Technical and Market Analysis by Vistabrokers - page 65
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USD / CAD. There Are Signs of Uptrend
A pattern of
continuing trend "pennant"
was i
mplemented,
and
"classic goal"
were
achieved
in USD/CAD
.
As a result, we have all the signs of ascending impulse formation. It is recommended to
hold longs
.
Find out more at
Technical Analysis of Vistabrokers.Gold Remains at Three-Month Lows
Gold rose slightly after the weak data on consumer price index in China, which could mean new measures to stimulate the Chinese economy.
However, gold remains at three-month lows on expectations related to Fed rate hike the next month. Read more at Fundamental Analysis of Vistabrokers.
Portugal May Repeat Greek Scenario
In Portugal the center-right coalition lost its absolute majority in parliament and now the power in the country is in hands of socialists, the left bloc, communists.
Experts are afraid that the country will repeat the Greek scenario. Read more at Fundamental Analysis of Vistabrokers.
Growth of Kiwi Is Limited with Strong Dollar
The New Zealand dollar has slightly increased after RBNZ comments. The report of the CB showed that it's not going to lower interest rates in the near future.
This pushed the kiwi up, but the growth is limited with the strong U.S. dollar. Read more at Fundamental Analysis of Vistabrokers.
Oil Tries to Get away from Two-Month Lows
WTI crude oil traded slightly upward, attempting to move away from two-month lows.
Previously, the "black gold" has fallen in price by 3% amid new signals of the economic slowdown in China, worries about supply and demand, a high level of production and inventories. Read more at Fundamental Analysis of Vistabrokers.
EUR / USD
I
s
R
eady to
C
ontinue
D
ecline
Today, M
ario
Draghi and
Janet
Yellen
will speak during
the day. If these key figures confirm the
ir previous
message
s
, sales in
EUR/USD
may resume with renewed vigor.
It is recommended to remain in short positions.
Discover more at
Technical Analysis of Vistabrokers.GBP / USD. Pound Takes Punch
T
rading
in GPB/USD
continue
s with
in the uptrend,
which corrects
the slump
of
quotations
during
November 5-6.
It is recommended to work on the rebound from the current support line, but be ready for
the
reversal.
Read more at
Technical Analysis of Vistabrokers.New Zealand Dollar Is Losing Ground
The New Zealand dollar is declining against the U.S. competitor, as demand for the American currency is still supported with expectations of the Fed rate hike.
This pressure may increase if today Janet Yellen will confirm the intention to raise the rate. Just published at Fundamental Analysis of Vistabrokers.
Dollar Remains Strong after Fed Members Comments
FOMC members and Yellen confirmed the possibility of December's rate hike.
Meanwhile, Mario Draghi hinted again at the possibility of the ECB asset purchase program expanding. Find out more at Fundamental Analysis of Vistabrokers.
USD / JPY. Bulls Are Ready for New Dash
USD/JPY
quotes drift
ed
into the area
of the current
support line
of the
current uptrend.
This
retracement
takes place within b
orders of a
clearly designated channel, indicating the formation of "flag".
Read more at
Technical Analysis of Vistabrokers.