Global macro overview for 24/05/2018

On Wednesday, the Turkish central bank raised its rate known as the Late Liquidity Window (LLW) by 3 pp. Previously, it was 13.5%, from today it is 16.5%. Other rates remained unchanged. The decision was taken during an extraordinary meeting convened in connection with the worrying developments in Turkey, which are primarily the behavior of […]

GBP/CHF analysis for May 24, 2018

Recently, the GBP/CHF pair has been trading upwards. The price tested the level of 1.3314. According to the H1 time – frame, I found a broken bullish flag in the background, which is a sign that selling looks risky. My advice is to watch for a pullback and then try to buy. I placed Fibonacci […]

Bitcoin analysis for May 24, 2018

Trading recommendations: According to the H1 time — frame, I found that price did successful breakout of bearish flag, which is sign that sellers are in control. The MACD oscillator is confirm strong bearish momentum. My advice is to watch for potential selling opportunities. The downward target is set at the price of $6.962 (Fibonacci […]

Euro buyers should try very hard

The US dollar lost a number of positions against the euro and the British pound after the report of the May meeting of the Federal Reserve System was published. Despite the fact that the representatives of the Federal Reserve spoke in favor of raising interest rates, the report of experts from the Federal Reserve spoke […]

Analysis of Gold for May 24, 2018

Recently, Gold has been trading sideways at the price of $1,295.00. According to the H1 time – frame, I found a broken downward channel in the background, which is a sign that selling looks risky. I also found a hidden bullish divergence and potential finished (abc flat correction), which is another sign that buyers are […]

BTC/USD Approaching Support, Prepare For A Bounce

Reason for the trading strategy (fundamentally): John McAfee expects a bull run on cryptocurrency markets in the near future. Billions will be pumped by institutional investors, the internet security expert predicted in a post on the microblogging platform Twitter this week. McAfee claims this will lead to significant changes in the market capitalizations of the […]

Bitcoin analysis for 24/05/2018

The financial media reports, that India is working on legislation to ensure that cryptocurrency transactions are subject to value-added tax (GST). According to anonymous sources, the Central Council of Indirect Taxes is considering applying a 18 percent tax on foreign exchange operations, which it would perceive as «intangible assets». «The purchase or sale of cryptocurrencies […]

Trading plan for 24/05/2018

Fears of trade wars are back, this time on the in form of uncertainty regarding the duties on cars and motor vehicles. This puts pressure on the Japanese stock market. Combined with the drop in US profitability, the 10-year-old clearly strengthens the yen. South Korea has confirmed that the fate of the Kim-Trump meeting in […]

Burning Forecast 05/24/2018

Burning Forecast 05/24/2018 EURUSD: We are waiting for a strong upward rebound. On Wednesday, May 23, the Fed issued a report from the last meeting. Analysts now estimate almost a 100% likelihood of a rate hike at the next meeting of the Fed on June 13. However, this fact could not give the dollar a […]