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EUR/USD & German ZEW Economic Sentiment: Upside momentum for the Euro? 9/13/2016 Today at 09:00 GMT we'll know the German ZEW Economic Sentiment and that data is expected to have major movements in the EUR pairs, as the analysts are expecting an increase from 0.5 to 2.5. Following the Brexit's...

How bond yields influence forex market? 9/12/2016 Let’s talk about so-called “I owe you” documents – bonds. Imagine, an entity (such as governments, municipalities) needs a whaling sum of money in order to cover its growing expenses so it decides to borrow some from commercial banks or even...

Stock market: a whiff of trouble or real trade signal 9/12/2016 U.S. stocks on Friday suffered the worst slide since the UK’s unexpected decision to exit the European Union, with the S&P 500 falling 2.45%.Technically, S&P dropped below 50-day MA. The line is currently in the 2164 area and acts...

USD/JPY: "Window" could bring bullish pattern 9/12/2016 There’s a “Harami” at the local high, which has been confirmed enough. Also, there isn’t any reversal pattern so far, which makes possible an achievement of the nearest “Window”. If we see any bullish pattern in this “Window”, there’ll...

EUR/USD: "Window" waiting for bears 9/12/2016 There’s a support by the 55 Moving Average. Also, we’ve got a “Shooting Star” and a “Harami” patterns, which both have been confirmed enough. Therefore, it’s likely to have another test of the nearest support levels. As we can see on the Daily...

AUD/USD: outlook for Sep. 12-18 9/12/2016 Last week the Reserve Bank of Australia left the benchmark interest rate unchanged at 1.50% and didn’t express concerns with current levels of Australian dollar’s exchange rate. Australian dollar rose on the news, but failed to stay near highs. AUD/USD...

USD/JPY: outlook for Sep. 12-18 9/12/2016 Traders continue trying to guess whether the Bank of Japan will add to its aggressive monetary stimulus. So far the representatives of Japanese monetary authorities spoke much about the necessity of further monetary easing, but gave no hints that the...

GBP/USD: outlook for Sep. 12-18 9/12/2016 Last week economic data from the United Kingdom were mixed. On the one hand, services PMI showed the biggest gain in 2 decades. On the other hand, manufacturing production, a key indicator, suffered in July from a bigger-than-expected decline of 0.9%...

EUR/AUD broke resistance zone 9/12/2016 EUR/AUD broke resistance zone Next buy target - 1.5120 EUR/AUD continues to rise sharply- following the earlier breakout of the resistance zone lying between the resistance level 1.4900 (which reversed earlier waves (ii) and a, as can be seen below) and...

AUD/JPY falling inside intermediate impulse wave (3) 9/12/2016 AUD/JPY falling inside intermediate impulse wave (3) Next sell target - 76.20 AUD/JPY has been falling strongly in the last few trading session inside the intermediate impulse wave (3) – which started earlier – when the pair...

Oil glut can drain oil bulls’ purses 9/12/2016 More supply is coming on to the oil market, with post-sanctions Iran stepping up production, the US adding drill rigs by seven to 414 according to the last week data from industry group Baker Hughes, Saudi Arabia’s rush for profits and never-ending...

GBP/USD: bearish impulse on the way 9/12/2016 Wave (2) was possibly ended last week, so there’s an opportunity to have wave (3) in the short term. Previously, wave [4] was delivered in a form of a zigzag. Therefore, wave (3) is likely going to start soon, so we should keep an eye on 1/8...

EUR/USD: possible wedge in wave (a) 9/12/2016 We’ve got a pullback from 5/8 Murrey Math Level (P=200), so there’s an opportunity to have wave [y] of D in the short term. Also, there’s a zigzag in wave [x]. So, bears are likely going to reach 1/8 MM Level soon. As we can see on the one-hour...

Key option levels for Monday, September 12th 9/12/2016 Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 111 889 ? + 159 181 ? Closest resistance levels 1.1292; 1.1320; 1.1336; 1.1355 Closest support levels 1.1215; 1.1194...

GBP/USD: two "Double Bottoms" in a row 9/12/2016 Bears faced a support at 1.3247, so we’ve got a local consolidation, which is taking place on the four-hours chart. Therefore, it’s likely to see an upward price movement in the direction of a resistance at 1.3302 – 1.3345. However, if a...

EUR/USD: "V-Bottom" led to bullish correction 9/12/2016 The price faced a support on the Moving Averages, which led to form a “V-Bottom” pattern. So, the market is likely going to reach a resistance at 1.1270 – 1.1282 in the short term. However, if a pullback from this area happens, there’ll...

EUR/USD held on the edge of the abyss 9/12/2016 On the daily EUR/USD chart the inability of the bulls to hold the pair above 1.127 provoked an attack of the bears. Support at 1.1206 limited the decline, but if the bears make another attempt to break it, the euro will continue down to 1.113 and...

EUR/USD: outlook for September 12-18 9/9/2016 EUR/USD tested levels above 1.1300 during the past week, but failed to settle at highs. The single currency strengthened as traders were disappointed by the European Central Bank’s decision not to ease monetary policy. The ECB signaled that it is...

US dollar: outlook for September 12-18 9/9/2016 US ISM services PMI showed dramatic decline of 4.1 points in August falling to 6-month low. This together with disappointing nonfarm payrolls and contraction in manufacturing hurt positions of the US dollar bulls. By the end of the week, however...

NZD/CHF reached buy target 0.7220 9/9/2016 NZD/CHF reached buy target 0.7220 Next sell targets - 0.7150 and 0.7100 NZD/CHF continues to decline – following the earlier downward reversal from the resistance zone lying at the intersection of the key resistance level 0.7220 (top of the previous...