Category: Info

EUR/USD extending the gains but may get altitude sickness

The EUR/USD extends its gains after Draghi’s not-so-dovish Draghi and weak US inflation.  The US consumer is at the center of attention today.  The charts show that the EUR/USD is close to overbought conditions. The EUR/USD is on the rise once again, trading above 1.1700. The move today is a result of the all-important event on Thursday. […]

What’s next for GBP/USD after the recent rally?

The GBP/USD enjoyed optimism on Brexit and also US Dollar weakness following the weak US inflation report. After topping 1.3100, what’s next? The Technical Confluences Indicator shows that cable faces significant resistance at 1.3188 where we see the convergence of the Pivot Point one-month Resistance 1, the Pivot Point one-day Resistance 2, and the Simple Moving Average 100-one-day. Further up, a […]

3 reasons for the EUR/USD rally and levels to watch

The ECB sees risks as balanced and did not cut inflation forecasts.  The EUR/USD got a boost also from Turkey and weak US inflation. The pair eyes levels last seen in July and August.  The EUR/USD is trading at new highs for September, around 1.1670. ECB President Mario Draghi is the primary driver of the common currency […]

US: Initial weekly jobless claims decrease by 1,000 to 204,000

“In the week ending September 8, the advance figure for seasonally adjusted initial claims was 204,000, a decrease of 1,000 from the previous week’s revised level. ” the U.S. Department of Labor announced on Thursday. Key takeaways from the official publication This is the lowest level for initial claims since December 6, 1969 when it was […]

Super Thursday Live Coverage

The Bank of England the Central Bank of the Republic of Turkey, the European Central Bank and US inflation are all concentrated within a short period of time. After Turkish President Erdogan reiterated he wants lower rates. The BOE is projected to leave rates unchanged and Draghi will likely be quite dovish. He downed the […]

Bitcoin eyes $6,603 after stabilizing

The 10-year anniversary of the collapse of Lehman Brothers nears. Bitcoin was born on the darkest days of the crisis. While cryptocurrencies are suffering, the granddaddy of the blockchain looks quite stable and has a clear upside target. The Technical Confluence Indicator shows that the $6,533 is the convergence of the Pivot Point one-day Resistance 3 and the […]

EUR/USD waiting nervously for 3 top events

The EUR/USD is trading on higher ground after USD weakness. The ECB decision and also US inflation are set to move the pair. The technical picture is improving for the pair. The EUR/USD is trading in the higher part of the recent tight range, above 1.1600. The US Dollar lost some ground on Wednesday. US Treasury Secretary Steven Mnuchin […]