Since January 2016, bullish persistence above 1.4500 was mandatory to maintain enough bullish strength in the market. However, the previous weekly candlesticks maintained their bearish persistence below the depicted weekly supply zone (below 1.4470), which allowed further bearish decline to occur. The prominent demand level located at 1.3845 (historical bottom that goes back to March […]
GBP/USD is expected to trade with bearish bias as the key resistance stands at 1.3525. The pair remains under pressure below its nearest horizontal resistance at 1.3525, which maintains the strong selling pressure. Besides, the relative strength index lacks upward momentum. To conclude, as long as 1.3525 holds on the upside, the intraday outlook remains […]
In this video, the Trader Guy looks at the currency pairs, EUR/USD and GBP/USD for the June 29th session. EUR/USD — It looks as if we did see quite a bit of buying pressure during the session on Tuesday. It makes sense that there was a bit of risk-on rally, kind of a relief rally during the day, but this trendline could be potential trouble. I think that there is simply more pain […]
In this video, the Trader Guy looks at the currency pairs, EUR/USD and GBP/USD for the June 28th session. EUR/USD — We have in fact gapped lower at the open on Monday session and then turned right back around to try to fill that gap as we continue to bang around the 1.10 level. This is an area that I think quite frankly is important, but given enough time we will probably break down […]
Since January 2016, bullish persistence above 1.4500 was mandatory to maintain enough bullish strength in the market. However, the previous weekly candlesticks maintained their bearish persistence below the depicted weekly supply zone (below 1.4470), which allowed further bearish decline to occur. The prominent demand level located at 1.3845 (historical bottom that goes back to March […]
In this video, the Trader Guy looks at the currency pairs, EUR/USD and GBP/USD for the June 27th session. EUR/USD — We fell pretty significantly during the course of the session on Friday in response to the UK leaving the EU, or voting to atleast. So, we sliced through the 1.10 level and as a result we have turned back around and bounced. Really at this point in time, I am looking for short-term rallies that show signs of exhaustion in order to be […]
Today’s historic and shocking decision for the UK to leave the EU is likely to have an intense impact on global markets for some time to come. We saw the sterling hit a 30-year low, stocks across the globe reacted negatively with the UK footsie losing 8.7% and predictably gold surged a massive $100. Volatility […]
UK Votes to Leave, Pound Hits 30 Year Low Ladies and gentlemen, the UK has left the building! 51.9% of UK voters have chosen the ‘leave’ vote over 48.1% to ‘remain’ in the European Union. The Brexit reality has rocked the markets and sent the Sterling tumbling. Here’s a quick look at some of the […]
Britain’s campaign to leave the European Union succeeded on Thursday, sending global markets into a panic as investors struggled to predict just what might happen next. The so-called Brexit raises a lot of questions about the UK’s economic, financial and political future. Below is a rundown of a few questions people are asking in the […]
GBP/USD has been moving into a very strong bullish bias during the Referendum’s day, and it’s expected to be still favored by the bulls, as the latest polls showed that the odds are favoring for a “Remain” option as the winner. The technical picture is showing an upside slope by the 200 SMA on the […]
A sense of unease gripped the global markets during trading this week as the mounting concerns over the impacts of a Brexit soured investor risk appetite. Although stocks staged a remarkable rebound on Monday following the narrow Bremain lead, prices could decline if risk aversion encourages sellers to attack. Mario Draghi and Yellen will be […]
Related Posts:Market continues to price in a plethora of rate cuts for… April 17, 2024 Market is still in monetary easing mode despite fewer rate…EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024 On Tuesday, the EUR/USD pair traded horizontally near the corrective…Overview for the GBP/USD pair on April 17th. British… April 17, […]
Global markets were unmoved during trading on Wednesday following the neutral FOMC statement which concluded without a US rate hike. This was expected after the dismal NFP report for May and ongoing global uncertainties left the central bank under pressure. Sterling bears have received encouragement from the Brexit anxieties with the pound poised to decline […]
Global markets commenced the trading week under immense pressure as the horrible combination of ongoing Brexit woes, falling oil prices and concerns over global growth weighed on sentiment. Volatility has intensified and the looming E.U referendum continues to leave investors on edge. There has been a boost in demand for safe-haven assets which can be […]
WTI Crude surged during trading on Wednesday with prices clipping fresh 2016 highs at $51.50 as expectations mounted over the possible drop in global supply. The World Banks gloomy global growth outlook for 2016 rekindled some jitters which have weighed heavily on sentiment. Brexit woes continue to persist while the fading hopes over another US […]
The global markets were rattled during trading last week following the dismal NFP report of 38k that rapidly discounted expectations over the Fed raising US rates in June or July. With optimism fading over the central bank taking action, the Dollar bears rampaged consequently sending the Dollar Index towards 94.00. Brexit woes continue to dominate […]
Sentiment towards the US economy received an uplift during trading this week following the impressive home sales report that not only alleviated concerns over slowing domestic growth but rekindled expectations that the Fed could raise US rates in Q2. This positivity dispersed across the global stock markets with the S&P 500 lurching to 2 month […]
Stock markets plummeted during trading on Tuesday as the mounting concerns over the state of global economy coupled with ongoing Brexit woes encouraged investors to scatter from riskier assets. Sentiment towards the global economy was already low, but the G7 disappointment over the weekend may have triggered a wave of jitters. In the commodities arena, […]
Global markets were shaken during trading on Wednesday following the unexpectedly hawkish FOMC minutes that renewed confidence over a US rate hike in Q2. Dollar bulls were offered inspiration and this punished commodities with Gold prices declining towards $1250. The Brexit debate continues to generate explosive levels of volatility and this could be displayed in […]
Global stocks stumbled during trading this week following a horrible mixture of weak China data and slash in Eurozone growth forecasts that renewed concerns over slowing global growth. The Dollar declined with the Dollar Index sinking to 9 months lows as expectations faded over US rates being increased. With concerns over slowing global growth heightening, […]
The fading expectations over the Federal Reserve raising US rates in Q2 has offered an opportunity for bearish investors to send the Dollar Index to fresh 9 month lows below 92.00. Yen bulls continue to dominate following the disappointment from the BoJ in implementing further monetary policy measures to stabilize its economy. As concerns elevate […]
The yen bears seized center stage during trading last week following speculations that the BoJ may implement negative rates on loans in a bid to boost borrowing. While the idea of being paid to borrow sounds pleasant, this signals desperation and the potential of the central bank running out of ammunition. The sterling surged after […]
Sentiment towards the global economy took a blow at the start of the week following the unsuccessful Doha meeting that sent crude oil tumbling 7%. Global sunk as a result but output cut in Kuwait offered a short term lifeline that kept stocks markets buoyed. The currency markets are quite volatile with the Sterling bulls […]
The sharp rise in oil prices offered global stocks a welcome boost with most major stocks bouncing from previous losses. Safe-haven assets such as Gold and the Yen slightly retreated as investors flocked to riskier assets. Volatility may be observed in the currency markets which have powered both the EURUSD and GBPUSD. Concerns remain elevated […]
A wave of jitters shrouded the markets during trading on Monday following the tepid China CPI release of 2.3% which rekindled concerns over the pace of growth of the world’s second largest economy. The wave of risk aversion boosted appetite for the safe-haven Yen and Gold as investors scattered away from riskier assets. A strengthening […]
A sense of caution envelops the financial markets ahead of the heavily anticipated speech this evening where Janet Yellen may provide clarity on when and how US rates may be raised again in 2016. The inflated expectations of a US rate rise have empowered the Dollar consequently punishing commodities. Gold remains fundamentally bullish while crude […]
The violent bursts of volatility which rattled the financial markets in the week may have worn off with stock markets displaying some exhaustion as risk aversion takes center stage. An appreciating Dollar has punished commodities with WTI and Gold sinking to daily lows. While we remain fundamentally bullish on Gold, WTI was set to decline […]
Sterling bears were installed with inspiration during trading on Monday following the political rifts which intensified the ongoing concerns over the impacts of a Brexit to the UK economy. In the commodities arena, WTI may have found resistance blow $41 as anxieties over the oversupply in the markets keep prices capped. Gold bulls continue to […]
Dollar bears were offered ample encouragement during trading on Wednesday with the Dollar plunging across the board following the dovish FOMC statement which eroded expectations over a recovery in the US. Dollar weakness has taken center stage with most commodities receiving a slight welcome boost. WTI Oil surged towards the $40 resistance level as speculations […]
The heightened expectations of further stimulus measures from central banks amid the ongoing global woes have offered a welcome boost to stock markets which ventured into gains during trading on Monday. A sense of unease still envelopes the financial markets and this has boosted appetite for safe haven instruments such as Gold. Crude oil looks […]
