All Blog Posts (3,541)

EUR/USD: decline in USD might continue





Current trend



This week, the EUR/USD pair has reached its highest levels since October 2015. The pair grew amid negative data on Services PMI, released in the US. The indicator fell to 53.5 points, the lowest result since 2014. Moreover, the American currency was under pressure as New York Fed President William Dudley stated the global financial conditions deteriorated notably.



Today, the pair might continue its growth which has stopped at 1.1210. It… Continue

Added by AlexanderLF on February 5, 2016 at 4:49pm — No Comments

XAG/USD: growth continues



Current trend



On Thursday, the price of silver was growing actively and hit new local highs. The price is strengthening amid weakness in the US Dollar, which remains under pressure from data on PMI and concerns about chances of further increases in US interest rates.



Yesterday, data on Initial Jobless Claims was released in the US. The indicator grew to 285K from 277K against 280K forecast. This data is particularly important as market participants are waiting… Continue

Added by AlexanderLF on February 5, 2016 at 12:00pm — No Comments

USD/CAD: pair is falling





Current trend



Yesterday the pair significantly declined amid growing oil prices that were supported by strong data on the Caixin China Services PMI.



In addition, the pair was pressured by mixed data from the US. The ADP Employment Change for January came out at 205 thousands that was better than forecasts but substantially worse than the previous figure. The Markit Services PMI for January fell from 53.7 to 53.2 points, which did not match the… Continue

Added by AlexanderLF on February 4, 2016 at 12:12pm — No Comments

AUD/USD: pair resumed fall





Current trend



Yesterday the pair significantly fell after the RBA decision on interest rates. As was expected, the regulator left the rate unchanged at 2%.



At the same time, in its Rate Statement the regulator noted that it does not rule out further monetary policy easing this year if the economy continues slowing down due to the outside factors. It also noted that inflation is likely to remain very low in the medium-term.





Support and… Continue

Added by AlexanderLF on February 3, 2016 at 12:40pm — No Comments

EUR/USD: general review





Current trend



Today the pair continued growing despite the publication of mixed data in the eurozone. The Producer Price Index for December fell to -0.8% that was substantially worse than forecasts of economists. At the same time, the Unemployment Rate slightly fell as well, from 10.5% to 10.4%. Therefore, continuous decline in prices could force the ECB to expand its stimulation program or cut interest rates further, either of which would significantly pressure… Continue

Added by AlexanderLF on February 2, 2016 at 5:00pm — No Comments

6 Tips on How to be a successful Forex trader

Forex trading is more art than science, because of all its charts, numbers and ratios. The best traders are those who sharpen their skills through practice and discipline. Here are some tips that you may find helpful (shared by fibo group holdings ltd):

Define your goals

Before you start trading, it is important that you gather some idea about what you want to trade and how you plan to reach your goal. It is equally important that…

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Added by Adam Guptill on January 29, 2016 at 4:40pm — No Comments

USD/JPY: general review



 



Current trend



The pair continues growing even though the Fed at yesterday’s meeting left the interest rate unchanged.



At the same time, the Bank of Japan is expected to expand its stimulation program to reach the inflation target of 2% that would lead to further fall in the Yen. Furthermore, cheaper national currency would allow increasing Japanese exports and making them more competitive, that would have a positive effect on the… Continue

Added by AlexanderLF on January 28, 2016 at 4:30pm — No Comments

XAG/USD: technical analysis



 



XAG/USD, D1



On the daily chart, the pair is trading above the upper MA of Bollinger Bands. The price remains below the EMA100 and EMA144, both directed horizontally. MACD histogram is in the positive zone, its volumes are insignificant. The DI lines are directed down; ADX is growing.



 



XAG/USD, H4



On the 4-hour chart, the pair is trading in the area of the upper MA of Bollinger Bands. The price remains above the EMA50,… Continue

Added by AlexanderLF on January 28, 2016 at 12:48pm — No Comments

USD/CHF: waiting for the Fed decision



 



Current trend



Today the pair is falling amid some weakening in the US Dollar that remains under pressure prior to the Fed Interest Rate Decision. Experts do not expect the rate to be hiked. At the same time, investors will focus their attention on commentaries by the regulator, in which there could be announced that monetary policy tightening is going to be delayed that would substantially pressure the pair.



 



Support and… Continue

Added by AlexanderLF on January 27, 2016 at 4:57pm — No Comments

EUR/USD: general review



 



Current trend



The pair continues growing amid some weakening in the USD.



The American currency remains under pressure prior to the Fed Interest Rate Decision that is due today. Experts predict that monetary policy will stay unchanged. Furthermore, due to problems in China and falling oil prices the regulator might delay the next rate hike until summer that would significantly support the pair.



 



Support and… Continue

Added by AlexanderLF on January 27, 2016 at 1:20pm — No Comments

NZD/USD: investors waiting for interest rates decisions



 



Current trend



This week, the NZ Dollar, like other commodity currencies, is losing its positions again, following a decline in the price of oil. The price of oil is under pressure from concerns that an oversupply of the global oil market might deepen.



On Wednesday, market participants will turn their attention to the publications of interest rate decisions in the US and New Zealand. Further dynamics in the NZD/USD pair will largely depend on these… Continue

Added by AlexanderLF on January 26, 2016 at 6:56pm — No Comments

USD/JPY: ahead of BoJ meeting



 



Current trend



On Friday, the Bank of Japan releases its decisions on interest rates and quantitative and qualitative monetary easing programme. Last week, BoJ Governor stated the Regulator will not hesitate to adjust policy as needed to achieve the inflation target of 2%.



Amid a slowdown in Japan’s economic growth and, therefore, different approaches to monetary policy in the US and Japan, the USD/JPY pair is likely to grow in the medium… Continue

Added by AlexanderLF on January 26, 2016 at 5:58pm — No Comments

USD/CAD: pair fell





Current trend



In the end of last week, the pair significantly fell amid substantial growth in oil prices.



In addition, the Canadian Dollar was supported by strong macroeconomic data from Canada. Retail Sales in November 2015 grew by 1.7% while economists predicted a 0.2% growth. At the same time, the Consumer Price Index in December grew by 1.6%, against a 1.4% growth in the previous month that was, however, slightly worse than forecasts. Similar index… Continue

Added by AlexanderLF on January 25, 2016 at 12:35pm — No Comments

USD/JPY: no change in trend yet





Current trend



A growth in stock indices followed ECB President Mario Draghi comments on future monetary policy in the eurozone. Japanese stock index NikkeiStockAverage also gained support when an aide to Japanese Prime Minister pointed out that further easing of monetary policy is necessary. Together with the index, the USD/JPY pair is growing as well. If the Bank of Japan introduces additional stimulus measures, the pair will manage to gain back its recent… Continue

Added by AlexanderLF on January 22, 2016 at 4:38pm — No Comments

XAU/USD: general review





Current trend



The price of gold continues growing amid yesterday’s news regarding a possibility of the QE program expansion by the ECB. In the nearest future, the price is likely to grow to the level of 1112.50 where the pair traded at high volumes. After that, the price will fall.





Support and resistance



The RSI is below the 70 mark indicating that the growth can continue to the level of 1115.00.



Support levels: 1074.52… Continue

Added by AlexanderLF on January 22, 2016 at 2:43pm — No Comments

AUD/USD: growth might resume





Current trend



On Thursday, the AUD/USD pair tested the level of 0.6950, the 23.6% Fibonacci correction level. The Australian currency managed to strengthen when the US released not so favorable December’s data on inflation. Though Consumer Price Index came in at 0.7% in annual terms, it was 0.1% below the forecast. In monthly terms, the indicator was down to -0.1%. However, the pair is still under pressure from a gradual slowdown in China’s economy as the country… Continue

Added by AlexanderLF on January 21, 2016 at 7:22pm — No Comments

EUR/USD: general review





Current trend



Yesterday the pair fell amid growing anxiety on the market due to declining oil prices. In addition, the Euro remained under pressure prior to the ECB Interest Rates Decision that is due later today. The decision could significantly affect dynamics in the pair.



At the same time, the pair was supported by data on the Consumer Price Index from the US that came out worse than expectations. In December, the index fell by… Continue

Added by AlexanderLF on January 21, 2016 at 4:24pm — No Comments

Job Change - new year new chance!! :)

Hey everyone, I'd like to inform you all that I have changed my job from Varengold Bank FX to Sensus Capital. I am still in Hamburg, actually in the same street as before

But the working environment is muuuuuuch more friendly and comfortable :)

Why I have changed?

Well there were several reasons. Reasons I cannot talk about since I am not allowed to and others that I can say right away ... : I wanted to offer my clients some space where they can benefit from…

Continue

Added by Antje Wagner on January 20, 2016 at 5:23pm — No Comments

USD/CAD: pair growth and oil prices fall





Current trend



The Bank of Canada holds its monetary policy meeting today. As BoC Governor Stephen Poloz has repeatedly stated, the Regulator aims at keeping loose monetary policy and considers a possibility of a rate cut to -0.5%.



The Canadian currency is declining against the US Dollar amid a sharp fall in oil prices. On Tuesday, the International Energy Agency reported oil supply might increase by 1.5 barrels per day in next six month. Moreover, oil… Continue

Added by AlexanderLF on January 20, 2016 at 3:44pm — No Comments

XAG/USD: technical analysis





XAG/USD, D1



On the daily chart, the pair is moving along the middle MA of Bollinger Bands. The price remains below the EMA50, EMA100 and EMA144 that are directed down. MACD histogram is in the negative zone and its volumes are barely changing. DI lines are moving up, while ADX is horizontal.





XAG/USD, H4



On the 4-hour chart, the pair is trading in the upper Bollinger band. The price remains below the EMA100 and EMA144, but above… Continue

Added by AlexanderLF on January 20, 2016 at 1:32pm — No Comments

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