“Do Not Be Fooled, There is No Economic Recovery”

“Do Not Be Fooled, There is No Economic Recovery”






“Do Not Be Fooled, There is No Economic Recovery” $GLD Peter Schiff, CEO of Euro Pacific Capital, advises that savvy investors should not be fooled by reports of any economic recovery. And the same investors should continue to buy Gold despite the pullback. “I’m certain that all this talk about a recovery is wrong,” Mr. […]






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, […]






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 […]






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 […]






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) 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) 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) 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 […]






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) 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. […]






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, […]






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 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 […]






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) 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 […]