MichelHussy
EURJPY Same Bearish Reversal, Watch Cor More Downside
Hi traders: EURJPY has also developed nice bearish price action from higher and lower time frames. Start from the HTF, we can see a nice clean double tops, and price failed to continue higher after hitting the previous highs. Instead, we see a H and S reversal structure, and on the lower time frame,
European Shares Seen Higher At Open
European stocks are likely to open higher on Thursday as investors bet on a Democratic sweep in next month's U.S. election.
Goldman Sachs wrote that a 'blue wave' ' in which Democrats gain unified control of Washington would "sharply raise the probability" of a fiscal stimulus package of at least $2
ForexLive Asia FX news wrap: Eyes on Trump's health, apparent improvement boosts sentiment
Forex news for Asia trading for Monday 5 October 2020
Pound Little Changed After U.K. Manufacturing PMI
At 4.30 am ET Thursday, IHS Markit has released UK final manufacturing PMI data for September. The pound changed little against its major rivals after the data.
The pound was trading at 1.2862 against the greenback, 135.66 against the yen, 1.1828 against the franc and 0.9123 against the euro around
EUR/USD Price Analysis: 23.6% Fib retracement support breached
EUR/USD closed Wednesday below 23.6% Fibonacci retracement of the March to September rally.
The daily chart suggests scope for a decline to 1.15.
EUR/USD closed Wednesday at 1.1670, breaching the 23.6% Fibonacci retracement level of the uptrend from the March low of 1.0623 to the Sept. 1 high of
European Economics Preview: Sweden Central Bank Rate Decision Due
The interest rate announcement from Sweden's central bank is due on Tuesday, headlining a light day for the European economic news.
At 1.00 am ET, Statistics Finland releases unemployment data for August. The jobless rate was 7 percent in July.
At 3.00 am ET, consumer confidence survey results are d
Gold Weekly Forecast
Forecast For This/Next Week (September 21 - 25, 2020)
Uptrend scenario An uptrend will start as soon, as the market rises above resistance level 1966, which will be followed by moving up to resistance level 2033 - 2073. Downtrend scenario An downtrend will start as soon, as the market drops below su
How to Manage the Emotions of Trading
Knowing how to control emotions while trading can prove to be the difference between success and failure. Your mental state has a significant impact on the decisions you make, particularly if you are new to trading, and keeping a calm demeanor is important for consistent trading. In this piece, we e
US sanctions Chinese firm helping build military base in Cambodia – WSJ
The Wall Street Journal (WSJ) carries a gated story on Wednesday, citing that the US Treasury Department imposed sanctions on a Chinese state-owned company, accusing it of helping build a military base for Beijing in Cambodia.
Further details
“The US blacklisted China’s state-owned Union Development
European Economics Preview: UK Unemployment Data Due
Unemployment from the UK and economic sentiment from Germany are due on Tuesday, headlining a busy day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK labor market statistics. The jobless rate is forecast to rise to 4.1 percent in July from 3.9 percen
US President Trump: TikTok deadline won't be extended
While speaking to media during the late-Thursday evening in the US, early Friday morning in Asia, the American President Donald Trump stayed firm against China. In doing so, the Republican leader turned down the hopes of any relaxation to the ByteDance owned app company TikTok after the parent talke
Pull-up Update
