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Boe decisions for pound assets will be followed!Yesterday, it was stated that an agreement was reached during the final coalition talks in Germany. In January, a preliminary agreement was reached between the SPD(Social Democratic Party) and the CDU/CSU(Christian Union bloc), but it was expected to be January 21 when the SPD sought approval from its members by the Extraordinary Congress. The final negotiations were initiated here as well. As a final step after yesterday's agreement, it is stated …
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EURUSD overview
Services and compound PMIs described in the euro zone and Germany yesterday resulted in higher expectations, while the euro zone retail sales data took place in parallel with forecasts. On the other hand, the European Central Bank Mario Draghi said in the evening that the euro zone is still growing and that they are moving towards their targets for inflation and price stability. Germany's coalition talks are approaching the last days, while the sides agreed on the issues related to the European …
EURUSD expectation
The euro zone Producer Price Index was announced below expectations on a monthly and annual basis. In the United States, 184 thousand as expected non-agricultural employment data amounted to 200 thousand. The average hourly earnings were 0.3 percent in line with expectations, while the Unemployment Rate data were reported as 4.1 percent in line with expectations. In addition, the data on non-agricultural employment and average Hourly earnings were revised upwards. When we look at the news flow, …
Will Brexit Trigger Exodus of Banks From London?:
Will Brexit Trigger Exodus of Banks From London?:London has flourished as a financial center for decades in part because global banks, from offices around the bustling City of London district, could sell their services freely around the European Union’s 28-nation trading bloc. Now that British voters have decided to leave the EU — the complicated international divorce known as Brexit — the city’s status as a banking hub is under threat. If U.K. firms lose easy access to Europe’s $19 trillion eco…
EUR/USD Intraday: the downside prevails. USD/JPY Intraday: the bias remains bullish.
Long positions above 112.45 with targets at 112.85 & 113.05 in extension.
Pivot: 112.45
Our preference: long positions above 112.45 with targets at 112.85 & 113.05 in extension.
Alternative scenario: below 112.45 look for further downside with 112.10 & 111.90 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
113.30 **
113.05 ***
112.85 ***
112.65 Last
112.45 ***
112.10 ***
111.90 ***
Copyright…
EUR USD TECHNICAL ANNALYSYS WILL NOT COUNT CHART VIEWS
EURUSD reached its weekly highs today and it approaches major weekly limits. It has moved outside of the major price action zone for this week and has reached its 2nd target from the 1.095 impulse
It also broke above weekly resistance and candles are showing very bullish sentiment still. possible bearish divergence. Elections will push this one one way or another
technical analysis won't count in this case
It also broke above weekly resistance and candles are showing very bullish sentiment still. possible bearish divergence. Elections will push this one one way or another
technical analysis won't count in this case
Belgium issues an apology for voting Saudi Arabia into UN’s women’s rights commission
UN Watch, whose coverage drew attention to what may otherwise have been a quiet backroom vote, called on other democratic states that voted for Saudi Arabia in what was a secret ballot, to reveal their decision, and follow Belgium’s example.“Saudi Arabia may have a large part of the world’s oil wealth, but their contempt for the basic rights of women should never be legitimized by UN bodies or by liberal democracies such as Belgium,” …
Russia Vladimir Putin vindicated
Russia and Vladimir Putin vindicated , Gilles Lebreton Verified account @ Gilles_Lebreton 2h2 hours ago2 hours ago 2h2 hours agoMoreThe Court of Justice of the EU facilitates fraud on the job! My press release:
False Breakout for the Swedish Krona
The Euro rallied strongly against the Swedish Krona at the end of October. It even broke above the long-term resistance near 9.7300. But as can be seen on the chart below, all those gains evaporated in a span of few weeks. We are now quoted at 9.7713, only 0.41% away from the 9.7300 breakout point.
The strong rejection of the upside move and the near-complete retracement to the breakout point suggests that the rally in this pair is over. As we can see on the chart below, all previous breakouts, …
The strong rejection of the upside move and the near-complete retracement to the breakout point suggests that the rally in this pair is over. As we can see on the chart below, all previous breakouts, …
Gains for EUR/SEK WIll Not Last
The EUR/SEK finally managed to break above a two-year resistance line at 9.7256. But I don't think these gains will last and here's why. We're now quoted at 9.9140, only 1.9 percent away from the resistance. This is a fairly small amount.
But more important, this type of breakouts have happened many times in the past few years and it always ended in tears for the bears. Take a look at the chart below. We mark several bullish breakouts and they all ended with prices reverting deep towards the mea…
But more important, this type of breakouts have happened many times in the past few years and it always ended in tears for the bears. Take a look at the chart below. We mark several bullish breakouts and they all ended with prices reverting deep towards the mea…