• Key economic events and reports of the upcoming week

    Monday, January 21, 2019 – GDP (YoY) (Q4)(CNY), Industrial Production (YoY) (Dec)(CNY).

  • ECB may postpone rate hike due to weakness in economic data

    The European Central Bank is expected to postpone the hike of deposit rate till the fourth quarter – it’s longer than expected just a month ago, according to economists surveyed by Reuters, who also said that the probability of a recession in the eurozone has increased.

  • The Road to Financial Success: Lessons from George Soros

    George Soros is famously known as the man who “broke the Bank of England.” He earned this title in 1992, when he made more than a billion dollars shorting the pound sterling. As the manager of the Quantum Endowment Hedge Fund with more than $27 billion in assets under management, he is deemed a legend of trading and investment and there are many things we can learn from him.

  • Headwinds to the BOJ’s policy are likely to increase this year

    Consumer inflation in Japan slowed down in December, once again emphasizing the impotence of the Bank of Japan in stimulating price growth. The main explanatory variable of the Japanese CPI is now energy costs, since there is a clear relationship between realized with some lag:

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.1363 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement, ascending channel’s support) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1460 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is also approaching support where we might see […]

  • GBPUSD approaching resistance, potential drop!

    GBPUSD is approaching our first resistance at 1.3065 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8%, 100% Fibonacci extension, descending channel’s resistance) where a strong drop might occur pushing price down to our major support at 1.2830 (61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6801 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.6717 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7241 (horizontal swing high resistance, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.7195 (61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin […]

  • Summary

    We are seeing a nice setup on NZDUSD as it is approaching resistance where we are expecting a drop below this level. We are also expecting a bounce on EURUSD as it is approaching support. Here are some of our nice calls previously: CHFJPY bounced nicely above our first support to hit our major resistance: […]

  • Beige book shows Fed could raise rates but opted for market friendship

    Beige book, a concentrated “clot” of corporate impressions about the conditions for doing business in the United States were released by Federal Reserve on Wednesday.

  • Are Oil and Gold About to Head Up Soon?

    Today we discuss what the oil is up to, and we review the chart of American index S&P500. We also ponder what is about to happen to gold anytime soon.

  • CHFJPY approaching support, potential bounce!

    CHFJPY is approaching our first support at 109.30 (horizontal overlap support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 109.89 (38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0678 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 1.0538 (horizontal overlap support). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]

  • EURNZD approaching resistance, potential drop!

    EURNZD is approaching our first resistance at 1.6885 (horizontal overlap resistance, 100% Fibonacci extension, 50%, 38.2% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.6991 (horizontal overlap support, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading […]

  • EURCAD approaching support, potential bounce!

    EURCAD is approaching our first support at 1.5094 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.5307 (horizontal swing high resistance, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching our support where we might see a […]