Рубрика: Analysis and Reviews

Forex Analysis and Reviews

Global macro overview for 17/11/2017

The US Industrial Production jumped a solid 0.9% in October as factory activity recovered from the impact of Hurricanes Harvey and Irma (consensus: 0.5%). New light for the expected growth rate for the fourth quarter threw a massive jump in factory production (1.3% m/m, consensus: 0.6%) which was recorded at its seven-year high. Mining activity […]

Bitcoin analysis for November 17, 2017

The Bitcoin (BTC) has been trading upwards. As I expected, the price tested the level of $7.987. A major Japanese bitcoin exchange is looking to enter the Russian cryptocurrency market and is seeking a local partner. The exchange’s CEO says «demand is huge» and urges Russia to look at Japan as a model for cryptocurrency […]

EUR/USD analysis for November 17, 2017

Recently, the EUR/USD has been trading upwards. The price tested the level of 1.2821.According to the 30M time — frame, I found that price is trading above the pivot level (1.1775), which is sign that buyers are in control. I also found oversold condition on the stochastic oscillator, which is another sign of strength. My […]