Monthly Archives

October 2018

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Bitcoin weak momentum in short-term; descending triangle still holds

Forex EU Oct 29, 2018 0

The Bitcoin price is moving sideways with weak momentum in a descending triangle pattern over the last eight months with a strong support obstacle being the 5780 barrier. BTC/USD found significant resistances on the 20- and 40-simple moving…

EUR/USD holds negative bias around 2-month lows

Forex EU Oct 29, 2018 0

EUR/USD unlocked fresh two-month lows at 1.1335 on Friday and is currently struggling to overcome the 1.1400 level. The RSI and the MACD though suggest that negative risks remain high in the short-term as the former is weakening below its…

Forex » The Week Ahead from October 21 to 26

Forex EU Oct 21, 2018 0

Central bank meetings will take centre stage in the coming week as economic data will be in short supply. With four policy meetings lined up, comprising the European Central Bank, the Bank of Canada, the Riksbank and the Norges Bank, only…

Fed minutes next on the plate for the US dollar

Forex EU Oct 16, 2018 0

The Fed will release the minutes of its September meeting, where policymakers raised rates for a third time this year, on Wednesday at 18:00 GMT. Investors may focus mainly on the discussion around how far above “neutral” officials are…

Analysis

Bitcoin price escapes two-month lows & looks positive in short-term

Forex EU Oct 16, 2018 0

After a deep fall towards the two-month low of 6029.42 last Thursday, the price of Bitcoin managed to show a recovery only on Monday, posting a spectacular rally to climb as high as 6717, the highest since September 28. The market could see…

Analysis

GBP/USD closes downside gap & looks neutral-to-bullish in short term

Forex EU Oct 16, 2018 0

GBP/USD managed to close Monday’s downside opening gap, rallying back above the 1.3100 handle. The MACD has flattened slightly above its red signal line and in positive territory, while the RSI has somewhat improved but continues to hold…

US jobs data unlikely a game changer but still likely to generate volatility

Forex EU Oct 4, 2018 0

The US jobs report for September due on Friday at 12:30 GMT is undoubtedly the week’s data highlight. Despite the prominence of the release and barring a significant deviation from expectations, the numbers are unlikely to alter the US…

Canadian employment to bounce back in September

Forex EU Oct 4, 2018 0

Employment numbers out of Canada, due at 12:30 GMT on Friday, will be investors’ next focus after the surprise deal over the weekend to upgrade NAFTA. With trade worries out of the way and an anticipated rebound in jobs growth in September,…

USD/CHF remarkable recovery pushes pair to 1½-month high

Forex EU Oct 4, 2018 0

USD/CHF staged a remarkable comeback after touching a six-month low of 0.9541 on September 21. In fact, the USD/CHF pair has not experienced a down day ever since, something which amounts to eight straight days of gains, and is currently…

AUD/USD retreats and could weaken further in short-term

Forex EU Oct 3, 2018 0

AUD/USD has come under renewed selling pressure, falling back below the 20- and 40-simple moving averages (SMAs) in the daily timeframe, following the pullback on the 0.7300 resistance level. The technical indicators are suggesting that…