17 years in trading
US GDP lower, US dollar stronger. Well, it’s not a surprise, I wrote yesterday that the battle between buyers and sellers here is strong and bears strikes back today. The pair reached my predicted down trend line yesterday with high of the 1.0967, after wich the sellers took over today, pushing strongly down toward 1.0800. Possible target for the sellers
Read moreBOJ reduced the rates to negative during the Asian sesion and boost the pair up stong for 200 pips today. Daily chart showes that stong resistance at 120.30/60 is broken and daily MA100 at 120.60 as well. But, the pair must close the day above those levels, to confirm the same as potential supports. US GDP is coming up and it’s possible
Read moreFor 40 minutes, US GDP data for Q4 is coming up. Previous 2.0% from Q3 will be hard to beat and the capital markets players average forcast for Q4 is 1.4%. Average expectations are lower at aprox 0.8% for Q4. This is very important data for the US dollar and sharp moves are possible if the numbers will be bellow or above the
Read moreConsumer Price Index CPI in the Euro area decreased to 118.14 index points in December, from 118.16 index points in November of 2015. The infaltion rate holds at 0.2% and expectation for January 2016. is increase to 0.4%. We will see the data in about 30 minutes. 10:00 h (GMT) – Consumer Price Index (YOY) January. > Previous 0.2%
Read moreBank of Japan Interest rate decision and Monetery policy statement is coming up at 03:00 h (GMT). The market is expecting from BOJ to keep the rates unchanged, as policy makers are belive that underlying inflation is improving. Altough, the low oil price and lower consuption is continues to push inflation away from the target of 2%, easing is not
Read moreAs I wrote in my EUR/USD analysis yesterday, the bulls will try another attack on the strong resistance area and here they are today. Everything is setup for the battle of the year in this pair. In my point of view this will be something huge and most interesting to follow in the coming days or even hours. All levels I
Read moreIn about 10 minutes US durable goods orders data is coming up. Durable goods order for December is expected to have shrunk 0.6%t, after remained unchanged in November. 13:00 h (GMT) – US durable goods!!! > November 0.0% > Expectation for December -0.6%. Update > -5,1%
Read moreAs I pointed in my previous gold analysis, the buyers are strong in January and they have almost reached my predicted target near 1135. Yesterday high was 1128 and they have stoped by trendline in wich I have pointed in my last analysis from January 26. Gold doesn’t shine today, which is normal according to my technical analysis, the buyers have retreated to lower
Read moreOn December 10.2015., RBNZ reduced the Official Cash Rate (OCR) by 25 basis points, from 2.75 to 2.50 percent. CPI inflation was below the 1 to 3 percent target range in December, mainly due to the earlier strength in the New Zealand dollar and the 65 percent fall in world oil prices since mid-2014. on the same time. The inflation rate
Read moreAs I wrote in my previous EUR/USD analysis in 2016., the pair could stay in this level until some major central bank decision. Well, we have FED interest rate decision today, but could today’s decision be the stronger mover here? I doubt, because the market is expecting for FED to stay with rates on hold. Monetary policy statement could move the pair
Read moreFOMC meeting is coming up at 19:00 h (GMT). There is no press conference today and that’s why the monetary policy statement will be important for the market. I don’t see the possibility for FED to raise the rates again, not after December’s hike. So, what could be important for this meeting is external global factors as China slowdown in the first place. Possible dovish
Read moreAs I see this, it’s possible inverse H&S pattern and 300-350 potential pips in long position. Firts test for the buyers is this necline at 0.7030/60 which they have already tested. If thay manage to brake that, daily MA100 could be the next target and resistance level at 0.7150/80, after wich comes weekly down trend line at 0.7240/60. Take this resistance
Read moreI am ready, let’s move on! Despite US dollar strenght, the precious metal is holding very well and the bulls would like to reach 1135/40, the daily MA200. As I wrote in my previous gold analysis from January, daily MA100 and 1110/15 level was strong resistance, from where the sellers have returned the gold to 1080, but the buyers have
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