Stock Markets Technical analysis update Has the crash reached financial markets and a new era is ahead of us? US Stocks rose yesterday after the release of strong quarterly results helped the market recover from last week’s sell-off. Dow Jones surged more than 500 points, S&P 500 gained up more than 2 percent, Nasdaq advanced almost 3 percent. major large-cap…
Stock Markets Technical analysis Has the crash reached financial markets and a new era is ahead of us? Global stock markets staged a mild rebound on Friday, one day after big losses sparked by heightened economic concerns, notably over rising US interest rates that have drawn attacks from President Donald Trump on his fed central bank.Dow Jones, S&P 500 and…
Stock Markets Technical analysis us stock exchanges closed last day as sharp declines as the leading technology index, Nasdaq, plummeted 4.1%, the worst day since June 2016. The Dow Jones Industrial Average fell 3.1%, the sharpest since February and the S & P 500 fell by 3.3%, the sharpest decline since February, and the VIX index, which measures market volatility…
Stock Markets Technical analysis SP 500 NASDAQ and DOW JONES drop down hard after settled new record, are we going to get a false breakout or its only a healthy correction for the last move –The markets set new highs after the big correction at the beginning of the year, where are they headed from here? Looking at the NASDAQ index you…
GBP USD TECHNICAL ANALYSIS The Pound cross down 1.3020 level but recover and continues to keep prices above the 1.30 level, last week the sterling went down till 1.2920 price level and closed the week gaining above 1.30on 1.3117 ,Reuters posted a piece regarding comments from an unnamed EU diplomat saying that the EU and Britain are very close to…
Turkish lira analysis TURKEY inflation rates soared to nearly 25 percent, latest data and political issue (American pastor that’s been detained in Turkey on terrorism charges could be released next month.The trial will take place on 12 October – The odds are now much more of a 50/50 probability event that has been the case ahead of previous hearings) only deepen the growing currency crisis…
GBP USD TECHNICAL ANALYSIS The Pound continues to keep prices above the 1.30 level but will it continue?Today we have the US interest rate announcement – an important figure in itself that will affect the entire Forex market and probably the pound,other than that the main driver of Sterling’s recovery is a more promising outlook for Brexit negotiations: even though…
Turkish lira analysis Turkish lira had become the world’s most unstable currency this year but is becoming more stable with volatility falling towards levels last seen prior to a political crisis with the United States in early August. Turkish lira traded at levels of the volatility of below 30 percent on Monday, down from around 80 percent just a few…
EUR USD Technical Analysis EUR/USD succeeded to take out 1.15 support, break up again on daily basis 1.1760-price level will confirm medium term rally resumption and target next key at 1.1860 and even 1.2080 However, sustained price below will extend the consolidation pattern from 1.2091 with another decline through 1.1350 support- break again last lows will confirm for more downtrend…