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Chicago Fed: Slower Growth In May

Chicago Fed: Slower Growth In May

“Index points to slower economic growth in May.” This is the headline for this morning’s release of the Chicago Fed’s National Activity Index, and here is the opening paragraph from the report: Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.15 in May from +0.42 in April. Two of […]
BTC/USD Forex Signal – Monday, June 25

BTC/USD Forex Signal – Monday, June 25

Last Thursday’s signals were not triggered, as there was no bullish price action at $6,563. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered until 5pm Tokyo time, during the next 24-hour period. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the next touch of […]
Trade War Fears, Global Stock Markets’ Decline – Stocks To Continue Lower?

Trade War Fears, Global Stock Markets’ Decline – Stocks To Continue Lower?

The U.S. stock market indexes were mixed between -0.3% and +0.5% on Friday, extending their short-term consolidation, as investors’ sentiment remained neutral. The S&P 500 index continues to trade along 2,750 mark. It currently trades 4.1% below the January’s 26th record high of 2,872.87. The Dow Jones Industrial Average gained 0.5%, as it was relatively […]
Turkish Lira Gains After Erdogan Victory

Turkish Lira Gains After Erdogan Victory

Turkey is an important country located in Asia and Europe. It has a population of more than 79 million people and a GDP of more than $850 billion. The country’s biggest exports are machinery and appliances. After decades of stability, the main concern among traders has been on the country’s president, Recep Erdogan. The concerns […]
Trade Tensions Weigh On Equities, Lift Yen

Trade Tensions Weigh On Equities, Lift Yen

Reports confirm that later this week, the US Treasury will announce new curbs on Chinese investment and trade. The US considering preventing Chinese companies with a 25% (though could be lowered) government stake from buying US companies with industry significant technology.” Also, the US will block technology exports to China aimed at frustrating China’s “Made […]
Chart: US Stock Market Leverage

Chart: US Stock Market Leverage

With the latest monthly margin debt stats from FINRA just out it’s worth taking a look the chart of aggregated stock market leverage. The chart shows the combination of net margin debt, net leveraged ETF AUM, and net speculative futures positioning, all in nominal terms, and the sum total is about US$400 billion.  Standardized against S&P500 market capitalization, this […]
Weekly Gold Forecast – Monday, June 25

Weekly Gold Forecast – Monday, June 25

Gold ended the week down $8.90 at $1269.05 an ounce, posting a second consecutive weekly loss. The wider environment remains relatively unfriendly for gold, with the U.S. Federal Reserve still likely to raise interest rates two more times this year. “Today, with the economy strong and risks to the outlook balanced, the case for continued […]
EURUSD: The Price Moves Towards The Balance Line

EURUSD: The Price Moves Towards The Balance Line

Previous: On Friday the 22nd of June, trading on the euro closed up. The US’ trade wars with China and the EU had a negative impact on US Treasury bond yields. The yield on 10-year bonds fell from 2.92% to 2.59%. This weakening had a positive impact on the euro. The single currency also received support […]
Sensex Trades On A Volatile Note; Idea Cellular Plunges 6%

Sensex Trades On A Volatile Note; Idea Cellular Plunges 6%

After opening the day flat share markets in India are trading on a dull note and are presently trading marginally below the dotted line. Sectoral indices are trading on a mixed note, with stocks in the IT sector and stocks in the pharma sector witnessing maximum buying interest. The BSE Sensex is trading down by 80 points (down 0.2%) and the NSE Nifty is trading […]
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                        What Is Happening In Today’s Forex Markets

E What Is Happening In Today’s Forex Markets

Traders want to know selling-buying levels and news events to maximize profits on pair trades. EURUSD Pair            What happened on previous day Open: 1.15975 High:  1.16744 Low:   1.15974 Close: 1.16544 Pivot point: 1.1642 Due to the ongoing US-China trade tensions, the pair may be further strengthened. Today, we can expect several notable events which will […]