Recently we looked at a few bearish candles coming off weekly resistance here on the GBPCHF daily chart, speculating future weakness. There was a bit of sideways chop here around this major level, which is to be expected. Now price has broken free of the consolidation structure and pushed into lower lows. The last two … “GBPCHF Weakness Continues – Bearish Rejection Sell Signal”
Category: Opinions
USD/CAD: Trading the Canadian GDP Sep 2015
Canadian GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Wednesday at 12:30 … “USD/CAD: Trading the Canadian GDP Sep 2015”
EUR/USD: Trading the CB Consumer Confidence
US CB Consumer Confidence is based on a monthly survey of about 5,000 U.S. households regarding their opinion of the economy. Traders should pay close attention to its release, which always has a strong impact on market prices. A higher reading than the market forecast is bullish for the dollar. Here are all the details, and … “EUR/USD: Trading the CB Consumer Confidence”
*Trade Update* USDSGD: Price Action Buy Signals @ Major
Last week the fed ‘played their hand’, and decided not to raise interest rates in the US. It was this year’s highly anticipated news that forced the market to remain in consolidation holding patterns until the decision was announced, so investors knew where they stood. Initially the USD weakened off the back off the release, but quickly started to show … “*Trade Update* USDSGD: Price Action Buy Signals @ Major”
EUR/USD to 1.05 by year end – Deutsche Bank
EUR/USD experienced a roller coaster week, eventually closing lower despite not so dovish words from Draghi. This could continue, says the team at Deutsche Bank, citing the specific source of weakness: Here is their view, courtesy of eFXnews: “EUR/USD has strengthened over the summer despite the large dollar rally. This reveals a significant shift in … “EUR/USD to 1.05 by year end – Deutsche Bank”
Catalonia’s elections could result in fresh risk for the
The critical elections in Catalonia on September 27th could result in an outright majority for secession from Spain, something considered unthinkable only a few years ago. While Greece, is out of the headlines, a new risk to the euro-zone could emerge from the other side of the Mediterranean. Such an outcome does not mean an independent … “Catalonia’s elections could result in fresh risk for the”
USD/JPY: Trading the US Final GDP
US Preliminary Gross Domestic Product (GDP) measures production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Friday at 12:30 GMT. … “USD/JPY: Trading the US Final GDP”
Dollar defies doves – on the Fed, Greece and more
No hike didn’t mean no dollar drive higher. What’s going on? We digest the dovish Fed from all angles, before looking at the implications of the Greek elections and looking at the never resting markets. You are welcome to listen, subscribe and provide feedback. After the Fed: The Fed did NOT raise rates and went dovish in … “Dollar defies doves – on the Fed, Greece and more”
EUR/USD: Trading the German IFO Sep 2015
German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed about current business conditions and their expectations concerning economic performance over the next six months. A reading which is higher than the estimate is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. … “EUR/USD: Trading the German IFO Sep 2015”
AUD/USD: Trading the Chinese Caixin PMI Sep 2015
Chinese Caixin Flash Manufacturing PMI is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in China, and a reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes … “AUD/USD: Trading the Chinese Caixin PMI Sep 2015”