Over 20 years in trading
FED’s decision to stay on hold for sure gives the euro bulls hope, but as we can see, they are not so trilled with the current situation, shyly pushing the pair up in the last two days. This is technical resistance in this level near 1.1360/400 and there is huge sellers above the same. The question is, how strong the
Read moreBOJ’s decision not to ease the monetary policy furder despite bad inflation data returned the pair sharply last night for almost 300 pips in a 3 minute sesion, 111.68 > 108.73. After the morning’s press conference, the pair has fall furder with low at 108.05 today and slightly recovered to 108.35 in these moments. As you can see, gain from
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Three years since Bank of Japan with Gov. Haruhiko Kuroda introduced quantitative and qualitative monetary easing (QQE) to pull Japan out of deflation. His initial target of a 2% inflation rate is more difficult to attain as a result of continued low consumer spending and low oil prices. There is approximately two years that the BOJ initially set as a
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22:00 h (London time) > RBNZ Interest Rate Decision!!! Previous 2.25%, Consensus 2.25%, Current 2.25%!!! Monetary Policy unchanged!!! 22:00 h (London time) > Monetary Policy Statement!! 》》》Possible rate cut in June for 0.25% to 2.0%!?
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19:00 h (London time) > FED Interest Rate Decision!!! > Current 0.5%, Consensus 0.5%. Update 0.5%!!! 19:00 h (London time) > FED’s Monetary Policy Statement!!! There was not much of expectations from FED today, everything stays the same.
Read moreMoving in between 1242 and 1251 for few times in the last three hours, the precious metal traders are showing that they are nervous before FOMC today and it seams that they are taking this decision quite seriously. As you can see in my analysis, gold is still in the some kind of neutral teritory, squeezed in simetrical triangle and there
Read moreAfter several days fighting with the trendline the buyers manage to close the pair above the same in the last week at 1.4412, with daily MA100 on test for the beginning of the new one. To be easier, the pair opened this week with gap at 1.4458, above the daily MA100, which has become support and after wich the buyers have opened
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The Commerce Department is scheduled to release durable goods orders data for March. After sharp decline in February, consensus for March is 1.8% rise. Orders for core durable goods, ex Transportation is expected register a gradual rise of 0.5%, better than the sharp decline of 1.3% in February. 13:30 h (London time) > Durable Goods Orders > Previous -3.0%, Consensus 1.8%. Update
Read moreStrong selling interest at 1.1460 and 1.1380 from the previous two weeks returned the pair down to 1.1220 on Friday, where the buyers have stoped the fall. In the beginning of the new ‘FED’s week’, the pair is slightly recovered to 1.1260 high for now, where the first resistance is placed. Higher on the way up, the second stronger one
Read moreSure, exactly how I predicted and describe in my USD/JPY analysis from April 13. In the last week, the pair found resistance at the 109.30/60 level, as I wrote and the strong buyers were ready in the beginning of this week at the 107.60 level. I draw that weekly resistance level and trendline support last week and the pair moved
Read moreIn my last USD/CHF analysis from March 31. I have predicted fall to the support level at 0.9475/500, after wich the buyers should take over and push the pair up to 0.9800 and here is the result. The pair slided over the support trendline for a week until it didn’t touch 0.9500, where the buyers were ready and in the last
Read moreAs I see it, the sellers have took over while I was drawing my chart. Here is how the daily looks like and where the buyers have took over in the beginning of the week. 1225 was the strong support and the precious metal was boosted up strong in the last three days, all the way to 1270 today! A
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Euro bulls are chasing Mr.Draghi each time in 2016. when he anounce some specific easing monetary measures from the ECB, or when he try to weaken the euro by dovish talk. Let’s see how will this ended today!? At first, we have a rates decision and 45 minutes latter Monetary policy statement and press conference and that will be more important for the market moves!
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