Gold – Weekly Technical Analysis (01.09.2014-05.09.2014)
Gold’s range is becoming even tighter, squeezed by the diagonal support and resistance of the symmetrical triangle the yellow metal has been trading in for the last eight months. Last week XAUUSD bounced up from More...
USD/JPY – Weekly Technical Analysis (01.09.2014-05.09.2014)
Although the 104.10 resistance has not been breached by a daily close above it yet, we favor a bullish scenario for USD/JPY. This week we expect the pair to break through the aforementioned level and head toward More...
GBP/USD – Weekly Technical Analysis (01.09.2014-05.09.2014)
After the protracted selloff from 1.7190, the GBP/USD found support at 1.6535. The double bottom it made on that level (see chart) is a clear reversal signal, at least for the near term. We expect a break through More...
EUR/USD – Weekly Technical Analysis (01.09.2014-05.09.2014)
The EUR/USD slid to a one-year low last week, touching 1.3133 and then retreating just a few pips for a weekly close of 1.3138. The pair is trading below both its 50-day and 200-day Moving Average, which are currently More...
Risk aversion versus risk appetite
The fluctuation between risk appetite, also known as “risk on”, and risk aversion, dubbed “risk off”, is a daily changing sentiment on the market. Difficult as it may seem to get insight into risk sentiment, More...
Alibaba debut on NYSE expected the week starting September 8
E-commerce company Alibaba is expected to come on New York Stock Exchange with an IPO that can raise over $20 billion, which will make it the largest technology listing ever in the US. Alibaba Group Holding Ltd.,a More...
EUR/USD consolidated following euro zone CPI data but endured losses after the US data releases later on Friday
The EUR/USD consolidated above 1.3150 following a consumer price inflation report for the euro zone, which matched expectations; the following US PCE and Consumer Confidence data dealt a blow to the euro. The EUR/USD More...
Google developing aerial drones to make pilotless deliveries of goods
Google seems to be in the final stage of implementing its recently disclosed project of manufacturing aerial drones for delivery of goods. News were released that Google was in the development stage of aerial pilotless More...
Obama says no broad US strategy against Islamic State is developed yet
US President Obama stated at the White House news conference no US strategy on the ISIL threat was ready yet, and reassured he was not going to act without obtaining support from Congress. US President Obama spoke More...
Some forex basics
Spot Rate Spot rate denotes the market price of one currency with respect to another.All currencies’ spot rates against the US dollarare basic spot rates, and the remainder are cross rates. Major currencies include More...
