GBP/USD – Pivot Points
Day Week Month R3 1.5825 1.6183 1.6415 R2 1.5764 1.6022 1.6300 R1 1.5736 1.5944 1.6185 S1 1.5603 1.5583 1.5267 S2 1.5583 1.5430 1.4820 S3 1.5430 1.5275 1.4820 Pivot points in the charts above More...
Tuesday talks between Putin and Poroshenko awaited with meager expectations of progress
Talks being currently held between Putin and Poroshenko in the Belarusian capital Minsk are not expected to yield progress; Russia’s Foreign Minister Lavrov says Russia needs time to rethink. Talks are being More...
The S&P 500 briefly exceeded the milestone 2,000 level on Monday
Financial and biotechnology stocks pushed the S&P 500 to a record closing high on Monday; the 2,000 mark, however, could not be retained on a daily close basis. On Monday, it was the first time the S&P More...
The euro slumped to one-year low on ECB additional liquidity measures expectations
The euro slides further south on bets the European Central Bank is about to take further steps to support the euro zone economy. Last week the ECB Governor, Mario Draghi, stated the central bank was ready to take More...
Republicans call on Obama to adopt more aggressive policies against Islamic State
US Republicans urged President Obama to take immediate and more aggressive action to prevent the threat of Islamic State acting on US territory; Democrats responded the threat is not so imminent and insisted for More...
French Economy Minister calls for policies, alternative to German austerity, to support household consumption
France’s Economy Minister proposed a divergence from German austerity toward growth-oriented policy, in order for household consumption to revive. Arnaud Montebourg, France’s Economy Minister said France should More...
Dollar firmed further against the euro and the yen on Monday
The dollar index continued its steep ascent on diverging policy paths of the Fed, on one side, and the ECB and BOJ, on the other. The dollar soared against the euro and the yen on Monday, following investors’ More...
Fed Chair Yellen advises wariness on timing of interest rate hike, ECB Draghi expresses bank readiness to act
Janet Yellen said at the Jackson Hole gathering that the Fed should be careful with the timing of interest rate hikes, given the state of the US labor market; ECB Mario Draghi stated readiness to use all available More...
USD/JPY – Weekly Technical Analysis (25.08.2014-29.08.2014)
Last week the USD/JPY broke through the 103 resistance, thus bringing the prolonged range-bound trading between 100.80 and 103 to an end, at least for a while. The pair is now headed for a test of the major 105.40 More...
Gold – Weekly Technical Analysis (25.08.2014-29.08.2014)
Gold is currently testing the diagonal support at $1272, provided by the symmetric triangle it has been trading in for the last 5 months. The $1276-$1268 static support area also adds to the significance of the More...
