USD/JPY rejected resistance level Japan’s Flash Manufacturing PMI World Economic Forum Annual Meetings Day 2 Price Movement Overall since yesterday, USD/JPY has been moving downwards. Trend USD/JPY is trending upwards. Macro Background The Manufacturing PMI measures the level of a diffusion index based on surveyed purchasing managers in the...
AUD/USD rejected support level Australian Employment Change & Unemployment Rate data World Economic Forum Annual Meetings Day 2 Price Movement Since yesterday, AUD/USD has been moving within a 20pips range until the release of the Australian employment data, where AUD/USD shot up. Trend AUD/USD is trending upwards. Macro Background The employment...
World Economic Forum annual meetings Core Retail Sales m/m Price Movement Since yesterday, USD/CAD has been moving within a 35pips range. Trend USD/CAD’s overall trend is downwards. Macro Background Core Retail Sales, which measures the change in the total value of sales at the retail level (excluding automobiles), is expected to perform poorer than...
World Economic Forum annual meetings Price Movement Since yesterday, EUR/USD has been moving within 40pips. Trend EUR/USD is trending downwards. Macro Background None. Important Issue The first day of the World Economic Forum annual meeting will start today. Comments made by highly influential figures may cause market volatility. Technical...
GBP/USD rally World Economic Forum annual meetings Price Movement Since yesterday, GBP/USD rallied for around 100pips before moving down steadily for around 30pips. Trend GBP/USD is trending upwards. Macro Background None. Important Issue The first day of the World Economic Forum annual meeting will start today. Comments made by highly influential...
Trade Balance BOJ Outlook Report (Tentative) Monetary Policy Statement (Tentative) BOJ Press Conference (Tentative) Price Movement Since yesterday, USD/JPY declined and ascended back to the same price level. Trend USD/JPY is trending upwards. Macro Background Released monthly, Trade Balance measures the difference in value between imported and...
AUD/USD at support level World Economic Forum annual meetings Price Movement Since yesterday, AUD/USD has been moving within a 30pips range. Trend AUD/USD is on an uptrend. Macro Background None. Important Issue The first day of the World Economic Forum annual meeting will start today. Comments made by highly influential figures may cause market...
USD/CAD testing resistance Price Movement Since yesterday, USD/CAD has been moving higher. Trend USD/CAD’s overall trend is downwards. Macro Background None. Important Issue None. Technical USD/CAD has broken pass the 1.33 price level and is currently testing the resistance level of 1.33351. Price Levels Current Price: 1.33257 Next Support:...
Brexit uncertainty Price Movement Since yesterday, EUR/USD has been moving downwards . Trend EUR/USD is ranging. Macro Background None. Important Issue Last night, British Prime Minister Teresa May’s announcement of her Brexit Plan B led to the disappointment of many as her Plan B is very similar to the initial Plan A. Technical Price is...
British Average Earnings Index 3m/y British Unemployment Rate Brexit uncertainty Price Movement Since yesterday, GBP/USD has been more on the bearish side. Trend GBP/USD is trending upwards. Macro Background Average Earnings Index, a leading indicator of consumer inflation that measures the change in the price businesses and the government pay for...
BOJ Core CPI y/y Price Movement Since yesterday, USD/JPY has been moving within a 60pips range. Trend USD/JPY is trending upwards. Macro Background Core Consumer Price Index (CPI), an inflation indicator that measures the change in the price of goods and services (excluding food and energy) purchased by consumers, was released at a worse than expected...
AUD/USD testing support Price Movement AUD/USD is currently moving downwards Trend AUD/USD is trending upwards. Macro Background None. Important Issue None. Technical AUD/USD is currently testing the 0.71339 support. Price Levels Current Price: 0.71353 Next Support: 0.71339 Next Resistance: 0.72088
USD/CAD heading towards 1.33 level U.S. Bank Holiday Price Movement USD/CAD is currently bullish. Trend USD/CAD has been in a 60pips range for the past one week. Macro Background None. Important Issue Expect lower trading volatility and volume today as U.S. banks will be closed in observance of Martin Luther King Jr. Day. Technical USD/CAD is...
German PPI m/m EUR/USD moving towards the 1.14 level U.S. Bank Holiday Price Movement EUR/USD has been moving upwards from the start of this week. Trend EUR/USD has been moving on a wide range since last December. Macro Background Producer Price Index (PPI), a leading indicator of consumer inflation, measures the change in the price of goods sold by...
GBP/USD’s bearish movement slows down U.S. Bank Holiday Price Movement GBP/USD has been bearish since last Friday. Trend GBP/USD’s long-term trend is still upwards. Macro Background None. Important Issue Expect lower trading volatility and volume today as U.S. banks will be closed in observance of Martin Luther King Jr. Day. Technical GBP/USD’s...
A brief summary of our previous analysis: the level at 2.97$ is a strong support, the cyclical movements of this commodity, makes us think that that the price will return to the area 3.40 before the spring and then continue downwards with target 2.80 / 2.60 $ in the summer. Even from a fundamental point of view we expect a rebound from these areas, as a decrease...
Zero risk volatility The main risk free rate of return is the US government treasury bill and that is one of the oldest bull markets we have today. With rates so close to zero, some argue the market have already peaked. Weaponized "exorbitant privilege" The US monopoly over the global payments infrastructure has been challenged by Germany’s foreign minister,...
Hi guys and Merry Christmas ! I post a recent idea which i have to Short EURUSD with a target of 1,10 and 1,09 in my bigger picture of economy. As you seen in the diagram the trend of EURUSD is a downtrend . The price levels of 1,14-,1,15 is a retracement level , the main target of EURUSD is 1,10 as you see also from the regression canal . Also DXY continues to...