Where Usdchf are Headed in the next period usdchf consolidating for more than three months across a technical retrenchment zoneYou may notice, the technical format of the triangular formation reflect at the chartmove above 0.9720 – 0.9860 opens a clear bullish sign area could trigger further bullish pressure to higher levels such as 1.12move below 0.9330 – 0.9260 opens a clear bearish sign area could trigger further bearish pressure to…
usdtry by the numbers USD/TRY briefly climbing to 2.777 area, and most government bond yields rising up to 27bps. investor are concerns about security situation Meanwhile, there were comments from Finance Minister Simsek, who said” that while productive talks on coalition with CHP were going on, AKP actually did not see a partner for it, adding that the likely Fed monetary tightening…
How Low Can Kiwi Go? New Zealand dollar Reserve Bank cut the official cash rate by 25 basis points last week“While the currency depreciation will provide support to the export and import competing sectors, further depreciation is necessary given the weakness in export commodity prices,” Mr Wheeler said yesterday in the statement”.An interest cut would normally deter investors due to lower…
2 facts about eurusd that will improve your trading eurusd was pushed lower after failure to break above 1.1460 levelIn the long term, a projection target stay under 1.00, proving that a bearish breakdown of the monthly demand level at 1.0550 occurs.Multiple ascending bottoms were established around the levels of 1.0460, 1.0550, 1.0640 ,1.0720-80 ,1.0820-90. These levels corresponded to the…
Usdcad price by the Numbers…. Published on12/29/13 5:33 AMPacific Daylight Time“CAD pair has long shufflesSince 2009 until now traded in a narrow strip since determined the Depression in 2007 at0.89In 2002, a record 1.62 inNow faces a resistance band in the 1.08 to 1.09If break this level then heading to the 1.14, when the target is set in 1.27″ 04.01.2015As…
how low/high can eurtry go ? At the beginning of 2014 we saw the eurtry reached to high records above 3.20 levelSince then he went down to 2.60 at January 2015Closer look on the charts show us couple things:The EURTRY pair is struggling to break above the strong resistance zone of 2.89 – 2.90, previous support level provide a significant…
4 Reasons You Should be Talking About Oil Crude Oil fell toward $50.54 a barrel ,yesterday ,there is so many reason for the large volatility in the market China’s stock market plunge , Greek debt crisis those 2 problems raised the possibility of weaker economic growth that could hit oil demandDon’t forget Iran- In Vienna until Friday there is negotiate for an agreement…
china markets :The same pattern as 2007-2008…… Shanghai shares closed down nearly six percent Friday, lost almost 30 percent from the pick on June 15,200 pointschina’s government relaxing rules on margin trading have failed to arrest the declines, margin loans have increased more than fivefold in a year to 2.2 trillion yuan ($350 billion).” china’s securities regulator has pledged to…