April 25, 2014
GBPUSD on the H4 has hit a resistance level 3 times now, could this be the end of the uptrend? With lowers highs twice in a row I think it may be. With it holding the 55 on the way up, a break on the downside could indicate a bigger move down. Yesterday was the… View Article
April 25, 2014
The gold hit the lowest support level of 1268 yesterday. It has strengthened against USD after comments from Russian president Vladimir Putin boosted anxiety that tensions over Ukraine could escalate further. He has warned the Ukraine of “consequences”, and ordered new military exercises on its border.
April 25, 2014
We are calling the pound to trace back a little bit and then keep going up and our preference to buy GBP against the Euro. 80 points onside. Calling Euro trading in range but believing it is overbought and that we like it lower. Has gone down 70 points after our call before retracing and… View Article
April 25, 2014
Good Morning, AUDCAD Not much trending out there so get your ranging shoes on….. USDJPY Approaching the bottom of the range and earlier this morning did see a bit of Yen buying across the major pairs. Tokyo CPI does not seem to have effected much.
April 25, 2014
Good morning, My post for today is a bit of homework for the weekend. Especially for those of you who studied economics but haven’t yet noticed you were hoodwinked. The pdf to download is written about Manchester Uni but that can be ignored as it is representative of a gross misunderstanding over decades, in fact… View Article
April 24, 2014
TRY has got strengthen after ECB’s Draghi speech and also, ahead of interest rate decision. Investors keeping eye on Turkish Central Bank (TCB) interest rate decision which will be released at 12:00 GMT today.
April 24, 2014
Kiwi Dollar took quite a beating today falling down to 0.850, but could it be a dip on an up and coming up trend? On the M15 it appears to be holding a channel and has now reached the bottom. With a level just below it anyway, a buy on a retrace back to the… View Article
April 24, 2014
Despite the current political unrest in Ukraine and US sanctions threat to Russia, the precious metal remained bearish against the USD. Although the economic slowdown in China and disappointed US data yesterday, the gold slipped further down. The gold has traded between support level of 1277 and resistance of 1293 for the last three days…. View Article
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