Poloz is bringing back the volatility

Currencies mirror their central bankers Here’s a prediction for 2018: The Canadian dollar will be volatile. In the past week, Poloz quietly laid out a mission statement. He thinks that central banks need to back away from forward guidance — from forewarning markets about what’s coming. Instead, he’s going to outline the risks and leave […]

Bitcoin analysis for December 22, 2017

Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $13.182. The price of bitcoin (BTC) has dropped more than 25 percent in four days, and it looks headed for even worse territories as of this writing. Veterans have braced for its eventuality. However, there are many newly onboarded, and […]

Global macro overview for 22/12/2017

Catalonia chose the government At yesterday’s elections to the regional parliament in Catalonia, the separatists won 70 seats in the 135-seat parliament (the majority are 68 seats): the total for Catalonia (Junts per Catalunya) has 34 seats, the Republican Left of Catalonia (ERC) has 32 seats and the ultra-left Union of Unity People’s Republic (CUP). […]

USD/JPY analysis for December 22, 2017

Recently, the USD/JPY pair has been trading sideways at the price of 113.37. According to the 30M time – frame, I found an upward breakout of intraday sideways base, which is a sign that selling looks risky. I also found a hidden bullish diverrgence on the stochastic oscillator, which is another sign of strength. My […]

EUR/USD analysis for December 22, 2017

Recently, the EUR/USD has been trading downwards. As I expected, the price tested the level of 1.1817. According to the 30M time – frame, I found broken pennant in the background, which is sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at the pice […]

US November prelim durable goods orders +1.3% vs +2.0% expected

Durable goods orders for November Prior was -0.8% Ex transportation -0.1% vs +0.5% expected Prior ex-transportation +1.3% Capital goods orders nondefense ex air -0.1% vs +0.5% expected Prior capital goods orders nondefense ex air +0.8% Capital goods shipments nondefense ex air +0.3% vs +0.3% expected Prior cap goods shipments nondefense ex air +1.3% The weakness in core orders […]

Яндекс.Метрика