All Blog Posts (3,273)

GBP/USD: Fundamental catalysts to define further trend

GBP/USD: Fundamental catalysts to define further trend



Current trend



All major currencies, including the pound, were under pressure on Wednesday owing to the dollar strengthening against a backdrop of US upbeat statistics. Besides, UK service sector PMI dropped to 56.7 despite positive forecasts of 57.6.

Today, the pair has reached a level of 1.5225 and then has slightly corrected upwards. The Bank of England's decision on interest rates and volumes of… Continue

Added by AlexanderLF on March 5, 2015 at 3:06pm — No Comments

USD/JPY: Investors waiting for fundamental news

USD/JPY: Investors waiting for fundamental news



Current trend



The USD/JPY grew at the beginning of the week reaching a 3-week high at 120.26. However, by Wednesday the pair had lost some positions and the price is currently located at 119.60. The quotes are likely to remain within a range of 119.35-119.70 as market participants are waiting for fundamental news of the week: ECB President Mario Draghi's statement and publication of February's economic… Continue

Added by AlexanderLF on March 4, 2015 at 3:32pm — No Comments

EUR/USD: the overbought dollar is losing investors' support

EUR/USD: the overbought dollar is losing investors' support



Current trend



The European currency weakened substantially against the dollar in the middle of the previous week. The euro came under pressure owing to weak macroeconomic data on the eurozone's key economic sectors and a growing demand for dollars ahead of a probable interest rate rise. The EUR/USD fell below the key support of 1.1285, almost reaching a recent low at 1.1100. In spite of the drop of… Continue

Added by AlexanderLF on March 3, 2015 at 5:21pm — No Comments

Brent: general analysis

Brent: general analysis



Current trend

Brent crude oil quotes rose above a level of 62.00 on Friday, reaching a maximum at 62.66 due to the fears that gas supplies from Russia to the European Union would be hampered. The situation had been caused with Ukraine failing to pay its fuel bill, while being the main gas transit country. A meeting between Russia and the EU concerning the issue is to take place today.

Another factor that influenced Brent price was news… Continue

Added by AlexanderLF on March 2, 2015 at 3:43pm — No Comments

GBP/USD: analysis and forecast

GBP/USD: analysis and forecast



Current trend



The GBP/USD refreshed local highs at about 1.5550 yesterday morning but failed to hold at that level and moved downwards straight away. The US consumer price index released yesterday raised the demand for the American currency and the pair dropped to a level of 1.5400.



Statistics for US GDP are worth attention today as they can affect the pair. The forecasts are quite downbeat, and the GBP has all… Continue

Added by AlexanderLF on February 27, 2015 at 2:05pm — No Comments

Brent: general analysis

Brent: general analysis



Current trend



Yesterday, Brent crude oil tested a level of 60.00. A compromise regarding financial assistance to Greece contributed to the growth of oil quotes. The EU's finance ministers had approved of a Greek reform plan and extended bailout terms for another 4 months. In particular, the Greek government had promised to continue selling state-owned assets, consolidate pension funds to cut expenses, take measures to fight tax dodgers… Continue

Added by AlexanderLF on February 25, 2015 at 5:20pm — No Comments

Forex: Ichimoku Clouds. Review of AUD/USD

Forex: Ichimoku Clouds. Review of AUD/USD



AUD/USD, H4



Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above above the cloud, forming a signal to sell. Chinkou Span line has crossed the price chart from above, current cloud is still ascending. The pair has broken down the cloud and is moving towards 0.7680. The closest resistance level is the lower border of the cloud (0.7759).







AUD/USD,… Continue

Added by AlexanderLF on February 24, 2015 at 2:20pm — No Comments

Greece Concerns Put Pressure on Euro

Monday saw the euro quickly give up on the gains it initially made against the dollar as worry over the unfolding financial crisis in Greece crept into the markets.

On Sunday, the Greek Prime Minister Alexis Tsipras said that he would push ahead with the promises he’d made prior to the election, insisting that he would attempt to reverse the austerity measures placed by previous agreements with the ECB, and also reject the…

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Added by yuval on February 24, 2015 at 1:03am — No Comments

GBP/USD: technical analysis

GBP/USD: technical analysis



Current trend



The previous week was quite volatile for the GBP/USD that traded in a range of 1.5340-1.5465. On Wednesday, following the publication of data on the UK labour market, the pound managed to rise to a resistance level of 1.5465, but did not break it down. On Friday, the British currency lost points against a backdrop of negative data on retail sales. The trading session closed below 1.5400.

The pair dropped at the… Continue

Added by AlexanderLF on February 23, 2015 at 4:50pm — No Comments

EUR/USD: general review

EUR/USD: general review



Current trend

Yesterday there was downward dynamics in Euro trading and the pair dropped to a level of 1.1356. The euro goes on declining today. The main factor hanging over the single European currency remains the Greek issue. The Greek government asked to extend the loan agreement on Thursday. However, the German minister Wolfgang Schäuble's opinion is that this suggestion is not constructive and won't help. The day before, the European… Continue

Added by AlexanderLF on February 20, 2015 at 4:08pm — No Comments

Forex: Ichimoku Clouds. Review of XAU/USD

Forex: Ichimoku Clouds. Review of XAU/USD



XAU/USD, H4

Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, they are both horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. The pair has broken through Tenkan-sen and Kijun-sen lines, the latter becomes a support level (1216.88). The next obstacle for the price on its way up will be the lower border of the cloud (1227.81).…



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Added by AlexanderLF on February 19, 2015 at 4:44pm — No Comments

Forex: Ichimoku Clouds. Rewiev EUR/USD

Forex: Ichimoku Clouds. Rewiev EUR/USD



EUR/USD, H4

Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, they are both directed upwards. Chinkou Span line is approaching the price chart from above. Current cloud has recently reversed from descending to ascending. The pair is trading within the cloud, borders of which become support (1.1346) and resistance (1.1402) levels.







EUR/USD, D1

On the daily chart… Continue

Added by AlexanderLF on February 18, 2015 at 2:44pm — No Comments

Forex: Ichimoku Clouds. Rewiev USD/CHF

Forex: Ichimoku Clouds. Rewiev USD/CHF



USD/CHF, H4

Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, they are both horizontal. Chinkou Span line is approaching the price chart from above; current Kumo-cloud is ascending. The pair is slowly rising, being corrected along the way. Tenkan-sen line is the closest resistance level (0.9234). Support level will be Kijun-sen line (0.9296).







USD/CHF, D1

On the… Continue

Added by AlexanderLF on February 17, 2015 at 4:18pm — No Comments

GBP/USD: analysis and forecast

GBP/USD: analysis and forecast



Current trend

GBP/USD has been growing within a range of 1.5196-1.5422 throughout the past week. As a result, the trading session closed at 1.5396. This week started with a positive gap that was overlapped afterwards. Then the pair resumed growth.

The absence of important macroeconomic data on the UK accounts for a prevailing sideways movement of the pound against the American dollar today. The market is expected to come to a… Continue

Added by AlexanderLF on February 16, 2015 at 1:06pm — No Comments

Forex: Ichimoku Clouds. Review of NZD/USD

Forex: Ichimoku Clouds. Review of NZD/USD



NZD/USD, H4

Let’s look at the four-hour chart. Tenkan-sen and Kijun-sen lines have merged above the cloud and remain horizontal, reflecting the uncertainty of the market. Chinkou Span line is above the price chart; current cloud is ascending. The closest support level is merged Tenkan-sen and Kijun-sen lines (0.7399). One of the previous maximums of Chinkou Span line is expected to be a resistance level at… Continue

Added by AlexanderLF on February 13, 2015 at 2:13pm — No Comments

Brent: general overview

Brent: general overview



Current trend



Brent crude oil dropped to a level of 53.82 yesterday owing to the news from the Middle East. Oil exporting countries are still competing for the market. Two OPEC members Iran and Iraq announced the highest discounts on hydrocarbons at the same time. The discount Baghdad intends to make on its Basrah Light crude is $4.1 higher than the one its Middle Eastern competitors are offering. National Iranian Oil reduced the price… Continue

Added by AlexanderLF on February 12, 2015 at 4:15pm — No Comments

EUR/USD: general analysis

EUR/USD: general analysis



Current trend

Yesterday the pair slightly grew against a backdrop of positive data on French and Italian manufacturing production volumes. Then unfavourable macroeconomic data was released in the US: the small business optimism index dropped to 97.9 points, and new non-farm payrolls reduced to 5.03 million.

Today, market participants are waiting for the results of the Eurogroup meeting that will be held at 19:30 (GMT+2). The meeting… Continue

Added by AlexanderLF on February 11, 2015 at 3:27pm — No Comments

Forex: Ichimoku Clouds. Review of GBP/USD

Forex: Ichimoku Clouds. Review of GBP/USD



GBP/USD, H4



Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, forming a signal to sell. Chinkou Span line is approaching the price chart from above; current Kumo-cloud is ascending. The pair has been corrected under the red and the blue lines and the next obstacle on its way down will be the upper border of the cloud (1.5120). The closest resistance level is Tenkan-sen line… Continue

Added by AlexanderLF on February 10, 2015 at 1:41pm — No Comments

USD/JPY: analysis and forecast

USD/JPY: analysis and forecast



Current trend

The pair has been in a feeble downward channel since the end of the previous month tending more and more to a support level of 117.00 which it unsuccessfully attempted to break several times. At the end of the last week the pair rallied after publication of data on the US labour market. New non-farm payrolls amounted to 257 thousand which is more than a forecast of 234 thousand. The unemployment rate was… Continue

Added by AlexanderLF on February 9, 2015 at 5:17pm — No Comments

EUR/USD: the euro regains investors' confidence

EUR/USD: the euro regains investors' confidence



Current trend



The EUR/USD dropped to a support level of 1.1300 and, having failed to overcome it, rose again to a local maximum at 1.1530. The growth of the pair signals an increase in demand for the European currency. Besides, strong data on German production orders released yesterday exceeded the forecast more than twofold. These are the fundamental factors that the euro had lacked to start… Continue

Added by AlexanderLF on February 6, 2015 at 3:59pm — No Comments

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