Decline in the #oil #market continues, and this year the "black gold" has already lost almost 20% of its #price. The largest #banks cut their forecasts for #2016. Thus, analysts of Standard Chartered believe that the price may fall to $10 per barrel. Find out more by checking out the Source Link...
YEN continues to be stronger. USDJPY, EURJPY & GBPJPY have touched Monthly Reversal Pivots already (MM1 or MS2). What can we do now? If you want to swing, it is too late to short. But can you buy now? I don’t think so. Thus all you can do with YEN pairs is...
Pre European Open, Daily Technical Analysis Tuesday, January 12, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: key resistance at 1.0905. Pivot: 1...
Macroeconomic analyst Rob Kirby’s predictions of a downward spiraling economy are coming true. Kirby contends, “I think the last time we spoke, it was in early December...
USDCHF: Having turned higher on bullish offensive on Monday, further bullish offensive is envisaged. On the downside, support lies at the 0.9950 level. A turn below here will open the door for more weakness towards the 0.9900 level and then the 0.9850 level. Further down, support resides at the 0...
As a new round of competitive devaluation looms, evidence is mounting that currency interventions are losing their potency. Mexico’s peso fell to a record on Friday as Cantor Fitzgerald LP criticized the nation’s efforts to strengthen the exchange rate as “mostly futile...
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We will use Monday’s London session to assess direction in the market and keep a very close eye on risk sentiment for a potential trade. Familiarize with the latest changes in the market by reading my currency update bellow...
Fundamental outlook for the US dollar index: neutral Toward risk continues to decline on a large scale in the ranks of asset classes, which pours in favor of safe-haven currencies as dollar US Responses euro / US dollar's strong reaction to the report it seems the US non-farm payrolls to show a c...
Pre US Open, Daily Technical Analysis Monday, January 11, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the upside prevails. Pivot: 1.0875 Most Likely Scenario: long positions above 1...
The last week the main drama in #USDJPY revolved around the key level of 118 yen per dollar. Note that at the opening of this week there was a #gap down, but it has been already closed with the price, leaving the question of future #price dynamics open...