Over 20 years in trading
On August 02. we have analyzed the eur/usd and showed potential target for the end of 2017, as well as the support under which the euro will not go any more in 2017. Six months latter, you can see how everything developed in the most important currency pair. True, the pair didn’t manage to reach our target by the end of
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Gold opened 2017 at 1250 and in the same week reached low of the year at 1246. During the middle of the year, 1300 and 1200 was levels of resistance and support, after which gold reached a top of the year at 1357 on September 08. The fall has started returning the precious metal at 1260, with 1300 again as
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For 8 trading days in a row the buyers are reaching the new high on gold, slowly breaking the resistance level at 1260/65 and reaching the new one at 1272 today. Is this all for 2017 or they will push the precious metal even higher, we will see, but it looks like they have returned the lost teritory. From this
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The only support which we have pointed on December 07. in between broken 1260 and 1205, the 1240, stopped the free fall on gold in the beginning of this week. The buyers were strong and they didn’t gave up until FED’s rate hike decision. On decision from FED to hike rates from 1.25 to 1.50% they have pushed the precious
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At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period
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The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 November 2017, the MPC voted by a majority of 7-2 to increase Bank Rate by 0.25 percentage points, to 0.5%. The Committee voted unanimously to maintain
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As expected, FED raised rates for 0.25 points, from 1.25 to 1.50% today. Here is the FOMC statement and economic projections. Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Averaging through hurricane-related fluctuations, job gains have been
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If your neighbor did not buy bitcoin, that’s must be strange, right!? There is a real Bitcoin mania out there in the moment and it looks like there is no end of Bitcoin price growth. I have so many questions lately like, why the Bitcoin price is going up so fast almost every day? Should I buy a Bitcoin, is
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After huge daily falling flag (October/November) in which gold was driven as a roller coaster, sellers have finaly decided to go lower in December. As we can see, strong support at 1260/65 is broken today and that level is 61.8 fibo return from July 10. (1204.75) > August 09. (1357.44) growth. Weekly MA100 at 1256 is broken today as well
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Only the truth about forex by Mario Urlic.
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As we wrote and point in our EUR/USD analysis from October 27. the pair has stoped the fall at the support trend line near 1.1550, after which the buyers has formed the strong support line at that level. After October 27. they have tried to push higher, but exactly as we pointed, the sellers helt the resistance line for several
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At yesterday meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council continues to expect the key ECB interest rates to remain at
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