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The AUD/USD is trading nearly flat after the Reserve Bank of Australia decided to keep its benchmark cash rates at a record low of 1.5 percent, and pointed to weaker growth in the quarter ended March 31.The Forex pair didn’t have much of a reaction to the widely expected move by the RBA, which suggests investors will be more reactive to Wednesday’s quarterly GDP data. According to economists, the GDP data is expected to come in weaker than expected after a disappointment in the country’s current…
Experimenter1's Blog
GBP-NZD
GBP/NZDThe post-financial crisis and massive central bank stimulus that followed in developed nations has led to some of the lowest bond yields in history. In a move to find higher returns, cash has moved abroad into economies that offer higher yielding assets. Countries such as New Zealand have benefitted during these times, but with the Fed's move to scale back asset purchases in combination with slower growth in China, the four year trend may be showing signs of fundamental weakness.
USD-JPY
The Japanese currency is weakening against the USD for a long time. As a result last week the USD/JPY pair reached the 8 weeks minima and consolidated above the level of 114.00. The weak USA data, published on Friday, such as Consumer Price Index (was 2.2%, which is lower than expected) and Retail Sales Index (also lower than expected a t the level of 0.4%), caused the lowering of the USD against all the main competitors. As a result the pair lowered to 113.15, and the level of 114.00 became th…
USD-JPY
Current trend In the middle of April the long-term downward trend was broken. and the American currency turned to upward movement against yen. The pair needed a little less than a month to overcome 600 points and consolidate on levels 114.00, 114.50. This rapid growth became possible due to devaluation of the Japanese currency caused by loss of investor demand. Overbought yen was activesly sold at the local maximum causing the pair to move upward, and investors continued to sell JPY in favor of …
GBP-JPY May 2017
GBP-JPY
I am waiting with patience for this weekly candle if is going to close in a shape cross or dojy.
It is a long term resistance on this level so it is worth trying some bearish operations.
Let's wait and see what the markets will do.
EUR-USD
EUR/USD edged higher ahead of the second round of the French elections.
Does it have more room to the upside?
It seams that the bearish pressure was just waiting for a nice high.
Now forcing the downtrend of this pair.
Let's wait and see.
Oil estimate for 2017 MONTHLY CHART
MONTHLY CHART
Oil estimate for 2017 .
There are roumors that say we may see a very low Oil price ahead.
Thanks to the "Cheap Money" Policies and Modern Monetary Systems, we have entered a "Golden Era" of
Global Supply surpassing the Global Demand by far.
I I will not be surprised to see sometimes next year ==== 10 USD per BARREL =====
EUR-USD Daily Trend
From US elections till now this pair has formed a strong down trend.
Recently it seems that this trend is broken with a sharp reverse.
Let's see if the Fibb level 23.6% will be enough support for the continouation of a deep correction towards 50% level.
The typical classic correction.
1.09 is my next target.
EUR/USD and GBP/USD Forecast December 6, 2016
Published on Dec 5, 2016The EUR/USD pair broke higher during the session on Monday, but then turned back around to form a massive green candle. The candle of course is massive, so that shows quite a bit of bullish pressure in this market. We broke above the 1.0750 level during the day, which of course is very bullish but there is a massive amount of resistance at the 1.0850 level as far as I can tell. Am waiting for some type of exhaustive candle after this impulsive move, because quite frankly…
EUR/USD and GBP/USD Forecast December 5, 2016
Published on Dec 4, 2016The Euro initially fell on Friday but turned around to form a slightly positive looking hammer. The market is most certainly in a downtrend at the moment though, so I think that any bouncer here will be short-lived at best. Because of this, I don’t look at this is a buying opportunity but rather a selling opportunity about to happen. I think there should be significant amount of resistance at the 1.07 level, and most certainly the 1.0850 level. Sooner or later, we will g…