Brexit Will Be a Long Goodbye

Brexit Will Be a Long Goodbye






The immediate shocks of yesterday’s Brexit decision on the financial markets have already been substantial. Global negative reaction has roiled exchange rates, sending the pound to 30-year lows against the U.S. dollar. Confidence is a key factor for growth that might be hard to come by in the months ahead, starting in the U.K. economy […]






Britain Rejects Socialism, America is Next

Britain Rejects Socialism, America is Next






Britain Rejects Socialism, America is Next Britain has rejected the ultra-big Government and socialism, America is set to elect Trump and reject the Socialism of Obama/Clinton and America’s “Democrats” The result on markets is a massive over reaction, but it is a positive sign that democracy works even in the face of the institutionalized stupidity […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: Liquidity dove and major pairs were confined to their early week’s ranges, as uncertainty reached new highs ahead of the upcoming Brexit referendum. A day before the UK finally votes, a couple of polls showed a small advantage of the “leave” side, pushing Wall Street into the Red, […]






US Dollar ($) ⇨ Japanese Yen (¥) (USDJPY) Trading Outlook

US Dollar ($) ⇨ Japanese Yen (¥) (USDJPY) Trading Outlook






US Dollar ($) ⇨ Japanese Yen (¥) (USDJPY) Trading Outlook FOREX JPY= closed down -0.280 at 104.450. Volume was 87% below average (consolidating) and Bollinger Bands were 54% wider than normal. Open High Low Close Volume___ 104.730 104.850 104.400 104.450 8,472 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period […]






HANG SENG INDEX(INDEXHANGSENG:HSI) Trading Outlook

HANG SENG INDEX(INDEXHANGSENG:HSI) Trading Outlook






Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators. Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas […]






Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Trading Outlook

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Trading Outlook






Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators. Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas […]






Australian Dollar (A$) ⇨ US Dollar ($) (AUDUSD) Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($) (AUDUSD) Trading Outlook






AUTWI closed up 0.400 at 62.500. Volume was -0% below average (neutral) and Bollinger Bands were 24% narrower than normal. Open High Low Close Volume___ 62.500 62.500 62.500 62.500 0 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 62.25 62.76 61.79 Volatility: 11 12 12 Volume: […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: Market’s sentiment continued improve last Friday, although uncertainty over the upcoming Brexit referendum has kept majors within familiar ranges. The decision of several central banks (Fed, BOE, BOJ) to remain on hold last week, is partially influenced by this upcoming event that could crack the EU. The EURUSD closed […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: Markets were rollercoaster’ing Thursday, as adding to 4 Central Banks´ decisions in less than 24 hours, there were rumors pointing to a suspension of the Brexit referendum, after British Parliamentarian Jo Cox was shot dead in the street. PM David Cameron suspended the campaign activity for next week’s referendum […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: Forex markets were thin at the beginning of the day, with the USD easing alongside with risk averse sentiment, and the single currency recovering up to 1.1244, ahead of the US FOMC meeting policy announcement. Once again, the Fed delayed a rate hike, and the USD dove Vs […]






US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) Trading Outlook

US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) Trading Outlook






Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators. Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas […]






British Pound (£) ⇨ US Dollar ($) (GBPUSD) Trading Outlook

British Pound (£) ⇨ US Dollar ($) (GBPUSD) Trading Outlook






Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators. Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas […]






Australian Dollar (A$) ⇨ US Dollar ($) (AUDUSD) Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($) (AUDUSD) Trading Outlook






Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators. Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The USD rose Vs most of its peers, but not those considered safe havens, CHF and JPY, as market’s negative mood prevailed. The EUR and the GBP suffered, with EUR down towards 1.1200, about  50 pips away from the pre-US NFPs report which triggered these last days’ Bullish run, […]






Trading Brexit British Pound (£) ⇨ US Dollar ($) (GBPUSD)

Trading Brexit British Pound (£) ⇨ US Dollar ($) (GBPUSD)






Trading Brexit British Pound (£) ⇨ US Dollar ($) (GBPUSD) FOREX GBP= closed down -0.013 at 1.414. Volume was 4% below average (neutral) and Bollinger Bands were 4% wider than normal. Open High Low Close Volume___ 1.427 1.427 1.409 1.414 103,741 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish The current market […]






US Dollar ($) ⇨ Japanese Yen (¥) Trading Outlook

US Dollar ($) ⇨ Japanese Yen (¥) Trading Outlook






Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators. Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas […]






Australian Dollar (A$) ⇨ US Dollar ($) Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($) Trading Outlook






Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators. Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas […]






FX News: Euro (€) ⇨ US Dollar ($) (EURUSD)

FX News: Euro (€) ⇨ US Dollar ($) (EURUSD)






FX News: Euro (€) ⇨ US Dollar ($) (EURUSD) FOREX EUR= closed down -0.007 at 1.125. Volume was 8% above average (neutral) and Bollinger Bands were 20% narrower than normal. Open High Low Close Volume___ 1.132 1.133 1.124 1.125 79,089 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period […]






FX News: US Dollar ($) ⇨ Japanese Yen (¥) (USDJPY)

FX News: US Dollar ($) ⇨ Japanese Yen (¥) (USDJPY)






FX News: US Dollar ($) ⇨ Japanese Yen (¥) (USDJPY) Shayne Heffernan takes a look at Yen trading this week FOREX JPY= closed down -0.120 at 106.960. Volume was 3% above average (neutral) and Bollinger Bands were 4% narrower than normal. Open High Low Close Volume___ 107.060 107.250 106.530 106.960 69,906 Technical Outlook Short Term: […]






Understanding Japanese Candlesticks

Understanding Japanese Candlesticks






Understanding Japanese Candlesticks If you want to use Candlesticks properly, try our free version of Metastock In the 1600s, the Japanese developed a method of technical analysis to analyze the price of rice contracts. This technique is called candlestick charting. Steven Nison is credited with popularizing candlestick charting and has become recognized as the leading […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: Risk aversion took over the financial world Thursday, with stocks weakening, treasury yields reaching multi-month lows and Gold rallying to a 3 wk high. The catalyst beyond this sudden change in market’s sentiment was Chinese inflation data, up by 2.0% yearly basis, missing expectations of a 2.2% gainer and […]






Trading Strategies: Bollinger Bands and Markets

Trading Strategies: Bollinger Bands and Markets






Bollinger Bands Bollinger Bands are similar to moving average envelopes. The difference between Bollinger Bands and envelopes is envelopes are plotted at a fixed percentage above and below a moving average, whereas Bollinger Bands are plotted at standard deviation levels above and below a moving average. Since standard deviation is a measure of volatility, the […]






US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) Trading Outlook

US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) Trading Outlook






US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) Trading Outlook FOREX CNY= closed down -0.011 at 6.560. Volume was 2% above average (neutral) and Bollinger Bands were 7% wider than normal. Open High Low Close Volume___ 6.571 6.571 6.559 6.560 2,313 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The EURUSD pair traded flat for a 2nd day running, stuck around the 50% Fibo retracement of its May decline, the price zone reached after the grim US NFPs report put the Buck in selloff mode. Tuesday, the pair held within Monday’s range, as a thin economic calendar did […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The currency pair traded uneventfully around its Friday’s high for most of Monday extending its gains up to 1.1392 during the American session, following US Fed’s Yellen hawkish words on a speech over current conditions and the outlook for the US economy in Philadelphia, in where she acknowledged the […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The US monthly NFP’s released last Friday, cast doubts over the possibility of a US rate hike this Summer, triggering a Buck selloff. The world’s largest economy added just 38,000 meaning no jobs, new jobs last May, and March, April saw Southside revisions of 59-K. The unemployment rate fell […]






British Pound (£) ⇨ US Dollar ($) Trading Outlook

British Pound (£) ⇨ US Dollar ($) Trading Outlook






British Pound (£) ⇨ US Dollar ($) Trading Outlook FOREX GBP= closed up 0.010 at 1.452. Volume was 14% above average (neutral) and Bollinger Bands were 28% narrower than normal. Open High Low Close Volume___ 1.442 1.458 1.440 1.452 122,253 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period […]






US Dollar ($) ⇨ Japanese Yen (¥) (USDJPY) Trading Outlook

US Dollar ($) ⇨ Japanese Yen (¥) (USDJPY) Trading Outlook






US Dollar ($) ⇨ Japanese Yen (¥) (USDJPY) Trading Outlook FOREX JPY= closed down -2.340 at 106.510. Volume was 19% above average (neutral) and Bollinger Bands were 31% narrower than normal. Open High Low Close Volume___ 108.860 109.130 106.480 106.510 81,012 Technical Outlook Short Term: Oversold Intermediate Term: Bullish Long Term: Bearish Moving Averages: 10-period […]






EURUSD Why I Expect the Euro to Trade Sub-Par

EURUSD Why I Expect the Euro to Trade Sub-Par






EURUSD Why I Expect the Euro to Trade Sub-Par FOREX EUR= closed up 0.020 at 1.133. Volume was 79% below average (consolidating) and Bollinger Bands were 40% narrower than normal. Open High Low Close Volume___ 1.113 1.135 1.111 1.133 249,816 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The USD started the day broadly lower across the board, then regaining some ground, to finish mixed on the day. The single currency reached a weekly high at 1.1213 early in the London session, and retreated with the release of EU PPI data for April, showing that industrial producer […]






China Implements Fx Trading Reforms

China Implements Fx Trading Reforms






China Implements Fx Trading Reforms $USDCNY The RMB Yuan is facing renewed devaluation pressure over expectations of a US Fed rate hike, but a large RMB Yuan devaluation is unlikely as China continues its market-oriented Fx (foreign exchange) reform. The central parity rate, or the fixing rate of the Chinese currency, had been weakening since […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The USD was/is under selling pressure, on decreasing expectations of a Fed rate hike this month, following another round of US disapointing data. The Markit Manufacturing PMI for May came in at 50.7, above the previously estimated 50.5, but down from 50.8 in April, pointing to the weakest manufacturing performance […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: Month-end fixing alongside with poor US data sent the Buck lower across the board at the beginning of the US session, although the pair remained limited below 1.1200 end the day about unchanged, at the 1.1130/40 area. At the close of trading the USD was mixed to higher across […]






Australian Dollar (A$) ⇨ US Dollar ($) (AUDUSD) Outlook Weak

Australian Dollar (A$) ⇨ US Dollar ($) (AUDUSD) Outlook Weak






Australian Dollar (A$) ⇨ US Dollar ($) (AUDUSD) Outlook Weak FOREX AUD= closed up 0.000 at 0.718. Volume was 99% below average (consolidating) and Bollinger Bands were 13% narrower than normal. Open High Low Close Volume___ 0.718 0.719 0.717 0.718 868 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period […]






Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Outlook

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Outlook






Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Outlook FOREX CNY= closed up 0.019 at 6.581. Volume was 11% above average (neutral) and Bollinger Bands were 39% wider than normal. Open High Low Close Volume___ 6.578 6.582 6.574 6.581 2,418 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period […]






Singapore Dollar Outlook

Singapore Dollar Outlook






Singapore Dollar closed up 0.006 at 1.379. Volume was 22% below average (neutral) and Bollinger Bands were 4% wider than normal. Open High Low Close Volume___ 1.373 1.380 1.372 1.379 19,337 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1.38 1.36 1.40 Volatility: 7 8 8 […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The USD’s upward momentum continued easing Thursday, despite US data beat expectations, as commodities prices rose. The EURUSD rose to 1.1216, but failed to hold gains above the 1.1200 mark, as in the longer run, the market is focused on the upcoming US rate hike. Data coming from the […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: After a quiet start of the day, the USD lost steam after Wall Street’s Wednesday opening, to close the day generally lower across the board. The single currency remained under pressure, as the EURUSD’s intra-day recovery stalled at 1.1165. On the data front Germany released a couple of confidence […]






Chemical Activity Barometer

Chemical Activity Barometer






Chemical Activity Barometer The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), expanded 1.0 percent in May following a revised 0.8 percent increase in April and 0.1 percent increase in March. All data is measured on a three-month moving average (3MMA). Accounting for adjustments, the CAB remains up […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The market resumed USD buying Tuesday, sending the single currency down to 1.1139 a mark last seen on 16 March. The Buck began to advance during the Asian session, particularly Vs the commodity related currencies (NZD, CAD, AUD), which pared losses in Europe, as the strong momentum in […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The week started with thin trading volumes, and with the Buck paring the upward momentum triggered by FOMC Mins. The single currency traded modestly lower, briefly falling below the 1.1200  mark Vs the USD, and holding near the mark into the close. Data coming from Europe was mixed, as […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD Friday, EURUSD closed in the Red for a 3rd week running, with the Buck driven North by FOMC’s Mins pointing for a soon-to-come rate hike in the US. This week will be busy on the macro-economic front, with preliminary PMI readings for the month of May in the EU quick […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The Hawkish tone of the FOMC Mins kept the USD running Thursday, as investors were caught on the wrong side of the market when the Central Bank opened doors for a June rate hike. The Buck strengthened sharply Vs most of its major peers, but corrected lower in the […]






HeffX-LTN FX Report (Daily)

HeffX-LTN FX Report (Daily)






HeffX-LTN FX Report (Daily) $EURUSD, $GBPUSD, $USDJPY, $USDCHF, $AUDUSD, $NZDUSD The USD trimmed gains but remained supported Vs the other peer currencies Wednesday, as FX investors became more cautious ahead of the minutes of the Federal Reserve’s most recent policy meeting due later in the day. USDJPY climbed 0.49% to 109.68. FX market participants were […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: Trading was erratic around the single currency Tuesday confined to a 50 pips’ range. The Buck closed lower across the board, as an uptick in US inflation was not enough to dispel doubts over the next Fed’s rate hike. US headline inflation rose from 0.9% Y-Y to 1.1% Y-Y […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The single currency advanced modestly Vs the Buck Monday. Many European markets were close due to the Whit Monday holiday, leading to limited price action during the London session, situation that extended into the US one. Tuesday the US will release its April inflation figures, expected to advance due […]






First Look at the HEFFX Platform to be Released in Q2 2016

First Look at the HEFFX Platform to be Released in Q2 2016






HEFFX makes algorithmic trading easy for programmers and non-programmers alike. A suite of HEFFX custom trading functions and other tools deliver the easiest automated trading available anywhere in the market today. Platform is a complete end-to-end trading platform supporting Futures, Equities, Options, FX  and CFD  trading. Work on the new build of the HEFFX platform […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: the USD closed last week with gainers Vs most of its peers, getting a boost Friday from some better-than-expected economic data. The improved technical tone of the Buck is not enough to confirm that the US currency will keep rallying, particularly due to the high levels of uncertainty […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD reversed a 6-day decline Wednesday, rallying up to a new weekly high at 1.1446, holding nearby, as USD’s upward strength continued to fade. There were no relevant macro-economic releases Wednesday, with the Key data coming later this week. The US will offer its Retail Sales, PPI and Consumer […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD The EURUSD traded uneventfully for a 2nd straight day, ending flat to unchanged around 1.1380. With no major macro-economic data on tap, speculators struggle to find a new direction for the pair, after it topped at 1.1615, and completed a 50% Fibo downward correction. Germany released disappointing Industrial Production data for […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The majors’ Friday movements extended this Monday, with the USD up Vs all of its major peers, and commodity related currencies (AUD, NZD, CAD) underperforming due to a sharp decline in Crude Oil and Gold’s prices. The Buck got some support from US Fed’s speakers offering a generally […]






Will Brexit Kill the Euro?

Will Brexit Kill the Euro?






The people of Britain are keen to dump their EU partners and go it alone, but leaders from around the world fear such a move may destroy what is left of the European Union. Europe has struggled under poor fiscal management and Britain doe not want to be dragged down buy the EU’s ever increasing […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: The Buck recovered from fresh multi-month lows by the end of last week, although the negative sentiment towards the USD persists, after the release of a mixed April job’s report. According to the latest data, the world’s largest economy added just 160-K new jobs during the month, below market’s […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD The EURUSD finished sharply lower for the 3rd session running, falling to 1.1385 before settling at 1.1400. Japan will resume activity after a 3 day holiday, although the reaction may be limited ahead of the release of the US NFPs (Nonfarm Payrolls) report early Friday. Data has been mixed […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD The Buck advanced Vs most of its peers, edging sharply higher against the CAD and the AUD as commodity related currencies were weighed by falling Crude Oil and Gold prices and poor economic data. The single currency was unable to recover above the 1.1500 mark, and ended the day […]






EURUSD Technical Outlook (Daily)

EURUSD Technical Outlook (Daily)






EURUSD Technical Outlook (Daily) Euro $EURUSD The Buck posted a strong comeback in the US afternoon after falling to new YTD lows Vs most of its peers. Commodity related currencies (AUD, NZD, CAD) underperformed, with the Loonie falling with Crude Oil and the Aussie hit by a surprise rate cut announced by the RBA early. […]






EUR/USD Technical Outlook (Daily)

EUR/USD Technical Outlook (Daily)






EUR/USD Technical Outlook (Daily) Euro $EURUSD The USD Bearish trend extended to fresh lows at the beginning of May, down against all of its peers. The EURUSD advanced up to 1.1534, a mark last seen in August 2015 when Chinese Black Monday sent the USD sharply hundred of pips lower across the board. In the […]






Bitcoin Trading Outlook

Bitcoin Trading Outlook






NYSE BitcoinIndx closed up 4.064 at 449.934. Volume was -0% below average (neutral) and Bollinger Bands were 11% narrower than normal. Open High Low Close Volume___ 449.934 449.934 449.934 449.934 0 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 445.95 425.01 351.74 Volatility: 29 27 67 […]






EUR/USD Weekly Technical Outlook

EUR/USD Weekly Technical Outlook






EUR/USD Weekly Technical Outlook Euro $EURUSD EUR/USD’s strong rise last week augurs a consolidation pattern from 1.1464 has completed at 1.1217 already. Initial bias is on 1.1464 and breakout will confirm this. In such case, EUR/USD will target 1.1713 resistance next. But, expect strong resistance from 38.2% Fibo retracement of 1.3993 to 1.0461 at 1.1810 […]






Technical Analysis for EURUSD (Daily)

Technical Analysis for EURUSD (Daily)






Technical Analysis for EURUSD (Daily) Euro $EURUSD EURUSD The US Fed (FOMC), the Bank of Japan (BOJ) decided to stay the course, with Mr. Kuroda saying they need more time to assess the effects of negative rates. The EURUSD pair, despite reaching a WTD high at 1.1367, was unable to benefit, as data coming from […]






Technical Analysis for EURUSD (Daily)

Technical Analysis for EURUSD (Daily)






Technical Analysis for EURUSD (Daily) Euro $EURUSD EUR/USD Currency trading was limited ahead of the FOMC policy results, the committee reiterated that it will probably raise rates at a gradual pace. The US Fed’s statement failed to clearly indicate an upcoming rate hike, and chances have diminished for a move during the June meeting. After […]






Australian Dollar (A$) ⇨ US Dollar ($) (AUDUSD) Trading

Australian Dollar (A$) ⇨ US Dollar ($) (AUDUSD) Trading






Australian Dollar (A$) ⇨ US Dollar ($) (AUDUSD) Trading FOREX AUD= closed down -0.015 at 0.759. Volume was 14% below average (neutral) and Bollinger Bands were 9% narrower than normal. Open High Low Close Volume___ 0.775 0.776 0.758 0.759 74,989 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bullish Moving Averages: 10-period 50-period […]






Technical Analysis for EURUSD (Daily)

Technical Analysis for EURUSD (Daily)






Technical Analysis for EURUSD (Daily) Euro $EURUSD EUR/USD Major currencies’ pairs are mostly stable in Asia ahead of the upcoming Central Bank’s (Fed, BOJ) events. The London opening brought some USD selling interest, with Buck weakening Vs most of its major peers, and accelerating its decline after the release of March US Durable Goods orders, […]






Bitcoin Trading Outlook

Bitcoin Trading Outlook






Bitcoin looks like it is headed back to $500, the digital currency has almost doubled since October 2015. Interest in Bitcoin in China and the Middle East is still strong and in many countries just starting to grow. COSTAS INC COM (OTCMKTS:CSSI) a New Exchange in Dubai is expecting trading in that region to more […]






Technical Analysis for EURUSD (Daily)

Technical Analysis for EURUSD (Daily)






Technical Analysis for EURUSD (Daily) Euro $EURUSD EURUSD The majors currency pairs saw a lackluster Monday with little definitions, but the USD edged lower and the GBP outperformed due to diminishing fears over a Brexit. A light macro-economic calendar and some soft date in the US housing sector during the American afternoon led the Buck’s […]






Technical Analysis for EURUSD (Daily)

Technical Analysis for EURUSD (Daily)






Technical Analysis for EURUSD (Daily) Euro $EURUSD EUR/USD The USD closed the week with a firm tone against most of its peers, mostly weighed by the nonevent that was the ECB meeting. The EURUSD pair closed the week a couple of pips above the 38.2% Fibo retracement of its latest Bullish run between 1.0821 and […]






US RMB Yuan Trading, Clearing Advocates Rally the Need

US RMB Yuan Trading, Clearing Advocates Rally the Need






US RMB Yuan Trading, Clearing Advocates Rally the Need The US market’s USD-centric approach is changing with the RMB Yuan becoming more internationalized. The heads of a US working group formed to push use of the Chinese currency in the United States claim that expanding RMB trading and clearing there will help both the Chinese […]






Technical Analysis for EUR/USD (Daily)

Technical Analysis for EUR/USD (Daily)






Technical Analysis for EUR/USD (Daily) Euro $EURUSD EUR/USD Thursday, the market focus was the ECB and its economic policy meeting. As expected, the European Central Bank did not announce any new measures, centering on the implementation of the batch of policies announced last month. The USD turned South ahead of the event, and the EUR/USD […]






Bitcoin Trading Outlook

Bitcoin Trading Outlook






NYSE BitcoinIndx closed up 6.052 at 436.272. Volume was -0% below average (neutral) and Bollinger Bands were 67% narrower than normal. Open High Low Close Volume___ 430.216 436.272 430.216 436.272 0 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 426.47 417.14 345.91 Volatility: 11 36 67 […]






Technical Analysis for EUR/USD (Daily)

Technical Analysis for EUR/USD (Daily)






Technical Analysis for EUR/USD (Daily) Euro $EURUSD EUR/USD The USD edged higher Vs most of its peers Wednesday, exception made by commodity currencies (AUD, CAD, NZD), which held on to gains as Crude Oil prices rallying to fresh yearly highs. The US EIA report surprised with a smaller-than-expected increase in Crude Oil stockpiles, and distillates […]






Technical Analysis for EUR/USD (Daily)

Technical Analysis for EUR/USD (Daily)






Technical Analysis for EUR/USD (Daily) Euro EUR/USD The USD resumed its decline Tuesday, falling to fresh multi-month lows Vs most of its peers. Risk on lead the way, fueled by another daily gain in Crude Oil prices that extended above Friday’s closing marks. The single currency moved to 1.3780 Vs the Buck finishing near its […]






Technical Analysis for EUR/USD (Daily)

Technical Analysis for EUR/USD (Daily)






Technical Analysis for EUR/USD (Daily) Euro EUR/USD Risk aversion led the way Monday, after Crude Oil producers failed to reach an agreement at the Doha meet. The single currency was unable to run and held below 1.1330, that the base of the range that contained price for much of the last 2 weeks. The EUR/USD […]