Monthly Archives

November 2017

Forex EU Nov 28, 2017 0

EUR/USD is outperforming after a strong rally on Friday that took the pair to a 2-month high of 1.1943. Bullish technical indicators provide room for further upside. The 50 and 200-day moving averages are positively aligned and the RSI is…

Education

Richard Dennis – The Prince of the Pit

Forex EU Nov 27, 2017 0

In the world of financial markets trading, Richard Dennis is a legendary figure. Not only did he achieve huge success as a commodities trader, earning the moniker “Prince of the Pit”, he also went on to launch the famous “Turtle Traders…

Analysis

EUR/USD maintains a neutral bias in 2-week range

Forex EU Nov 13, 2017 0

EUR/USD maintains a neutral bias in the short term and has not changed much since entering a range two weeks ago. The market is showing signs of stabilization as the sell-off has slowed somewhat over the past couple of weeks. There has…

Analysis

Bitcoin Volatility Surging As Price Hits New Record Highs

Forex EU Nov 10, 2017 0

Landing the Big Fish When searching for opportunities in the markets, traders always day-dream about landing that one trade that just takes off and never looks back, landing them a massive, wind-fall profit. Well, one such trade which would…

Analysis

British Pound – Where to from here?

Forex EU Nov 10, 2017 0

Last week, the Bank of England hiked interest rates for the first time in nearly a decade by 25 basis points. The rate hike was widely expected, and the BoE Governor Mark Carney hinted that future rate hikes would be limited and gradual.…

Analysis

USD Remains Firm As Fed On Track For December Rate Hike

Forex EU Nov 9, 2017 0

US GDP was higher than expected in Q3, printing 3% against expectations of 2.7%, remaining broadly unchanged over the year so far at 3% in Q1 and 3% in Q2. This latest reading comes despite the economic destruction caused during a…

Analysis

Growth momentum picks up in the Eurozone but inflation slows

Forex EU Nov 9, 2017 0

Summary: - Eurozone flash GDP estimates show economic activity expanded 0.6% on the quarter in Q3 2017 - Second quarter GDP was revised higher to 0.7% from 0.6% - Inflation weakened in October as flash inflation data showed core CPI rising…

Analysis

Australian Dollar Down As RBA Remains on Hold

Forex EU Nov 8, 2017 0

The Australian Dollar came under pressure overnight as the RBA kept rates on hold, as widely expected, noting that wage growth and retails sales remain subdued as does inflation, which continues to be weaker than expected. Governor Lowe…

Analysis

EUR/USD: US Job Openings and Labor Turnover Survey (JOLTS)

Forex EU Nov 8, 2017 0

The EUR/USD exchange rate continued to increase on the US JOLTS report on Monday. The release caused 20% volatility in the pair, where the Euro lost 3 base points against the US Dollar, but kept recovering in an attempt to enter the 1.1600…

Analysis

EUR/USD maintains its bearish outlook

Forex EU Nov 6, 2017 0

EUR/USD maintains its bearish outlook after the breakdown of the key level at 1.1660. The chart pattern on the daily time frame indicates a head and shoulders pattern with a break below the neckline giving a bearish signal. Resistance at…