Asian #stock #markets recover from Wednesday's drop, which was caused by new signals of #economic slowdown in China. Today, Japan returned to #trading after a series of national holidays and #Nikkei fell by 2.18% as a delayed reaction to the drop of #Volkswagen shares...
W1 price is above 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bullish market condition with the secondary ranging within 23.6% Fibo support level at 2.1172 and Fibo resistance level at 2...
GOLD: The commodity is threatening further strength after closing higher on Wednesday following a loss of downside momentum. However, we think as long as it trades below the 1147/42 zone, risk remains lower in the medium term. Above the mentioned zone will invalidate our downside view...
On August 11th, 2015, China changed the way the way the reference rate was calculated. This had immediate and long-term effects on the exchange rates of just about every currency...
After the weeks of the financial tension around the world, after Janet Yellen and Mario Draghi made their respective declarations we have again what we have had since March, a 'hope' for an increase in the interest rates from the Federal Reserve of USA, and a 'creepy' european situation that does...
Kit Juckes, global strategist at Société Générale, has noted that for the past two months, the movements of the world's reserve currency - the U.S. dollar - have been extraordinary...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, and USD/CHF as provided by the technical strategy team at Barclays Capital. EUR/USD: A move below our initial downside targets near 1.1085 would confirm downside traction. Our next targets are towards the 1...
D1 price is below 200 day SMA and 100 day SMA for the primary bearish market condition with the secondary ranging between 87.50 key resistance level and 81...
Current trend The markets are hit by a new wave of uncertainty. Since the beginning of the week, prices of copper are rapidly falling. Copper widely perceived as the general indicator of world economic outlook, and therefore markets now assume the world economy outlook is getting worse...
Expect the eurusd price to go up to 1.124 as a retracement in a downtrend rather than as an uptrend. As mentioned in my previous posts, https://www.mql5.com/en/blogs/post/649802 the downward price movement would be highly volatile and see this upward price movement as a retracement...
EURUSD: With EUR now seen recovering ahead of its key support at the 1.1086 level, some kind of a correction could occur. But as long as that move is capped by the 1.1259/58 zone, its short term weakness triggered from the 1.1459 level remains intact. Support lies at the 1...
Expect a huge downfall in gold price from today. If the gold price crosses yesterday's high, then obviously it will continue to go up. As i had mentioned in my previous posts about the high volatility, see this up ward movement as a retracement in a downtrend rather than an upward trend...
W1 price is located to be above yearly Central Pivot at 114.36 and below R1 Pivot at 127.96: The price is on bullish ranging between pivot level at 114.36 and R1 level at 127.96; If weekly price will break R1 Pivot at 127.96 together with 125...
The Fed’s stimulus policy, which has buoyed the bull market for more than six years, has only served to confuse investors in recent days. Equities have dropped since the central bank’s decision to stand pat amid concern over global growth and financial-market rout...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, and USD/CAD. EUR/USD: continues to trade heavy and it is hard to find a reason to fight this. Play the short side, looking to add ahead of 1.1160 with a stop above yesterday's high of 1.1208...
It seems that hopes for the Fed's interest #rate hike are to strong to die after the September meeting. Although many #analysts believe that the U.S. currency is overvalued against the #euro and the #yen. Find out more by checking out the Source Link...