EUR/USD dropped to lower ground, but gradually recovered, holding onto known ranges. The German elections provide a strong start to the week, which continues with inflation figures and other data. Here is an outlook for the highlights of this week. German elections: Sunday, results are due before markets open in Asia.All in all, a victory for Merkel would be positive for the euro, but this is mostly priced in.German Ifo Business Climate ...
Breakout Systems (indicators and the EA) from premium section -
Chinese traders joking ... I found the thread in Chinese language with backtesting results and with some comments. ---------------- "To interpret this graph - take a look at the test history from the start and to the end time of testing, and look at this delightful amplitude/time line": ---------------- "Since 1971? My sister was born at this time, now she is almost 50 years old. Since foreign ...
Though GBP/USD sliced right through 1.3450 like a hot knife cutting through butter, the bigger wave picture is still intact. Despite the Bank of England and market participants believing a rate hike is coming, the technical picture for GBP/USD is not as rosy. We believe Cable is in a terminal wave at three different degrees of trend. This suggests a reversal may be looming overhead. The Elliott Wave model we are following points our trend ...
Trading the News: Canada Consumer Price Index (CPI) Another uptick in Canada’s Consumer Price Index (CPI) may rattle the near-term rebound in USD/CAD as it puts pressure on the Bank of Canada (BoC) to deliver another rate-hike over the coming months. The BoC may continue to implement higher borrowing-costs as ‘the level of GDP is now higher than the Bank had expected,’ and Governor Stephen Poloz and Co. may prepare Canadian ...
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