Data released earlier today showed that Chinese trade data beat expectations in November, with strong annual import and export growth as well as a higher trade surplus. Data from China’s General Administration of Customs showed November imports grew, in USD terms, by 17.7% (prev. 17.2%) and November exports grew, in USD terms, to an impressive […]

USDCAD is rising back to the upper end of its range that has been forming since late October. Momentum strength is relatively weak as can be seen by the RSI. The short-term neutral phase is expected to continue as long as the pair is capped by the 200-day moving average. USDCAD has been unable to […]

All our upside targets which we predicted in yesterday’s analysis have been hit. The pair proceeds toward the overhead resistance at 114 while maintaining its footing on an uptrend drawn from December 6. Extra support is provided by the ascending 20-period moving average. Meanwhile, the relative strength index has entered the over-bought region of the […]

When the European market opens, some Economic Data will be released, such as French Industrial Production m/m, French Gov Budget Balance, and German Trade Balance. The US will release the Economic Data, too, such as Prelim UoM Inflation Expectations, Final Wholesale Inventories m/m, Prelim UoM Consumer Sentiment, Unemployment Rate, Non-Farm Employment Change, and Average Hourly […]

In Asia, Japan will release the Economy Watchers Sentiment, Average Cash Earnings y/y, Final GDP Price Index y/y, Current Account, Bank Lending y/y, and Final GDP q/q data, and the US will release some Economic Data, such as Prelim UoM Inflation Expectations, Final Wholesale Inventories m/m, Prelim UoM Consumer Sentiment, Unemployment Rate, Non-Farm Employment Change, […]

Overview: The resistance levels are seen at the price of 0.6880 and 0.6895. The level of 0.6944 represents the double top on the H4 char. Also, it should be noticed that the NZD/USD pair has fallen below 0.6944 hours after hitting a new all-time high in December. The pair has already formed minor resistance at […]

Overview: The Swissy (Franc) hit the new high at the level of 0.9950. Also, it should be noted that the USD/CHF pair is down more than 20 pips after hitting a new high. The USD/CHF pair continues to move upwards from the level of 0.9806. Yesterday, the pair rose from the level of 0.9806 to […]

Eurozone The first signs of a decline in activity in the eurozone increase the chances of a reversal in the main currency pair in favor of the dollar. The confidence index of Sentix investors decreased in December to 31.1 points, which is lower than the forecast of 33.6 points and lower than the level of […]

BITCOIN has been breaking several records for the last few days and is currently residing above the record high price of $14,800. Bitcoin is expected to be quite corrective with the gains before the launch of Bitcoin futures on 10th and 18th December but before that price has acted quite impulsively with the gains which […]

Recently, GBP/USD has been trading downwards. The price tested the level of 1.3319. Anyway, according to the 1H timeframe, I found a strong rejection from the lower diagonal of the downward channel, which is a sign that selling looks risky. I also found a hidden bullish divergence on the moving average oscillator, which is another […]

Markets are widely expecting the Fed to finish the year with a third-rate hike in December as the US economy grows above expectations and the unemployment rate is currently at the lowest tracked since 2000.  Hence, the NFP report released this Friday is less likely to change the Fed’s mindset at next week’s policy meeting. However, what could […]

AUD/JPY has been impulsively bearish recently after bouncing off the 85.50 and dynamic level of 20 EMA as resistance. AUD/JPY is currently residing inside the support area of 84.40 to 85.40 which is expected to be broken lower in the coming days. JPY has been stronger than AUD recently as the Australian economy was recently […]

Recently, the USD/JPY pair has been trading upwards. The price tested the level of 112.80. According to the 30M time – frame, I found that price has broke an intraday upward channel, which is a sign that buying looks risky. I also found hidden bearish divergence on the stochastic oscillator, which is another sign of […]

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In general terms, the currency market is calm in the last days and the main currency pairs respect the existing consolidation zones. One can see a lack of willingness to be more strongly involved in the direction, waiting for the situation to clear up on the subject of the US tax law, NFP, and Brexit […]

Governments have abused and distorted our money. How about a ‘BITCOIN standard’…?   THIS is a subsection of a book that’s coming later.   It seemed worth publishing now, writes Paul Tustain, founder and chairman of BullionVault and co-founder of WhiskyInvestDirect.   What is money? Strangely, for something with which we are all so familiar, not one person in […]

It’s the end of the European trading on this Thursday; let’s look back at what’s been moving and shaking in the currency markets. New Zealand/Dollar is the mover of the day, having lost point 64%. The pair was moving lower for most of the day. There has been a rather notable shift in trend, as […]

Technical outlook: The daily chart setup has been presented with the most probable wave count for a medium-term outlook in EUR/USD. A simple wave count describes that the pair might have already completed its 5 wave advance in 2017 from 1.0350 through 1.2092 levels respectively. The same has been labelled as wave (1) here. Furthermore, […]

BITCOIN (BTC) has been trading upwards. As I expected, the price tested the level of $14,657. A recently-announced Russian presidential candidate, Boris Titov, is a bitcoin advocate. He promises to legalize bitcoin and other cryptocurrencies if elected. Titov is a friend with President Vladimir Putin and heads up his efforts to fight corruption. He has […]

NZD/USD is under pressure and expected to trade in a lower range. The pair remains under pressure below its negative trend line, and is expected to post new weaknesses towards 0.6815. The key resistance at 0.6870 also maintains the selling pressure on the prices. Last but not least, the relative strength index is turning down, […]

Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick bullish advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside. Recent bearish pullback was executed […]

GOLD PRICES cut this year’s gain below 9% for US Dollar investors in London trade Thursday morning, dropping to new 4-month lows beneath $1255 per ounce as crypto-currency BITCOIN surged past $15,000 for a 2017 gain of 1,456%.   Commodities today slipped overall after Wall Street stock markets closed lower overnight for the fourth session […]

The Trump Administration announced their official recognition of Jerusalem to the reaction of Muslim nations around the world. Although the dollar did experience a slight slump, it seems that markets might be holding their breaths for tomorrow’s NFP announcement. Why is this significant though, other than the potential rift that could potentially be created between […]

Here are the latest developments in global markets: Forex: The dollar index moved higher to a fresh two-week high of 93.73 (+0.13%) as a layer of uncertainty was removed after the US Senate Republicans and the House of Representatives agreed yesterday to continue talks on tax reforms. However, risks remain on the side of the […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]