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BTC/USD Inches Closer To $10,500 Amid Growing Selling Pressure
Wednesday, September 4, 2019 - 9:52am | 285Read More...Bitcoin is losing ground from $11,000 psychological level. BTC/USD is likely to sustain above $10,500 support area Bitcoin’s short-term technical picture remains positive in spite of the correction from yesterday’s high. Bitcoin has recently recovered from a downtrend it succumbed to...
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EUR/USD: Under Downside Pressure Around 1.1230
Tuesday, July 16, 2019 - 9:11am | 363Read More...EUR/USD keeps the bid tone in the 1.1270/80 band. The 21-day SMA at 1.1285 challenges bulls’ aspirations Trade, ECB easing, Fed’s rate cut seen ruling the sentiment. EUR/USD is extending the up move for yet another session on Monday, although the 1.1280/85 band has emerged as a tough...
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EUR/USD: Fails To Wait For The NFP
Friday, July 5, 2019 - 10:01am | 730Read More...EUR/USD has been licking its wounds after ECB's Draghi sent it down on Tuesday. Tension has been rising ahead of the critical Fed decision later today. Wednesday's four-hour chart points to further falls. The Draghi show has stolen the show from the Fed. EUR/USD has been struggling to...
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Fed Preview: All About The Balance Sheet - 3 Scenarios For The Decision And The Reaction
Tuesday, January 29, 2019 - 11:22am | 1091Read More...The Federal Reserve is expected to leave its policy unchanged in the first meeting of 2019. The balance sheet reduction program is the center of attention. The US Dollar is already suffering, but explicit talk about a change is not priced in. The Federal Reserve announces its first decision of...
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NFP Quick Analysis: When The Commander In Chief Leaks, The Dollar Does Not Need The Data
Friday, June 1, 2018 - 9:52am | 431Read More...This article originally appeared on FXStreet. US President Donald Trump tweeted an optimistic tweet ahead of the NFP. The tweet triggered a mini "buy the rumor, sell the fact." The USD remains supported, and any possible doubts about a hike have diminished. US President Donald...
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EUR/USD Forecast: Temporary Calm Could Lead To Gains
Monday, February 12, 2018 - 10:37am | 442Read More...The EUR/USD is confined to a range at the 1.22 handle, starting off the week without any major moves. The current market mood and technical indicators point to a potential move higher The new trading week has opened in a calmer tone. After a turbulent week on Wall Street and a very volatile...
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Litecoin And Ripple Price Prediction: LTC Skyrockets, XRP Trying To Follow It
Wednesday, December 13, 2017 - 10:34am | 505Read More...LTC/USD accumulates a 300% rise since last Friday Skyrocketing Litecoin still with steam to continue rising Litecoin has been showing an impressive bullish display during the last trading days. Coming off impressive upwards trading sessions, LTC had yesterday its best day to date, stepping...
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EUR/USD Forecast: Bearish Confirmation Below 1.1715, FOMC Awaited
Wednesday, December 13, 2017 - 9:54am | 320Read More...A modest US Dollar retracement during the Asian session on Wednesday helped the EUR/USD pair to recover a major part of previous session's drop to three-week lows. With investors looking past yesterday's stronger-than-expected US PPI print, news that a Democrat candidate has come out...
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USD/JPY Analysis: Watch Out Bulls, Vol Hints Trap Ahead?
Wednesday, December 13, 2017 - 9:49am | 405Read More...While the USD is being backed up by an upgrade in inflation expectations following the largest US PPI is over 6y, the latest leg up in the USD/JPY suggests a note of caution judging by the decreasing volume that it has carried over the past 4 trading days. The impulsive demand off 112.00 appears to...
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BoE Stress Test: UK Banks Can Withstand Adverse Scenario Shocks
Tuesday, November 28, 2017 - 11:43am | 324Read More...The Bank of England tested the ability of the UK largest banks and building societies to withstand capital requirement in the environment of the adverse macroeconomic scenario of 4.7% drop in output, sharp depreciation of Sterling, drop in house prices and misconduct fines. The result is positive...
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USD/CAD Forecast: Aiming For 1.30?
Tuesday, November 28, 2017 - 11:39am | 340Read More...The tables may have turned in favor of the dollar bulls, suggests the USD/CAD technical charts. The currency pair recovered from the low of 1.2680 yesterday on the back of weakness in oil prices. The pair jumped to 1.2771 and currently trades at 1.2760 levels. Weekly chart Source: Netdania The...
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USD/JPY Forecast: Corrective Rally To 111.70-112.00 Likely
Tuesday, November 28, 2017 - 11:36am | 277Read More...The technical studies indicate increased odds of a corrective rally to 112.00 levels in the next 24-36 hours. As of writing, the currency pair is trading at 111.15 levels. The spot found bids below 111.00 in Asia, but failed to cut through the 1-hour 50-MA hurdle as the uptick lacked the support of...
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EUR/USD Forecast: Bullish Until Holds Above 1.1860 Level
Tuesday, November 28, 2017 - 11:32am | 306Read More...On Monday, the US Dollar pared early losses to two-month lows and gained some respite on the back of stronger-than-expected new home sales data. Also, comments by the Dallas Fed President Robert Kaplan, putting December Fed rate hike move back on investors' mind, further helped ease bearish...
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US Durable Goods Set To Decelerate With The Underlying Trend Remaining Strong
Wednesday, November 22, 2017 - 10:28am | 258Read More...The US durable goods orders are expected to have decelerated the growth rate in October after experiencing a surprisingly strong September. Although the data from the from the US factory sector have been optimistic lately, the economic activity tracked by other indicators showed some deceleration...
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GBP/USD Forecast: Move Beyond 1.3300 Handle Seems A Distinct Possibility
Wednesday, November 22, 2017 - 10:25am | 375Read More...The US Dollar held weaker on Wednesday, with the GBP/USD pair gaining some positive traction for the seventh consecutive session and now making a fresh attempt to move past the 50-day SMA important barrier. The ongoing flattening of the US Treasury yield curve, led by sliding longer-term yields on...
