The Market has shrugged off any fears of Trade Wars arising from the proposals that were released by the White House last week, with the consensus that they are being used as a threat to force trading partners to accept the demands of the US and strengthen its hand at the negotiating table. However, this […]

USD/JPY has been quite impulsive with the bullish gains recently after bouncing off the important support area of 105.50. JPY has been quite positive with the recent economic reports like significant decrease in Unemployment Rate from 2.8% to 2.4%, which made the currency to gain significant momentum along the way against USD. Ahead of the […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -AUD and NZD post modest gains vs USD. -BTC & XRP have had a great month. -RBA waits on inflation & wages – hopes for growth. -US trade tariffs could become “real” in a matter of days. -Geneva’s 88th motor show opens today. -What are the worlds most traded goods? The […]

Wave summary: Resistance at 1.7100 is holding firm and will likely produce a short-term correction closer to 1.6985 before the next attempt to break clearly above this resistance for a continuation higher to 1.7470 and 1.7777 as the next larger upside targets. Support is now seen at 1.7040 and 1.6985. R3: 1.7264 R2: 1.7166 R1: […]

Wave summary: The wave B has turned into an expanded flat correction, with the wave b break below the low of the wave A at 129.53. The low of the wave b was seen at 129.32 and the wave c has been nice and strong and should continue higher towards the 132.90 target before completing […]

Rumors about the normalization of the BOJ’s monetary policy, the threat of a global trade war and the growth of political risks in the Euro area against the backdrop of the Eurosceptic during the parliamentary elections in Italy allowed the “bears” to bring USD/JPY quotes closer to 16-month lows. Safe haven assets are bought as […]

The EU 50 stock index remains stuck in bearish territory as the recent upswing failed to lift the price above its moving averages. The index has now turned lower again after the rebound was halted at the 50% Fibonacci retracement of the downleg from 3688.70 to 3258.70, and is heading towards February’s one-year lows. Momentum […]

Overview The USD/JPY pair succeeded to achieve our next waited target at 105.54 and has settled around it now. Please note that the price begins today with a bearish bias to move below the mentioned level that supports the chance of extending the bearish wave on the short-term basis. We are waiting until the pair […]

The Bank of Canada (BoC) is due to announce its policy decision on Wednesday at 1500 GMT, and expectations are for the Bank to stand pat having raised interest rates at its previous meeting. While markets continue to expect two more hikes by the BoC this year, it will be interesting to see whether officials […]

Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.

Overview GOLD price is trading higher in the pre-market today. The price is set to surpass the EMA50 and settle above it that supports the continuation of the bullish trend on the intraday basis. The way is open to visit 1,335.40 level that represents our next target. Please note that breaching this level will extend […]

Overview Silver is now trading sideways after keeping its stability above the bullish trend line that appears on the chart. This supports the scenario of a further bullish trend on the intraday and short-term basis. This reveals a positive signal through stochastic, waiting to target 17.43 that represents our next main station. We should note […]

EURAUD surged to a fresh 2-year high of 1.5922 during today’s European session after it successfully surpassed the 1.5815 key level. The pair recorded the fifth straight green day and the bullish picture in the short-term is further supported by the technical indicators. It is worth to mention that the price has been developing in […]

US President Donald Trump has threatened the European Union with import tariffs on European cars if the EU decides to retaliate for the introduction of tariffs on imports of steel and aluminum announced by him.”If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will […]

Italy might become a serious problem with the newly elected parliament members The Italian political scene has been unstable for decades as it was capable to establish 65 governments in 73 years, with only Berlusconi maintained power for a full term. The Constitution does not allow for effective governance and implementation of reforms. The result […]

Italy might become a serious problem with the newly elected parliament members The Italian political scene has been unstable for decades as it was capable to establish 65 governments in 73 years, with only Berlusconi maintained power for a full term. The Constitution does not allow for effective governance and implementation of reforms. The result […]

GOLD PRICES held onto last week’s closing level Monday morning in London as the weekend’s national elections in Italy – the Eurozone’s third largest economy – gave no clear winner overall, writes Steffen Grosshauser at BullionVault.   Analysts and traders were further worried by US President Donald Trump’s open declaration of a “trade war”, with […]

Global stock markets saw frenetic trading last week, amid concerns of a trade war and a more aggressive Federal Reserve. A broad sell-off began on Thursday after Trump announced that his administration would impose tariffs on steel and aluminium imports. Although the DOW (US30) initially fell nearly 400 points on Friday, most of the losses […]

Global stock markets saw frenetic trading last week, amid concerns of a trade war and a more aggressive Federal Reserve. A broad sell-off began on Thursday after Trump announced that his administration would impose tariffs on steel and aluminium imports. Although the DOW (US30) initially fell nearly 400 points on Friday, most of the losses […]

This will be an interesting week both from a political and economic data standpoint. The financial community will pay close attention to Donald Trump and the policy he will sign on steel and aluminum. As you recall, last week, following a hastily called meeting by top aluminum and steel manufacturers, Trump announced that his administration […]

This will be a major week for the Australian dollar. From a political standpoint, traders will wait for the retaliatory statements from the Australian government after Trump signs in the new policy on steel and aluminum. After this, traders will focus on the interest rate decision and the GDP numbers. On Tuesday, the Reserve Bank […]

Last year, there was consensus among the financial community that Donald Trump was good for the market. This, coupled with strong earnings from companies made the global stocks markets to realize double digit gains and volatility to remain at a multi-year low. In the beginning of the year, while investors were optimistic about Trump’s deregulatory […]

Here are the latest developments in global markets Forex: The Euro remained under pressure during early European afternoon as Sunday’s elections in Italy which ended to a hung parliament, undermined Eurozone’s prospects, with Eurosceptic parties gaining some ground. However, investors’ confidence on the bloc’s economic performance and an expected grand coalition deal between Merkel’s Conservatives and their previous partners, […]

Let’s see how successful morning session has been for currency traders on this week’s opening trading day. Euro/Dollar declined by 69 pips, but a following rise has taken the pair back near midnight’s level. Turnover is high and neutral sentiment of the traders is close to an even balance. Both sides have had their profit […]

A couple of Ozzy Dollar movers are among the publications for this Tuesday, so let’s take a look. Swiss CPI for February is out first at a quarter past 8 in the morning. Prices slipped by point 1% month on month in January, but they were point 7% up from a year ago. US Factory […]