Is the Pound Dollar facing a multi-year trend change? A nightly level occurred in the United States when two other Republican senators announced they were withdrawing their support for Trump’s health reform, effectively eliminating the president’s chances of passing the reform he has promoted in recent months. For his ability to carry out other reforms such as tax reform or…
What is the trend and where is the USD CAD heading ? Earnings season begins this week with three of the biggest US banks due to release their second quarter numbers. Citigroup (C), JPMorgan Chase & Co (JPM) and Wells Fargo & Co (WFC) will set the pace with results due on Friday.US banks enjoyed a boost after the Federal…
An analysis of the upward trend in stock exchanges in recent years Last week we saw some movements in the markets, will those corrections continue, or it is just a little break before new records I wrote many times during the last two years on the similarly situated in the markets who remind me 1999, you can see here all the story The story for 2017 : 2017 Recession…
EUR/USD price technical analysis update According Mario Draghi, President of the ECB, at the ECB Forum on Central Banking, Sintra, 27 June 2017 there are parameters to improving economic conditions, we have now enjoyed 16 straight quarters of growth, with the dispersion of GDP and employment growth rates among countries falling to record low levels. If one looks at the…
Turkish lira technical analysis forecast Will third time lucky in Turkish lira price past and future Applies Again?Look closely at the chart I attached this post Pay attention to the cross line strips: Two times in the past in 2014 and 2016 there is similar behave – if I’m reading the map right and trying to project what is currently…
USD TRY – Turkish Lira Price Technical Analysis Forecast 2017 opened with massive movements on currency markets, with an impressive strengthening of the dollar against all currencies, After the Turkish lira almost reached to 4 against the USD we saw a recovery in the try. After the Turkish lira almost reached to 4 in the beginning of 2017 yesterday we…
Canadian Dollar Technical analysis forecast update This pair is my favorite pair – we achieve 3600 pips over the year’s on the usdcad We start to analyze usdcad when is faced with break point in 2013Couple of months I did not talk about usd cad pair, but after yesterday announcement and tomorrow- fed rate we need to be ready to…
Sterling British pound rates analysis due the upcoming elections The main event this week is the UK’s General Election. Voting takes place on Thursday, June 8th, with an exit poll due shortly after 22:00 (BST) and results to filter through over Friday morning. When Theresa May called the snap vote on April 18th, the pound rallied from just above the $1.25…
markets forecast technical analysis update Im wrote many times during the last two years on the similarly situation in the markets who remind me 1999 , you can see here all the story i thought we need to get some corrections before continuing upper levels , but there was only small pick for two days to test lows and recovers…
GBP/USD cross up 1.30 price level, technical analysis forecast update So many words were written here about the GBP/USD – What will happen to the Pound after Brexit? GBP/USD has cleared resistance the 1.3000 level today, reaching the level since late September 2016 due to good data: UK Retail Sales volume surged 2.3% in April, compared to the consensus forecast for an…