Daily Forex Market Preview, 22/05/2018 In today's The U.S. dollar continued to strengthen on Monday. The gains came as the markets opened to the weekend news reports about the U.S. Treasury Secretary announcing that the U.S. had put on hold its trade war against China. Both administrations are expected to chalk out a mutually beneficial deal wh...

2018-05-22 John Benjamin Read more

Monthly: Holding within an Expanding Wedge formation than has a bias to eventual break to the upside. The Ichimoku Cloud stalled rallies on three occasions in 2017. Strong selling pressure in February has left a Marabuzo level at 85.36 (half the nett losses from 87.94 to 82.78) Weekly:  Holding within a bearish channel formation. We have ...

2018-05-22 Ian Coleman Read more
Mester aims to maintain Fed's course

The President of The Cleveland Federal Reserve Bank, (known to be a hawk in the FOMC) Loretta Mester aims to maintain Fed's course, stating that the central bank must continue its gradual approach to raising interest rates as the inflation rate still did not reach the central bank's 2% inflation target rate. She spoke on Monday in Paris, amid a ...

2018-05-21 John Benjamin Read more
JPY Positioning Turns Net Long Again

EURUSD Non-Commercials reduced their net long positions in the Euro last week, selling 5k contracts to take the total position to 115k contracts. EUR upside has now been net sold for each week over the last month as the market reacts to a downturn in eurozone economic data and a more cautious tone by the ECB subsequently. Speaking at the ba...

2018-05-21 James Harte Read more

Monthly: EURCHF has staged a strong recovery since posting a low in January 2015. The rally has stalled, and a reversal posted from levels close to the 78.6% Fibonacci pullback of 1.2010. Swing low (previous support) is located at 1.1447 Weekly:  Mixed trading for the last 41 weeks has resulted in an Expanding Wedge formation being posted...

2018-05-21 Ian Coleman Read more
Fed minutes and UK data

The economic calendar for the week ahead is broadly limited to some key themes of Fed minutes and UK data. The FOMC meeting minutes will be coming out on Wednesday which is likely to remain in the spotlight. On the economic front, the UK will see a busy week. Data this week includes the inflation, retail sales and GDP numbers coming up. The d...

2018-05-21 John Benjamin Read more

Monthly: Three consecutive positive monthly bars. Broken out of the wedge formation (yellow) to the upside. Reverse trend line support is located at 0.9895. The trend of higher highs (from 2012 and 2015) is currently located at 1.0600. With bespoke resistance located at 1.0680, this is our long-term target zone. Weekly:  Broken out of the...

2018-05-18 Ian Coleman Read more
Jim Rogers

Jim Rogers, famous for his witty and research-backed remarks about developments in the financial world, is considered one of the greatest traders of all time. He set up the Quantum Fund with another legendary trader, George Soros, in 1973. Over the course of 10 years, the fund made a staggering gain of 4,200%. Jim Rogers is known for his accu...

2018-05-18 Orbex Read more
Intraday Analysis 18th May 2018

Daily Forex Market Preview, 18/05/2018 The U.S. dollar was seen maintaining steady ground on Thursday. Economic data for the day saw the release of the weekly unemployment claims which rose higher than expected to 222k. The Philly Fed manufacturing index post strong gains, rising to 34.4 beating estimates of 21.1. The euro currency continued...

2018-05-18 John Benjamin Read more
April Canada Unemployment Rate Remains Steady

As the April Canada unemployment rate remains steady, the Canadian economy was seen losing jobs in the month of April, with declines seen by a drop in the part-time workers. The weaker than expected data raised expectations that the Bank of Canada will be holding interest rates unchanged at its meeting this month. Data from Statistics Canada ...

2018-05-18 John Benjamin Read more