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Shares of Deutsche Bank have hit record lows this week on mounting worries about the struggling German lender, and they were dropping again on Thursday.On Thursday, a Bloomberg report raised concerns that a handful of funds are less willing to do business with the struggling firm. The report, citing a source and review of an internal document, said that a small number…
Blog de la Communauté FX
Yen Looks Overbought
The Yen looks overbought. Normally a safe-haven currency, the Japanese Yen got bought up aggressively in the post-Brexit mayhem. But as we can see on the 4 Hour chart below, things are starting to change with prices possibly bottoming out. We have now retraced over 50% of the Brexit related move, with possibly more gains on the way.
There are signs of a bottom on longer-term charts as well. Notice below how the Stochastic has clearly hit oversold territory in the USD/JPY. The Stoch moved below 2…
There are signs of a bottom on longer-term charts as well. Notice below how the Stochastic has clearly hit oversold territory in the USD/JPY. The Stoch moved below 2…
EUR/PLN Returning to the Mean
The crisis after the Polish election threatened to rock the stability seen in the pair for the past few years. The EUR/PLN rallied from a low of 4.21 to a high of 4.51 in less then one month. But all this changed in the past few weeks.. The pair has fallen from a high of 4.51 to a low of 4.2357 yesterday. The pair is now heavily oversold as can be seen on he Stochastic indicator below.
But I'm not betting on a reversal in this pair. Why? Let's check out a longer chart. On the weekly chart below …
But I'm not betting on a reversal in this pair. Why? Let's check out a longer chart. On the weekly chart below …
S&P500- Correction to be expected!!!
- Charts: 1 Day,1 Week
- Elements used: Fibonaci Fan Lines, Moving Averages, CCI, Time Markers.
- Current Level : 2009.18
Crisis Burdens Russian Economy
The crisis in the Crimea burdens the Russian economy. After the ruble has slipped to a record low, the government is now selling billions of foreign currencies. But military action could put the economy under pressure again.
In order to support the ailing Ruble, Russia has sold foreign currencies valued at 11.3 billion U.S. dollars. The record amount was sold on Monday to buy rubles as published documents of the Russian Central Bank shows on Wednesday. On the Crimean peninsula, in Moscow and aro…
In order to support the ailing Ruble, Russia has sold foreign currencies valued at 11.3 billion U.S. dollars. The record amount was sold on Monday to buy rubles as published documents of the Russian Central Bank shows on Wednesday. On the Crimean peninsula, in Moscow and aro…
Webinar: The EU - what has been shaping it so far?
Hi there traders!
Today we have planned a very special webinar as we have invited Dr. Ioannis Burnakis, Senior Lecturer in Economics at Middlesex University, to discuss "The EU: what has been shaping it so far and what to expect".
We will be having a look at austerity and will Greece finally experience growth this year, consider what impact will the growing corruption in Europe have on the region, should the UK be in the European Banking Union, and much more!
So we welcome you to join our webina…
Today we have planned a very special webinar as we have invited Dr. Ioannis Burnakis, Senior Lecturer in Economics at Middlesex University, to discuss "The EU: what has been shaping it so far and what to expect".
We will be having a look at austerity and will Greece finally experience growth this year, consider what impact will the growing corruption in Europe have on the region, should the UK be in the European Banking Union, and much more!
So we welcome you to join our webina…
Emerging Market Crisis
Over the past 2 weeks we have seen how much damage the turmoil in emerging market countries can have on the assets of developed nations. Investors flocked into the safety of the U.S. dollar and Japanese Yen, as the Argentinian Peso (ARS), Turkish Lira (TRY), South African Rand (ZAR), Russian Ruble (RUB) and Hungarian Forint (HUF) dropped to fresh lows. Since the beginning of year the ARS lost over 18% of its value versus the dollar while the other currencies fell more than 5%. In the past 6 mon…
Fitch warns US to behave in future
On the 15th October Fitch put the US on rating watch over the shutdown/budget debacle but has today issued a strong warning that the US needs to buck its ideas up. A repeat of the debt ceiling crisis would not be a good signal to keep the triple A rating and they must take more steps to reduce the deficit and debt burden, they said.
Fitch will decide on the US rating in March 2014.
"Nothing is pre-determined, but that wouldn’t be a good signal if we have that kind of outcome again,” Said Fitch …
Fitch will decide on the US rating in March 2014.
"Nothing is pre-determined, but that wouldn’t be a good signal if we have that kind of outcome again,” Said Fitch …