Yellen and Draghi supported the euro

Eurozone ECB President Mario Draghi, speaking at the symposium of the Fed in Jackson Hole, said that he saw no reason to abandon the current rules of financial regulation, thus supporting the position of Janet Yellen. Both central banks are going, by all indications, continue to pursue a coordinated policy. From Draghi’s speech, it follows […]

Economic data coming up in the European session

Economic data risk coming up in this session 29 Aug Greetings one and all Not a lot on the data front today but focus on JH fall out, US flooding, NK missile launch and other geopolitical factors anyway. London desks back today after the extended holiday week-end. As always I wish you good trading and I hope we can help make/save you […]

Pertengahan Sesi Asia USDJPY Pangkas Pelemahan ke 108.78

Monexnews -USDJPY perlahan beranjak dari level terendah hari ini setelah sempat anjlok dalam karena aksi Korea Utara (Korut) yang meluncurkan rudal melewati Pulau Hokkaido Jepang dan jatuh di Samudera Pasifik. Aksi Korut ini mendapat kecaman dari berbagai belahan dunia termasuk pemerintah Indonesia karena dianggap bisa mengancam keamanan regional dan dunia. Yen pun menguat karena diburu […]

GBP/USD testing major resistance, prepare to sell

The price is testing major resistance at 1.2938 (Fibonacci retracement, horizontal pullback resistance) and we expect a strong reaction off this level for a drop to at least 1.2837 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is testing major resistance at 93% and we expect a corresponding reaction off that level similar to the […]

USD/CHF testing our buying area, time to start buying

The price has dropped as expected towards our buying level. We remain bullish looking to buy above major support at 0.9519 (Fibonacci retracement, Fibonacci extension, horizontal support) for a bounce up to at least 0.9617 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic is approaching major support at 3.1% where we expect a bounce from. Buy […]

NZD/USD remain bullish above major support

We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a further push up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (55,5,3) is seeing major support above 3.3% where we’re seeing a corresponding bounce from along with good upside potential. Buy below […]