Will payrolls trigger a further USD correction? On Thursday, the ECB decision to stop accepting Greek bonds as collateral dominated market headlines. However, the impact on (currency) markets was moderate...
The Canadian dollar continues to show strong movement this week, posting strong gains on Thursday. USD/CAD is trading in the mid-1.24 range in the North American session. On the release front, Canadian Trade Balance remained steady at C$-0.6 billion. In the US, key data was a mix on Thursday...
Market players themselves must better understand moral hazard; that in return for taking the big bucks, there are penalties for stupidity. Gone are the days when we used to glibly say in the broking business. “Market up, market down; put them in, take them out. Two commissions...
AUD/USD is shaping into a decent technical trade, although it’s probably best to stay out of the way until after non-farm payrolls. The shorter-term chart has traced out an inverted head & shoulders pattern that will be completed with a break of 0.7850/00. The measured target is close to 0...
USOil bottom could be in place In recent months, consolidationshave given traders excellent short opportunities…until now Daily double bottom formation with a higher high has eyes on price forming a higher low On January 22nd, I posted a piece suggesting the bulls were premature due to a repeatin...
EURUSD sold-off from 1.1500-1.1540 resistance area that we highlighted it yesterday. We can see that price already made slight move beneath he channel line which means that wave 4) probably accomplished a corrective set-back...
WEEKLY DIGEST 2015, January 17 - 24 for Neural Networks in Trading: iknowfirst and artificial intelligence on stock market mql5 blogs “Till today, those kind of algorithms were used only by large institutions, clients like Goldman Sachs...
WEEKLY DIGEST 2015, January 17 - 24 for Scalping Trading: Some Scalping Questions and Risk Management MQL5 blogs "The first key to risk management is to identify a key level of support and resistance...
The Westpac Research Team suggests high conviction FX trades based on their macro, model and technical views, targeting 0.72 levels for AUD/USD and 0.6850 levels for NZD/USD...
Talking Points: Norges Bank increases their sale of FX equivalent to NOK 700 million per day USDNOK moves to support on the Daily chart Due mainly to falling energy prices, revenues from the State’s Direct Financial Interest have once again exceeded the amount transferred to the Global Pension Fu...
Karen Jones, Head of Technical Analysis at Commerzbank, gives the technical outlook for EUR/CHF and USD/CHF, noting that both the CHF pairs remain bid at current levels. Key Quotes “EUR/CHF is bid near term above 1.0080, and we continue to look for gains to the 1.0600/70 region – this is the 61...
Looks like we might see a weaker GBP next week. If price goes below 1.50500 on Monday (the blue line) I will short the GBP/USD and aim for a profit around 1.49770 (bright green line, about 70 pips) for half my position and let the other half run with a profit target of 1.48500 (2013 low...
EURUSD EUR/USD recovery stalled near the 3rd square root relationship of the year’s low near 1.1415 on Tuesday Our near-term trend bias remains positive on the euro while above 1.1210 A push above the 3rd square root relationship of the year’s low at 1...
In light of the recent RBNZ meeting, analysts at UOB Group see increasing likeliness that NZD/USD could extend the downside in upcoming periods. Key Quotes “New Zealand’s central bank, RBNZ, left its Official Cash Rate unchanged at 3...
A resumption of a deeper leg lower in EUR/USD could see spot breaking below parity in the last months of the present year...
Richard Franulovich of Westpac, maintains a bullish view on USD over the medium-term, suggesting that USD index is a buy into 93.5...
The Varengold Bank Research Team sees the probability of the GBP/USD trend to turn bullish towards 1.5484 on a break above 1.5265 levels...
Karen Jones, Head of Technical Analysis at Commerzbank, gives the technical outlook for EUR/CHF and USD/CHF, expecting both the pairs to move higher. Key Quotes “USD/CHF continues to grind slowly higher and the market looks well placed to tackle .0.9128 (61.8% retracement of the sell off...
Analysts at UOB Group expect AUD/USD's 0.7850 support to eventually break and lead the pair lower towards 0.7700 levels. Key Quotes “The stronger than expected Australian inflation data sent the AUD soaring to a high of 0.8026. The trailing-stop for our bearish view at 0...
