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Daily analysis | 28 August 2017 TRADE THE MARKETS TRY DEMO All trading involves risk. It is possible to lose all your capital Speaking at the Jackson Hole on Friday, Fed Chair Janet Yellen avoided the subject of monetary policy altogether. The absence of any signals regarding an imminent balance sheet reduction or the
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The EUR/USD reached lows of 1.170 yesterday but closed higher at 1.177. We have two consecutive bullish pin candles on the daily chart, and a bullish candle on the close of the week, this suggests a bullish scenario for next week. The bias is bullish in nearest term testing 1.185 – 1.190 region. There is a level of support
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From the EUR/USD monthly time frame chart, last month's big candle climbed and closed above the 38.2 Fibonacci level. This month started with a retest back to the 38.2 Fibonacci level and seems like this level could possibly turn into support. If the 38.2 Fibonacci level can hold then the next target is the
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Today the ECB decided to keep their policies unchanged, this set a dovish tone before the ECB President Mario Draghi made his statement. Investors were listening to clues to when the Europen Central Bank will start tapering (unwinding their money printing policy). Investors may have been disappointed as there was no clear
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The EUR/USD is looking to retest the high of 2017 and possibly break the resistance of the range the currency pair has been trading in for over 2 years. This is a far cry from some of the start of the year forecasts of the pair moving to parity by
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March has seen the US Dollar retrace from February's failed recovery of it's high of 103. The last time the US Dollar Index was at this level was September 2003.US stock indices, S&P 500 and Dow Jones have also been falling since highs of 2395.96 and 21115.55 respectively. The US
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I wasn't too surprised that the FED last week announced that they will not be raising interest rates in the near future however, I was surprised at the EUR/USD huge surge in the value of the Euro against the Dollar which occurred after the announcement was made. The rally was
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