I have been looking for a good opportunity to enter in a long USDCAD trade for quite some time now. It looks like the stars might have just aligned in the right direction. I am looking at the 4H chart at the moment. It seems like we are not only in an uptrend, but also … “Long USD/CAD trading opportunity on the 4H chart”
Month: November 2017
Pound Rallies on Hopes for Progress in Brexit Talks
The Great Britain pound rose today amid hopes about progress in the Brexit talks. There are reports that Britain’s Prime Minister Theresa May wants to increase the amount Britain will pay the European Union for leaving to break the deadlock in Brexit negotiations, and UK ministers may back such measure. The initial offer was â¬20 billion, which is now expected to be increased to â¬40 billion, and that is closer … “Pound Rallies on Hopes for Progress in Brexit Talks”
Euro Bounces After Decline Caused by Failed German Coalition Talks
The euro fell intraday after the news that German Chancellor Angela Merkel failed to form a coalition government. Yet the currency has bounced against most of its rivals by now, trading near the opening level. Merkel’s bloc led by Christian Democrats weakened after winning the September election with a lower number of seats, making the German Chancellor to seek an alliance with other parties in hope to form a coalition government. So far, … “Euro Bounces After Decline Caused by Failed German Coalition Talks”
One Of The Biggest Opportunities Yet? GBPCHF Wave Analysis
Earlier this year I used Elliott Wave analysis to find my biggest opportunity to date. In USDCAD, I was able to pick the top from an entire year of consolidation and the ensuing move was over 1600 pips to the downside! Now, risking only 20 pips meant the potential on this trade was huge and one could’ve almost … “One Of The Biggest Opportunities Yet? GBPCHF Wave Analysis”
EUR/USD: Close To Fair Value; What’s Next? – Barclays
Euro/dollar is relatively stable at a somewhat higher ground. Has it reached a new balance? Here is the view from Barclays: Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research discusses its EUR/USD outlook going into 2018, expecting a flat profile around 1.17 level into Q1 of next year before breaking higher towards … “EUR/USD: Close To Fair Value; What’s Next? – Barclays”
Dollar Soft amid Continuing Uncertainty About US Tax Reform
The US dollar was soft during the past trading week, falling against its major rivals, as markets continued to watch the developments in the US tax reform story. Uncertainty about the tax bill made the currency ignore some positive economic reports. The House of Representatives has passed its version of the legislation, but the story if far from over. The plan presented by the Senate differs by the one proposed by the House, meaning that the two … “Dollar Soft amid Continuing Uncertainty About US Tax Reform”
EUR/USD to 1.19 in 2017 and beyond in 2018? Two opinions
EUR/USD had a positive week, gaining some ground within the range. Can it extend its gains further? Here are two opinions: one for 2017 and the other for 2018: Here is their view, courtesy of eFXnews: EUR/USD: Price-Action Into Year-End; 1.19-1.20 Or Bust – ANB AMRO ABN AMRO FX Strategy Research discusses EU/USD outlook and … “EUR/USD to 1.19 in 2017 and beyond in 2018? Two opinions”
British Pound Declines Against US Dollar on Strong Housing Data
The British pound today declined against the US dollar after the release of positive US housing starts and building permits data. The GBP/USD currency pair reversed all its earlier gains made during the early European session after an initial decline triggered by uncertainties regarding the ongoing Brexit negotiations. The GBP/USD currency pair declined by over 90 points from its two-week high of 1.3260 to hit a daily low of 1.3169 during … “British Pound Declines Against US Dollar on Strong Housing Data”
Canadian Dollar Firm Despite Falling Employment
The Canadian dollar gained even though nation’s employment dropped last month. Other economic reports were good, though. Automatic Data Processing reported that Canadian employment shrank by 5,730 in October from the previous month. ADP usually releases employment data for the United States, and it was the first such report for Canada, therefore it is hard to assess how data from the agency will be impacting markets … “Canadian Dollar Firm Despite Falling Employment”
EUR/USD Trades Sideways on Eurozone and US Data
The EUR/USD currency pair was on a downtrend for most of the European session after the release of Eurozone CPI data for October. The pair later rebounded in the early American session after the release of US macro data. The EUR/USD was trading in a 45 point range after hitting a high of 1.1800 early in the European session followed by a steady decline to a daily low of 1.1756 in the mid-European session. Th release of the Eurozone CPI data by Eurostat at 10:00 GMT contributed … “EUR/USD Trades Sideways on Eurozone and US Data”