Feb 25 2017 @ 16:48
Here’s the market ouatlook for the week: EURUSD Dominant bias: Bearish This pair went south last week, testing the support line at 1.0500, and then bouncing upwards on Thursday and Friday. The upwards bounce would turn out to be a good selling opportunity because price is expected to trend further downwards this week, reaching the […]
Feb 24 2017 @ 06:39
A potential Frexit is causing one of France’s biggest insurers, Axa to rethink its strategy. With its shares down nearly 5% since the election, investors are now taking Le Pens National Front party seriously. The news that her rival has agreed a pact early this week will calm nerves, but another Brexit style move in […]
Feb 23 2017 @ 08:48
The FED officials have announced that they might need to increase the interest rates ‘’fairly soon’’ if the US economy stays strong. USD and EUR: Yesterday, the US dollar was seen at its lowest level in seven weeks; with the prices accelerating the downward trend with the FED’s announcement and minutes after, the dollar saw […]
Feb 23 2017 @ 08:08
As I write GBP/USD is pushing back to 1.2500, we could be at the start of a larger move to 1.2700. The pound has been trading sideways for a while, this kind of move is generally a pause in the main trend. If we assume that the trend is up (the rally from the low […]
Feb 23 2017 @ 04:54
The UK economy increased to 0.7% for Q4 of 2016, up from 0.6% the previous quarter. The Gross Domestic Product figures were welcomed by investors, as the pound attempted a rally. The manufacturing industry was given the plaudits as it beat its own expectations, but the ONS slashed estimates for growth in 2016 to 1.8%, […]
Feb 21 2017 @ 21:05
FTSE 250 stock (
FTSE:MCX) is a bull market. In fact, price has been going upwards since December 2016, following the trendless and choppy market conditions that were witnessed in the months before December 2016. Price is currently above the EMA 21, which has been sloping upwards since December, supporting a clean bullish outlook on the […]
Feb 21 2017 @ 06:51
The US dollar has started this week by losing its ground and has created a different interaction on global markets. The dollar index was 0.05% down at 100.84 at 02:45 ET. The EU political risk depreciated the dollar against the Yen by pushing down Treasury yields to one-week lows of 2.4%. Furthermore, GBP was flat […]
Feb 21 2017 @ 06:49
With the US markets being closed due to the bank holiday yesterday, volatility was fairly subdued for the Greenback, though the US dollar has opened with some strength this morning as traders realign positions. With Janet Yellen, in her testimony, taking a hawkish tone on the position of the Federal Reserve as an independent body, […]
Feb 20 2017 @ 06:56
It’s been a busy week yet again with big moves on many of the major markets, and yet again a lot of these moves have been generated by the uncertainty created by President Trump and the latest news out of his administration. With the resignation of Michael Flynn to his scathing media attack yesterday it […]
Feb 20 2017 @ 06:06
The EUR/JPY consolidated from Monday to Thursday and then broke out to the downside on Friday. Price closed below the supply zone at 120.00 on Friday, after generating a bearish signal, which may continue to hold out this week. EUR/USD: The EUR/USD went downwards from Monday till Wednesday and later bounced upwards. The upwards bounce […]