Limited upside in EURJPY this week

Monthly: Posted a bearish Outside Month in March. This pattern often highlights the top of a trend and the start of a new downward bias. The Marabuzo level (mid-point from open and close) is located at 132.76 Weekly: A 261.8% extension level from the current trend (137.55-128.99) is located at 115.14. This is close to the April 2017 low t...

2018-04-18 Ian Coleman Read more
Merkel_German elections_1505

The global news stations were busy over the weekend covering the biggest cyber-attack in the history, which affected more than 200,000 businesses across Asia, Europe, and the US, raised many questions and red flags about the exchanges securities. Such incident might not be over yet according to many reports, and such thing would be an opportuni...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Macron_French Election

The first round of the French election is behind us now, and so far, it's going as expected. However, traders need to be very careful over the coming day and ahead of the second round of this key elections. Public Polls Were Right After last year's shocking failure of most of the public polls across the board, including the Brexit referend...

2017-04-24 Nour Eldeen Al-Hammoury Read more
Kuroda_USDJPY_2302

Haruhiko Kuroda, Governor of the Bank of Japan. Image via World Economic Forum Japanese investors have long been supporters of the European Economic and Monetary Union (EMU) deflation trade and by all accounts are now holding excessive positions in the EMU’s semi-core bond markets. For example, Japan now holds 12% of all French sovereign bond...

2017-02-23 James Harte Read more
Japan's economic data

The first trading day of the week has no significant economic releases. The global markets are therefore expected to trade in a narrow range throughout the day after a long weekend in the US, and ahead of key economic releases this week. On Tuesday, traders will be looking for many economic releases in Asia, Europe, and the US, which is set to ...

2016-11-28 Nour Eldeen Al-Hammoury Read more
Germany

After a wild move for the US Dollar yesterday, following positive economic releases, in addition to the Federal Reserve FOMC Meeting Minutes which increased the estimates for a possible rate hike in December meeting, the markets will take some rest during the US session, as the US banks will be closed in observance of Thanksgiving Day. However,...

2016-11-25 Nour Eldeen Al-Hammoury Read more
Yen_Japan

During the first trading day of the week and early morning hours of the Asian session, a few economic figures were released from Japan and China which had a notable impact on the markets. However, the US elections outcome and the positive momentum toward Trump’s action to calm the market is here to stay and has overshadowed these figures. In thi...

2016-11-14 Nour Eldeen Al-Hammoury Read more
Kuroda BoJ

The significant move in global markets at the end of last week was due to the latest developments in the US regarding Hillary Clinton's email investigation. The market is bracing for many economic releases and events this week, which are likely to have a significant impact on the markets ahead of the US elections. We must also keep in mind that ...

2016-10-31 Nour Eldeen Al-Hammoury Read more
German Flag

After a slow start of the week across the board on Monday, Tuesday comes with very few economic releases from Europe and the US, yet it's likely to have a medium impact on the markets ahead of key events later this week. In today’s article, we will explain the importance of the German IFO Business Climate, how to read the outcomes and how to use...

2016-10-25 Nour Eldeen Al-Hammoury Read more
Euro_ECB_Draghi

Last Thursday, the ECB chairman Mario Draghi again surprised the markets with more confusion. We all know that he is one of the most surprising chairman of the ECB with his actions and remarks. Yet, Thursday’s remarks added more confusion toward the ECB's upcoming plan, leading to a notable rally in the Euro for a limited time. The currency then...

2017-07-26 Nour Eldeen Al-Hammoury Read more