While the focus of investors on foreign exchange is the policy, the most interesting currency of the week will be the Japanese Yen. BoJ’s strategy of targeting the yield curve made it more sensitive to the rates of the US debt market, with the increase in uncertainty leading to a decline in the USD/JPY quotes. […]

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Overview The GBP/JPY pair repeated the sideways trading recently by settling above the key support 147.35, affected by the continuous contradiction between the major indicators until this moment. We remind you that resuming the bullish attack urges gathering new bullish momentum to manage to reach the first target at 150.00 followed by the price movement […]

Overview The USD/JPY pair begins to decline calmly affected by the negative overlapping signal that comes from the stochastic now, which supports continuation of our bearish trend expectations in the upcoming sessions. We wait for breaking 111.00 to open the way for heading to the next correction level at 110.15 as the next main station. […]

Overview GOLD price keeps on trading higher, bouncing off 1,299.20 level. Traders are waiting until this level is breached to confirm the extension of gold gains to reach 1,321.50 on the near-term basis. In general, we will keep our positive expectations for today unless 1,281.17 level is broken and the price is holding below it. […]

Overview Silver price didn’t show any strong move in the recent days. Silver is trading stable near 17.00. Therefore, the bullish scenario will remain valid as it is without any change for today. The scenario depends on the stability above 16.56 level. Let me remind you that breaching 17.43 level is required for opening the […]

With US new home sales being the day’s major release during today’s session, upcoming developments, such as US tax reform deliberations and Brexit negotiations, were in Forex market participants’ minds during today’s European session. Meanwhile, the Yen was advancing on some softness in Asian and European equity markets. At 1523 GMT, the dollar index, which […]

The BITCOIN (BTC) has been trading upwards. The price spiked highher and tested the level of $9,709. A roller-coaster which has long been synonymous with the cryptocurrency markets, is facing a clampdown. Bittrex has emphasized its determination to combat the practice, which persists on several exchanges. In an update to its terms of service, Bittrex […]

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1957. According to the 30M time – frame, I found a broken symmetrical triangle, which is a ign that buyers are in control. I also found the price is trading above the intraday pivot (1.1904), which is another sign of strength. […]

UK100 paused its recent downtrend at a six-week low of 7349.80 on November 20 and has been trading flat around that level since then, painting a neutral picture in the short-term. In the medium-term, the index is also in a consolidation phase. The index is currently located inside the Ichimoku cloud, retracing the 50% Fibonacci […]

New Zealand new government’s policies will boost GDP, inflation and possibly the OCR. Increased government spending will certainly boost activity, but a decrease of private activity must also be considered. Meanwhile, the Government’s plans to cool the housing market and reduce net migration will weigh on the economy next year, so that the Reserve Bank […]

The last minutes of Friday’s trading were not favorable to South African Rand, who became the hostage of messages coming from two of the largest rating agencies. At the end of the week, Standard & Poor’s analysts decided to cut the South African debt rating to rubbish, which should be linked primarily to public finances. […]

Recently, the USD/JPY pair has been trading downwards. The price tested the level of 111.09. According to the 30M time – frame, I found a broken bearish flag formation, which is a sign that sellers are in control. I also found a hidden bearish divergence on the moving average oscillator, which is another sign of […]

Technical outlook: The EUR/USD pair has finally pushed through the expected levels, extremely close to 1.1950/75 today. The pair again remained shy of testing its resistance at 1.1975 levels before retracing lower. Please note that there still remains a good probability for a push through the fibonacci convergence at 1.1975, before finally reversing lower again. […]

EUR/USD: This currency trading instrument went sideways on Monday and Tuesday and then began moving upwards until the end of the week. A minimum of 210 pips has been gained, as price closed above the support line at 1.1900, going towards the resistance line at 1.1950. The resistance line would even be exceeded. USD/CHF: The […]

GOLD BUYING grew on Monday morning as Asian stocks resumed their decline and the US Dollar dropped to a 2-month low ahead of tomorrow’s key US Congressional hearing on Donald Trump’s choice of Jerome Powell to replace Janet Yellen as head of the Federal Reserve, writes Steffen Grosshauser at BullionVault.   With US consumers expected […]

GOLD BUYING grew on Monday morning as Asian stocks resumed their decline and the US Dollar dropped to a 2-month low ahead of tomorrow’s key US Congressional hearing on Donald Trump’s choice of Jerome Powell to replace Janet Yellen as head of the Federal Reserve, writes Steffen Grosshauser at BullionVault.   With US consumers expected […]

GOLD BUYING grew on Monday morning as Asian stocks resumed their decline and the US Dollar dropped to a 2-month low ahead of tomorrow’s key US Congressional hearing on Donald Trump’s choice of Jerome Powell to replace Janet Yellen as head of the Federal Reserve, writes Steffen Grosshauser at BullionVault.   With US consumers expected […]

Overview: The EUR/USD pair broke resistance which turned to strong support at the level of 1.1908. However, the major support is seen at the price of 1.1870. The level of 1.1870 coincides with the ratio of 78.6% of Fibonacci, which is expected to act as major support today. The Relative Strength Index (RSI) is considered […]

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 […]

Overview: The GBP/USD pair is still trading upwards above the levels of 1.3017 and 1.3200. The first support level is currently seen at 1.3017. The trend is still set above the level of 1.3017 and 1.3200 for that the price is moving in a bullish channel now. Furthermore, the price has been set above the […]

Asian equities were broadly on the decline today. The Japanese Nikkei 225 and Topix Indices both finished the day lower by 0.2% after erasing earlier gains. Hong Kong’s Hang Seng Index declined by 0.6% and the Shanghai Composite fell by 0.9%. Australia’s S&P/ASX 200 added 0.1%. The Thanksgiving holiday in the US during the previous […]

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. […]

On Monday, the US Dollar is slightly stronger against the main currencies except for JPY, although moves remain small compared to the downtrend before the weekend. Asian Indices go back due to the falling market in China. Crude Oil is in pull-back, GOLD remains in place. On Monday 27th of November, the event calendar is […]

The Philippines Securities and Exchange Commission (SEC) has announced that it is considering steps to legalize the use of digital currency by classifying them as securities. This idea is a consequence of the recent issuance by regulators of regulations on cryptanalysts such as BITCOIN. At the end of November 2017 at the press conference, SEC […]