• Fed’s upcoming rate cut is likely to be preemptive rather than a response to recession

    World stock markets rose on Thursday after the Fed signaled about intentions to cut rates, presumably at the next meeting, removing the “patience” wording from the statement, emphasising the growth of uncertainty in forecasts. Updated dot plot showed that more and more officials are inclined to lower rates at the next meetings.

  • Will FOMC Send USD/RUB Down?

    Today we review the potential future of Russian ruble and Swiss franc as well as discuss the cross rate of EUR/CHF.

  • Summary

    USDCHF bounced up nicely.

  • EURGBP bounced from support, potential for a further rise!

    EURGBP bounced off its support at 0.88812 where it could potentially rise further to its 0.89817. Disclaimer: Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • GBPUSD approaching resistance, look out for a potential reversal

    GBPUSD is approaching its resistance at 1.27110 where it is could reverse down to its support at 1.26346. Disclaimer: Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • EURUSD approaching resistance, look out for a potential reversal

    EURUSD is approaching its resistance at 1.12848 where it is could reverse down to its support at 1.12431. Disclaimer: Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • USDJPY approaching support, potential for a bounce!

    USDJPY is approaching its 1st support at 107.492 where it could potentially bounce to its resistance at 1st resistance at 108.098. Disclaimer: Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • Upcoming Fed meeting: Being contrarian has good reason

    Since the March Fed meeting, there have been no significant changes in the US economy to justify the current expectations of three rate cuts until February 2020 (the most likely outcome).

  • XAGUSD approaching resistance, look out for a potential reversal

    XAGUSD is approaching its resistance at 15.14749 where it could reverse down to its support at 14.63819. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • XAUUSD approaching resistance, look out for a potential reversal

    XAUUSD is approaching its resistance at 1364.158 where it could reverse down to its support at 1319.211. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • USDCHF bounced from support, potential for a further rise!

    USDCHF bounced off its support at 1.00079 where it could potentially rise further to its 0.99602. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • EURUSD reversed from resistance, potential drop!

    EURUSD reversed off its resistance at 1.12050 where it could potentially drop further to its 1.11596. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

  • Summary

    USDJPY reached support target nicely.

  • Ballooning US government debt. Should it scare away investors?

    Major foreign holders of US debt – including “official” buyers such as central banks and government organisations and private investors, have increased their holdings, despite by recent acceleration of growth rate of borrowing by the US government.

  • USDCHF Approaching resistance, look out for a potential reversal

    USDCHF is approaching its resistance at 1.0003 where it is could reverse down to its support at 0.9906 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.