Bitcoin fell again on Monday, as we are starting to see a bit of a pattern, the weekend which features mainly retail traders, will gain. However, once the institutional traders come back in, you see a lot of selling. BTC/USD Bitcoin fell on Monday against the US dollar, reaching back towards the $8000 level. I…
Short-term bears have the upper-hand on ES futures, as long as the market remains below the downtrend line on the daily. The line is the obvious bullish target and location of stops. Source: investing.com
Previous: On Monday the 16th of April, trading on the euro closed up. The euro started rallying as trading got underway in Europe. The main reason for this was the universal decline of the US dollar, brought about by America’s military action in Syria. Despite this, markets opened relatively peacefully. One thing I don’t understand is…
The EUR/USD is back to the well-known trading range after a short-lived move to the upside. The disappointing German ZEW figure casts another shadow over euro-zone growth. The technical picture is slightly bullish, but the range may remain the king. The EUR/USD is trading around $1.2380, balanced on the day. However, this does not tell the whole story….
While it’s no solace to equity investors at the moment, the fact that volatility has only been in stocks in the past two months is good news. As you can see from the chart below, the S&P 500’s volatility increased in early February, but the dollar, commodities, and extended duration treasuries had normal volatility. Stocks Alone In…
AUDUSD remains in the uptrend from 0.7642, the fall from 0.7809 could be treated as consolidation for the uptrend. As long as 0.7738 support holds, the uptrend could be expected to resume and a breakout of 0.7809 resistance could trigger further upside movement towards 0.7850. However, a breakdown below 0.7738 support would indicate that the…
EUR/CAD was trading bearish the last few days, but I still see it as a three-wave a-b-c correction where we can clearly see an Elliott wave ending diagonal pattern within wave v) of c. The first evidence of a reversal would be a break above 1.5630, but bulls would be confirmed only above 1.5815. EUR/CAD, 1h…
EUR/CAD was trading bearish the last few days, but I still see it as a three-wave a-b-c correction where we can clearly see an Elliott wave ending diagonal pattern within wave v) of c. The first evidence of a reversal would be a break above 1.5630, but bulls would be confirmed only above 1.5815. EUR/CAD, 1h…
The Russian ruble tumbles on fresh US sanctions. Meanwhile the Russian central bank chief and other officials tried to soothe investor nerves as the U.S. sanctions targeted some of the large companies in Russia. The ruble fell to 63 to the U.S. dollar losing about 4.5 percent on April 10 which marked the biggest decline…
The world’s second-largest economy China sustained strong economic momentum in the first quarter of the year. The economy expanded at 6.8 percent year-on-year in the first quarter, same as the last quarter of 2017 and the 6.8 percent projected by analysts. Retail sales rose 10.1 percent in March, better than the 9.7 percent forecast. While…
