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EUR/USD's rebounded last week indicated short term bottoming at 1.2246. Further recovery could be seen back to 1.2599 resistance. Considering bullish convergence condition in daily MACD, break of 1.2599 will be the first sign of medium term bottoming and bring stronger rebound to 1.2886 key resistance next. On the downside, break of 1.2246 is needed to confirm fall resumption. Otherwise, we'd expect more corrective trading ahead. ...
• This Week Was A Stark Reminder Of How Fast Good Stock Markets Can Turn Bad (Business Insider) but see It’s the waiting part that’s hard (Above the Market) • ‘My seven biggest investment regrets’ (Telegraph) • 122 Things Everyone Should Know About Investing and the Economy (Fool) • Some Cheerful Signs in the Labor Market, Even for Those Not Now Looking (NYT) • The spending bill includes a huge insurance industry giveaway too (Mother Jones) see ...
Although there has been much press recently about the US Dollar loosing its status, there is no doubt that as of this lesson and most likely for the foreseeable future, the US Dollar still reigns supreme over all other currencies of the world. The price for the majority of traded commodities such as oil is quoted in US Dollars and the US Dollar represents over 60% of the worlds currency reserves (the currency held by central banks to back their liabilities). These facts combined with the fact that ...
UniKagiStrategy_v2.1 600+ indicator ---------- UniKagiStrategy_v2.1 600+ indicator was created for Premium Trading Forum. This is UniKagiStrategy indicator where the DB_Strategy algorithm was applied to the Kagi Chart. All kinds of alerts were added to this version. The indicator is working for MT4 build 600 and above ---------- You need to subscribe to Premium ...
Near-term, Deutsche Bank thinks that the recent pause in EUR/USD drop could extend into year-end with market positioning very extended, real yield fair value still in the high 1.20s, and ECB expectations running ahead of what was delivered at its December meeting last Thursday. Going out to next year, DB sees more downside to the currency with the risks being skewed to greater, rather than lesser weakness. DB outlines 3 reasons behind ...