4 Main Risks Involved In Futures Trading

4 Main Risks Involved In Futures Trading There’s no doubt that futures trading is inherently a risky business. Anyone who tells you it is 100% risk free is either ignorant or trying to sell you something. The truth is futures trading is a gamble. There’s no telling when you are going to win or when […] Read more

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2173; (P) 1.2231 (R1) 1.2265; More…. Intraday bias in EUR/USD remains on the downside for 1.2154 support. Decisive break there should confirm the bearish case of medium term reversal. And EUR/USD should then target 161.8% projection of 1.2475 to 1.2214 from 1.2413 at 1.1991. On the upside, 1.2245 minor Read more

EURUSD – Extended Bears Pressure Daily Cloud Base

The Euro maintains negative tone on Monday, pressured by strong fall last Thu/Fri, which retraced over 76.4% of 1.2215/1.2413 upleg. Fall on Friday spiked to 1.2249, but failed to close below pivotal support at 1.2290 (Fibo 61.8% of 1.2215/1.2413). Fresh weakness today looks for attack at strong support at 1.2235 (base of thick Read more

Potentially Dovish ECB Could Accelerate EUR/USD’s Breakdown

This week was all about the pound; next week could be all about the euro. The pound’s rally came to an abrupt halt as economic data from the UK disappointed expectations and after the Bank of England Governor Mark Carney warned that a rate rise in May was not a forgone conclusion. The […] Read more

Retail Sales Plunge But Pound Unscathed

The British pound has steadied in the Thursday session, after considerable losses on Wednesday. In North American trade, GBP/USD is trading at 1.4205, down 0.01% on the day. On the release front, British Retail Sales plunged 1.2%, worse than the estimate of -0.5%. US unemployment claims ticked lower to 232 thousand, close to Read more

Pound Slips as Inflation Comes Up Short

The British pound has posted losses in the Wednesday session. In North American trade, GBP/USD is trading at 1.4220, down 0.48% on the day. On the release front, the UK released a host of inflation indicators, led by the consumer price index. CPI for March dipped to 2.5%, falling short of the estimate […] Read more

NZD/JPY 4H Chart: Breaking Of Junior Pattern

The New Zealand Dollar has broken the support of the previously drawn too narrow pattern against the Japanese Yen. However, the newly booked high level can be useful. Our analysts used is as a reference point of the upper trend line of a medium term channel up pattern. The new pattern reveals that […] Read more

Syrian Strikes Limited In Nature, Risk-On Markets Result

The US, UK and France took military action against Syrian Government forces over the weekend. Three targets were hit in combined missile and airstrikes, after the US had been in contact with Russia during the week, to give pre-warning and limit collateral damage. The strikes took place after market close on Friday night/Saturday Read more

St. Louis Fed Bullard downplays rise in core CPI

St. Louis Fed President James Bullard tried to down play recent rise in core inflation, where core CPI rose above 2% to 2.1% in March. Bullard said “year-over-year core CPI is now above 2 percent but it was also above 2 percent all during 2016, and so it’s really only come back to the […] Read more

GBP/USD rises towards major highs ahead of key events

Though the recently pressured US dollar was on the rebound on Thursday, British pound strength helped boost GBP/USD to extend its rise towards a retest of its late-March highs above 1.4240. The dollar’s rebound on Thursday was driven in part by Wednesday’s release of relatively hawkish minutes from the last FOMC meeting in Read more

Japanese Yen Gains Ground as US Consumer Inflation Contracts

USD/JPY has posted losses on Wednesday, erasing the gains seen which marked the Tuesday session. In the North American session, USD/JPY is trading at 106.72, down 0.45% on the day. On the release front, Japanese Core Machinery Orders gained 2.0%, crushing the estimate of -2.6%. Japanese PPI dropped for a fourth straight month, Read more

Pound Hits Two-Week Highs, European Stocks Gain As Risk-On Appetite Returns

Here are the latest developments in global markets: FOREX: Investors continued to digest encouraging comments by the Chinese President, Xi Jinping, during the early European afternoon, driving the Chinese-linked currencies the kiwi and the aussie even higher. The gains appeared after Jinping backed free trade and pledged to limit Read more

Will The Earning Season Steal The Spotlight From Trade?

Friday’s steep declines in Wall Street driven by weak employment report and a war of words between U.S. & China seem to have been shrugged off in Asia trade. President Trump’s tweets are becoming a little confusing to investors. After threatening to impose tariffs on additional $100 billion of Chinese exports, Trump tweeted Read more

Powered by Yahoo! Answers