EUR/USD looks likely to touch the previous october 1st lows of 1.09000. Price broke through the support trend line on the Daily timeframe. Also the price is firmly below the three moving averages( 50, 100 and 200) which suggest that this market is in a downtrend.
Last week, we had the European Central Bank Monetary policy and rate decision. Overall the event...
This week's highlight event is the G20 meeting in Osaka, Japan. Trade talks between U.S President Donald Trump and that of China will influence the AUDJPY currency pair. To make long story short if both parties do not come to an agreement or at least a truce doesn't happen, the AUD is going to fall quiet significantly. This is due to the fact that the market will...
The Eurozone has had a run of poor data. There is now even talk of recession.This has resulted in the weakness of the Euro currency. In the coming week i will be looking at the EURCHF pair since on the weekly timeframe it, price is at a major support. Should that spport fail to hold then it could open the possibility for further plunge.As it stands now the path of...
The EUR/USD is trading around the psychological 1.16000 level. The FOMC that came out today has policy makers assuring the markets that another rate hike is to come in September. The issue here is that of beyond September.
Is there going to be another hike after September? Looking at the internal political issues confronting the Trump admnistration and the Trade...
In its last Interest rate statement, the Reserve Bank of New Zealand, stated that it expects to keep interest rates at a record low for another two years as the outlook for economic growth weakens. According to a
Bloomberg Report, the Central has said that the chances for a rate cut has
increased.
This has caused the New Zealand dollar to become a...
For the past couple of weeks, Gold has been dropping like a rock and this has got me thinking that there could be further movement to the downside for the next couple of weeks to come if not months.
In this post, I'm going to give my analysis of why I think selling Gold will be a good trade. Before i proceed any further, let me emphasize that this is just to...
2017, in my view is going to be the year where there is going to be erratic market volatility spurred by geopolitical factors than Central bank policies. Geopolitical events like Brexit in the UK, elections in Germany and France, Trumps policies and a potential Frexit. All these political events can cause massive moves in financial.
Market sentiment is going to...
