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USD/JPY: outlook for November 14-18 11/11/2016 Of course, the US presidential election had a great impact on USD/JPY. Despite the fact that Trump’s victory had been seen as an extremely risk-negative outcome, demand for the yen was short-lived. After the initial panic the market has calmed...

What’s new in the commodity markets? 11/11/2016 Most industrial metals have recently rallied on the Donald Trump’s post-election promise to increase spending on the US infrastructure. According to Goldman Sachs analysts, if Trump manages to fulfill its pledge, prices on steel, iron ore, zinc...

USD/JPY: bulls going to test high again 11/11/2016 The upper “Window” brought a lot of bearish patterns such a “Tweezers”, a “Doji” and a “Harami”. However, all these patterns haven’t been confirmed yet. So, it’s likely to have a downward correction in the short term. As we can see on the...

EUR/USD: "Inverted Hammer" stopped bears for a while 11/11/2016 We’ve got a “High Wave” at the local low, but a confirmation of this pattern isn’t enough. So, the market is likely going to test the nearest support line once again. As we can see on the Daily chart, here’s another “High Wave”...

USD/JPY: overbought market 11/11/2016 Technical levels: support – 105.70, 104.00; resistance – 107.00. Trade recommendations: 1. Buy — 105.70; SL — 105.50; TP1 — 106.50; TP2 — 107.00. Reason: bullish Ichimoku Cloud and rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen and...

EUR/USD: on October lows 11/11/2016 Technical levels: support – 1.0860; resistance – 1.0920, 1.0990. Trade recommendations: 1. Sell — 1.0920; SL — 1.0940; TP1 — 1.0870; TP2 – 1.0840. Reason: bearish character of Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and...

Key option levels for Friday, November 11th 11/11/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 196 635 ? + 229 640 ? Closest resistance levels 1.0920(?); 1.0948; 1.0976; 1.1017 Closest support levels 1.0883...

Morning brief for November 11, 2016 11/11/2016 USD/JPY soared as high as 106.5 compared to 105.15 before the US election. There are at least two reasons that could explain the weakening of the yen. The US yields rose significantly and gave a boost to the greenback. The yen has an inverse...

EUR/USD: wave started 11/11/2016 The market has plunged because of a zigzag in wave D. So, we’ve got a bearish impulse in wave [a]. In this case, there’s an opportunity to have an upward correction soon. The main intraday target is 3/8 Murrey Math Level (P=200). As we can see on the M15...

GBP/USD: bulls going to climb higher 11//11/2016 The price has been moving in a flat range since the downtrend was broken. Therefore, the market is likely going to reach a resistance at 1.2677 in the short term. If bulls be stopped here, there’ll be an opportunity to have a bearish movement...

EUR/USD: "Double Bottom" highlights possibility to have correction 11/11/2016 Bears faced a support at 1.0882, so we’ve got a consolidation in progress. Also, there’s a “Double Bottom” pattern. So, the market is likely going to rise towards the nearest resistance at 1.0945 – 1.0991. If a...

China’s mortal fear after the US election 11/11/2016 The yuan slumped to a 6-year low on the growing concerns over spoilt relationships between China and more protectionist US under Trump’s presidency. Throughout the presidential race Trump threatened to impose tariffs at about 45% on Chinese...

USD/JPY & Michigan Consumer Sentiment (Nov): Doing a top around 107.00 soon? 11/11/2016 Today at 15:00 GMT will be published the Michigan Consumer Sentiment for November, which is expected to have a slow increase from 87.2 to 87.5. While this indicator is mostly marked by some economic calendar...

EUR/USD: Elliott wave analysis 11/10/2016 It seems like we’re going to have a zigzag in wave E of (X). In this case, wave of E is likely going to start soon. The main intraday target is 3/8 Murrey Math Level (P=200). As we can see on the M15 chart, the current bearish impulse in wave [a] is...

Key option levels for Thursday, November 10th 11/10/2016 EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 561 747 ? - 253 478 ? Closest resistance levels 1.0957; 1.0979; 1.1003; 1.1039 Closest support levels 1.0876...

Trump win might bring great changes to the European continent 11/10/2016 It seems that Trump win marks the beginning of the “far-right” curve. Surprising Republican victory showed the readiness of electorate to significant political shifts. The next opportunity for people to express their...

GBP/JPY broke resistance zone 11/10/2016 GBP/JPY broke resistance zone Next buy target - 134.00 GBP/JPY continues to rise inside the (c)-wave of the minor ABC correction 2 from the start of October. The price earlier broke through the resistance zone lying at the intersection of the resistance...

EUR/USD falling inside minor impulse wave 11/10/2016 EUR/USD falling inside minor impulse wave Next sell target - 1.0850 EUR/USD continues to decline inside the minor impulse wave (iii) – which is a part of wave 3 of the intermediate downward impulse wave (3) from the start of May. The price...

Forecasts for USD/JPY from banks 11/10/2016 Credit Agricole suggests buying USD/JPY from 103.09 with a stop at 99 and target at 110. Here is the rationale: The US unlike the UK will be dealing with its trading partners from a position of strength; The US economy can benefit from Trump’s...

Is Trump good for business? 11/10/2016 Despite the negative forecasts that the US stocks will slump if Donald Trump is elected president, S&P 500 jumped by more than 1% on Wednesday. Why were the stocks cheered up so much by the billionaire’s rise to political power? Here are several...