Рубрика: Analysis and Reviews

Forex Analysis and Reviews

Analysis of Gold for September 05, 2017

Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,326.17. According to the 1H time frame, I found a confirmed double top formation, an evening star candle formation and hidden bearish divergence on the RSI oscilator, which are signs that buying looks risky and that sellers took control from […]

Bitcoin analysis for September 05, 2017

The Bitcoin (BTC) is trading lower at the level of $3.996 driven on the news that the People’s Bank of China, the central bank of the country, has officially declared initial coin offerings (ICOs) as an illegal method of raising money. In an official statement, the PBoC announced that organizations and individuals are no longer […]

Global macro analysis for 05/09/2017

Global macro analysis for 05/09/2017: The UK Services PMI dipped to the 11-month low. According to the recent data from Markit, the UK Services PMI declined from 53.8 points to 53.3 points in the reported month. The reading was slightly below the expected figure of 53.5 and the lowest print since September 2016. Despite the […]

North Korea and the ECB

North Korea and the ECB. Morning review. Monday passed in a sluggish trade. This is natural since the US had a holiday. The main news has not changed. Markets are looking at the situation around North Korea and waiting for the ECB on Thursday. In North Korea, it seems that the US has chosen a […]

Bitcoin analysis for 05/09/2017

Bitcoin analysis for 05/09/2017: The recent slide in the Bitcoin price was related to the news from China where in the near future, the Chinese government may decide to regulate the ICO — the ability to raise capital through new ideas based on the Blockchain technology. Despite the fact that the Chinese authorities have not […]

Global macro overview for 05/09/2017

Global macro overview for 05/09/2017: The Reserve Bank of Australia has left the interest rates unchanged at the level of 1.50% as expected. In the Rate Statement, RBA said that the current monetary policy will be suitable for sustainable growth and inflation’s return to the target. The rhetoric against AUD has not been tightened — […]

Trading plan for 05/09/2017

Trading plan for 05/09/2017: Another report of possible North Korean missile tests again dominated the mood on the financial markets and brought risk aversion moves. The JPY and CHF are the strongest major currencies, Gold is gaining as well. The Reserve Bank of Australia did not surprise by the decision or the announcement, but the […]