroker with 30 years of market experience, says the average investor is about to get cleaned out...
Goldman Sachs made a forecast for S&P 500 to finish the year at 2000 with the following explanation: "Our baseline forecast is that the US economy will grow at a modest pace, earnings will rise, and the S&P 500 index will climb slowly while the P/E multiple declines as interest rates rise...
On Thursday the pound was higher against the U.S. dollar, even after data signaled that manufacturing activity in the U.K. expanded at the slowest rate in three months in September, as investors awaited the release of U.S. economic reports later in the day...
"India remains a bright spot. China is slowing down as it rebalances away from export-led growth. Countries such as Russia and Brazil are facing serious economic difficulties...
Fixed a typo in the code where BB multiplier was stuck at 1.5. Thanks @ucsgears for bringing it to my notice. Updated source: http://pastebin.com/UCpcX8d7 Use the updated source instead of the what TV shows below...
On Thursday Glencore Plc wiped out Monday’s record drop as the shares climbed for a third day alongside higher metals prices...
UBS described some trading strategies which may be used for EUR/USD in short and medium term situation: EUR/USD: "the pair has had a slow week so far with no clear direction and we should see more of the same ahead of Friday's US payrolls...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, October 1st GBP/USD continued its decline on Wednesday as British GDP numbers came out in the red colour. The British economy was expected to expand 2.6%, but actual GDP figure was at 2...
On Thursday the Australian dollar hit one-week high and the New Zealand dollar edged up to two-week highs against their U.S. counterpart, helped by the release of better-than-expected Chinese manufacturing data and as markets awaited upcoming U.S. economic reports...
