Technical Analysis – GBP/JPY

GBP/JPY 16/02/2018 | EconAlerts

GBPJPY hovers near 2 ½-month lows; risk tilted to the downside. GBP/JPY has been indecisive since its plunge to a 2 ½-month low of 147.95 on Wednesday, moving sideways between 149-150. The market, however, lacks positive sentiment as technical indicators suggest that a move to the downside is a more likely outcome in the near future. […]

Technical analysis – USD/CAD

USD/CAD16 FEB 2018 | EconAlerts

USD/CAD looking neutral in short-term; bearish in the medium term. USD/CAD attempted several times to cross above the 50% Fibonacci of the down-leg from 1.2919 to 1.2248 but its efforts were fruitless as it finally reversed direction to test resistance at the 38.2% Fibonacci. The technical indicators now support that the short-term bias is neutral, […]

Italian elections: Europe’s and the common currency’s next big test?

Italy flag | EconAlerts

Italy will be heading to the polls to elect a new national government on March 4. This is widely viewed as the common currency’s – more widely the eurozone’s and Europe’s – next major risk event. The result of the elections is far from known, with a number of possible outcomes being at play and […]

EU to soften Brexit Transition stance

Brexit | EconAlerts

Media suggested yesterday that the EU Council may soften its stance towards the Brexit transition deal.  Analysts predict that a clearing of the fog regarding the transition deal will play a central role in sterling investors’ minds. Other headlines suggest that London may lose its appeal as a financial center to New York City or […]

Technical Analysis – GBP/AUD

GBP/AUD 15/02/2018 | EconAlerts

GBP/AUD seen neutral in short-term; could maintain uptrend in medium-term. GBP/AUD has been making higher highs over the last number of months. In the short-term, the market seems to have lost direction after the pair touched a 1 ½-year peak of 1.7997 on February 8 and now the technical indicators suggest the continuation of the consolidation phase. The Relative Strength Index (RSI) is moving […]

Technical Analysis – NZD/USD

NZD/USD 15/02/2018 | EconAlerts

NZD/USD follows bullish tendency; next level up at 0.7420. NZD/USD is moving lower over the last couple of hours after the bullish run it created in the previous days. However, the aggressive buying interest pushed the price above the key level of 0.7350 and posted a 2-week high of 0.7410, indicating further upward tendency. Short-term […]

Technical Analysis – Apple

Apple Daily 15/02/2018 | EconAlerts

Apple stock returns to gains; posts 2-week high. Apple stock price reached a 2-week high of 167.41 during Wednesday’s US session as the price extends its bullish run, following the rebound on the 150.00 critical psychological level. Also, the stock completed the third straight green day hitting the 20-day simple moving average, which overlaps with […]

Technical Analysis – USD/JPY

USD/JPY Daily 15 FEB 2018 | EconAlerts

USD/JPY edges sharply lower below symmetrical triangle; records fresh 15-month low. USD/JPY dipped sharply lower on Wednesday, while it posted the third red day in a row and created a new 15-month low of 106.29 during today’s Asian session. The aggressive bearish rally started after the fall below the 50.0% Fibonacci retracement level near 108.80 […]

US Stock-markets bypass inflation

US dollar | EconAlerts

US Dollar strengthened upon release of the inflation rates, but the markets quickly got over it, with the dollar being on the defensive side currently. Analysts suggest that confidence in a strong economy may have overshadowed the higher than expected inflation rate. However, the paradox exists where the US Dollar is weakening despite the higher […]

Technical Analysis – EUR/JPY

EUR/JPY 14/02/2018 | EconAlerts

EUR/JPY bears take the lead; 23.6% Fibonacci support level still holding. EUR/JPY has been trading sharply lower since the previous week, following the pullback from the more than a 2-year high of 137.50. Prices broke below the 133.00 handle over the last couple of sessions in the 4-hour chart and are trading below their moving averages. The bearish […]