Watch price action before taking a tradeWatch price action before taking a trade!
Watch price action before taking a tradeWatch price action before taking a trade!
Last week EUR/USD fell like a stone. So, congratulation to all who listened to my previous analysis and trading forecast. As you already know ECB is not going to hike interest rates this year. Well, it was a bit surprising, as most of traders expected to see hike till end of 2019. Also, ECB announced refinancing program. But the most discussing topic was...
Watch price action before taking a tradeWatch price action before taking a trade!
Watch price action before taking a tradeWatch price action before taking a trade!
Watch price action before taking a tradeWatch price action before taking a trade!
Last week was positive for USD due to few main fundamental factors. First of all, positive negotiations between US and China. Also Fed chair Powell expressed optimistic view on US economy. And finally GDP data were better than expected. But there is a trick. Do you know most of these forecasts are done by banks? – Well, now you know it for sure. If you...
Watch price action before taking a tradeWatch price action before taking a trade!
Watch price action before taking a tradeWatch price action before taking a trade
Watch price action before taking a tradeWatch price action before taking a trade!
Last week was calm as not many fundamentals took place. The most important event was FOMC minutes. As you all already understood Fed officials are unsure what rate hikes needed this year. So, they will keep and eye on the data and take decisions accordingly. That is what we have to do too. And as always US/China deal is the main mystery and risk for...
Watch price action before taking a tradeWatch price action before taking a trade
Watch price action before taking a tradeWatch price action before taking a trade
I believe your shorts are doing very well as per my previous EUR/USD analysis. Finally, our TP at 1.1235 is reached. Last week CPI and retail reports missed expectations. But despite it dollar was supported by other fundamentals. The main driver of the USD and the stock market rally was a hope. I can even say hope and believe that the US and China will reach...
Watch price action before taking a trade
Next week is important for USD, but at the same time it can be tricky. Due to the absence of economic reports recent weeks, it’s difficult to make forecasts on Non farm payrolls and Fed statement. So, all of you have to be careful and read these events between the lines. Technically EUR/USD is moving nicely as per my previous analysis. We are approaching...
Last week I got a lot of questions about gold and oil. I understand the recent political crisis in Venezuela is the hottest topic now. As this country has the largest oil reserves in a world. But at the same time it doesn’t have much impact on world supply and demand. So, I don’t think this situation will help oil bulls to break out from the current price range....