Foreign Exchange

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 […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The bias on this pair is currently bullish. Price managed to go upwards last week, reaching the resistance line at 1.0800, but not able to stay above it. Several failed attempts were made, to breach the resistance line to the upside, and the goal […]

When the FTSE 100 does not behave as you expect you need to find out why. Then you need to adapt your strategy. I see that many people find it difficult to adapt, for example in January they kept shorting the FTSE 100. According to IG, 80%-85% of traders were short during the massive January […]

Mark Carney has dramatically upgraded growth forecasts for the UK, this comes as the BoE revised growth forecasts significantly while keeping their inflation forecast unchanged. Fears of the bank leaving London post-Brexit have also now been dismissed. The Bank of England expects the UK economy to grow by 2% this year, up from its previous […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold rallied seriously at the beginning of this year, and in spite of the bearish retracement that was seen in the last several days of January. The month of February has also started on bullish note, leading to a bullish bias on the market. Price would target the supply levels […]

Royal Bank of Scotland stock (LSE:RBS) is a bull market, though quite volatile. In spite of the volatility, price is expected to go further upwards from here. 4 EMAs are used for the analysis and they are EMAs 10, 20, 50, and 200. The color that stands for each EMA is shown at the top […]

It was another strong day for the pound after a sluggish start saw it gain 1% on the euro and 0.5% on the dollar as many investors believe that the BOE may hint at raising interest rates soon when they meet at their quarterly inflation meeting today. With many suggesting Brexit-related caution, Mark Carney may […]

With a simple stroke of a pen, President Donald Trump’s executive order suspending the entry of all refugees for citizens of seven Muslim-majority countries into the United States for 120 has officially began on Friday afternoon. These countries listed are; Syria, Iraq, Iran, Libya, Somalia, Sudan and Yemen. The White House describes this rigorous decision […]

Today’s main focus will be on the US FOMC meeting which will occur in the evening. It is expected that the FOMC will not move interest rates but the market will be scrutinising the accompanying statement for clues on future moves. The FOMC will still be adjusting to incoming President Trump and will await clarification […]