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...
Forex Spreads Trading Strategies & Tips
This article will explore top forex spread trading techniques and key tips traders should follow to protect themselves against a widening spread. The forex spread is the difference in price between the bid (buy) and the ask (sell) price. The...
GBPUSD Breakdown Continues
The British pound has continued to slip lower against the US dollar during the European trading session, with the pair touching a three-week trading low. The 1.2830 level is now key support, with near-term weakness in the GBPUSD pair expected...
Japan – the view from the top: Kentaro Okuda, Nomura
It is widely held that Japan’s retail brokerage model is under great pressure – perhaps irredeemably broken. Nomura is the biggest name in the sector. It still has a peerless distribution network, but there is a nagging sense that it...
May To Address Parliament | Gold Defends Its 1300 Mark
The possibility of another US government at the end of this week is keeping many risk lover investors at the bay. No one wants to see another government shutdown, especially after a historic one which wasn’t too long ago. These...
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