Technical Analysis – US 100

US100 Cash Daily 12/02/2018 | EconAlerts

US 100 (NASDAQ) index hits 11-day low; medium-term picture still bullish. The US 100 index is 2.5% down from the week’s high of 7,037.10 hit on Monday which also constituted the highest on record for the benchmark. During Friday’s trading, it touched 6,849.60, this being an 11-day low, while it continues trading in proximity to […]

Technical Analysis – Gold

GOLD 12/02/2018 | EconAlerts

Gold is heading lower; looking bearish in short-term. Gold is trading lower following the strong pullback on the 1366 resistance level on January 25. Having a look at the short-term timeframe the price almost hit the 38.2% Fibonacci retracement near 1316 level of the last up-leg with the low of 1236 and the high of 1366. The […]

Technical Analysis – EUR/USD

EUR/USD Daily 12 FEB 2018 | EconAlerts

EUR/USD holds above 1.2200; bearish correction in progress. EUR/USD remains under pressure and risk is still to the downside as prices continue to drift lower from the 3-year high of 1.2540. In the weekly timeframe, the world’s most traded currency snapped the seven winning sessions and posted a red candle. The short-term technical indicators seem […]

Inter Korean relationships improve during winter games

north and south korea | EconAlerts

North Korean athletes, Kim Jong Un’s sister and the North Korean head of state seem to be leaving good impressions. On the other hand, there has been some talk about a possible negative impact on S.Korean-Japanese relationships. Media reports suggest that the common US-S.Korean military exercises maybe postponed ahead of possible North-South Korean meeting in […]

Week ahead: February 12th-16th

Weekly Market Outlook | Econ Alerts

UK and US CPI rates, Germany’s and Japan’s GDP as well as Australia’s Employment Data in focus.   Next week’s market movers   • In the UK and the US, we expect the release of the inflations data to draw attention.   • The German and Japanese GDP figures on Wednesday could also move the […]

Technical Analysis – GBP/JPY

GBP/JPY 09/02/2018

GBP/JPY has plunged sharply lower since Wednesday, almost reaching a two-month low near the 150.00 strong psychological level. Meanwhile, the price has been developing within an upward sloping channel since September, while in the short term technical indicators support a bearish picture. From the technical point of view, the market could increase negative momentum in the short term. […]

Technical Analysis – USD/CAD

USD/CAD Daily 09 FEB 2018 | Econ Alerts

USD/CAD rose as high as 1.2620, a level last experienced on December 28 and is posting a bullish rally following the rebound on the 1.2250 support level last Friday. Additionally, dollar/loonie is in progress to record the second consecutive green week as it also successfully surpassed the 23.6% Fibonacci retracement level at 1.2470 of the […]

RBNZ stands pat

RBNZ kept it’s interest rate stable at 1.75% as was widely expected by the market. The statement had a dovish tone. Monetary policy is to remain accommodating for a considerable time and inflation rate to reach 2% in 2020. Also, it was commented that the NZD rise was largely due to US Dollar move. Later […]

Chinese trade & inflation numbers

China will see the release of trade data for the month of January on Thursday, with analysts projecting both exports and imports to grow at a solid pace; the release is tentative, lacking a fixed time of release. Figures on January producer and consumer prices out of the world’s second-largest economy will also be attracting […]

Technical Analysis – AUD/USD

AUD/USD Daily 07 FEB 2018 | EconAlerts

AUD/USD continues the sell-off; next critical level 23.6% Fibonacci mark. AUD/USD edged sharply lower over the previous six trading days, however, during yesterday’s session, the price snapped the steep losses and recorded a positive day, following the rebound on the lower Bollinger band around 0.7835. Looking at the bigger picture, the pullback from the 32-month […]