The Financial Times reported that the United States and China settled most of the issues that prevented the conclusion of an agreement. Myron Brilliant, executive vice president and head of International Affairs at the U.S. Chamber of Commerce, said: “The deal was agreed on by 90%.” So the end of the trade wars is getting closer. Such news is extremely positively...
By Andria Pichidi - November 15, 2018 The Kiwi is doing extremely good the past month, and more precisely after the inflation release on October 16, above expectations at 0.9% in Q3 after the 0.4% q/q rise in Q2. Recently the employment gain on November 7, was well in excess of projections, while the drop in the jobless rate was contrary to projections for a...
Hello Traders, To sum up recent activities, EUR/USD rallied to 1.144 7 days in a row last week after having bottomed at 1.117 (61.8 fibo level of 2017-2018 uptrend) and stopped the rally around the 50% fibo of the same uptrend. Dovish fed underpinned the euro further more during the rally. However, the next day after the fed it erased most of the gains and...
EUR/USD has been stuck in a tight range since October between 1.1215 and 1.15. The pair is underpin by trade relief between China and the US and dovish Fed, but an economic slowdown in Europe and brexit is limiting its gains. Uncertainties around the euro zone remain high, but I think that a breakthrough is around the corner. This range will stay until a major...
Technical Analysis and Outlook The Euro Dollar, coming off the celebration of its 20th birthday, shows the winning side of the Monday trading session, by ramming through Mean Res 1.1380 with ease. Presently the currency pair is in the no-mans-land territory. On the upside, we see Mean Res 1.1470 as an intermediate stop, while Key Res 1.1540 might be a...
Since the first quarter of 2015, the EUR/USD has been in an accumulation range until a breakout to the upside in May 2017. Price has now pulled back to the POC (point of control) on the weekly chart, which is a retest of the prior range. A weekly buy pivot is now forming at the 50% Fibonacci level. A long entry signal on the daily chart has now printed.
Bearish trend could be defined at 14:00 on Monday when the ECB President gives his speech. On Tuesday we have the UK on brexit talks for a parliamentary vote on Brexit Plan B. Wednesday is going to be an important day because of the CPI YoY release by the US; also, Harmonized Index of Consumer Prices YoY will be released in Germany which is a major influence in...
In spite of all the major banks forecasting higher EURUSD rate for 2019, I believe there is more risk in the eurozone than in US. Namely: - Eurozone industrial production falling - Germany close to technical recession - Brexit, EU parliamentary vote - Mario Draghi admitting eurozone growth slowing down -> rate hike far away. Technicals: -Weekly 61.8 support -...
... Before finding a convincing bottom. Listed Spain, Fance, Germany, Denmark, Sweden and Finland divided by 6 and by euro index. Not trading advice, just an idea to see new points of view to the situation.
How does a bank make money when real interest rates are negative? ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
By looking at the 4-hour chart and the daily chart, the EUR/USD currency pair has taken a turn to the upside. The pair had rebounded from 1.1211 a hair below our hypothesized bullish entry point of 1.1215. The pair had a 2.5% probability of falling lower than our hypothesized support area. However, we deduced that for something like that to happen, there would...
As the economies of Canada and the Eurozone continue to diverge, EUR/CAD is likely to test much lower levels. The recent rally presents us with a good opportunity to get involved.
I think we still maintain an overall Neutral to Bearish bearish tone if the EURUSD is below 1.1790 . if EURUSD > 1.1790 == Bullish bias if EURUSD < 1.1790 == Bearish bias if EURUSD < 1.1650 == strong Bearish bias With a bearish engulfing candle on 3-hr chart , we are short until 1.1595 Entry: SELL Size: 5 Lots ( Std or Mini or Micro ) Entry...
i think today's member Haldane ( Chief Economist at the Bank of England ) speech will decide whether the pair is gonna break the zone or not let's watch and see
I will not tackle this market quantitatively. Even though there were good data supporting the euro and eurozone stability. But the markets want to push euro further downwards. I've been bullish on euro on the initial 1.1300 break out when all retail was short. Now I see more retail guys coming in strong buying the eurusd pair. The bears know this and are still...
These are price zones that Fibonacci analysis show to be important points. Chart is expanded vertically to reduce overlap in price labels. There are zones above and below currently display, drag chart around. - - See the Related Ideas below for ideas on how I use such zones.
Except germany nearly all countries are in debt crisis. Forex scheme players made eeuro rally but this rally is like a dead cat. This is fake. Dont fool people man. Forex is a illusion game. For me i see no tech in eeuro zone no army no interest rate. Only BUUBBBBLEEEE.. Only More DEBT.. Like greece all of them nearly bankrupt.