US News

The EUR/JPY dived by over 180 pips last week, closing below the supply zone at 118.50 on Friday. There is a clean Bullish Confirmation Pattern in the 4-hour chart, and further dive is possible this week, which may take price towards the demand zones at 118.00, 117.50 and 116.50. EUR/USD: The EUR/USD is in a […]

Here’s the market ouatlook for the week: EURUSD Dominant bias: Bearish This pair went south last week, testing the support line at 1.0500, and then bouncing upwards on Thursday and Friday. The upwards bounce would turn out to be a good selling opportunity because price is expected to trend further downwards this week, reaching the […]

The FED officials have announced that they might need to increase the interest rates ‘’fairly soon’’ if the US economy stays strong. USD and EUR:  Yesterday, the US dollar was seen at its lowest level in seven weeks; with the prices accelerating the downward trend with the FED’s announcement and minutes after, the dollar saw […]

Twitter shares (NYSE:TWTR) are far from being an attractive market right now. Price has been quite choppy in the last several months, and this kind of situation may continue. The ADX period 14 is below the level 20, indicating trendlessness in the market. The DM- is above the DM+, showing that bears seem to have […]

The US dollar has started this week by losing its ground and has created a different interaction on global markets. The dollar index was 0.05% down at 100.84 at 02:45 ET. The EU political risk depreciated the dollar against the Yen by pushing down Treasury yields to one-week lows of 2.4%. Furthermore, GBP was flat […]

It’s been a busy week yet again with big moves on many of the major markets, and yet again a lot of these moves have been generated by the uncertainty created by President Trump and the latest news out of his administration. With the resignation of Michael Flynn to his scathing media attack yesterday it […]

The EUR/JPY consolidated from Monday to Thursday and then broke out to the downside on Friday. Price closed below the supply zone at 120.00 on Friday, after generating a bearish signal, which may continue to hold out this week. EUR/USD: The EUR/USD went downwards from Monday till Wednesday and later bounced upwards. The upwards bounce […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish From Monday to Wednesday, this pair went downwards, moving below briefly below the support line at 1.0550. Price then rallied above the resistance line at 1.0650, before getting corrected lower on Friday. The outlook on the market is bearish, and further bearish movement is […]

The labour market in the US remains hot and consumer spending is strong. It is vital for Yellen to decide when it is the right time to raise rates in order to cool down the US economy. As early as March or June? The interest rate decision is just a question of time, like she […]

The FX Reserves; which is the money or other assets held by a central bank or other monetary authorities has deteriorated to $117.3 Billion in December 2016 from $118.2 Billion in November 2016 in the United States. In other words, the FX Reserves in the US averaged $534.3 Billion from 1957 until 2016. The all-time […]