Over 20 years in trading
In about 1 hour and 30 minutes, BoE interest rate decision is coming up. The market expectation is from BoE to stay with rates unchanged at 0.5%. 45 minutes latter, BoE’s governor Carney have speech and that will be important for the Pound furder move, which is extremely bullish vs US dollar in the last two days. Low inflation and weak
Read moreAfter breaking a very important level, in wich I have pointed in my previous EUR/USD analysis, the bulls got wings and continue to push higher today with high of 1.1169. The previous resistance 1.1070 has become strong support now and 1.1300 is possible next target for the buyers. This could be a very interesting month for the most traded currency pair to which
Read moreWhat a day, woow! You sow that I expected this move few days ago and here we are, the sellers are busted all the way up. When I said that this will be the battle of the year, I really tought so. There is so many technical levels which are broken today, this was awasome move from the buyers indeed. And, that is what
Read moreAt January 6. I analyzed the gold and while the precious metal was at 1185, I set a potential target at 1135/40. Here we are today, the target is reached! Regardless of what I set the correct resistance points on the way up in the beggining, I followed the moves in January and point at the same levels and reversals all the way
Read moreI called this move before few days and I wrote in my headline: ‘Are you ready for the battle of the year?’ Only a day latter, the sellers tested the up trendline and support level again, after wich the buyers have took over and here we are today. Break true the strong down trendline, true the daily MA100 and resistance at 1.1000!
Read moreIf we take a look at my analysis, it’s possible for the Pound to stay here until Thursday Feb 04., when we have the BoE Interest Rate Decision and governor Carney speech. Based on this analysis, you can see the resistance level at 1.4450 which holds the pair in the last two days, resistance daily trend line as well is near.
Read moreWith high at 1130.46 today, the buyers have fail to reach daily MA200 for $0.6, but the trend line is still on place and want let go. As I pointed in my gold analysis from January 28., the buyers have took over the precious metal at 1108 on Friday, exactly at my support point and reached the trendline yesterday at 1129.76, which
Read moreThe AUD is wating for the interest rate decision tonight. The market expectation is that, the Reserve Bank of Australia will stay with rates at 2%. What will be important is the Govenor Glenn Stevens statement. What he wants is for AUD to stay low, that’s for sure. Recent AUD’s fall gives boost to the economy and govenor will try
Read moreMr.Draghi will speech today in front of the European Parliament about ECB’s annual report for 2014. During it, the President will answer on questions from the Parliament members and that could be the interesting point for the market and possible moves. Mr.Draghi will give some points to the current outlook and certainly will look at the effectiveness of current measures from ECB’s QE.
Read moreIn December, I wrote that the EUR/USD could spend few weeks here around 1.0850 and I was right. Last week the buyers have tried something, but the sellers were ready again to calm the situation quickly on Friday, holding the pair almost unchanged in the last 6-7 weeks. The fall has stoped at the trendline near 1.0800 in wich I have
Read moreUS 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
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