Category Archive: Finance
AUD/USD Elliott Wave Forecast: Bullish Double Zig Zag
The trend is bullish in AUD/USD currency pair, 15 minutes time frame. The price of AUD/USD pair is going to rise up now on a short-term basis to print a corrective Bullish Double Zig Zag Elliott wave pattern and traders should look for a buy trade. Strong key support level is present at 0.7640 price […]
EUR/USD: Price Came Close To 1.15
Previous: On Tuesday July 11, trading on the euro closed significantly up. Before the US session, the price was trading within a 20-pip range. The price exited this range as BoE representative Broadbent gave his speech and the euro/pound cross sharply rose. US bond yields fell by 1% to 2.37%. Later in the day, it […]
USD/JPY And AUD/USD Forecast – Wednesday, July 12
USD/JPY The US dollar rallied against the Japanese yen during most of the session on Tuesday but turned around to form a bit of shooting star. That is a negative sign, and it’s possible that we could turn around, but we have Janet Yellen speaking during the day in front of Congress should continue to […]
All Eyes On Yellen As Dollar Slumps On Trump Revelations, Stocks Rebound
The dollar was broadly weaker after dovish comments from Fed Governor Lael Brainard amid reverberations from reports of Donald Trump Jr.’s contact with a Russian lawyer; European equities rebounded with oil while S&P futures were 0.2% higher at 2,428; Treasury yields are 1-2bps lower across the curve with the 10y at 2.346% ahead of Yellen’s […]
Today’s Market Movers
Markets will be focusing today, Wednesday, July 12 on a number of announcements scheduled on the economic agenda, which results usually moves prices. Therefore, until these results are known, traders should be careful in making the right trading decisions. UK Unemployment Data: The most recent data about from the UK about the workforce, unemployment and […]
5 Interesting Facts About The Euro
The euro is one of the world’s most closely-watched currencies. As the official currency of 19 European Union (EU) member states, the euro is a major player in global market movements. What’s interesting about this currency is that it is a relatively new one compared to other currencies, yet it has managed to climb to […]
NIFTY Elliott Wave View: More Upside
Short term NIFTY Elliott Wave view suggests the pullback to 9449.06 low on 6/30 ended Intermediate wave (2). Up from there, a rally is unfolding as an Elliott wave double three structure where Minute wave ((w)) ended at 9700.7 and Minute wave ((x)) ended at 9642.65. Wave ((y)) is in progress also as a double three structure where Minutte wave (w) ended […]
BoC To Fuel Shift In USD/CAD Behavior With First Rate Hike Since 2010
Trading the News: Bank of Canada (BoC) Interest Rate Decision The shift in USD/CAD behavior may gather pace over the near-term should the Bank of Canada (BoC) normalize monetary policy in the second-half of 2017. Why Is This Event Important: The BoC is expected to raise the benchmark interest rate for the first time since 2010 as Governor Stephen […]
Currencies Stabilize, But Yen Strengthens
The US dollar and sterling have stabilized after being sold off yesterday. The yen, which had begun recovering from a four-month low, is the strongest of the major currencies today, gaining around 0.5% against the dollar (@~JPY113.40). Global bond yields are softer. The BOJ stepped up its purchases of three-five year bonds to JPY330 bln […]
Market Pricing Suggests An Above 90% Chance Of A BOC Rate Hike Today
BOC Rate Hike A Sure Thing? In line with recent comments from the Bank of Canada, which have taken a sharply hawkish shift, markets are widely expecting a rate hike tomorrow. With market pricing for a rate hike having surged above 92% (as shown by OIS) in recent weeks the key issue now will […]
