Euro News

The EUR/JPY trended downwards from Monday till Wednesday, and started going upwards on Thursday, before it got corrected on Friday. The medium-term bias is bearish, and further bearish movement is possible, which may see the market testing the demand zones at 120.00 and 119.50. On the other hand, a strong rally may happen soon. EUR/USD: […]

FTSE 100 stock (FTSE:UKX) is currently in a correction, following the sharp upward movement that was witnessed in the months of December 2106, and early January 2017. Price is currently above the EMA 21, and the Williams’ % Range period 20 is in the overbought region. The recent pullback in the context of an uptrend […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards last week, going below the resistance line at 1.0650. The movement so far this month is essentially bearish and there is a possibility that further bearish movement would continue to hold out, as the support lines at 1.0600, 1.0550 and […]

AUS200 Dominant bias: Bearish The market was mostly bearish in January, and that was strong enough to bring about a bearish outlook on the market. Although volatile, price has not trended significantly in February, but it is more likely that further bearish movement would be witnessed. The current bearish outlook would remain valid until price […]

With no first tier economic data out of Europe and North America, EURUSD direction will be dictated by political developments in the continent especially in France where the conservative presidential candidate Francois Fillon was pressured to quit as well as Marine Le Pen now leading the pack which will come under close scrutiny from investors. […]

Early morning yesterday, Sterling slumped sharply before recovering in later trading. The volatility in the pound is not surprising as we move closer to the deadline set for triggering article 50. It seems the pound crashed through on sell orders on the downside especially versus the USD and JPY. The fight back came after key […]

Just in the first month of 2017, the demand for precious metals have elevated. Let’s look at some main factors: 1.    Major Inflows The Gold prices have increased 5.2% in January, $1,201.07 per ounce; after falling 13% over the previous three months. In addition, the 10 primary money-drawing EFT’s such as Vaneck Vectors Gold Miners […]

Yesterday, Retail sales figures showed a decrease, which hit the pound slightly. January spending from the British Retail Consortium (BRC) had crept up 0.1% year-on-year, representing a downturn from the 1.7% increase in December and also, the feeblest numbers since August 2016. It led the BRC to state that the New Year may bring more […]

Markets ended the week on a mixed note, following the release of US Jobs data on Friday. Non-Farm Payroll showed 227k growth in the job market in January, much stronger than the expectation of 175k and up from the previous month’s 157k, the headline unemployment rate also rose 0.1% to 4.8%, above expectation of remaining […]

The USD/CHF went downwards last week, but significantly. Price is below the resistance levels at 1.0000 and 0.9950, now moving towards the support level at 0.9900, which is one of the targets for this week. There is a Bearish Confirmation Pattern in the market, and further bearish movement is expected. EUR/USD: The EUR/USD went upwards […]