Bank of Japan’s stimulus expansion announcement caught markets by surprise
On Friday, the Bank of Japan shocked investors by announcing an increase in stimulus in response to meager economic and inflation growth. The Bank of Japan spurred a monetary surprise by disclosing a fresh expansion More...
USD/JPY – Technical Analysis (30.10.2014)
USD/JPY is continuing its strong bullish run and is now targeting the key 110.07 resistance. Immediate support is provided by 108.74, which is likely to halt any potential correction attempts. More...
GBP/USD – Technical Analysis (30.10.2014)
The 1.6182 resistance turned out to be a tough nut to crack for the GBP/USD. The pair’s fail to breach the level resulted in an impulsive slide south. Next target for the GBP/USD is the 1.5875 support. Immediate More...
EUR/USD – Technical Analysis (30.10.2014)
The EUR/USD selloff yesterday resulted in a breach of the diagonal support connecting the lows from 23 October, and the pair made its daily close at 1.2636. This marks the end of the protracted correction More...
Gold – Technical Analysis (30.10.2014)
The $1204.50 support will hardly serve as a cap to gold’s impulsive slide that took place yesterday. Next target for the precious metal is the key $1180 zone. Immediate resistance is $1222.25. More...
USD/JPY – Technical Analysis (29.10.2014)
The strong bounce from 105.20 is absolutely intact indicating that the USD/JPY rapid slide from 110.06 was a mere correction, rather than a game changer. Next target for the forex pair is 108.50, followed by the More...
GBP/USD – Technical Analysis (29.10.2014)
After GBP/USD’s failed attempt on the 1.6180 resistance yesterday, we expect one more try on the level. Success there will send the pair to 1.6225. Immediate support is offered by 1.6087. More...
EUR/USD – Technical Analysis (29.10.2014)
As forecasted yesterday, the EUR/USD tested the 1.2740 resistance and is currently consolidating around that level. Next target is 1.2840, followed by the key 1.2885. Crucial support for the continuation of the More...
Gold – Technical Analysis (29.10.2014)
The outlook for gold remains bearish for a slide towards the $1204.50 support. Any upside attempts at this stage should be capped by the $1240 resistance. More...
GBP/USD – Technical Analysis (28.10.2014)
The unsuccessful attempt on the 1.6000 support and the weekly close above 1.6060 signal that the GBP/USD correction phase has not finished yet. The pair is expected to make an upside move to the 1.6182 resistance, More...
