EUR/USD Elliott Wave Analysis – Friday, August 25
The bullish trend is present in EUR/USD currency pair, 15 minutes chart. The price of EUR/USD currency pair is going to rise up now on a short-term basis to create a Bullish Zig Zag corrective Elliott wave pattern and Spot Forex traders should consider taking a possible buy trading chance. Strong key support level is present […]
Time To Get Bullish On The Euro? Why We Would Incorporate A Dynamic Approach
One of the big stories this year has been the weakness in the U.S dollar after a strong run in the second half of 2016. A confluence of factors is affecting the euro—from politics in the U.S. to monetary policy shifts that may occur later this year in the eurozone. This has caused a shift in the attention […]
AUDUSD Daily Analysis – Friday, August 25
AUDUSD remains in the uptrend from 0.7807, the fall from 0.7962 is likely correction of the uptrend. Another rise to test 0.7962 resistance could be expected, a breakout of this level could signal resumption of the uptrend, then next target would be at 0.8030 area. Support is at 0.7807, only break below this level could […]
Gold Versus Bitcoin BTC
I don’t want to start a religious war here but clearly, in 2017, BitCoin has vastly outperformed Gold as my first chart shows. I am still very positive that Gold and the PM sector will have its time in the sun again, but GBTC has given me another asset to trade while Gold and PMs […]
EUR/USD And GBP/USD Forecast – Friday, August 25
EUR/USD The EUR/USD pair had a very quiet session on Thursday, as we continue to see this market offer buyers underneath. With the speeches by both Janet Yellen and Mario Draghi during the day, it’s likely that this will be the focus of the Forex world. When you look at this chart, I believe that […]
USDJPY Elliott Wave View: Double Correction
Short-term USDJPY Elliott wave view suggests that the decline from 7/11 peak is unfolding as a double three Elliott wave structure. The decline to 108.71 low ended Minor wave W and Minor wave X bounce ended at 110.95 peak. Subdivision of Minor wave Y is unfolding as another double three structure of a lesser degree. Minute wave […]
Will Saudi Arabia Seek Chinese Funding?
A senior Saudi official said on Thursday that his country is weighing the possibility of funding itself party in Chinese yuan, a move which would strengthen economic ties between the countries and give Riyadh more financial flexibility.The potential partnership would also be considered a huge success for China, the biggest consumer of Saudi oil, and […]
E The U.S Private Sector Quit Rate Has Soared, But It Hasn’t Ignited Wage Inflation
The latest data that tracks job turnover shows that the voluntary quit rate has been rising steadily as the job market continues to improve. Economists tend to think that a rising quit rate is a sign that the U.S. recovery is finally picking up momentum because, as the theory goes, workers are getting confident enough […]
Weekend Reading: Storm Warning
No, I am not talking about “Hurricane Harvey” which will likely be the first hurricane to strike the Texas coast since 2008, but rather the potential for another “debt ceiling” debacle brewing in Washington. Just recently, Goldman Sachs raised its odds for a government shutdown from 33% to 50% which was further supported by recent statements from President Trump […]
Dismal Durable Goods Report To Prop Up EUR/USD Ahead Of Yellen Speech
Trading the News: U.S. Durable Goods Orders A 6.0% decline in orders for U.S. Durable Goods may prop up EUR/USD going into the end of the month as it dampens the outlook for growth and inflation. Why Is This Event Important: Another batch of mixed data prints may dampen the appeal of the greenback as it encourages the […]
