Market Brief May 31st: GDP from Canada

31 May, 2018 - 07:35AM

China CNY & AUD, 02:00 a.m. GMT +1, Manufacturing PMI (May) – the index provides data about the manufacturing sector in China. Expectations of analysts show that they predict the Purchasing Managers’ Index to remain the same. If the actual performance beats expectations and the PMI number is hi

Market Brief May 30th: Gross Domestic Product from the U.S.

30 May, 2018 - 08:30AM

Germany EUR, 09:00 a.m. GMT +1, German Unemployment (May) – the index measures the change in the number of individuals who became unemployed during the month of May. Market analyst projections point to an increase in the people who were out of job at -10K versus -7K in April. If the report shows a

Market Brief May 29th: U.S. Consumer Confidence due today

29 May, 2018 - 07:33AM

Bitcoin and Ether- Ether has fallen 14% overnight as cryptocurrnecies depreciate in value and price across the board. Both markets approach immediate levels of support. For Bitcoin, the farthest support is located at $5,800 while Ether is heading toward the $360 support area. Should those two market

Market Brief May 25th: GDP from the United Kingdom to stir the cable

25 May, 2018 - 08:26AM

Good morning traders! Today’s market catalysts include: EUR , 09:00 a.m. GMT + 1, German Ifo Business Climate index (May) – a key leading indicator of the economy looking six months ahead, the composite index is based on a survey of builders, manufacturers, wholesalers, and retailers. Data is perce

Market Brief May 24th: Retail Sales due from the U.K.

24 May, 2018 - 06:46AM

Germany EUR, 07:00 a.m. GMT +1, German GDP (QoQ) (Q1) – Gross Domestic Product is a major event for the euro and its pricing. The report shows change in the output of goods and services for the first quarter of 2018 could set the course of direction for the market. Market analyst projections predict

Market Brief May 23rd: German Manufacturing PMI to influence the euro

23 May, 2018 - 05:55AM

Bitcoin & Ether- both crypto currencies dropped 3 % each on Tuesday. This is quite normal since markets are down trending. There have also been rumors that Russia and Iran are looking to utilize crypto markets in order to evade sanctions and ultimately to decrease dependency on the U.S. dollar.

Market Brief May 22nd: BoE Gov. Carney Speaks

22 May, 2018 - 06:04AM

The Hong Kong stock exchange will be off for the day celebrating Buddha’s birthday. Traders can expect the exchange to be resuming standard trading activity on Wednesday, May 23rd. The United Kingdom GBP, 09:15 a.m. GMT + 1, BoE Gov Carney Speaks – the head of the Central Bank in the United Kingdom,

Market Brief May 21st: OPEC Meeting on focus

21 May, 2018 - 06:46AM

Ether –the virtual currency is holding up quite well and refuses to fall below $650. Daily trading volumes is approaching to the levels we saw in January and February this year. It should be stressed that it was during that time that both volume and price of the asset reached all time-highs. We will

Market Brief May 18th: Core CPI from Canada

18 May, 2018 - 06:22AM

Canada CAD, 13:30 p.m. GMT + 1, Core CPI (MoM) (Apr)- Core Consumer Price Index measures inflation (the change in price) of goods and services with the exception of food and energy for the month of April. The change in prices is measured from the perspective of consumers. The previous period in Marc

Market Brief May 17th: Philadelphia Fed Manufacturing Index due today

17 May, 2018 - 09:16AM

Australia AUD, 02:30 a.m. GMT + 1, Employment Change (Apr) – a crucial indicator of consumer spending which measures the number of people that were employed for the month of April. Projections point to a significant increase in the individuals employed at 20.3K in April compared to 4.9K for the prev

Market Brief May 16th: Bitcoin viewed more seriously by policy makers

16 May, 2018 - 05:57AM

Bitcoin – A major news outlet, CNBC, reports that a top U.S. policy maker commented positively on the crypto currency as a potential threat to the almighty U.S. dollar. A major advantage over the greenback has been stressed the ease of transaction and trade facilitation seen by Bitcoin so far. On th

Market Brief May 15th: A day packed with market catalysts

15 May, 2018 - 06:49AM

Australia AUD, 02:30 a.m. GMT+1, RBA Meeting Minutes – the minutes contain a detailed description of the specific reasons and economic conditions that brought about the latest interest rate decision. Comments may hint at future decisions to affect monetary policy. Germany EUR, 07:00 a.m. GMT +1, G

Market Brief May 14th: Cryptos retrace

14 May, 2018 - 07:03AM

Bitcoin – New York, one of the major financial hubs of the world, now gathers thousands of individuals to more than 20 conference events. With tickets costing $2000 each and well over 4000 people expected to attend CoinDesk’s Consensus three-day conference, the event is expected to bring in more tha

Market Brief May 11th: Fundstrat research predicts Bitcoin could reach $64,000

11 May, 2018 - 09:51AM

Bitcoin There is major upside potential for the cryptocurrency according to investment research firm Fundstrat. Predictions for price growing four times to reach $64,000 is seen to possibly take place by the end of next year. Instrumental to that return is bitcoin mining. Last year, the influx of in

Market Brief May 10th: Interest Rate Decision for the U.K.

10 May, 2018 - 07:39AM

The United Kingdom GBP, 09:30 a.m. GMT, Manufacturing Production (MoM) (Mar) – the index is extremely important for the economy of the United Kingdom as manufacturing accounts for 80% of overall industrial production. The total output produced by manufacturers for the month of March is expected to r

Market Brief May 9th: RBNZ Interest Rate Decision

09 May, 2018 - 09:18AM

Bitcoin and Ether – restrictive regulatory moves in countries like Korea, Japan and Hong Kong have forced a number of cryptocurrency exchanges to move to nations where regulations are less stringent. Korea is one example of a massive plunge in daily Bitcoin transactions. Prices of the assets are hol

Market Brief May 8th: Fed Chair Powell Speaks

08 May, 2018 - 07:25AM

Australia AUD 02:30 a.m. GMT +1, Retail Sales (MoM) (Mar) –the index measures the change in sales for the month of March at the retail level. Projections point to a decline at 0.2% for the past month compared to the previous reading for February which came out at 0.6%. If the actual news comes out

Market Brief May 7th: Cryptos plunge on Japan exchange restrictions

07 May, 2018 - 07:20AM

Bitcoin- The market is actively moving! We could be seeing a much awaited revival of Bitcoin. This is our fourth consecutive week of bullish price action. The virtual currency is slowly but surely reaching out for the major level at $10,000. The asset class is becoming more and more attractive to bi

Market Brief May 4th: Nonfarm Payrolls finally here

04 May, 2018 - 05:34AM

Bitcoin Good news comes in from the Investment Bank Goldman Sachs on May 2nd as reported by the New York Times. The financial institution is interested in launching a Bitcoin trading operation. The idea is to trade the virtual currency for speculative purposes and not hold actual Bitcoins. The bank

Market Brief May 3rd: ISM Non-manufacturing PMI for the U.K. and the U.S.

03 May, 2018 - 07:22AM

Bitcoin & Ether- the two markets have slowed down the past few days. There’s rumors of regulatory scrutiny. CNBC reports that oversight watchdogs (with regulation over commodities and stocks) are seeking to find out if crypto currencies should be subject to the same rules and regulations as othe

Market Brief May 2nd: Big day for the dollar

02 May, 2018 - 07:04AM

European Union EUR, 08:55 a.m. GMT+1, German Manufacturing PMI (Apr) – an important market catalyst that will impact the euro and its price. Manufacturing in the strongest economy of the European Union is followed by major banks and financial institutions as well as retail traders. Projections are f

Market Brief May 1st: Manufacturing from the U.S. and the U.K. due

01 May, 2018 - 07:12AM

Today Labour Day is celebrated in the following countries: Germany, China, Belgium, Switzerland, Hong Kong, and Spain. They will be off for the day. However, there are serious market catalysts on the calendar today that are likely to shake up the markets. Bitcoin – the Chicago Mercantile Exchange &a

Market Brief April 27th: U.S. GDP due

27 April, 2018 - 05:18AM

The European Union EUR, 08:55 a.m. GMT, German unemployment change (Apr) – The event measures the change in the number of unemployed individuals during the month of April. If the reading shows that more people were out of job in April compared to predictions, this should be seen as having a negative

Market Brief April 26th: ECB interest rate decision

26 April, 2018 - 05:28AM

The European Union EUR 12:45 p.m. GMT, ECB Interest Rate Decision (Apr) – a high-impact event, one of the major drivers of valuation of the euro. A strong interest rate would suggest that the economy is doing well an vice versa. Market analyst projections point to no change in the rate and for it t

Market Brief April 25th: Growing interest in crypto markets by major players and banks

25 April, 2018 - 07:28AM

Bitcoin and Ether – there’s been information circulating that serious big players have been sharpening their teeth in relation to the crypto ecosystem. To be particular, the financial “whales” expressing interest are: $26 billion dollar wealth management firm owned by George Soros, Stanjar, Venrcok

Market Brief April 24th: German Business Climate is here

24 April, 2018 - 06:57AM

Germany EUR, 09:00 a.m. GMT, German Ifo Business Climate Index (Apr) – this is an extremely important index that has a long-term impact going six months forward. It assesses business climate and expectations based on the opinions of wholesalers, builders, manufacturers and retailers. It is interest

Market Brief April 23rd: Ether is up an impressive 36%

23 April, 2018 - 06:51AM

Bitcoin & Ether- since the beginning of the month, Bitcoin is up an impressive 34%. To be more specific, the most traded crypto currency started to push up from $6,800 at the beginning of April to trade at the current levels of $8,500. The good news is that Ether is moving a lot more actively co

Market Brief April 20th: Core Retail Sales from Canada

20 April, 2018 - 07:13AM

Canada CAD, 13:30 p.m. GMT, Core CPI (MoM) (Mar) –this is a high-impact event to influence the Canadian dollar. Core Consumer Price Index is a key measurement of purchasing trends and inflation. The index tracks change in the price of goods and services with the exception of food and energy. Last ti

Market Brief April 19th: IMF chief stresses benefits of Crypto markets

19 April, 2018 - 07:11AM

Bitcoin & Ether The managing director of the International Monetary Fund, Christine Lagarde wrote a blog in support of crypto currenices and the benefits they offer as an alternative method of payment. Lagarde is among the most influential people not only in the world of finance but globally (ra

Market Brief April 18th: Interest Rate Decision from Canada

18 April, 2018 - 06:45AM

The United Kingdom GBP, 09:30 a.m. GMT, CPI (YoY) (Mar) – the Consumer Price Index is a key measurement of inflation showing the change in the price of goods and services from consumer point of view. Today, traders will be informed of the change that took place in CPI this yeat for the Month of Marc

Market Brief April 16th: Crypto markets gain more popularity

16 April, 2018 - 06:36AM

Bitcoin and Ether Bitcoin and Ether had a strong bullish week, with the first trading above $8,000 and the latter being slightly above the $500 mark. All crypto fans and traders are currently glued to the screens and waiting for next moves by those two giant markets that have attracted so much atten

Market Brief April 13th: Michigan Consumer Sentiment from the U.S.

13 April, 2018 - 05:03AM

The United States USD, 15:00 p.m. GMT, JOLTs Job Openings (Feb) – these are job openings which are vacant and not filled at the end of the last business day of the month. The data is for the month of February. Market analyst projections point to an expedted decrease at 6.110M vacant places compared

Market Brief April 12th: BoE, Gov. Carney Speaks

12 April, 2018 - 04:57AM

Bitcoin Bank of American Merril Lynch has come out with an opinion that Bitcoin is an example of “one of the greatest asset price bubbles in history”. The American bank has come out with a chart comparing the appreciation we saw in Bitcoin in 2017 to the Dutch tulip bubble in 1637, the U.S.stock ma

Market Brief April 11th: FOMC Meeting Minutes today

11 April, 2018 - 07:07AM

The United Kingdom GBP, 09:30 a.m. GMT, Manufacturing Production (MoM) (Feb) – projections are for an increase at 0.2% in the levels of production in the U.K. for the month of February. This is to be compared with the previous period’s reading that came out at 0.1%. If the actual performance is high

Market Brief April 10th: Producer Price Index for March

10 April, 2018 - 07:06AM

Bitcoin and Ether Bitcoin was down 6% in couple of hours on Monday which drove price to tarde around $6,690. Ether didn’t take long before falling as well and trading below $400 in the late afternoon hours on Monday. Traders have to remember that price has its fluctuating cycles during the week too.

Market Brief April 9th: Tycoons Soros and Rothschild preparing to trade cryptomarkets

09 April, 2018 - 07:14AM

Bitcoin and Ether Bitcoin and Ether may see a huge boost from Institutional investors this year. Bloomberg reports that George Soros who manages the $24 billion Soros Fund Management is currently preparing to trade cryptocurrencies. Another massive player known for his ties to the financial institut

Market Brief April 6th: Highly awaited Non-farm Payrolls is here!

06 April, 2018 - 07:08AM

The United States USD, 13:30 p.m. GMT, Nonfarm Payrolls (Mar) – this is the event of the day. Volatility is expected to increase significantly during and after the event. Market analyst expectations are for non–farm and private employment to have decreased in March by a whopping 120,000 people, that

Market Brief April 5th: Services PMI from the U.K.

05 April, 2018 - 06:21AM

China and Hong Kong will be off for the day due to celebrations of the Ming Festival and observe the Tomb Sweeping Day. Those two markets will resume standtard trading activity on Friday. The United Kingdom GBP, 09:30 a.m. GMT, Services PMI (Mar)- the Services Purchasing Managers’ Index is the highl

Market Brief April 4th: Construction PMI for the U.K.

04 April, 2018 - 06:48AM

United Kingdom GBP, 09:30a.m. GMT, Construction PMI (Mar) – an important leading indicator that measures the activity level of purchasing managers in the construction sector. The reading of Construction PMI gives information to the public ahead in time since managers have early access to company per

Market Brief April 3rd: Focus on German PMI

03 April, 2018 - 07:43AM

Australia AUD, 05:30 a.m. GMT, RBA Interest Rate Decision (Apr) – interest rate decision for an economy is one of the greatest catalysts for price action. And, today we can expect increased volatility for the Aussie and all pairs involving the currency. Market analysts forecast the rate to remain un

Market Brief April 2nd: U.S. Manufacturing PMI is here

02 April, 2018 - 07:12AM

Easter is celebrated as an official holiday. The major exchanges that will be off for the day are Germany, the United Kingdom, New Zealand, Hong Kong and Australia. However, we are expecting major news from Japan and the United States. Japan JPY, 00:50 a.m. GMT, Tankan Large Non-Manufacturers Index

Market Brief March 29th: GDP for the U.K. is here

29 March, 2018 - 07:20AM

European Union, Germany EUR, 09:00 a.m. GMT, Germany Unemployment Change (Mar) – German Unemployment Change measures the change in the number of unemployed people for the month of March. Market analysts project a decrease in the number of people out of job at – 15K compared to last period’s -22K in

Market Brief March 28th: U.S. Gross Domestic Product due

28 March, 2018 - 06:23AM

The United States USD, 13:30 p.m., GMT, GDP (QoQ) (Q4)- a high-impact event that measures the change in the total production of goods and services for the 4th quarter of 2017. Analyst projections point at an increase for Q4 at 2.7% compared to Gross Domestic Product in Q3 that came out at 2.5%. Shou

Market Brief March 27th: U.S. Consumer Confidence

27 March, 2018 - 05:51AM

The United States USD, 15:00 p.m. GMT, CB Consumer Confidence – a major forward – looking indicator that measures the level of consumer confidence in economic activity. Consumer Confidence looks 6 months ahead and is also an excellent predictor of consumer spending for the U.S. economy. Forecast for

Market Brief March 26th: Focus of the week

26 March, 2018 - 07:39AM

Bitcoin- convertibility of cryptocurrencies seems to be on the rise. Bitcoin is accepted as a way of payment by JM Bullion, Silvergoldbull, and Apmex. The companies are precious metal businesses. Peter Schiff, CEO and chief global strategist at Euro Pacific Precious Metals, is known as a staunch adv

Market Brief March 22nd: BoE Rates Announcement Next

22 March, 2018 - 08:08AM

European Union EUR, 08:30 a.m. GMT, German Manufacturing PMI (Mar) P – this is a crucial indicator for the overall performnace of the EU. Analysts project a minor decrease at 59.8 for the month of March (a preliminary result) compared to February’s 60.6. Should the actual result be better than expec

Market Brief March 21st: Fed Rate Decision to excite the markets

21 March, 2018 - 08:11AM

United States USD, 14:00 p.m. GMT, Existing Home Sales (Feb) – there is an expected increase at 5.41M (from 5.38M) in the residential homes sold during the month of February. Should the event beat expectations by a significant amount, this is to be read as a bullish sign for the dollar. A disappoing

Market Brief March 20th: German ZEW Economic Sentiment (Mar)

20 March, 2018 - 10:35AM

Cryptocurrencies President Donald Trump has dealt a serious blow on Venezuela’s Petro Currency by signing an executive order that bans American citizens from trading the asset. This move has been made in reaction to the currency that opened a door to circumvent economic sanctions imposed by the U.S.

Market Brief March 19th: G20 Meeting in Buenos Aires

19 March, 2018 - 08:00AM

This week promises to offer high-impact events that are likely to offer opportunities for trading. Let’s see what some of them are: Wednesday, March 21, 2018 USD, 18:00 p.m. GMT, Federal Reserve Rate Decision – the event is going to provide a major catalyst for action across most markets involving t

Market Brief March 16th: Building Permits is here

16 March, 2018 - 06:49AM

European Union EUR, 10:00 a.m. GMT, CPI (YoY) (Feb) – The Consumer Price Index measures inflation of goods and services from the point of view of the consumer. This time, we’ll see if there was change between this year’s CPI in February and the performance of the index same time last year. The forec

Market Brief March 15th: Cryptos fall

15 March, 2018 - 08:02AM

Bitcoin Cryptocurrencies fall with a steady pace. Bitcoin traded toward the $8,000 mark while Ether was reaching out for the farthest support at $600. Those falling prices, however, are accompanied by increased levels of volatility which are a crucial ingredient for capitalizing on potential opportu

Market Brief March 14th: ECB President Draghi Speaks

14 March, 2018 - 07:49AM

China CNY & AUD, 02:00 a.m. GMT, Industrial Production (YoY) (Feb) – the index is expected to increase at 6.3% for the month in February 2018 comaored to the same month’s performance last year. China’s performance is in positive correlation with that of Australia due to their trade relations. So

Market Brief March 13th: German ZEW today

13 March, 2018 - 06:33AM

Bitcoin Interestingly enough, the Governor of People’s Bank of China, Zhou Xiaochuan has said that digital currencies are technically “inevitable”. He points out that the main goal of cryptocurrencies was to enhance monetary convenience and save people from paying exchange costs. Howver, the highly

Market Brief March 12th: Major events this week

12 March, 2018 - 07:21AM

Good morning Traders! This week is expected to be quite busy with plenty of market catalysts that will get the markets moving. Let’s take a look at the high-ipact events that the week offers. Monday, March 12, 2018 No high-impact events on the first business day of the week. All markets will be up a

Market Brief March 8th: ECB interest rate decision

08 March, 2018 - 07:22AM

Ether – the second largest cryptocurrency by market cap is now down more than 5% is just 24 hours. Weakness in Ether starts to accelarate and price has dropped below $750. If we see another day of bearishness, price action may seriously plunge and break through levels. The fundamental reason behind

Market Brief March 7th: Canada interest rate decision due

07 March, 2018 - 07:05AM

Australia AUD, 00:30 a.m. GMT, GDP (QoQ) (Q) – Gross Domestic Product measures the change in the total value of goods and services produced for the 4th quarter. Projections lean toward a decrease at 0.5% compared to 0.6% for the previous 3rd quarter. Should the actual reading come out considerbly be

Market Brief March 6th: Interest Rate Decision for Australia due

06 March, 2018 - 08:01AM

Ether and Bitcoin Dutch investors have been reported to hold onto their crypto coins despite the sharp dip that we saw December last year. Based on a Multiscope survey the strategy of those investors is to hold small amounts of digital currency over the long-term with the idea of capitalizing on lon

Market Brief March 5th: News on the pound and greenback expected

05 March, 2018 - 07:13AM

United Kingdom GBP 09:30 a.m. GMT, Services PMI (Feb) – a leading indicator for the entire economy where Purchasing Managers provide data about the performance of their companies in the service sector. A reading above 50 should be read as a positive sign for the British pound while a performance bel

Market Brief March 2nd: Growing interest in Crypto markets

02 March, 2018 - 07:23AM

Bitcoin and Ether There is increasing interest in cryptotrading which can be seen in the massive applications for financial regulation by more than 100 firms in Japan. Those firms are awaiting to have their applications approved so they can operate cryptocurrency exchanges. That collective move is a

Market Brief March 1st: Manufacturing due for major economies

01 March, 2018 - 06:59AM

Bitcoin- over the past 24 hours, the market capitalization has stabilized at $450 billion dollars which is an increase in market valuation at about $30 billion. For now, market analysts do not predict that the market will enter a bull trend. Neither the volumes, nor price action are suggestive of a

Market Brief February 28th: US GDP today

28 February, 2018 - 07:43AM

European Union Germany EUR, 09:00 a.m. GMT, German Unemployment Change (Feb) – the index measures the number of unemployed people for February. Market analysts predict that unemployment would have increased at -15K compared to -25K for the month of January. Should the actual reading be higher than p

Market Brief February 27th: Goldman Sachs funds firm focused on cryptocurrencies

27 February, 2018 - 07:52AM

Bitcoin Bitcoin and Ether continue to edge up in price sending positive signals to the market and traders. Bitcoin is trading above the $10,000 mark while its counterpart, Ether, is above the support of $860. It is interesting to turn our attention to the fact that one of the mosyt influenctial inve

Market Brief February 26th: ECB President Draghi Speaks

26 February, 2018 - 06:58AM

Bitcoin Bitcoin and Ether have retraced the past couple of business days but weakness seems to have stabilized and is not below critical levels. On Firday, Bitcoin traded abobe the $9,500 support level and Ether also refused to drop under the $740 support level. If regulators step back on their inte

Market Brief February 23rd: German GDP today

23 February, 2018 - 06:54AM

Germany EUR, 07:00 a.m. GMT, German GDP (QoQ) (Q4) –gross domestic product for the main driver of the EU economy is here. We’ll be getting results for the 4th quarter of 2017. Projections are for a small decrease at 0.6% compared to 0.8% from the third quarter. If the actual reading is higher than

Market Brief February 22nd: Crude Oil Inventories on focus

22 February, 2018 - 07:19AM

Bitcoin- there’s been a curious happening in a Japanese cryptocurrency exchange. On February the 19th, just two days ago, there was a technical issue that resulted in the exchange offering Bitcoin at the value of zero. There were just a few people who took advantage of the glitch and bought the digi

Market Brief February 21st: FOMC meeting today

21 February, 2018 - 07:12AM

Bitcoin Amid talks of regulation, crytpocurrencies are on the rise again. Bitcoin has been rallying again. This week the digital currency traded at $11,500 in the late Tuesday hours. Only seven days ago, Bitcoin was at $8,000. Ether has been a bit slower but performs in a relatively similar way with

Market Brief February 20th: German ZEW Economic Sentiment today

19 February, 2018 - 06:51PM

Bitcoin – the digital currency recovered 80% from the selloff we witnessed in early February when price bottomed at $5,800. These movements show that there is a lot of potential on both the bull side and the bear side. Analysts are providing opposing views, some predicting a potential rise to $100,0

Market Brief February 19th: Growing awareness of Bitcoin in Germany

18 February, 2018 - 07:45PM

Bitcoin – the German Federal Association for Information Technology has conducted a survey among German population and found that Bitcoin has as of February 15th awareness has doubled since 2016 and reaching 64%. In terms of actual trading, most embracing are the citizens of Japan and South Korea. T

Market Brief February 16th: Aggressive bullishness in Bitcoin

16 February, 2018 - 07:55AM

Bitcoin- we have definite consistency in price action over the past 2 weeks. This could bring in a wave of optimism across traders and investors that are looking to buy the market. Currently, price is trading above $10,000 and once price crosses and closes above $13,000 then we’d have a very strong

Market Brief February 15th: Crypto currencies try to recover

15 February, 2018 - 07:35AM

Bitcoin – we’re seeing an upsurge in both Ether and Bitcoin. Both digital currencies seem to be recovering in price, especially Ether which traded above $900 in the later afternoon on Tuesday. If price action continues to move in the same manner, we could see a lot more bullish price action. Pay at

Market Brief February 13th: GDP for Japan

13 February, 2018 - 07:47AM

Tuesday will be influnced by two major events. One of them is from the United Kigdom and the second is from Japan. United Kingdom GBP 09:30 a.m. GMT, CPI (YoY) (Jan) – the Consumer Price Index measures the change in the price of goods and services from the perspective of the consumer. CPI is instrum

Market Brief February 12th: High-Impact events this week

12 February, 2018 - 07:27AM

Monday, February 12, 2018 Japan –The exchange will be open on Tuesday due to a Holiday in the country.   Tuesday, February 13, 2018 GBP 09:30 a.m. GMT, CPI (YoY) (Jan) JPY 23:50 p.m. GMT, GDP (QoQ) (Q4) P   Wednesday, February 14, 2018 EUR 07:00 a.m. GMT, German GDP (QoQ) (Q4) ) USD, 13:30 p.m. GMT,

Market Brief February 9th: U.K. Manufacturing Production

09 February, 2018 - 07:47AM

Bitcoin Cryptocurrencies got slashed the previous month showing us that what goes massively up can go massively down as well. What is important when it comes to trading any market is getting it right whether the market has bottomed or not. If it has we could start buying from the lows. If this is no

Market Brief February 8th: Interest Rate Decision from BoE

08 February, 2018 - 07:31AM

Bitcoin In the past 24 hours, the largest cryptocurrency has appreciated by 23% and is currently trading above $8,200 (as of 06:00 p.m. GMT). A reason for the bullishness could be traced to the potential sell-off. The question that has to be asked here is: was that the bottom? If this is the bottom,

Market Brief February 7th: Interest Rate Decision from New Zealand

07 February, 2018 - 07:45AM

Bitcoin On Tuesday, Bitcoin got the cold shoulder from top economist Nouriel Roubini – a noted and highly respected American economist and professor at New York University’s Stern School of Business. The professor sees the digital currency dropping all the way down to zero. In all fairness, the cryp

Market Brief February 6th: Bitcoin continues to fall

06 February, 2018 - 07:49AM

Bitcoin Bitcoin has fallen below $7,900. So far there is no support level strong enough that could prevent further weakness. From a fundamental perspective, bears have stepped in due to the prospect of stricter regulation coming from China and India. The major selloff that took place in the past 24

Market Brief February 5th: Mario Draghi Speaks

05 February, 2018 - 08:40AM

Bitcoin and Ethereum A positive correlation between Google searches for Bitcoin and growth in cryptocurrencies has been found. Data shows that in December last year, google searches skyrocketed and along with them wallet growth digital currencies has jumped twice. Interestingly, Bitcoin has played a

Market Brief January 2nd: Nonfarm Payrolls

02 February, 2018 - 09:38AM

Bitcoin and Ethereum Both digital currencies are falling in price. Bitcoin is currenctly trading around $ 8,500 (as of Friday 07:00 a.m. GMT) and Ether is down as well trading at $921. Despite optimistic news and articles ternding on the internet, we should focus on reading the tape (i.e. what chart

Market Brief February 1st: Good news for Crypto traders

01 February, 2018 - 08:43AM

Bitcoin The Finance Minister of South Korea, Kim Dong-yeon, has come out and said that there will be “no ban” on crypto currency trading. He also added that there will be no other forms of “suppressing” the activity. News has been also confirmed by Reuters yesterday on January 31st. The decision for

Market Brief January 31st: FED Interest Rate Announcement is Due

31 January, 2018 - 08:22AM

Bitcoin News came out that Facebook is banning the promotion of cryptocurrencies including advertising Bitcoin and Initial Coin Offerings (a.k.a. ICOs). We’re yet to see if this change will have a short-term temporary effect on the price if digital currencies or would have the opposite effect of inc

Market Brief January 30th: U.S. Consumer Confidence

30 January, 2018 - 07:32AM

Bitcoin- let’s face it, the month has been slow for digital currencies. Historical data from previous years shows that this is quite normal. The lack of movement in cryptos can be explained with one of the major players, the Chinese market. Chinese investors could be converting Bitcoin to cash prior

Market Brief January 29th: G20 summit in March to discuss cryptocurrenies

29 January, 2018 - 06:32AM

Bitcoin and Ethereum Cryptocurrencies are getting the attention of world leaders. The attention and necessity to deal with the pressing issue of how to treat digital currencies were a subject of discussion at the World Economic Forum in Davos. More clarity and potential actual measures could be unde

Market Brief January 26th: High –Impact GDP from the U.S.

26 January, 2018 - 07:50AM

Bitcoin Fresh news related to digital currencies came out from the United Kingdom in the late afternoon hours on Thursday. Prime Minister of the U.K. is concerned about transparency of usage when it comes to digital currencies. Being able to trace the movement of cryptocurrencies from sells to buyer

Market Brief January 25th: Interest Rate Decsion for the EU

25 January, 2018 - 08:15AM

Ethereum We continue to see a recovery in the cryptocurrency from last week’s 47% decline. Currently trading above $1,000. There are governments that see a lot potential in digital currencies. Venezuela, for example, is looking to issue a cryptocurrency backed by oil with the idea of battling hyperi

Market Brief January 24th: German Manufacturing PMI expected

24 January, 2018 - 08:08AM

Bitcoin Bitcoin faces more heat due to South Korea’s announcement to ban cryptotrading in the country. The reason why there is so much focus on South Korea is the fact that the country has one of the largest private bitcoin exchanges. Furthermore, there was another announcement on Monday that the g

Market Brief January 23rd: US Government Shutdown Ends

23 January, 2018 - 08:43AM

Update on the US Government Shutdown – President Donald Trump signed a government spending bill yesterday evening that ends a three-day partial shutdown. – The conflict ended after Senate Democrats accepted a deal from Majority Leader Mitch McConnell that will fund the government through Feb. 8. In

Market Brief January 22nd: Wholesale Sales from Canada

21 January, 2018 - 09:06PM

Bitcoin If you ever wondered why Bitcoin and other digital currencies are not soaring the way they used to, the answer is in governmental regulation. The past few days we’re seeing the digital currencies coming under fire from South Korea, Israel and Singapore. Despite that ATMs in Singapore have so

Market Brief January 19th: High Impact Retail Sales from the U.K.

19 January, 2018 - 07:30AM

Bitcoin In the last 24 hours, bitcoin gained back some of the losses it incurred and now we’re back above 11, 307, this is 7.5% up. Retail traders, however, shouldn’t rush to making grand conclusions about the direction of the price. This is not a full recovery but a rather meek attempt by bulls. Yo

Market Brief January 18th: Virtual currencies continue to fall

18 January, 2018 - 07:58AM

Bitcoin Virtual currencies are getting smashed across the board. Yesterday, the pioneer in the asset class, bitcoin, fell below the crucial fartherst support located at $ 11,300 level. The last time that the market was below the $ 10, 000 mark was on November the 10th. The big difference between now

Market Brief January 17th: Interest Rate Decision from Canada

17 January, 2018 - 07:16AM

Bitcoin Tuesday the virtual currency took a hit and slid to test the support at 11,300 which is pivotal. The virtual currency lost as much as 18% of its price among increasing rumors of stricter regulation coming from South Korea. The news affected other rival crypto currencies as well- Ethreum drop

Market Brief January 16th: U.K. Consumer Price Index Due

16 January, 2018 - 07:28AM

Germany EUR 07:00 a.m. GMT, German CPI (MoM) (Dec)- Germany is the major driving economy in the EU and the largest one. The index measures the change in the price of goods and services for the month of December. Projections point to no changes expected at 0.6% expected for December same as the readi

Market Brief January 15th: Rapid gains in Ether over the weekend

15 January, 2018 - 04:46AM

Ethereum The cryptocurrency is steadily ripping higher and is currently an exception among falling cryptocurrencies. Traders are now witnessing another peak clibmed- as reported on Saturday, January 13th, the $1,400 has now been conquered. The gain accounts for a 15% increase in the past 36 hours.

Market Brief January 12th: U.S. Retail Sales for December

12 January, 2018 - 07:24AM

Last business day for the week, traders. Let’s make it a good one! Bitcoin The global crypto market is getting rattled by concerns over South Korea banning digital currency trading via exchanges. The country’s minister of justice has said that there is a ban underway. As a result, virtual currencie

Market Brief January 11th, Forex and Cryptocurrencies: Ether hits an all-time high

11 January, 2018 - 07:43AM

Ethereum Among rival cryptocurrencies, Ethereum seems to exhibit a steady performance. On Wednesday, it traded above $1,300 which is an all-time high. The digital currency continues to rise in price and now takes the second honorary place in terms of market capitalization coming second after Bitcoin

Market Brief January 10th, Forex and Cryptocurrencies: U.K. Manufacturing Production

10 January, 2018 - 08:06AM

Bitcoin Today we’ll share with you a couple of facts about the first and largest cryptocurrency. Bitcoin is a digital currency that exists outside of the banking sector. It is the first currency to be created by people and not by a government. Another defining characteristic is its extremely volati

Market Brief January 9th: German Industrial Production is here

09 January, 2018 - 08:01AM

Bitcoin The largest cryptocurrency has been dropping for the past couple of weeks. The total decrease of about 17% is associated with news coming from regulators in China and South Korea who are increasingly tightening oversight on digital currency trading as a whole. Additionally, the Securities an

Market Brief January 8th: Increasing interest in digital currencies reported by market leaders

08 January, 2018 - 08:21AM

Bitcoin Major cryptocurrency exchanges report exponential growth in user interest for trading cryptocurrencies in the past 36 hours. Market leaders Coinbase, Binance, Bittrex are currenty trying to keep up with the unexpected user demand for trading digital currencies. Global markets have been addin

Market Brief January 5th: First Nonfarm Payrolls for the year

05 January, 2018 - 07:06AM

European Union EUR, 10:00 a.m. GMT, CPI (YoY) (Dec) P – preliminary CPI for the month of December is expected to be slightly lower at 1.4% versus 1.5% from last’s year’s reading. The Consumer Price Index measures the change in the price of goods and services from a consumer point of view. If today’s

Market Brief January 4th: Services PMI from the U.K.

04 January, 2018 - 08:44AM

United Kingdom GBP, 09:30 a.m. GMT, Services PMI (Dec) –the index measures activity levels of purchasing managers in the Services Sector. Projections are for an increase at 54.1 for the month of December compared to 53.8 for the previous period. This is a high-impact event for the pound and if the a

Market Brief January 3rd: Billionaire Investor Peter Thiel makes a huge bet in Bitcoin

03 January, 2018 - 07:19AM

Bitcoin The cryptocurrency received a huge vote of confidence from venture capitalist and PayPal cofounder, Peter Thiel. The billionaire and early Facebook investor has bought millions of dollars in Bitcoin as reported by the Wall Street Journal on Tuesday. The venture capital firm is purported to h

Market Brief January 2nd: German and U.K. Manufacturing PMI for Dec

02 January, 2018 - 08:57AM

Japan, All Day Holiday, Japan Exchange Holiday New Zealand, All Day Holiday, New Year’s Day Switzerland, Holiday, Berchtold’s Day China CNY & AUD, 01:45 a.m., Caixin Manufacturing PMI (Dec) – a leading indicator of the entire economy providing an overall view of activity in the manufacturing sec

Market Brief December 29th: German CPI for December

29 December, 2017 - 08:35AM

United Kingdom Holiday, New Year’s Eve- Early close at 12:30 p.m. GMT Germany EUR 13:00 p.m. GMT +1, German CPI (MoM) (Dec) P- the Consumer Price Index measures the change in the price of goods and services purchased by consumers. As you know Germany is the strongest economy in the European Union an

Market Brief December 28th: Chicago PMI is next

28 December, 2017 - 08:12AM

United States USD 13:30 p.m. GMT, Initial Jobless Claims – an early number measuring the change in the number of individuals who filed for unemployment insurance for the first time during the past week. Projections show a decreased number of people having filed, 240K versus 245K from the previous pe

Market Brief December 27th: Bitcoin and Etherium surge again

27 December, 2017 - 10:48AM

United States USD 15: 00 p.m. GMT, CB Consumer Confidence (Dec)- Consumer confidence is a leading indicator looking six months ahead into what the economy might look like. It measures the level of confidence that consumers have in economic activity. It can also predict cosumer spending which in itse

Market Brief December 26th: U.S. Consumer Confidence due

26 December, 2017 - 08:19AM

Good morning Traders! We have a couple of major news events today that are worth looking out for. Japan JPY 04:00 a.m. GMT, Governor Kuroda Speaks – traders and big players will be closely listening to comments regarding potential short-term interest rate changes and future monetary policy. The gove

Market Brief December 22nd: UK and Canada to publish GDP

22 December, 2017 - 07:46AM

United Kingdom GBP 09:30 a.m. GMT, GDP (QoQ) (Q3) – Gross Domestic Product is a major economic event with high-impact on the pound. It measures the change in the total value of goods and services produced for the third quarter of 2017. Expectations are for the performance to remain the same at 0.4%.

Market Brief December 21st: United States GDP to hit the wires

21 December, 2017 - 08:26AM

United States USD 13:30 p.m. GMT + 1, GDP (QoQ) (Q3) – a high-impact event that will increase the volatiltiry across the board. The change in the total output of goods and services for the third quarter is projected to remain the same at 3.3%. However, if the reading shows a higher-performance this

Market Brief December 20th: Governor Carney Speaks

20 December, 2017 - 09:09AM

United Kingdom GBP 13:15 p.m. GMT BoE Gov Carney Speaks- the governor of the Bank of England has major influence on the currency in terms of statements concerning monetary policy and interest rates. Traders closely follow statements made as those give insights into future measures affecting the eco

Market Brief December 19th: Building Permits from the U.S.

19 December, 2017 - 06:58AM

Australia AUD 00:30 a.m. GMT, RBA Meeting Minutes – the monetary policy meeting minutes of the Reserve Bank of Australia will provide detailed information on the economic conditions that influenced the rate decision. If the minutes are more hawkish, this should be taken as a bullish sign for the Aus

Market Brief December 18th: Bitcoin hits a new-time high at $ 20, 000 per coin

18 December, 2017 - 06:32AM

Bitcoin– the cryptocurrency broke all- time highs on Sunday at $ 20, 000 per bitcoin and a market cap of more than $ 300 billion. The break-neck speed at which the currency is increasing shows that more and more people are flocking to buy the asset. Bitcoin has outperformed all asset classes so far.

Market Brief December 15th: EU Trade Balance Due

15 December, 2017 - 08:18AM

European Union EUR 10:00 a.m. GMT, Trade Balance (Oct)- trade balance measures the difference in value between imported and exported goods and services over the month of October, this year. A positive number shows that more goods and services were exported than imported. The projection shows a decre

Market Brief December 14th: Interest Rate Decisions from the BoE and ECB

14 December, 2017 - 08:23AM

Germany EUR, 08:30 a.m. GMT, German Manufacturing PMI (Dec) P –the index measures the activity level of purchasing managers in the manufacturing sector. A key influence on the currency due to the fact that the event is a high-imapct one. Projections are for 62.2 comapred to 62.5 for the previous per

Market Brief December 13th: All eyes on the Interest Rate Decision from the U.S.

13 December, 2017 - 07:54AM

United Kingdom GBP 09:30 a.m. GMT, Claimant Count Change- the reading tells us the change in the number of unemployed people in the U.K. for the month of November. Projections are for an increase at 3.2K versus 1.1K for the month of October. An actual increase would suggest weakness for the pound, w

Market Brief December 12th: German ZEW Economic Sentiment

12 December, 2017 - 06:58AM

United Kingdom GBP 09:30 a.m. CPI (YoY) (Nov) –a key measurement of inflation and purchasing trends from consumer point of view. The Consumer Price Index measures the change in the price of goods and services. Projections show no change at 3.0% for November, same as last year during the same time. I

Market Brief December 11th: High –impact news from the United States

11 December, 2017 - 06:28AM

Happy Monday, Traders! First business day of the week is here with a focus on the high-impact news from the U.S. United States USD 15:00 p.m. GMT, JOLTS Job Openings (Nov)- the survey gives accurate statistical data of job vacancies. In particular, it summarizes information provided from employers a

Market Brief December 8th: Nonfarm Payrolls is here!

08 December, 2017 - 07:50AM

It’s the first Friday of the month and traders and investors are preparing for the big event of the week- Nonfarm Payrolls. Before that we have news from the United Kingdom. United Kingdom GBP 09:30 a.m. GMT, Manufacturing Production (MoM) (Oct) – a major indicator playing a key role in the economy

Market Brief December 7th: President Draghi Speaks

07 December, 2017 - 07:42AM

Canada CAD 15:00 p.m., GMT, Ivey PMI (Nov) –The Purchasing Managers Index is a leading indicator giving insights to the performance of companies. A level above 50 signifies expansion and growth of the business sector while a performance below that level could signal a contraction. The result for the

Market Brief December 6th: BoC Interest Rate Decision

06 December, 2017 - 07:42AM

Australia AUD 00:30 a.m. GMT, GDP (QoQ) (Q3) –we’re expecting Gross Domestic Product for Australia for the third quarter. This is a major catalyst and we could see price move significantly as a result of the news coming out depending on their nature. Projections are for a slight decrease at 0.7% co

Market Brief December 5th: ISM Non-Manufacturing PMI

05 December, 2017 - 07:32AM

Australia: AUD 00:30 a.m. GMT, Retail Sales (MoM) (Oct) – a prime indicator of consumer spending, Retail Sales measures the change in the total value of inflation-adjusted sales at the retail level. Projections for the month of October point to an increase at 0.3% versus 0.0% for the previous period

Market Brief December 4th: Focus of the day on U.K. Construction PMI

04 December, 2017 - 06:40AM

Japan JPY 04:00 a.m. GMT, BoJ Governor Kuroda Speaks- the Governor of Bank of Japan has a key role in setting interest rates for the country (as a response to improving or deteriorating economic conditions). His comments have a major role in the valuation of the Japanese yen, as they involve the ove

Market Brief December 1st: German Manufacturing PMI for November

01 December, 2017 - 07:51AM

Germany EUR 08:55 a.m. GMT, German Manufacturing PMI (Nov) – a high-impact event that could provide a major catalyst for action for the euro. The Purchasing Managers’ Index measures activity in the manufacturing sector. A level above 50 indicates an expansion, while a performance below 50 could sign

Market Brief November 30th: German Unemployment Change today

30 November, 2017 - 07:32AM

China CNY & AUD China, 01:00 a.m. GMT Manufacturing PMI (Nov) –the monthly indicator measures economic activity in the Chinese manufacturing sector. Since the Australian economy is positively correlated to the performance of Chinese economy, an increased performance in the sector should increase

Market Brief November 29th: U.S. GDP for the third quarter

29 November, 2017 - 06:52AM

We have plenty of serious market-moving events on the calendar today starting with the U.S. United States USD 13:30 p.m. GMT, GDP (QoQ) (Q3) P – a major event for the largest economy in the world, GDP reflects the total output of goods and services for the 3rd Quarter. Projections point to an expect

Market Brief November 28th: New FED Chairman to testify

28 November, 2017 - 06:44AM

United Kingdom GBP, 07:30 a.m. GMT, BoE Gov Carney Speaks- speeches by the head of the Central Bank in the United Kigdom have a major impact on the cable and its price. Governor Carney’s comments regarding short-term interest rates, inflation, and job creation can move the pound significantly. Depen

Market Brief November 27th: New Home Sales from The U.S.

27 November, 2017 - 06:45AM

First day of the business week is finally here. Markets are open and we’ll be looking for opportunities across markets. There are a few catalysts for action today. Switzerland CHF 08:15 a.m. GMT, Employment Level (Q3)- this is the number of people employed during the previous quarter. As you can se

Market Brief November 24th: German Ifo Business Climate

24 November, 2017 - 07:22AM

Germany EUR 09:00 a.m. GMT, German Ifo Business Climate Index (Nov) – this is the high-impact event of the day. A leading indicator looking forward six months ahead. The index is composed from a ssurvey based on of manufacturers, builders, wholesalers and retailers. Projections for the month of Nove

Market Brief November 23rd: German Manufacturing PMI due today

23 November, 2017 - 07:55AM

The U.S. is off today as the country is celebrating Thanksgiving Day. Germany EUR 07:00 a.m. GMT, German GDP (QoQ) (Q3)- a key measure of growth for the third quarter. Gross Domestic Product is a high-impact catalyst. Projections are for no change at 0.8%, same as for the previous quarter. If the ne

Market Brief November 22nd: FOMC meeting minutes

22 November, 2017 - 07:47AM

United States USD, 13:30 p.m. GMT, Core Durable Goods Orders (MoM) (Oct)- the index measure the change in the total value of new orders for long-lasting manufactured goods with the exception of transportation items. The index (from its name “Core”) derives a purer picture of manufactured goods as i

Market Brief November 21st: Existing Home Sales from the US

21 November, 2017 - 07:36AM

Australia AUD 00:30 a.m. GMT, RBA Meeting Minutes – here traders will find the most recent and detailed record of the bank’s most recent policy- setting meeting. The record contains specific insights into the economic conditions that had influence on the rate decision. If the minutes are more dovish

Market Brief November 20th: Mario Draghi Speaks

20 November, 2017 - 07:51AM

Germany EUR, 07:00 p.m. GMT, German PPI (MoM) (Oct) – the Producer Price Index measures change in the price of goods sold by manufacturers. Expectations are for the index to have performed at the same level at 0.3% in October, same as in September this year. If the actual reading today is higher tha

Market Brief November 17th: Building Permits from the U.S.

17 November, 2017 - 07:51AM

Today is the 5th business day of the week. Let’s make it worthwhile. There are three major high-impact events on the calendar. First one is from the EU.   European Union   EUR 08:30 a.m.GMT, ECB President Draghi Speaks – the head of the Central Bank has capability to move euro related markets via co

Market Brief November 16th: Philadelphia Fed Manufacturing Index

16 November, 2017 - 07:30AM

United Kingdom GBP, 09:30 a.m. GMT, Retail Sales (MoM) (Oct) – a leading indicator of consumer spending at the retail level. The indicator measures change in the value of inflation-adjusted sales. For the month of October, market analysts expect an increase at 0.1% compared to – 0.8%. If the actual

Market Brief November 15th: Markets await consumer data from the US

15 November, 2017 - 07:54AM

United Kingdom GBP, 09:30 a.m. GMT, Average Earnings Index – a leading indicator of consumer inflation it shows the change in the price businesses and the government pay for labor, including bonuses. Data represents the 3-month moving average compared to the same period a year earlier.  GBP, 09:30 a

Market Brief November 14th: Plenty of events on the Calendar

14 November, 2017 - 07:44AM

China CNY & AUD,02:00 a.m. GMT, Industrial Production (YoY) (Oct) –a major indicator for both the Chinese and Australian economies. Expectations for the change in total inflation-adjusted output produced by manufacturers, mines and utilities point to a decrease at 6.3% for October, this year co

Market Brief November 13th: Federal Budget Balance from the U.S.

13 November, 2017 - 07:18AM

United States USD Tentative, OPEC Monthly s – the report is crucial when it comes to developments in the market for the upcoming year. Issues that impact the commodity are discussed and we get a perspective on what could be expected in terms of global supply and demand of oil for the year ahead. The

Market Brief November 10th: U.K. Manufacturing Production

10 November, 2017 - 08:04AM

United Kingdom GBP 09:30 a.m. GMT, Industrial Production (MoM) (Sep) – expectations are for an increased activity at 0.3% for September versus 0.2% for the previous period. If production output has increased, this should be read as a bullish sign for the currency. on the other hand, if the level of

Market Brief November 9th: Initial Jobless Claims from the U.S.

09 November, 2017 - 07:43AM

Germany EUR, 07:00 a.m. GMT, German Trade Balance (Sep) –Trade Balance gives us a good idea about the difference between exported and imported goods for the month of September. If the reading is positive, this means that more goods were exported than imported. Projections for this month are for trad

Market Brief November 8th: Interest rate decision from New Zealand

08 November, 2017 - 07:48AM

United States USD, 15: 30 p.m. GMT, Crude Oil Inventories – if we see that inventories have increased, this means levels of supply would be higher, and price of the commodity could drop. On the other hand, if output has been cut, this could boost the price of the commodity. Expectations are for -2.8

Market Brief November 7th: Interest Rate Decision from Australia

07 November, 2017 - 07:48AM

Australia AUD, 03:30 a.m. GMT, RBA Interest Rate Decision– a major catalyst for action for the Australian dollar will be the interest rate decision in the early hours of the day. Analysts project no change and for the rate to remain at 1.50% for the month of November, same as for the previous period

Market Brief November 6th: Ivey PMI from Canada

06 November, 2017 - 07:27AM

Germany EUR 07:00 a.m. GMT, German Factory Orders (MoM) (Sep) – this leading indicator of production measures the change in the value of total orders placed by manufacturers for durable and non-durable goods. Expectations for the month of September point to a significant decrease in orders at -1.5%

Market Brief November 3rd: Focus of the day on Nonfarm Payrolls

03 November, 2017 - 07:36AM

Japan is off for the day celebrating a Culture Day and will join the rest of the exchanges on Monday. United Kingdom GBP 09:30 a.m. GMT, Services PMI (Oct) – a leading indicator of the overall economy, the Purchasing Managers’ Index measures activity level of managers in the Service Sector. A level

Market Brief November 2nd: Interest Rate Decision from Bank of England

02 November, 2017 - 07:34AM

Germany EUR 08:55 a.m. GMT, German Manufacturing PMI (Oct)- a leading indicator of overall economic performance, the index measures the level of activity of purchasing managers exclusively in the manufacturing sector. Projections for November show no change at 60.5, same as in October. If the news c

Market Brief November 1st: Markets focus on Interest rate decision from the U.S.

01 November, 2017 - 07:46AM

United Kingdom GBP 09:30 a.m. GMT, Manufacturing PMI (Oct) – the index measures the activity level of purchasing managers in the manufacturing sector. If the level is above 50, this signifies expansion, while a reading below 50 could signal contraction of the sector. Projections for October point to

Market Brief October 31st: Consumer Confidence from the U.S. to stir the dollar

31 October, 2017 - 07:34AM

Germany is off for the today due to Reformation Day and will join the markets on Wednesday. China CNY & AUD 01:00 p.m. GMT + 1 Manufacturing PMI (Oct) – manufacturing performance is expected to have decreased in October at 52.0 compared to 52.4 for the month of September. If the actual result is

Market Brief October 30th: German Retail Sales due

30 October, 2017 - 05:48AM

Japan JPY, 00:50 GMT + 1, Retail Sales (YoY) (Sep)- a curicial indicator of consumer spending measuring the change in the inflation-adjusted total value of sales at the retail level. Expectations on a year over year basis point to an increase at 2.5% for September compared to 1.7% the same time last

Market Brief October 27th: U.S. GDP for the third quarter

27 October, 2017 - 06:22AM

Australia 01:30 a.m. GMT +1, PPI (QoQ) (Q3) – a leading indicator of inflation from the perspective of the consumer. The Producer Price Index measures the change in the price of goods sold by manufacturers. Expectations for the third quarter show a decrease at 0.4% versus 0.5% from the previous quar

Market Brief October 26th: Interest Rate Decision from the EU

26 October, 2017 - 06:35AM

European Union EUR 12:45 p.m. GMT + 1, ECB Interest Rate Decision (Oct) – the highly expected number will cause a wild reaction for the euro against the dollar and cross pairs involving the currency. The event will be widely traded. A smart approach would be to position oneself after the noise and e

Market Brief October 25th: Action – packed day ahead

25 October, 2017 - 06:16AM

Germany EUR 09:00 a.m. GMT + 1, German Ifo Business Climate Index (Oct) –the index rates the current business conditions in Germany. This is a leading indicator looking 6 months ahead in time. Expectations are for performance to remain the same at 115.2, same as the reading that came out in Septembe

Market Brief October 11th: Monetary Policy Meeting

11 October, 2017 - 05:35AM

Today we have important news coming from the U.S. and both news events are worth the attention of traders. United States USD 15: 00 p.m. GMT +1, JOLTs Jobs Openings (Aug)- these positions are in the business sector and are open but not filled on the last business day of the month. The number is for

Market Brief October 12th: ECB Mario Draghi Speaks

12 October, 2017 - 06:33AM

On Thursday, we have three market movers that can boost price action movement across the board. Let’s check them out. United States USD 13:30 p.m. GMT + 1, PPI (MoM) (Sep) – the Producing Price Index is a leading indicator of consumer price inflation and has a significant impact on the valuation of

Market Brief October 13th: Retail Sales from the U.S.

13 October, 2017 - 06:44AM

United States USD, 13:30 p.m. GMT + 1, Core CPI (MoM) (Sep) –CPI stands for Consumer Price Index and measures the changes in the price of goods and services with the exception of food and energy. This is inflation measured from the perspective of the consumer. Expectations are for same performance d

Market Brief October 16th: CPI from New Zealand to impact the currency

16 October, 2017 - 06:09AM

Good morning Traders and happy Monday! This week starts with news from China, the second largest economy in the world after the U.S. Let’s go ahead and see what events are to move the markets today. China CNY, AUD 02:30 a.m. GMT + 1, CPI (MoM) (Sep)- the Consumer Price Index provides a measurement t

Market Brief October 17th: German ZEW Economic Sentiment to stir the euro

17 October, 2017 - 05:54AM

Today, the calendar is filled with high-impact news events. Four major economies will move the markets. Those are Australia, the United Kingdom, Germany and the United Kingdom. Australia AUD, 01:30 a.m. GMT + 1, RBA Meeting Minutes – the minutes contain detailed insights in relation to economic cond

Market Brief October 18th: Building Permits from the U.S.

18 October, 2017 - 06:32AM

The day starts with a speech from the president of the European Central Bank, Mario Draghi and then we have news coming in from the United Kingdom and the U.S. European Union EUR 09:10 a.m. GMT + 1, ECB President Draghi Speaks- speeches from the head of the Central Bank have a direct impact on the e

Market Brief October 19th: Retail Sales from the UK

19 October, 2017 - 06:50AM

Australia AUD 01:30 a.m. GMT + 1, Employment Change –an accurate measurement of the change in the number of people employed during the month of September. Also an important indicator of consumer spending. Projections are at 15.0K for September. If the actual reading is higher, this should be seen as

Market Brief October 20th: Consumer data from Canada

20 October, 2017 - 06:43AM

United Kingdom GBP 8:30 a.m. GMT, Public Sector Net Borrowing – Difference in value between spending and income for public corporations, the central government, and local governments during the previous month. A positive number indicates a budget deficit, a negative number indicates a surplus.   Can

Market Brief October 23th: Industrial Trends Orders from the U.K.

23 October, 2017 - 06:28AM

Good morning, Traders! It’s the first business day of the week. Let’s check the market catalysts on Monday. New Zealand – the entire day is a Holiday for the country, so New Zealand will be back on the markets on Tuesday. United Kingdom GBP 11:00 a.m. GMT + 1, CBI Industrial Trends Orders (Oct) – t

Market Brief October 24th: German Manufacturing PMI to move the euro

24 October, 2017 - 06:36AM

We have an important market catalyst today coming up from Germany- the most stable economy in the European Union and main driver of market volatility for the common Euro Zone currency. Germany EUR 08:30 a.m. GMT +1, German Manufacturing PMI (Oct) P- Manufacturing constitutes a large chunk of GDP for

Cryptocurrencies and Forex Analysis May 31st: Euro reacts from pivotal support 1.1500

31 May, 2018 - 07:44AM

EURUSD, Daily timeframe Bias: Bearish Yesterday, the euro advanced more than 130 pips. The more important point is that the bullish engulfment formation took place as a rejection from the pivotal support level at 1.1500 that we’ve been discussing as a key level. There are three scenarios on our wat

Cryptocurrencies and Forex Analysis May 30th: Gold tests resistance at 1300.00

30 May, 2018 - 08:32AM

EURUSD, Daily timeframe Bias: Bearish The euro dollar has now reached the pivotal support level at 1.1500. This is the area which separates the bull trend from the bear one. Currently, we have focused on three different scenarios that could play out from that point on: Scenario 1: Price may tank be

Cryptocurrencies and Forex Analysis May 29th: Ether declines 14%

29 May, 2018 - 07:36AM

EURUSD, Daily timeframe Bias: Bearish On Friday, the euro dollar pair broke though the support at 1.1700 and continued to depreciate to close the week around 1.1650s area. This is how the week closed. Six weeks of bearish price action straight. On Monday the pair continued to drop steadily another

Cryptocurrencies and Forex Analysis May 25th: Gold probes 1300.00 level

25 May, 2018 - 08:34AM

EURUSD, Daily timeframe Bias: Bearish On Thursday, the major pair formed an inside bar on the daily timeframe. This candle takes place in the context of a previous day of a 90-pip bearish daily candle. The scenario and alternatives for price action we’re monitoring are the following: Scenario 1: Ge

Cryptocurrencies and Forex Analysis May 24th: Ether reached discussed target at $600

24 May, 2018 - 06:55AM

EURUSD, Daily timeframe Bias: Bearish The most traded pair sank another 80 pips on Tuesday and reached the immediate support level at 1.1700. The picture becomes more interesting with every day. Not only is market flow pointing against the euro but very soon, this might officially turn into a downt

Cryptocurrencies and Forex Analysis May 23rd: More bearish moves from Bitcoin and Ether

23 May, 2018 - 05:59AM

EURUSD, Daily timeframe Bias: Bearish On Tuesday, the major pair did not change from its starting point of the day. Today, we have Manufacturing PMI which is a high-impact catalyst. The different price developments that we’re monitoring are: Scenario 1: The current market mood is bearish. We saw fi

Cryptocurrencies and Forex Analysis May 22nd: Euro pushes away from 1.1700 support

22 May, 2018 - 06:02AM

EURUSD, Daily timeframe Bias: Bearish The major pair slightly pulled back from the support at 1.1700. This, however, is still not a bullish rejection formation so it might be better to await a more solid movement. The trend is being questioned and unless some seriously positive data comes into the

Cryptocurrencies and Forex Analysis May 21st: Volatility in Gold creates opportunities

21 May, 2018 - 06:49AM

EURUSD, Daily timeframe Bias: Bearish Last week, the euro dropped about 180 pips. The market is now more and more attracted to the pivotal levels. With price action from the last couple of weeks, it is clear that the uptrend is being challenged. As traders we have to be flexible and adapt to the ma

Cryptocurrencies and Forex Analysis May 18th: Cryptos continue to depreciate

18 May, 2018 - 06:26AM

EURUSD, Daily timeframe Bias: Bearish The euro price dropped about 30 pips on Thursday. Even though the movement was not substantial, traders would have to be patient. Today is the last business day of the week and it is possible that we see movements related to the closing of positions ahead of th

Cryptocurrencies and Forex Analysis May 17th: Cryptos might retest immediate levels

17 May, 2018 - 09:25AM

EURUSD, Daily timeframe Bias: Uptrend challenged The euro fell another 60 pips on Tuesday and in the late afternoon traded around the 1.1800s. As traders, our job is to ask ourselves where the market is going but also where it has come from. Currently, the sentiment is negative. We would better pos

Cryptocurrencies and Forex Analysis May 16th: Cryptos resume bearishness

16 May, 2018 - 06:00AM

EURUSD, Daily timeframe Bias: Uptrend challenged The European Union was hit by bad news on Tuesday. First, GDP came out lower at 0.3% versus the 0.4 expected and then German ZEW Economic Sentiment brought in lower than projected news as well. To be specific, the actual result was at -8.2 compared t

Cryptocurrencies and Forex Analysis May 15th: Euro and Gold anticipating news

15 May, 2018 - 06:53AM

EURUSD, Daily timeframe Bias: Uptrend We saw a third consecutive day of positive price action on Monday. The increase was of about 40 pips. Today, there are major catalysts for action that will have an impact on the euro- German GDP for the first quarter and ZEW economic sentiment. The scenarios we

Cryptocurrencies and Forex Analysis May 14th: Cryptos react from Resistance levels

14 May, 2018 - 07:06AM

EURUSD, Daily timeframe Bias: Uptrend The euro gained no more than 45 pips on Friday. The major pair is, however, above the 1.1900 level. There are a couple of things we should take into consideration. One, is that there is news events on Tuesday, Gross Domestic Product for Germany (first quarter o

Cryptocurrencies and Forex Analysis May 11th: Bitcoin and Ether actively moving!

11 May, 2018 - 09:57AM

EURUSD, Daily timeframe Bias: Uptrend Yesterday, the euro appreciated about 80 pips. Currently, price is trying to overcome the area at 1.1900. The trend is still bullish so depending on Friday’s price action we may actually have a signal. The scenarios on our watch list are: Scenario 1: The euro c

Cryptocurrencies and Forex Analysis May 10th: Gold prepped for action

10 May, 2018 - 07:38AM

EURUSD, Daily timeframe Bias: Uptrend The pair remained stable on Wednesday with little change to its price. The euro continued to trade below the support at 1.1900 but it moved toward opening price for the day around 1.1816. Traders are going to have to wait for more price action from the pair bef

Cryptocurrencies and Forex Analysis May 9th:

09 May, 2018 - 09:22AM

EURUSD, Daily timeframe Bias: Uptrend The euro traded below 1.1900 on Tuesday evening. Price tried to recover in the late afternoon hours. This movement is not reliable due to the bullish one-hour candles formed. Patience is required and a more definitive price action. The scenarios that we’re inte

Cryptocurrencies and Forex Analysis May 8th: Euro down for a potential retest

08 May, 2018 - 07:27AM

EURUSD, Daily timeframe Bias: Uptrend The euro fell yesterday toward the support at 1.1900. We will see if this is yet another retest or the currency will continue to depreciate in value. The trend is still bullish which means we’d be oriented toward levels and spots to go long from. The mandatory

Cryptocurrencies and Forex Analysis May 7th: Gold pushing up after bad NFP results

07 May, 2018 - 08:29AM

EURUSD, Daily timeframe Bias: Uptrend The major pair has reached a support level at 1.1900. We could see strength coming in escpecially with the news from the Nonfarm payrolls we saw on Friday. The news was a huge miss from expectations with 25,000 individuals less employed for the month of April.

Cryptocurrencies and Forex Analysis May 4th: Is GOLD going to revert?

04 May, 2018 - 05:37AM

EURUSD, Daily timeframe Bias: Retracing Yesterday, we saw a slightly bullish day with the pair advancing about 45 pips. The pullback happens from the resistance level around the 1.1900 area. What scenarios are we monitoring? Scenario 1: If the euro closes above 1.2200 resistance level, this could s

Cryptocurrencies and Forex Analysis May 3rd: Gold reaches support area at 1300.00

03 May, 2018 - 07:25AM

EURUSD, Daily timeframe Bias: Retracing The Fed came out with no change to the rate yesterday. The euro continued to fall yesterday and it reached the support area at 1.1900. What could happen from this point on? The developments we have outlined are the following: Scenario 1: The euro could do a r

Cryptocurrencies and Forex Analysis May 2nd: Big day for FX pairs and Gold

02 May, 2018 - 07:07AM

EURUSD, Daily timeframe Bias: Retracing On Tuesday, the most traded pair lost another 70 pips of its value and is currently approaching the 1.2000 area. Traders have to remember that today is an important day- we’re expecting the Fed to come out with a rate decision. This could be the catalyst need

Cryptocurrencies and Forex Analysis May 1st: Euro breaks another support

01 May, 2018 - 07:15AM

EURUSD, Daily timeframe Bias: Uptrend Last week, the euro fell about 200 pips. The candle on Friday, made an attempt at rejecting the support level located at 1.2090. On Monday, the euro fell below the support at 1.2200. The established trend is still a bull trend and we’d be looking for suitable p

Cryptocurrencies and Forex Analysis April 27th: Euro and Gold continue to fall

27 April, 2018 - 05:21AM

EURUSD, Daily timeframe Bias: Uptrend On Thursday, we saw weakness persist with the euro dropping another 65 pips. The second support level is now reached. We’re talking about the 1.2090 support. Where to is the market going now? Let’s see, the scenarios and alternatives we’ve outlined: Scenario 1:

Cryptocurrencies and Forex Analysis April 26th: Euro breaks support level

26 April, 2018 - 05:58AM

EURUSD, Daily timeframe Bias: Uptrend On Wednesday, the euro broke and closed below the 1.2200 level. Now, we can treat the area as a short-term resistance. The pair dropped about 70 pips. The price market developments that we have mapped out are: Scenario 1: The euro could test the 1.2200 level, t

Cryptocurrencies and Forex Analysis April 25th: Cryptos see more bullishness

25 April, 2018 - 07:30AM

EURUSD, Daily timeframe Bias: Uptrend On Tuesday, at the very support level at 1.2200, there was a bullish price reaction. The euro gained 28 pips against the dollar. Would this be enough to be considered a rejection? The scenarios we’re monitoring are: Scenario 1: In order to have a valid rejectio

Cryptocurrencies and Forex Analysis April 24th: Euro reaches support at 1.2200

24 April, 2018 - 07:02AM

EURUSD, Daily timeframe Bias: Uptrend The pair finally managed to reach the support we’ve been discussing recently. In the late afternoon hours the euro dropped at 1.2200. Now would be the time to see whether there will be a response from that level. The alternatives that we’re monitoring are: Scen

Cryptocurrencies and Forex Analysis April 23rd: Bullish consistency in cryptos

23 April, 2018 - 06:53AM

EURUSD, Daily timeframe Bias: Uptrend Friday was bearish for the euro. It dropped more than 70 pips against its U.S. counterpart and got a little closer to the support around 1.2200. On Friday, the market traded around 1.2270. What are the scenarios we’ve outlined and respective movements in store

Cryptocurrencies and Forex Analysis April 20th: Ether reaches first retracement level

20 April, 2018 - 07:11AM

EURUSD, Daily timeframe Bias: Uptrend Movement in the major pair remains slow. Yesterday, price dropped about 30 pips. Strategy remains to await specific levels getting broken and price reacting off of them. The scenarios on our watch list are: Scenario 1: The euro continues to drop until it reache

Cryptocurrencies and Forex Analysis April 19th: Ether advances

19 April, 2018 - 07:13AM

EURUSD, Daily timeframe Bias: Uptrend The euro consolidates and on Wednesday continued to move sideways. As traders we have to be aware that these motions often signify that the market is mustering strength before making an implosive move. We have to be patient for that to take place. The scenarios

Cryptocurrencies and Forex Analysis April 18th: Are we to see more bullishness in Bitcoin?

18 April, 2018 - 06:44AM

EURUSD, Daily timeframe Bias: Uptrend Consolidation persists. The euro moves within the boundaries of the range. The predominant trend is Up. We do need, however, see price action break out. If the breakout is in direction of the trend, this will open up opportunities for trading where chances of s

Cryptocurrencies and Forex Analysis April 16th: First bullish week for Cryptos in a long time

16 April, 2018 - 06:36AM

EURUSD, Daily timeframe Bias: Uptrend The most traded pair in the world seems to be solidly moving within the limits of the range located between 1.2530 and the support at 1.2200. Traders have to be aware that either a fundamental catalyst will cause a breakout or a movement initiated by a big play

Cryptocurrencies and Forex Analysis April 13th: Gold rejects 1350.00

13 April, 2018 - 05:05AM

EURUSD, Daily timeframe Bias: Uptrend Yesterday, the euro fell about 70 pips along with gold where the drop was significantly larger. This movement is in –between the ranging movement with a support level at 1300.00 and 1350.00. The scenarios that we’re monitoring are: Scenario 1: First, it’s bette

Cryptocurrencies and Forex Analysis April 12th: Massive 200-pip move in Gold

12 April, 2018 - 05:00AM

EURUSD, Daily timeframe Bias: Uptrend On Wednesday, the euro gained about 40 pips. This is the 4th consecutive day of bullish price action. Price is reaching out towards an immediate resistance level and movement is currently in agreement with the established bull trend. The developments on our wat

Cryptocurrencies and Forex Analysis April 11th: Cryptos linger above crucial supports

11 April, 2018 - 07:05AM

EURUSD, Daily timeframe Bias: Uptrend The pair rose another 50 pips and thus moved closer to the upper band of the range. The range has its upper boundary at 1.2530 and the lower one at 1.2200. The established trend is an Uptrend. The developments we have on our watch list are: Scenario 1: Price co

Cryptocurrencies and Forex Analysis April 10th: Gold and Euro continue to rise

10 April, 2018 - 07:08AM

EURUSD, Daily timeframe Bias: Uptrend The major pair continued to rise and gained about 50 pips. This is the second day of bullishness away from the support at 1.2200. The price movement is trapped between a ranging pattern. The price developments we’ve outlined are: Scenario 1: We are looking forw

Cryptocurrencies and Forex Analysis April 9th: Cryptos open higher

09 April, 2018 - 07:16AM

EURUSD, Daily timeframe Bias: Uptrend On Friday the major pair respected the support at 1.2200 that we’ve been repeatedly discussing. Price bounced from it and gained 62 pips to trade around 1.2270 in the late afternoon hours. This movement in the same direction as the established Uptrend (within a

Cryptocurrencies and Forex Analysis April 6th: Euro reaches pivotal support

06 April, 2018 - 07:11AM

EURUSD, Daily timeframe Bias: Uptrend The major pair has finally reached the major support level at 1.2200. Since today we have a number of market catalysts, one of the most important ones being the Non-farm payrolls, it is very likely that this support will be probed to the downside. Scenario 1:

Cryptocurrencies and Forex Analysis April 5th: Cryptos coninue to go south

05 April, 2018 - 06:29AM

EURUSD, Daily timeframe Bias: Uptrend The euro is consolidating, thus not much has happened. What can traders do? We’d have to wait for an impulsive price action and market catalyst to push that market to action. Once this happens, one of the following scenarios is likely to play out: Scenario 1: P

Cryptocurrencies and Forex Analysis April 4th: Euro still ranging

04 April, 2018 - 06:50AM

EURUSD, Daily timeframe Bias: Uptrend Yesterday, we saw a small drop of about 35 pips. The euro dollar traded around 1.2250 in the late afternoon hours. Price action is still moving in a range as part of a bull trend. Price developments that we’ve outlined are: Scenario 1: The euro could continue t

Cryptocurrencies and Forex Analysis April 3rd: Gold is bullish again

03 April, 2018 - 07:46AM

EURUSD, Daily timeframe Bias: Uptrend We saw a quiet Monday yesterday. The major and most traded pair dropped about 30 pips and traded around the 1.2300 level. Today there is a market catalyst that could shake up the euro- this is the German Manufacturing PMI – the event historically has has a high

Cryptocurrencies and Forex Analysis April 2nd: Cryptos actively bearish

02 April, 2018 - 07:14AM

EURUSD, Daily timeframe Bias: Uptrend On Friday, the most traded pair in the world gained about 20 pips and traded around 1.2310 level. Currently, the pair is moving sideways between two specific areas which is typical of a ranging pattern. The range may not be tight but it is still a range. The sc

Cryptocurrencies and Forex Analysis March 29th: Euro continues to retrace

29 March, 2018 - 07:23AM

EURUSD, Daily timeframe Bias: Uptrend We saw a second day of weakness with the major pair dropping about 60 pips. It is also worth mentioning that the USD index is also up at 89.61. This means that the dollar has strengthen on average against the basket of major currencies. And the euro as the larg

Cryptocurrencies and Forex Analysis March 28th: Gold pulls back from resistance at 1356.00

28 March, 2018 - 06:26AM

EURUSD, Daily timeframe Bias: Uptrend The euro fell about 70 pips on Tuesday and tried to recover in the late afternoon hours of the day by moving up about 30 points. The pair traded slightly above 1.2400. Does this movement change anything? Traders have to remember that the established movement is

Cryptocurrencies and Forex Analysis March 27th: Cryptos continue to fall

27 March, 2018 - 05:54AM

EURUSD, Daily timeframe Bias: Uptrend On Monday, the euro was actively bullish. The pair gained about 100 pips and traded around 1.2440 in the late afternoon hours of the day. Price active is in agreement with the Uptrend. What developments are we monitoring? Scenario 1: The bulls continue to prop

Cryptocurrencies and Forex Analysis March 26th: Potential in safe haven markets

26 March, 2018 - 07:39AM

EURUSD, Daily timeframe Bias: Uptrend The week was bullish for the most traded pair in the world. Price action picked up about 60 pips for the week which might not seem significant but could be a precursor for future bullishness. The trend is bullish and so, we’d be looking for specific levels of c

Cryptocurrencies and Forex Analysis March 23rd: Impulsive bullishness in Gold

23 March, 2018 - 07:42AM

EURUSD, Daily timeframe Bias: Uptrend Yesterday, the euro fell about 32 pips and traded around 1.2300. Price action is clearly moving within the ranges of 1.2530 and 1.2200. The established trend is a bull trend so we’d be looking for longs from specific levels. Scenario 1: Price action could contin

Cryptocurrencies and Forex Analysis March 22nd: Gold rallies

22 March, 2018 - 08:10AM

EURUSD, Daily timeframe Bias: Uptrend Yesterday, after the interest rate came out prices started to react instantly. The Fed increased the interest rate by 0.25% to1.17%. This caused a rally both in the euro and Gold. As traders we have to view those events as catalysts that take place within the c

Cryptocurrencies and Forex Analysis March 21st: Euro and Gold pull back

21 March, 2018 - 08:19AM

EURUSD, Daily timeframe Bias: Uptrend Upon weaker ZEW results, the euro dropped about 90 pips this Tuesday and traded close to the immediate support at 1.2200. What are traders to look out for? Scenario 1: Price pushes significantly below 1.2200 (especially with the volatility that is to increase d

Cryptocurrencies and Forex Analysis March 20th: Markets to be driven by news this week

20 March, 2018 - 10:38AM

EURUSD, Daily timeframe Bias: Uptrend Yesterday, the euro gained about 50 pips and traded around 1.2340. Today, traders should keep an eye on the German ZEW Economic Sentiment which is at 10:00 a.m. GMT. The catalyst is strong enough that if the actual reading shows a significant mismatch between e

Cryptocurrencies and Forex Analysis March 19th: Opportunities ahead

19 March, 2018 - 08:02AM

EURUSD, Daily timeframe Bias: Uptrend We saw two bearish weeks in the euro. And, it seems like price will reach out for the immediate support level. This week has a couple of market catalysts that could be a potential driver of significant directional moves. We’re talking about the Fed interest rat

Cryptocurrencies and Forex Analysis March 16th: Euro and Gold are down

16 March, 2018 - 06:51AM

EURUSD, Daily timeframe Bias: Uptrend Yesterday, the euro dropped about 68 pips. Even though, we’re in the context of a bull trend, currently price action is trapped in a tight range between the resistance at 1.2530 and the support at 1.2200. So, what course of action should we take? Scenario 1: We

Cryptocurrencies and Forex Analysis March 15: Ether breaks pivotal support

15 March, 2018 - 08:03AM

EURUSD, Daily timeframe Bias: Uptrend Yesterday, price action was somewhat sluggish. We saw the most traded pair drop about 26 pips. The movement is not big enough to be considered a bearish engulfment so not much has changed to our plan of action. Scenario 1: We’re operating in the context of an u

Cryptocurrencies and Forex Analysis March 14th: Euro gains in price

14 March, 2018 - 07:53AM

EURUSD, Daily timeframe Bias: Uptrend The euro continued to gain ground for a second consecutive day. The pair rose 65 pips and traded above 1.2400 on Tuesday night. What are the options on our watchlist? Scenario 1: The pair continues to go up to test the immediate resistance level at 1.2530. Sinc

Cryptocurrencies and Forex Analysis March 13th: Cryptos are down

13 March, 2018 - 06:36AM

EURUSD, Daily timeframe Bias: Uptrend The change in price action on Monday was minimal. We could have a lot more potential for action today when the ZEW event hits the wires. What should we expect in terms of price action? Scenario 1: Price could drop and test the support at 1.2200. This should not

Cryptocurrencies and Forex Analysis March 12th: Cryptos actively moving

12 March, 2018 - 07:18AM

EURUSD, Daily timeframe Bias: Uptrend The euro dollar was moving in a range bound motion last week. The immediate levels are the support at 1.2200 and the resistance at 1.2530. The established trend is a bull one but in the current situation we need to see specific levels reached and reacted to bef

Cryptocurrencies and Forex Analysis March 8th: Cryptos are shaken with weakness

08 March, 2018 - 07:24AM

EURUSD, Daily timeframe Bias: Uptrend The euro closed just a few pips above opening price yesterday. This pretty much left the pair where it was the day before. The trend is bullish but we need certain criteria met before initiating new trades. Scenario 1: The pair could be signaling a temporary we

Cryptocurrencies and Forex Analysis March 7th: Delayed bullish confirmation in Gold

07 March, 2018 - 07:08AM

EURUSD, Daily timeframe Bias: Uptrend Yesterday, the euro gained more than 80 pips in positive direction and traded above 1.2400. This was the 4th consecutive day in a row of bullishness for the major pair. The developments we’ve placed on our watchlist are: Scenario 1: Price continues to push up t

Cryptocurrencies and Forex Analysis March 6th: Markets await catalysts

06 March, 2018 - 08:24AM

EURUSD, Daily timeframe Bias: Uptrend There was little change for the euro against the US dollar on Monday. The pair is still above 1.2200. The price actions developments we have on our Watchlist are: Scenario 1: Price could continue to move up. It is also likely that volatility will pick up as the

Cryptocurrencies and Forex Analysis March 5th: Gold continues to move up!

05 March, 2018 - 07:16AM

EURUSD, Daily timeframe Bias: Uptrend On Friday, the euro advanced 45 more pips and traded above 1.2300. Today, we’re expecting a major high-impact catalyst from the U.S., the ISM Non-manufacturing PMI at 15:00 p.m. GMT, which will likely create opportunities for trading in the pair. The scenarios

Cryptocurrencies and Forex Analysis March 2nd: Euro responds to immediate support

02 March, 2018 - 07:26AM

EURUSD, Daily timeframe Bias: Uptrend On Thursday, price pushed back from the immediate support at 1.2200 and closed above it. The daily rejection candle was about 64 pips. Will the pair recover to continue uptrending or not depends on the price activity and levels reached. Scenario 1: There could

Cryptocurrencies and Forex Analysis March 1st: Euro dollar slides further

01 March, 2018 - 07:03AM

EURUSD, Daily timeframe Bias: Uptrend Yesterday, the major pair closed below the 1.2200 support level. Thus, the level ha snot turned into a short-term resistance. We’re witnessing a retracement within the context of a bull trend. So, where to now? Scenario 1: The immediate levels of support that c

Cryptocurrencies and Forex Analysis February 28th: Gold reverts

28 February, 2018 - 07:45AM

EURUSD, Daily timeframe Bias: Uptrend The major pair is currently testing the support at 1.2200. We had a bearish Tuesday with the euro dropping more than 80 pips. The developments we’re watching out for are the following: Scenario 1: If today the market forms a rejection bullish candle that reject

Cryptocurrencies and Forex Analysis February 27th: Dollar softens, counterparts benefit

27 February, 2018 - 07:55AM

EURUSD, Daily timeframe Bias: Uptrend There wasn’t much change scored by the pair on Monday. Price action seems to be consolidating around the 1.2200 support level. A meager 30 pips up was the movement made. We’re monitoring the following scenarios: Scenario 1: Traders have to be aware that price m

Cryptocurrencies and Forex Analysis February 26th: Bullish Monday for Gold

26 February, 2018 - 07:00AM

EURUSD, Daily timeframe Bias: Uptrend Last week, the euro dollar traded between two levels that are quite close in distance- the support at 1.2200 and the resistance level at 1.2530. The pair is in an Uptrend, it simply needs an event catalyst to trigger the needed volatility so that price can shoo

Cryptocurrencies and Forex Analysis February 23rd: Gold and the euro testing support levels

23 February, 2018 - 06:56AM

EURUSD, Daily timeframe Bias: Uptrend There was a minor bullish action from the euro against the dollar yesterday. However, we should notice that the immediate support level still hasn’t been tested. That’s a word of caution as it might be probed even as soon as today. Scenario 1: The immediate sup

Cryptocurrencies and Forex Analysis February 22nd: Cryptos drop

22 February, 2018 - 07:17AM

EURUSD, Daily timeframe Bias: Uptrend Yesterday, volatility increased during FOMC significantly. The euro dropped about 60 pips for the day and traded around 1.2070 level. The scenarios we’re monitoring are: Scenario 1: Price continues to fall to test the immediate support level at 1.2200. Off of t

Cryptocurrencies and Forex Analysis February 21st: Temporary bullishness in the U.S. dollar

21 February, 2018 - 07:14AM

EURUSD, Daily timeframe Bias: Uptrend On Tuesday, the euro dollar continued to retrace. The pair fell another 72 pips and traded around 1.2330. Since this movement is against the established trend, we’d have to wait for specific levels to be reached. The scenarios we’re monitoring are: Scenario 1:

Cryptocurrencies and Forex Analysis February 20th: News to provide catalyst for the euro and Gold

19 February, 2018 - 06:53PM

EURUSD, Daily timeframe Bias: Uptrend There wasn’t much change in the price of euro dollar on Monday. The most liquid and traded pair had a difference of no more than 10 pips for the day. We’re expecting much more active markets as the week progresses. The following scenarios are on our watchlist:

Cryptocurrencies and Forex Analysis February 19th: Markets reach crucial levels

18 February, 2018 - 07:48PM

EURUSD, Daily timeframe Bias: Uptrend On Friday, the pair fell about 100 pips and traded at 1.2400 in the late closing hours. The week was strong for the most traded pair in the world. More than 300 pips gained and then we saw the pullback. Where to you might ask? Let’s see: Scenario 1: We are trad

Cryptocurrencies and Forex Analysis February 16th: New opportunities ahead

16 February, 2018 - 07:57AM

EURUSD, Daily timeframe Bias: Uptrend The most traded pair is currently testing the immediate resistance at 1.2530 that we discussed yesterday. As you can see on the chart price was bullish 4 days in a row. The euro is again trending so we’d be looking for suitable spots to go long with the trend.

Cryptocurrencies and Forex Analysis February 15th: Strong push of 200 pips in Gold

15 February, 2018 - 07:27AM

EURUSD, Daily timeframe Bias: Uptrend Yesterday, we saw price test the 1.2300 support level and then it pushed aggressively up. A stellar 140 pips movement up marked the day. So what are the developments we’re interested in now? Scenario 1: Currently, price is recovering from the retracement we saw

Cryptocurrencies and Forex Analysis February 13th: Appreciation in Gold

13 February, 2018 - 07:49AM

EURUSD, Daily timeframe Bias: Currently retracing (within a Bull trend) The euro is trading around the immediate 1.2300 resistance area. This level could be broken. Question is whether we could do business from that level? Remember that any positions undertaken should be in direction of the establi

Cryptocurrencies and Forex Analysis February 12th: Markets retracing

12 February, 2018 - 07:29AM

EURUSD, Daily timeframe Bias: Currently retracing (within a Bull trend) We had a strongly bearish weak that shook the markets, the euro/dollar included. Price dropped by a whopping 200 pips. Traders are currently seeing a retracement from the euro within the context of a bull trend. Scenario 1: Pri

Cryptocurrencies and Forex Analysis February 9th: More gold and euro weakness

09 February, 2018 - 07:51AM

EURUSD, Daily timeframe Bias: Currently retracing (within a Bull trend) Yesterday, price continued to drop. It managed to close the day with a little change, only 17 pips down and trading below 1.2300. Traders have to be aware that due to the increased levels of volatility, the market could be movi

Cryptocurrencies and Forex Analysis February 8th: Gold is falling fast

08 February, 2018 - 07:33AM

EURUSD, Daily timeframe Bias: Currently retracing (within a Bull trend) The most traded pair in the markets dropped more than 90 pips on Wednesday and traded around 1.2250 below the support area we’ve discussed at 1.2300. This is a corrective move and this is not a time for long entries. The develo

Cryptocurrencies and Forex Analysis February 7th: Volatility is Up

07 February, 2018 - 07:47AM

EURUSD, Daily timeframe Bias: Pair in Uptrend There hasn’t been much change in the euro from yesterday’s fall. The pair is trading around the immediate support level at 1.2300 and is giving it a minor try to push back from it. We would need more substantial price action before initiating a trade. T

Cryptocurrencies and Forex Analysis February 6th: Strong weakness in cryptos

06 February, 2018 - 07:51AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The most traded pair continues to retrace a second day. On Monday, we say a drop of about 68 pips and currently price is around 1.2370. What happens from now on? We have three scenarios on our watchlist, and those are: Scenario 1: Price continues to fal

Cryptocurrencies and Forex Analysis February 5th: Bitcoin trading under $8,000

05 February, 2018 - 08:43AM

EURUSD, Daily timeframe Bias: Pair in Uptrend We’ve had 7 weeks straight of bullish price action in the euro against the U.S. dollar. Last week closed in positive territory as well. Currently, price is testing the immediate resistance at 1.2530. We’re in an Uptrend, so we’d be looking to place trad

Cryptocurrencies and Forex Analysis February 2nd: Bitcoin and Ether in synchrony

02 February, 2018 - 09:41AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Yesterday, the euro appreciated 112 pips against the U.S. dollar. The major pair is now very close to the recent high it made on the 25th of January. Price is moving in agreement with the uptrend and we’re interested in trading in line with the trend in

Cryptocurrencies and Forex Analysis February 1st: Volatility expected to increase and more opportunities with it

01 February, 2018 - 08:47AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Currently, the most traded pair is moving within a tight range that could be broken very very soon. The lower band of the range is located at 1.3000 and the upper band is the recent high made at 1.2530. So what are our options. As you know the pair is i

Cryptocurrencies and Forex Analysis January 31st: Ether filled 100% of the discussed gap

31 January, 2018 - 08:25AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The major pair is slowly moving in continuation with the Uptrend. We’re in the second day of positive price action after the retracement took place. Price is moving away from the support at 1.2300. The developments we’re observing are: Scenario 1: The e

Cryptocurrencies and Forex Analysis January 30th: Gold reaches immediate support

30 January, 2018 - 07:34AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro dollar continues to pull back from the 1.2500 level. We always have to consider answering three questions before drawing up a trading plan for ourselves: Where has the market come from, where is it now and 3) Where is it going? Currently, the p

Cryptocurrencies and Forex Analysis January 29th: Ether goes higher up

29 January, 2018 - 06:34AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro dollar continued to creep up on Friday. The pair gained about 40 pips up. The scenarios that we’re monitoring are: Scenario 1: Price continues to push up in agreement with the uptrend. Immediate targets are: 1.2500, 1.2550 and 1.2600. Scenario

Cryptocurrencies and Forex Analysis January 26th: Gold reaches target, what’s next?

26 January, 2018 - 07:56AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Yesterday, the major pair formed a pin bar with a tail of 130 pips. In the early hours of Friday morning, 03: 17 a.m. GMT, price is trying to recover. The scenarios we’re monitoring are: Scenario 1: If we see price today closing above 1.2550, then the w

Cryptocurrencies and Forex Analysis January 25th: Euro dollar hits all three targets

25 January, 2018 - 08:18AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The most traded pair in the world is having a strong bullish run. Yesterday, we saw the euro gain more than 90 pips. The discussed targets at 1.2300 t, 1.2350 and 1.2400 have now been hit. This is in the vein of the uptrend and represents a continuation

Cryptocurrencies and Forex Analysis January 24th: More interest toward currencies

24 January, 2018 - 08:11AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro is trying to edge up. On Tuesday, we saw a price increase of 23 pips. The movement is in line with the uptrend. We just have to be patient and allow volatility to do its job on the way up. The three scenarios that we’re monitoring are: Scenario

Cryptocurrencies and Forex Technical Analysis January 22nd: Bitcoin and Ether Diverge

22 January, 2018 - 05:19AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro dollar is gently retracing toward the immediate support at 1.2065. This is the time to wait before price reaches a certain level. Big and important part of being a good trader with professional approach to trading is waiting for the right time.

Cryptocurrencies and Forex Analysis January 19th: Euro continues to push up

19 January, 2018 - 07:35AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The pair increased 64 pips on Thursday and we might see more bullish action coming into the market today. The market is uptrending and we are oriented toward long trades only as those are in line with the established trend. We’re monitoring the followin

Cryptocurrencies and Forex Analysis January 18th: Bitcoin trading below $ 11,000

18 January, 2018 - 08:01AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Yesterday, the major pair dropped about 70 pips. The candle could be an initial signal of a retracement. Remember, the Euro/dollar is in an Uptrend, so that is the direction we’d be looking to capitalize on. The developments we’re observing for potentia

Cryptocurrencies and Forex Analysis January 17th: Bitcoin and Ether drop in tandem

17 January, 2018 - 07:19AM

EURUSD, Daily timeframe Bias: Pair in Uptrend There was little change on Tuesday with the euro falling by a small amount- the pair was down about 60 pips and in the late afternoon hours started slowly to recover. This could be just a pause within the context of the predominant uptrend. The scenario

Cryptocurrencies and Forex Analysis January 16th: Euro continues to advance

16 January, 2018 - 07:31AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Monday was bullish for the euro which gained more than 80 pips. This is a bullish continuation move in agreement with the established Uptrend. We’ll be looking to capture moves which are only in line with the predominant trend. Scenario 1: Price could c

Cryptocurrencies and Forex Analysis January 15th: Gold sees increasing demand

15 January, 2018 - 04:50AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro had a massive bullish day on Friday. The major pair gained more than 140 pips up, broke the resistance at 1.2065 and hit all three bullish targets discussed in one day, namely 1.2100, 1.2150 and 1.2200. Now, that there is a breakout to the upsi

Cryptocurrencies and Forex Analysis January 12th: More Euro strength

12 January, 2018 - 07:23AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro dollar respected the support at 1.1900 and pushed back from it by gaining about 98 pips. We’re yet to see if the immediate target and resistance level at 1.2065 will be soon breached. Scenario 1: If price action breaks above 1.2065 and closes t

Technical Analysis January 11th, Forex and Cryptocurrencies: Ether tests immediate support

11 January, 2018 - 07:48AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro dollar has reached a near-term support at 1.1900. Yesterday, the pair hesitated around that level and closed the day only 14 pips up from opening price. We’re in a place where the pair is in an Uptrend but currently retracing. The scenarios obs

Technical Analysis January 9th: Euro is Retracing

09 January, 2018 - 08:03AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Monday, the euro continued to drop another 58 pips against its dollar counterpart. Clearly the most traded pair in the world respected the immediate resistance at 1.2065. As you know, the pair is in an Uptrend so our strategy is to look for levels of

Technical Analysis January 8th: Ether reaches fresh heights

08 January, 2018 - 08:23AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The pair has found a short-term resistance at 1.2065 and currently continues to pull back from it. We’re in an established uptrend so the direction we’d be looking to capitalize on is North. This is to take place only from suitable places once price rea

Technical Analysis January 5th: Gold trending up

05 January, 2018 - 07:10AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Thursday, we saw price advance more than 50 pips toward the immediate resistance level at 1.2065. It could be very soon that price overpowers this level. The predominant trend is bullish, so we’d be looking for potential longs. These are the scenario

Technical Analysis 4th: Ether hits discussed target

04 January, 2018 - 08:49AM

EURUSD, Daily timeframe Bias: Pair in Uptrend As you can see the pair respected the resistance level at 1.2065 that we’ve been discussing. Yesterday, the euro weakened against the dollar by 50 pips. The reason for the drop came from the U.S. and the ISM Manufacturing index coming out better than ex

Technical Analysis January 3rd: Ethereum tests previous highs

03 January, 2018 - 07:22AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Yesterday, we had a bullish Tuesday in the euro with the pair advancing over 50 pips. Interestingly, the target level at 1.2065 was reached but price also pulled back from the level. We’re yet to see if this is a resistance level. Scenario 1: In the pro

Technical Analysis January 2nd: Major pairs accelerate along with Ether

02 January, 2018 - 09:00AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The most traded and most liquid pair continues to rise and on Tuesday morning is reaching out toward the immediate target and resistance level at 1.2065. Importantly, we had a massively bullish week with the pair gaining over 130 pips. The strategy is t

Technical Analysis December 29th: Majors gain against the Dollar

29 December, 2017 - 08:40AM

EURUSD, Daily timeframe Bias: Pair in Uptrend We’re in the second consecutive week of bullish price action. The most traded pair is pushing its way up and is now beyond the 1.1900 level. As traders, it’s always useful to switch to larger timeframes in order to have a view of the big picture. This i

Technical Analysis December 28th: Euro Bulls step up

28 December, 2017 - 08:15AM

EURUSD, Daily timeframe Bias: Pair in Uptrend As of Dec 28th, 06:47 a.m. GMT, the euro is aggressively pushing up and trading around 1.1932. The target and resistance level at 1.1900 is now breached. Upon seeing today’s daily candle closing above it we could position ourselves for more longs. Scen

Technical Analysis December 27th: Bullish consistency in Gold

27 December, 2017 - 10:51AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The pair is slowly but surely increasing in price. Since the established trend is a bull trend, we’d be looking to take positions towards higher prices only. Last week was clearly a bullish engulfment. The scenarios instrumental in positioning are: Scen

Technical Analysis December 26th: Gold is appreciating in price

26 December, 2017 - 08:18AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Last week, we saw bullish price action pushing the value of the euro currency up. The magnitude of the action (over 118 pips) was instrumental in forming a bullish engulfment pattern. We’re interested in riding the established trend long-term and will b

Technical Analysis December 22nd: Cryptocurrencies bear market is now official

22 December, 2017 - 07:40AM

EURUSD Bias: Pair in Uptrend On Thursday, the pair was slow and moved a couple of pips down from opening price to trade at around 1.1860 in the late afternoon. Fridays could be volatile, especially with the upcoming news. We’re on the watch for the following developments: Scenario 1: Price could te

Technical Analysis December 21st: Bitcoin tests immediate support levels

21 December, 2017 - 08:24AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Yesterday, the euro dollar price touched the immediate Resistance at 1.1900 and then made a slow pullback from it. Whether this level is observed or about to be broken, only further price action will tell. The developments we’re monitoring are: Scenario

Technical Analysis December 20th: Are the euro bulls back?!

20 December, 2017 - 08:56AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro gained more than 60 pips on Tuesday and traded around 1.1850 in the late afternoon. So, what scenarios should we look out for? Scenario 1: The pair could test the immediate resistance at 1.1900. If the level is respected as such, price could pu

Technical Analysis December 19th: Gold advancing

19 December, 2017 - 07:00AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Monday, the pair rose 45 pips. We’re yet to see if the euro price will continue to gain against its U.S. counterpart. Major catalyst of the day will be first the news from Germany in the morning and then we’ll be expecting Building Permits in the U.S

Technical Analysis December 18th: The euro retraces

18 December, 2017 - 06:35AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Friday, the pair dropped 26 pips. This was the second day of negative price action. Clearly, the pair is pulling back from the resistance level at 1.1900. The developments we’re closely monitoring are: Scenario 1: The pair could bounce from the suppo

Technical Analysis December 15th: The Aussie is confidently going up

15 December, 2017 - 08:21AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Thursday, the pair dropped about 52 pips. This price action movement shows that for the time being we’re in choppy waters. The scenarios on our Watch list are: Scenario 1: Price pushes up again and overcomes the resistance at 1.1900. From there, the

Technical Analysis December 14th: Majors are smashing the dollar

14 December, 2017 - 08:25AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Yesterday, we saw a strong push up from the pair. The euro formed an impulsive bullish candle to the amount of 92 pips. Importantly, this action took place as a rejection of the support at 1.1700 support area. Thus, we now have a confluence of elements

Technical Analysis December 13th: The pound tests pivotal level

13 December, 2017 - 07:58AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Price is testing the support at 1.1700 level. On Tuesday, the price dropped another 33 pips. Due to the fact that today the FED interest rate is expected to increase, there will be a lot more clarity of direction after the news is out. Traders will like

Technical Analysis December 12th:

12 December, 2017 - 07:01AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The pair formed a slightly bullish candle on Monday. We would need a lot more bullishness from the euro in order to see the pair move in line with the uptrend. A couple of daily candles could provide the necessary bullishness. Scenario 1: Price could te

Technical Analysis December 11th: Gold prices are dropping hard

11 December, 2017 - 06:33AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Friday, we saw a rejection of the 1.1700 support area. We’re yet to see if bulls will regain control over price action. With the beginning of the week we could see a retest of immediate levels. We’re monitoring the following scenarios: Scenario 1: Pr

Technical Analysis December 8th: Is Nonfarm payrolls going to provide a game changer?

08 December, 2017 - 08:04AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Little change was scored on Thursday. We saw price move toward opening price in the late afternoon. We’re yet to see the market react upon the Nonfarm payrolls coming out. Scenario 1: So far, the week has decreased by 97 pips. It will be interesting to

Technical Analysis December 7th: Markets are prepping for action

07 December, 2017 - 07:44AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro continued to fall on Wednesday with about 40 pips. The current situation shows a pullback from the resistance at 1.1900. We’ll have to await more price action until Friday when the Nonfarm payrolls is due. We’re monitoring the following scenari

Technical Analysis December 6th: Gold drops

06 December, 2017 - 07:45AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro has been falling the past few days. Yesterday, the pair dropped another 54 pips. We have to be aware, however, that this Friday we have the Nonfarm payrolls from the U.S. with a projected drop in the number of people employed in the private sec

Technical Analysis December 5th: Will the euro close above 1.1900 level?

05 December, 2017 - 07:37AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Price is back below the Resistance level at 1.1900 with price dropping more than 20 pips for the day. We’re yet to witness if this is going to be a double top formation (check the daily timeframe) or a temporary consolidation. Scenario 1: Traders have t

Technical Analysis December 4th: Awaiting more action in the pound

04 December, 2017 - 06:43AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Friday, price closed below the resistance located at 1.1900. This is important but for us to get a full picture of price action, we’d better turn to the weekly timeframe. The weekly candle closed about 26 pips below opening price (which is quite insi

Technical Analysis December 1st: Bulls are stepping up in the cable

01 December, 2017 - 07:56AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Yesterday, the pair gained about 68 pips and traded above the pivotal 1.1900 level. This level could now provide a short-term support for price to test. We’re in the context of an uptrend, so we’ll be looking for spots to go long from. Scenario 1: If th

Technical Analysis November 30th: Volatility brings more opportunities in the pound

30 November, 2017 - 07:36AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The price of the euro is attempting to recover. Even though we had two days of negative price action where the pair dropped below 1.1900, yesterday we saw a pin bar forming. This could be suggestive of a further bullish price movement. Scenario 1: If we

Technical Analysis November 29th: The pound reacts to news

29 November, 2017 - 06:55AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Tuesday, price dropped below 1.1900. This movement is against the uptrend so this could be a good time to simply observe until more opportunities arise to join the uptrend. Scenario 1: It is only if price closes below 1.1700 (the low of the previous

Technical Analysis November 28th: Gold price is up

28 November, 2017 - 06:47AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Monday, we observed a brief pause made by the pair. The euro dropped about 14 pips which is really showing that price is taking a breath. We’re yet to see how activity will develop during the week. We’re in an uptrend so the direction to look for pot

Technical Analysis November 27th: Majors gain against the dollar

27 November, 2017 - 06:50AM

EURUSD, Daily timeframe Bias: Pair in Uptrend What a strong week for the euro. The common Euro Zone currency gained more than 140 pips for the week and price action is going strong. The pair is boosted by volatility and the pair is currently moving in line with the established uptrend. So, what dev

Technical Analysis November 24th: The euro is up

24 November, 2017 - 07:53AM

EURUSD, Daily timeframe Bias: Pair in Uptrend We had a bullish day with the pair advancing about 30 pips up. The resistance at 1.1900 is near and it will be interesting to see how price reacts. Scenario 1: Price could respect the resistance level at 1.1900 and pull back. This would be a reason to t

Technical Analysis November 23rd: Euro is gaining against the dollar

23 November, 2017 - 07:59AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Yesterday, we saw a strong bullish candle pushing up into positive territory. The pair advanced about 85 pips. Price is now getting closer to the resistance level at 1.1900 which could be a make or break point for the movement during the next couple of

Technical Analysis November 22nd: News ahead to shake the markets

22 November, 2017 - 07:50AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Not much change for the day. The pair gained about 21 pips but then started to retrieve and close up toward opening price. The context, i.e. the big picture is that euro dollar is moving within an uptrend and we’re looking for suitable places to go long

Technical Analysis November 21st: The week starts with weakness

21 November, 2017 - 07:36AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Monday was a bearish day for the euro and we saw the pair drop about 60 pips. With today’s Fed speech from Janet Yellen, we should be careful and aware that there could be spikes in the market. It could be a good idea to wait after and then decide if de

Technical Analysis: Gold is aggressively moving up

20 November, 2017 - 07:51AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Friday, the major pair gained about 40 pips and then slightly gave back some of the pips during the second part of the day. If we turn to the weekly timeframe, we can see that the week was good for the euro and it is no longer ranging. Bulls moved pr

Technical Analysis November 17th: Aussie dollar downtrend resuming?

17 November, 2017 - 07:51AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Thursday, price dropped slightly (only about 30 pips). In the second part of the day, price started to slowly but steadily recover. We had a very strong bullish price action on Tuesday with an impulsive candle of about 140 pips. The current price act

Technical Analysis November 16th: Euro Bulls are in charge

16 November, 2017 - 07:30AM

EURUSD, Daily timeframe Bias: Pair in Uptrend This week, the major pair gained nearly 200 pips up. This movement is in line with the established uptrend. Our strategy is to only initiate long trades from specific levels and only if specific conditions are met. The scenarios we’re monitoring are: Sc

Technical Analysis November 14th: Gold is clawing its way up

14 November, 2017 - 07:44AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Monday, we saw a slightly bullish day with about 20 pips up from the major pair. It will be interesting to see what price does when it reaches the immediate resistance at 1.1700. There are plenty of events today (ZEW economic sentiment) to provide ca

Technical Analysis November 13th: Bullish week for the euro

13 November, 2017 - 07:15AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Friday, we saw a second day of positive price action with the pair advancing about 30 pips. Traders will have a better idea if there is a stable price recovery to come by the levels in near sight and the way price reacts from them. Scenario 1: The pa

Technical Analysis November 10th: Euro advances along with Gold

10 November, 2017 - 08:03AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Thursday, the pair made a significant move up by advancing about 52 pips. We’re yet to see if the euro will break out the immediate resistance level at 1.1700. Scenario 1: The pair could respect the area at 1.1700 and pull back. We’ll know if this is

Technical Analysis November 9th: Gold prices increase

09 November, 2017 - 07:43AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Yesterday, we say a meager advancement of 20 pips. The market continues to be choppy. Price would react to a strong market catalyst. For those, we always keep an eye on the Economic Calendar before the European Session has started. The scenarios on our

Technical Analysis November 8th: Euro slides down

08 November, 2017 - 07:48AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The pair slid below 1.1600. Currently, the pair is in retracement mode and we should be looking for levels that could offer spots to do business at. We’re monitoring the following scenarios: Scenario 1: Price could continue to drop toward the immediate

Technical Analysis November 7th: Impulsive bullish action for Gold and the pound

07 November, 2017 - 07:48AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Monday, there wasn’t much activity from the major pair. However, there is something important happening. Price seems to be testing the 1.1600 but I pushes up from the area refusing to drop further. In the following scenarios, we’re looking at potenti

Technical Analysis November 6th: Breenback still holding gains

06 November, 2017 - 07:26AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Friday, the pair halted at the 1.1600 area. This is an interesting place to be at. We would have to await price action and see whether the area will be respected. A respected area would be one where price moves away from in positive direction, in our

Technical Analysis November 3rd: Markets ready for NFP

03 November, 2017 - 07:35AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The pair is consolidating between the 1.1600 area and the resistance at 1.1700. Yesterday, there wasn’t much change price action with only 31 pips up. We’d be looking for levels to potentially go long from. Keep in mind that today we have the Nonfarm pa

Technical Analysis November 2nd: Opportunities increase with major catalysts due

02 November, 2017 - 07:34AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro continued to move in sideways manner on Tuesday, dropping a meager 21 pips. We need a strong price action candle to show if the temporary support at 1.1600 is to be respected or breached to the downside. We’re monitoring the following scenarios

Technical Analysis November 1st: Fed rate decision to shake the markets

01 November, 2017 - 07:46AM

EURUSD, Daily timeframe    Bias: Pair in Uptrend For the past couple of days the pair has been hesitant in its price action and direction. This is quite normal as the market is awaiting the news of significant events this week to create meaningful opportunities for trading. Investors and professiona

Technical Analysis October 31st: Markets await macro news

31 October, 2017 - 07:34AM

EURUSD, Daily timeframe Bias: Pair in Uptrend /retracing The euro gained about 25 pips on Monday. The movement is small and cannot be viewed as a rejection (considering the major weakness we saw last week). We have no technical reason to go long for the time being. We’re monitoring the following sc

Technical Analysis October 30th: Is dollar strength temporary?

30 October, 2017 - 05:38AM

EURUSD, Daily timeframe Bias: Pair in Uptrend /retracing The pair dropped a solid 160 pips for the week. Price is below the support at 1.1700. For the time being bias is short and shouldn’t argue with the market. The time hasn’t come for a long position. We need a signal from a concrete level in or

Technical Analysis October 27th: US Dollar advances ahead of GDP

27 October, 2017 - 06:22AM

EURUSD, Daily timeframe Bias: Pair in Uptrend /retracing After ECB’s decision for a major change in monetary policy, the euro dropped more than 120 pips. Effective since January, the ECB will start reducing quantitative easing in half, from €60bn-a-month to €30bn-a-month. The support at 1.1700 is n

Technical Analysis October 26th: The British Pound on recovery path

26 October, 2017 - 06:35AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Wednesday, was bullish for the euro with about 50 pips up. Today’s ECB decision on the interest rate will have a major impact in the long term. Reaction will likely be wild with potential moves to both sides. However, we’d be interested in specific leve

Technical Analysis October 25th: Markets ready to absorb today’s events

25 October, 2017 - 06:16AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Tuesday, we saw the pair advance 16 pips up. Today, there will be plenty of catalysts to generate price action across the board. There are specific levels to look out for. The direction of the trend could be captured if those levels are reached and p

Technical Analysis October 10th: Initial signs of recovery for some markets

10 October, 2017 - 05:40AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro is slowly trying to recover. Action seems hesitant so we’ll need a strong catalyst to break out the pair of this slumber mode that the pair is currently in. The three scenarios that we’re monitoring are: Scenario 1: A convincing recovery away f

Technical Analysis October 11th: More strength from majors and Gold

11 October, 2017 - 05:35AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The pair gained about 59 pips on Tuesday. Currently we’re witnessing a recovery from a short retracement. As you know retracements (aka corrections) are typical of trending markets. Those are also opportunities to enter from better prices (in this case

Technical Analysis October 12th: Markets are actively moving!

12 October, 2017 - 06:33AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro restores its strength against the dollar with a clear rejection of the 1.1700 area. Yesterday, we saw another bullish day with 52 pips up. The bull trend is intact and now price action confirms it. The scenarios we’re monitoring are: Scenario 1

Technical Analysis October 13th: Price of Gold appreciates

13 October, 2017 - 06:43AM

EURUSD, Daily timeframe Bias: Pair in Uptrend We saw the pair drop mildly on Thursday but mind you, this is not a bearish engulfment candle (i.e. the day doesn’t cover the bullish price action from Wednesday’s candle. We’re in an uptrend and looking to take trades in that direction. The following s

Technical Analysis October 16th: Stellar performance from Gold

16 October, 2017 - 06:08AM

EURUSD, Daily timeframe Bias: Pair in Uptrend The euro respected the short-term resistance level at 1.1900 and pulled back from it on Friday. We’re yet to see if this is only a temporary weakness. We also have to be aware that at the end of the business week, price action reacts to traders closing

Technical Analysis October 17th: News coming up to boost volatility

17 October, 2017 - 05:54AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Monday, the pair showed little change in price by attempting to close where the day opened. We’re pretty much awaiting a market catalyst for a fresh influx of volatility. We’re monitoring three scenarios: Scenario 1: If we see price breaking out from

Technical Analysis October 18th: Markets await news

18 October, 2017 - 06:32AM

EURUSD, Daily timeframe Bias: Pair in Uptrend Yesterday, the pair dropped about 40 pips and we’re currently in a retracing mode. Price is constricted between 1.1900 and 1.1700/1.1600 support area. So, what follows from now on? Scenario 1: In line with the uptrend, price could make a recovery from t

Technical Analysis October 19th: Gold about to erase previous week’s movement

19 October, 2017 - 06:50AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Thursday, we had a mildly bullish day with about 30 pips up. On the whole, price action in the euro dollar pair is chopped up. In order to have a valid setup to go with the trend, we need a directional move showing strength. Currently, we’re on stand

Technical Analysis October 23th: Where is the price of Gold headed?

23 October, 2017 - 06:28AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Friday, the pair made yet another retest of the immediate resistance at 1.1900. Clearly, the euro is temporarily moving in a range between the support at 1.1700 and the above mentioned level. The uptrend is still in place but we have to be patient an

Technical Analysis October 24th: The pound is going up

24 October, 2017 - 06:36AM

EURUSD, Daily timeframe Bias: Pair in Uptrend On Monday, the pair dropped about 30 pips and tried to test the immediate support at 1.1700. It is possible that price moves further down to breach the support area. Currently, price has formed a right shoulder and moving within a consolidating area. Th