Feb 20 6:00am Forex Crunch
There are so many things that we expect in life…. well maybe just birth, death and taxes. But here are some things that you may not have expected from social trading platforms. Trading selections Most people know that you can follow and trade with social trading, but did you know that you can also use [...] The post 5 unexpected uses for social trading platforms appeared first on Forex Crunch.
Feb 20 6:00am FXTechstrategy
GOLD: The commodity continues to retain its upside pressure but with caution. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level. Further down, a cut through here will open the door for a move lower towards the 1,200.00 level. Below here if seen could trigger further downside pressure targeting the 1,190.00 level.Continue reading...
Feb 20 5:25am Forex Crunch
EUR/USD seems to hug the 1.06 level. What’s next? Here is their view, courtesy of eFXnews: There are two important themes currently apparent in the euro area: 1) the strong recovery in inflation and in the economy, and 2) political risks ahead of the elections. Both these themes are euro area bond market unfriendly, especially [...] The post EUR: 2 Important Themes In Play: Impact On EUR/USD Direction – Nomura appeared first on Forex Crunch.
Feb 20 5:14am RTT - Forex Top Story
Singapore Finance Minister Heng Swee Keat announced a smaller budget surplus for the financial year ending March 31, 2018 in the annual budget on Monday. The budget position is prudent as expenditure is forecast to continue rising in the long term, he told lawmakers. A budget surplus of S$1.9 billion, or 0.4 percent of GDP, is expected in the fiscal 2017.
Feb 20 4:51am BabyPips.com
It seems that the euro zone's laundry list of problems just keeps getting longer, as financial and political troubles in Italy could bring much more pain to the region than Greece or France. Continue reading → The post Why Italy Might Be The Euro’s Biggest Problem Child appeared first on BabyPips.com.
Feb 20 3:44am Forex.Info
The dollar traded within narrow ranges versus its major peers as the U.S. markets remained closed for the Presidents Day holiday. The greenback against a basket of currencies traded flat at 100.92, having hit a low of 100.41... The post Bullet Report: Markets in Range, Focus on FOMC Minutes this week. appeared first on Forex.Info.
Feb 20 3:35am Forex.Info
Stock market bulls are hoping for a new wave of strong economic data during this week as well as more details of President Donald Trump’s adjustments on corporate tax. The U.S. Markit Manufacturing PMI as well as the... The post Stock markets rally to record highs on Trump tax reforms appeared first on Forex.Info.
Feb 20 3:23am RTT - Currency Markets
The Japanese yen weakened against the other major currencies in the Asian session on Monday, after data showed that Japanese trade balance figures rose less than expected in January.
Feb 20 3:10am Forex Crunch
EURUSD intra-day analysis EURUSD (1.0615): EURUSD’s reversal on Friday saw prices breaking down below 1.0644 by the end of the day. Although this morning’s price action is a bit bullish, EURUSD could be seen testing 1.0600 here support is likely to be found. A bounce of the 1.0600 support could signal a continuation to [...] The post EURUSD, XAUUSD and USDJPY TA – February 20 2017 appeared first on Forex Crunch.
Feb 20 3:09am RTT - Forex Top Story
Thailand's economic growth eased to a one-year low, as expected, in the fourth quarter of 2016, reflecting weak private consumption, figures from the National Economic and Social Development Board revealed Monday. Gross domestic product climbed 3 percent year-on-year, slower than the 3.2 percent expansion seen in the third quarter. This was the slowest growth since the fourth quarter of 2015, wh...
Feb 20 1:35am BabyPips.com
The dollar’s price action was a mixed bag of nuts, as it gained ground against low-yielders like the yen and franc, but lost pips against the comdolls and the European currencies. What’s up with that?! Continue reading → The post Asian Session Forex Recap – Feb. 20, 2017 appeared first on BabyPips.com.
Feb 19 11:19pm Forex.Info
A certain US President may be hugging all the limelight with global media these days, but there are several other potential political upsets building up in Europe. Any trader worth their weight of gold should be aware that... The post Can the last one in the EU please switch off the lights. appeared first on Forex.Info.
Feb 19 9:00pm BabyPips.com
European currencies seem to be bogged down by debt troubles, political risks, and downbeat data these days, and here are the trade setups I'm keeping my one good eye on this week. Check 'em out! Continue reading → The post Weekly Watch: Feb. 20 – 24, 2017 appeared first on BabyPips.com.
Feb 19 8:15pm BabyPips.com
Welcome to a brand spankin' new trading week, forex brothas! Hit the ground running with these trend and countertrend setups on AUD/USD and EUR/JPY! Continue reading → The post Daily Chart Art – Feb. 20, 2017 appeared first on BabyPips.com.
Feb 19 8:00pm BabyPips.com
Greenback strength seems to be the main theme these days, but let's see if the comdolls can put up a fight. Here are the upcoming events and potential inflection points to watch. Continue reading → The post Comdoll Trading Kit (Feb. 20-24, 2017): Forex Market Preview appeared first on BabyPips.com.
Feb 19 7:44pm RTT - Forex Top Story
Japan posted a merchandise trade deficit of 1,086.9 billion yen in January, the Ministry of Finance said on Monday - ballooning the deficit an annual 67.8 percent.
Feb 19 5:44pm RTT - Forex Top Story
Producer price outputs in New Zealand advanced 1.5 percent on quarter in the fourth quarter of 2016, Statistics New Zealand said on Monday - after the 1.0 percent increase in the third quarter.
Feb 19 3:30pm Forex Crunch
The Japanese yen posted sharp gains last week, gaining 150 points. USD/JPY closed at 112.43. There are four events on the calendar. Here is an outlook for the highlights of this week and an updated technical analysis for USD/JPY. In the US, retail sales and CPI were better than expected and also Yellen sounded upbeat about the US economy. Japanese Preliminary GDP [...] The post USD/JPY Forecast Feb. 19-23 appeared first on Forex Crunch.
Feb 19 12:29pm Forex Crunch
GBP/USD posted moderate losses last week, closing just above the 1.24 line. This week’s key event is Second Estimate GDP. Here is an outlook for the highlights of this week and an updated technical analysis for GBP/USD. It was a positive week in the US, as retail sales and CPI beat expectations and Fed Chair Yellen sounded upbeat about the US economy. [...] The post GBP/USD Forecast Feb. 20-24 appeared first on Forex Crunch.
Feb 19 12:15pm BabyPips.com
I think I'm on to something here, forex friends! Here are rules for my third experiment, as well as USD/JPY's charts from the previous two experiments. Check it out! Continue reading → The post HLHB System Tweak #3 Rules + USD/JPY’s Charts appeared first on BabyPips.com.
Feb 19 11:23am Forex Crunch
The Federal Reserve is never too far away, as they release the minutes from the latest rate decision. In addition, housing figures can provide a wider picture of the economy. Elsewhere, the second release of UK GDP will move the pound and Australia’s Capex will be eyed by the RBA and by Aussie traders. Video [...] The post The week ahead: Fed minutes, housing figures and more [Video] appeared first on Forex Crunch.
Feb 19 10:13am Forex Blog
I have already written about a symmetrical triangle on GBP/CHF weekly chart 2 weeks ago. Today, you can see a similar pattern but with a different trend direction on the daily chart of the pound/yen pair. This consolidation finishes off the uptrend that lasted from October through mid-December and offers …...
Feb 19 8:50am FXTechstrategy
EURUSD: With the pair closing strongly lower on Friday, further weakness is envisaged. On the upside, resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0700 level. Further up, resistance lies at the 1.0750 level where a break will expose the 1.0800 level. Conversely, support lies at the 1.0550 level where a violationContinue reading...
Feb 19 8:22am Forex Crunch
The Canadian dollar posted small gains last week, closing at 1.3090. This week’s key events are Core Retail Sales and CPI. Here is an outlook on the major market- movers and an updated technical analysis for USD/CAD. In the US, retail sales and CPI were better than expected and also Yellen sounded upbeat about the US economy. Canadian [...] The post USD/CAD Forecast Feb. 20-24 appeared first on Forex Crunch.
Feb 19 7:58am Forex Crunch
AUD/USD showed little movement during the week, but closed the week almost unchanged, at 0.7654. This week’s key event is Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. In the US, retail sales and CPI were better than expected and also Yellen sounded upbeat about the US economy. In [...] The post AUD/USD Forecast Feb. 20-24 appeared first on Forex Crunch.
Feb 19 7:19am Vladimir Ribakov
February 19th Weekly Market Forecast is here. Market is about to open in a few hours and it is time for us to get ready and plan the week ahead. As usual here is my analysis: Fundamental Overview: Global financial markets will focus on Wednesday’s minutes of the Federal Reserve’s latest policy meeting for further hints on the timing of the next U.S. rate hike. Market players will also keep an eye out on U.S. housing data to gauge if a recent increase in consumer spending and inflation is translating into higher home prices and a pick-up in home sales. The post February 19th Weekly Market Forecast appeared first on Vladimir Ribakov.
Feb 19 5:50am BabyPips.com
Greetings, forex friends! The pound recently got clobbered due to a bunch of poor economic reports. And if that made you want to know how the U.K. economy is currently doing overall, then today's Economic Snapshot will help you out. Continue reading → The post Economic Snapshot: The United Kingdom appeared first on BabyPips.com.
Feb 19 5:33am Forex Blog
One new Forex trading company has been added to the list of brokers at EarnForex.com during the week: TryMarkets — a brand new offshore Forex broker registered in Belize but with offices in the UAE and the UK. It is a generic MT4 brokerage with rather low fixed spreads on currency pairs. Some …...
Feb 19 4:46am Forex Crunch
The New Zealand dollar tried to recover amid less noise. PPI and the milk auction stand out. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. New Zealand retail sales missed expectations with a modest rise of only 0.8\% and a miss also on the core. The US dollar struggled to make gains [...] The post NZD/USD Forecast Feb. 20-24 appeared first on Forex Crunch.
Feb 18 6:33pm FXTechstrategy
I often have mentioned that when you are aiming to master your mental game it is important to support your ability to focus on “what matters most” in the trade. As we look at this statement, let’s consider the components of “what matters most” in the trade. Of course, high up on this list would be your ability to identify the order flow.Continue reading...
Feb 18 12:33pm Forex Crunch
Commodity currencies have been mixed of late. The team at SocGen identifies trends: Here is their view, courtesy of eFXnews: In a steady down move, the USD/CAD is approaching the neckline of the double top formation at 1.30, also the multiyear ascending channel limit. Monthly RSI is tentatively holding a support trend indicating 1.30 as a [...] The post USD/CAD: Neckline Of A Double Top; AUD/USD: Neckline Of An Inverted H&S – SocGen appeared first on Forex Crunch.
Feb 18 10:10am BabyPips.com
The yen ended up on top while the pound got dethroned once again after briefly regaining its throne last week. So, what drove forex price action this week? And how did the other currencies fare? Well, read on and find out. Continue reading → The post Top Forex Market Movers of the Week (Feb. 13-17, 2017) appeared first on BabyPips.com.
Feb 18 4:28am Forex Blog
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0367 1.0444 1.0525 1.0602 1.0683 1.0760 1.0841 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0445 1.0527 1.0603 1.0685…...
Feb 18 3:51am Forex Crunch
The pound has been trading sideways, awaiting Brexit and the economic verdict. What’s next? Here is their view, courtesy of eFXnews: We still see potential for further GBP weakness in the near term as the triggering of Article 50 moves closer. We target EUR/GBP at 0.87 in 1-3M but stress that the risk is skewed [...] The post GBP: Hard Brexit Moving Closer: Time-Line & Targets – Danske appeared first on Forex Crunch.
Feb 17 3:57pm Forex Blog
Easy Trend Visualizer is a really old indicator. I have first uploaded to EarnForex.com back in July 2009 and converted it to MT5 in December that year. Today, I introduced some changes to this trend indicator. First, the MT4 version has been rewritten completely and should be more …...
Feb 17 2:11pm BabyPips.com
Forex trading is a business and, like any other business, it needs the right set of tools in order to maximize your trading skills. Here are some tips on setting up your trading station. Continue reading → The post 3 Reminders Before You Set Up Your Forex Trading Station appeared first on BabyPips.com.
Feb 17 1:34pm Forex Crunch
Philip Lowe’s speech, UK GDP data, US FOMC Meeting Minutes, Unemployment Claims and Crude Oil Inventories. These are the nain eventa on forex calendar for this week. Join us for our weekly outlook on the market movers comin our way. The upbeat US data released last week showed the economy continues to strengthen. U.S. retail sales increased more than expected [...] The post Forex Weekly Outlook February 20-24 appeared first on Forex Crunch.
Feb 17 12:15pm Forex Crunch
EUR/USD was looking for a new direction as politics continued moving markets. The upcoming week features PMIs and some business surveys. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. German GDP came out below expectations, dragging the overall GDP figures lowers. However, the European Commission marginally upgraded growth forecasts, [...] The post EUR/USD Forecast Feb. 20-24 appeared first on Forex Crunch.
Feb 17 10:28am BabyPips.com
For this week's final intraday charts update, I've got me sights on the euro. To be more specific, we'll be checking up on our old setup for EUR/USD and I also have a fresh setup for EUR/CHF lined up. Continue reading → The post Intraday Forex Charts Update – Feb. 17, 2017 appeared first on BabyPips.com.
Feb 17 10:20am RTT - Forex Top Story
Pointing to a positive economic outlook in the first half of the year, the Conference Board released a report on Friday showing a bigger than expected increase by its index of leading U.S. economic indicators in the month of January.
Feb 17 8:18am BabyPips.com
Yen domination was the name of the game during today's morning London session, as global bond yields plunged and European equities retreated. The pound, meanwhile, got a good beating after U.K. retail sales missed big league. Continue reading → The post London Session Forex Recap – Feb. 17, 2017 appeared first on BabyPips.com.
Feb 17 6:48am Vladimir Ribakov
The UAE’s ambitious plan to build a new city on Mars. Over the past few decades, oil and gas revenue has helped the United Arab Emirates develop at a breakneck pace. Its glistening megacity Dubai is now home to the world’s tallest building and countless other accolades, while just last year there were new plans announced to build a completely new “city of happiness.” The UAE’s latest venture may set new heights in terms of ambition, however. On Tuesday, at the sidelines of the World Government Summit in Dubai, the UAE announced that it was planning to build the first city The post The UAE’s ambitious plan to build a new city on Mars appeared first on Vladimir Ribakov.
Feb 17 6:44am RTT - Forex Top Story
UK retail sales declined unexpectedly at the start of the year as consumers curbed their spending in response to rising inflation. Retail sales including automotive fuel dropped 0.3 percent month-on-month in January, following a 2.1 percent fall in December, data from the Office for National Statistics showed Friday.
Feb 17 6:28am FXTechstrategy
USDJPY: The pair weakened on Thursday leaving risk of more decline to occur in the days ahead. On the downside, support comes in at the 112.50 level where a break if seen will aim at the 112.00 level. A cut through here will turn focus to the 111.50 level and possibly lower towards the 111.00 level. On the upside, resistance resides at theContinue reading...
Feb 17 6:09am Vladimir Ribakov
Weekly Summary February 17th 2017 is here. The third trading week of February is near its end. It is now time to recap and summarize the trade setups that we had. Below you will find the short explanation of all setups that we had this week.. EURUSD – Setup got invalidated. UK 100 – Setup got invalidated here as well as price broke above last high. EURCHF: Scenario 1 : No entry. Breakout happened, correction happened but price didn’t go up as expected. Scenario 2 – No entry here as well. We did see the bearish in 3 waves but The post Weekly Summary February 17th 2017 appeared first on Vladimir Ribakov.
Feb 17 6:00am BabyPips.com
Why is the euro having trouble gaining ground against its major counterparts? Let's explore four factors that could negatively affect the euro in the next couple of months. Continue reading → The post 4 Factors That Could Drag the Euro in the Next Few Months appeared first on BabyPips.com.
Feb 17 3:00am Forex Crunch
The 45th President is about to conclude a month in the Oval Office. The fiery pace of Executive Orders has been marred by scandals. For markets, the rocky start has been somewhat smoothed lately. Will we see Trump lite or Dark Donald? A lot depends on the newly minted Treasury Secretary Steve Mnuchin and actions [...] The post Trump Report Card: D for Donald and the Dollar [Video] appeared first on Forex Crunch.
Feb 17 2:28am Forex Crunch
EURUSD intra-day analysis EURUSD (1.0670): The EURUSD maintained its bullish momentum yesterday, and despite some intraday doji candlesticks, price action pushed above the 1.0650 handle to close at a 5-day high of 1.0674. Further upside could be seen coming in EURUSD which will potentially see a test of 1.0765 – 1.0800 resistance handle. A [...] The post EURUSD, GBPUSD and USDJPY TA – February 17 2017 appeared first on Forex Crunch.
Feb 17 2:15am RTT - Currency Markets
The New Zealand dollar weakened against other major currencies in the Asian session on Friday, after data showed that the nations' retail sales growth rose less than expected in the fourth quarter.
Feb 17 2:00am Forex.Info
Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to... The post Friday 17-02-2017 Lookback appeared first on Forex.Info.
Feb 17 1:34am Forex Crunch
The Australian dollar enjoyed a rise above 0.77 despite mixed jobs data in Australia. What’s next? Here is their view, courtesy of eFXnews: AUD/USD has reversed the move after US elections, which pushed the pair as low as below 0.72 around year end. The lack of details of the US administration’s economic plans has weighed [...] The post AUD/USD: ‘Too High Too Soon’: Where To Target? – Danske appeared first on Forex Crunch.
Feb 17 1:26am BabyPips.com
Ho-hum. Forex price action was as exciting as watching paint dry, as Asian session traders stayed in the sidelines amid a lack of economic catalysts. Continue reading → The post Asian Session Forex Recap – Feb. 17 2017 appeared first on BabyPips.com.
Feb 16 11:08pm Forex.Info
In today’s markets the investor can utilize numerous vehicles to invest their hard earned dollars. As markets have become more centralized it has become increasingly easier for an investor to invest not only in their countries markets but... The post 5 Investment Vehicles appeared first on Forex.Info.
Feb 16 9:26pm BabyPips.com
Now that I've been forward-testing the Inside Bar Momentum Strategy for a little over a month, I decided to review the positions to see which adjustments could've improved profitability. Continue reading → The post Forex System Update: Inside Bar Momentum Strategy (Feb. 10-17, 2017) appeared first on BabyPips.com.
Feb 16 8:19pm BabyPips.com
Welcome to the last trading day of the week, brothas! End your week on a strong note by taking advantage of these hot forex trade setups on GBP/USD and AUD/JPY! Continue reading → The post Daily Chart Art – Feb. 17, 2017 appeared first on BabyPips.com.
Feb 16 8:11pm BabyPips.com
Even though U.S. reports were mostly upbeat, dollar bulls were disappointed that Trump still hasn't shared the deets on his phenomenal tax plan during his speech yesterday. Continue reading → The post U.S. Session Forex Recap – Feb. 17, 2017 appeared first on BabyPips.com.
Feb 16 6:22pm BabyPips.com
What's up forex fiends!? I'm not seeing any new trade ideas at the moment, but this recent move higher in AUD/NZD to previous resistance makes for an interesting short play soon. Continue reading → The post Forex Watchlist: AUD/NZD Testing Range Resistance appeared first on BabyPips.com.
Feb 16 10:29am Forex Crunch
GBPUSD We see the USD index turning lower for a deeper correction, so for now other currencies will be strengthening. On the cable we have seen a very deep three complex correction in wave 2)/B) that appears to be finished near 1.2380, so traders should be aware of a third leg up. We see a [...] The post Elliott Wave Analysis: GBPUSD and S&P500 appeared first on Forex Crunch.
Feb 16 10:23am BabyPips.com
Yo! For today's intraday charts update, we'll be revisiting our old setups for CAD/CHF and EUR/NZD. And we'd be looking for fresh plays as well of course. Continue reading → The post Intraday Forex Charts Update – Feb. 16, 2017 appeared first on BabyPips.com.
Feb 16 9:42am RTT - Forex Top Story
European Central Bank policymakers broadly agreed to look through the energy-driven recent upturns in headline inflation and sought patience as they judged that the euro area economy required a substantial monetary stimulus to bring price growth to target, minutes of the bank's policy session held on January 18-19 showed Thursday.