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A number of themes are driving FX markets at present but there seems to be only a handful of FX trades. The most obvious theme – the fear of a Brexit – has sent GBP tumbling already...
After a break-out of an important support at around 9300 on 8th February, DAX, along with the other European and American indices, made a significant retracement and rallied above the break-out price. The chart of M15 below shows the second rally, with prices reaching the previous high...
EA can assist traders and here are the results to prove it. We had a banner day and closed with five profitable sell trades ranging from 20 pips to 50 pips. Most of the trades were opened this morning with the exception of one trade from yesterday...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, EUR/JPY, AUD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: We are overall bearish. While price closes below resistance near 1.1050 (200-dma), scope is lower in range towards 1...
Over the past few weeks, markets have traded well, driven by a more dovish interpretation of the Fed’s rate path and a moderate rebound in data, notes Morgan Stanley...
The euro has recently come back under some modest downward pressure against the US dollar lowering EUR/USD back into line with its average over the last year, notes BTMU. "The market’s increased focus on Brexit risk and potential negative spill over impact on Europe has weighed on the euro...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, GBP/USD, AUD/USD, NZD/USD, and USD/CAD. EUR/USD: We still prefer to play the pair from the short side, but would look play the intraday moves today...
Markets shrugged off their previous nervousness at the start of the G20 meeting of finance ministers and central bankers in Shanghai earlier today...
My trade plan for 25th Feb 16 On GBP/JPY I am looking to wait for price action to rise back up to my one hour 55 ema, which would be 21 ema on my 4hr chart so long has the 21ema hold as resistance then price will return to fall once again...
Commodity currencies, such as #CAD received a strong support amid strengthening #oil prices. The growth of the “black gold” was caused with the statements of the Venezuela's Minister of Petroleum. Find out more by checking out the Source Link...
Re-achievement of the Fibo retracement gave bears in #USDJPY a reason to fix the result on short positions. This led to the growth of quotations, but it is too early to talk about the possibility of purchases. Find out more by checking out the Source Link...
Support & Resistance-Update-Indexes Last updated: Feb 26, 2:40 pm +03:00 S - Strong | M - Moderate...
Pivot Points-Hourly Last Updated: Feb 26, 3:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09963 1.10082 1.1015 1.10201 1.10269 1.1032 1.10439 USD/JPY 112.257 112.563 112.683 112.869 112.989 113.175 113.481 GBP/USD 1.3841 1.39045 1.39326 1.3968 1.39961 1.40315 1.4095 USD/CHF 0.98927 0.99031 0...
Throughout its long history #oil fell to the bottom more than once or twice, but always returned back. Risky #investors always get a huge #profit, opening long positions at the time when the market reaches a bottom. The only question is when it will happen...
Returns on Currency/Commodity Pairs As a new or novice trader stepping into the world of forex and commodities trading, it is useful to know that not all pairs offer the same return per pip. Infact, returns vary based on the prevailing currency/commodity price...
Positioning ahead of G20 Interesting moves from China overnight as G20 Finance Ministers and Central Bank governors meet in Shanghai today and tomorrow...
The technical strategy teams at CitiFX and SocGen provide some insights on the current technical setups for EUR/USD, and USD/JPY noticing some key signals for their short term direction. Citi: EUR/USD: Watch a weekly close below the 55 week moving average at 1.1036...
Euro, US Dollar Outlook Hinges on Inflation Data Talking Points: Euro may find interim support if Germany’s flash CPI data tops forecasts US Dollar may fail to capitalize as core PCE inflation hits 15-month high NZ Dollar gains with milk prices as dairy exports rise most since Aug’14...
