
For the IRS, government shutdown ‘could not have come at a worse time,’ report says
The longest government shutdown in history could not have come at a worse time for the IRS, the National Taxpayer Advocate has told Congress. The IRS was heading into its first filing season under the massive new tax law when...

USD/CHF Nearing a Make-or-Break Test of Resistance
If you had checked USD/CHF’s exchange rate at Friday’s close and a mere 30 minutes after Monday’s open, you wouldn’t think anything was amiss…at least if you didn’t have any stop losses within 100 pips! As the charts show (and...

RBNZ May Appear Dovish, But Not Enough to Satisfy the Bears
The Reserve Bank of New Zealand (RBNZ) will conclude its policy meeting on Wednesday, at 0100 GMT. Governor Orr will hold a press conference an hour later. In the wake of some disappointing employment data, traders have sharply ramped up...

Reserve Bank of New Zealand (RBNZ) – What to Expect
The Reserve Bank of New Zealand is expected to keep its benchmark interest rate at +1.75% this evening (08:00 pm ET). Many expect Governor Orr to join the RBA with a more “dovish” statement this go around, and in contrast...

GBPUSD – Risk of Fresh Weakness Rises after 100SMA Capped Recovery Attempts
Recovery rally from new three-week low at 1.2832 that commenced in early European trading on Tuesday, showed signs of stall in early hours of American session, as broken 100SMA (1.2890) managed to cap corrective action. In my morning forecast I...

Risk Appetite Extends, Swiss Franc Decline Accelerates
Swiss Franc is overwhelmingly the weakest one today with fresh selling in early US session. While Japanese Yen is also weak, it’s a relatively distant second. Both are pressured by extended rebound in global stocks. Meanwhile, additional pressure is seen...

EURAUD on Slippery Slope; Bears Break 1.5900
EURAUD is retreating near 1.5900 below the 23.6% Fibonacci retracement level of the upleg from 1.3625 to 1.6558, approaching the mid-level of the Bollinger Band (20-simple moving average) in the daily chart. Over the last month, the price has been...

‘Maximum uncertainty’ will turn into big buying opportunity, Wall Street bull predicts
One of Wall Street’s biggest bulls says the market is “at the point of maximum uncertainty” that could morph into one of the best buying opportunities of the year. “The economy is not slowing the way people fear. That’s where...

Seven options for Lebanon as economic crisis deepens
1. Default Lebanon needs to substantially reduce its gross public debt, which stands around $85 billion; with ongoing political and economic stagnation, it can neither grow nor inflate out of the problem. Restructuring is the only option. External debt is...

Using Margin in Forex Trading
Margin is the minimum amount of money required to place a leveraged trade. Closely linked to margin is the concept of margin call – which traders go to great lengths to avoid. Not knowing what margin is can turn out...