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Goldman Sachs forecasts UK recession in 2017, downgrades global growth forecasts "First, the UK terms of trade are likely to deteriorate, especially if it becomes harder to export high-value added services (including financial services) to the European Union," the note said. "Second, the uncertainty about the long term is likely to weigh on UK growth in the short term as firms hold off on investment...Third, outside the UK ...
Daily price is on bear market rally within the bearish condition: the price is testing 96.70 resistance level together with 200-SMA for the reversal to the primary bullish market condition:
H1 price is on ranging within 1.0494 resistance and 1.0447 support level waiting for the direction of the strong trend to be started. If the price breaks 1.0494 resistance to above so the intra-day bullish trend will be resumed. If the price breaks 1.0447 support level so the primary bearish market condition will be started.
In the meanwhile, don’t expect the market to settle down in the near-term, or really any time soon. What this means is that recent trends are likely to persist; it’s too early to catch the falling knife or attempt to be a hero. One such way to gain an edge is to monitor retail crowd positioning (analogous to commercial hedgers in the futures market), as the crowd has consistently been on the wrong side of these recent big moves. The fact that the retail ...
5 Big Forex Mistakes Small Investors Make "Some $5 trillion daily move in foreign currency trading (aka forex), and that is a number that dwarfs the amount of money traded on stocks (said by some experts to be under $100 billion daily counting all exchanges). That is a huge pot of dough and here's the reality: small investors are very much welcome and rewards can be huge." "That's because most trades involve leverage - a ...
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