Risk Rebound to be Short-Lived, Yen Crosses Stay Bearish
Yen strengthens broadly today again as the pull back lost momentum. After all the words and rhetorics, US-China trade war is still in progress for escalation. Yesterday’s early selloff in risk markets might be overdone. But current recovery doesn’t indicate...
Markets Dancing To The Presidential Trumpet
The last 36 hours left me feeling like the poor guy in a Western movie, jumping up and down in a circle of cowboys who are shooting at his feet. That perverse cowboy jig is a similar one the world’s...
China willing to accept higher pain threshold in trade war, Bank of America analyst says
Employees close a valve of a pipe at a PetroChina refinery in Lanzhou, Gansu province. Stringer | Reuters China’s plan to put tariffs on U.S. crude oil shows it is willing to take more economic pain in the trade war...
Trading the Falling Wedge Pattern
The falling wedge pattern (also known as the descending wedge) is a useful pattern that signals future bullish momentum. This article provides a technical approach to trading the falling wedge, using forex and gold examples, and highlights key points to...
Risk Off/Risk On – Markets pare Losses from Asian Open
Risk off was the theme to start the day as stocks gapped lower on the open, continuing Friday’s selloff. However, as Trump and China traded tweets during the European session, markets bounced and are now trading higher at the US...
EUR/USD Outlook: Direction Change after Weak German Data But US-China Talks Still Key Driver
The Euro trades in red on Monday after attempts to extend last Friday’s 0.53% advance failed to clearly break above falling 30DMA (1.1152). The single currency came under pressure after downbeat German Ifo data (Aug 94.3 vs 95.1 f/c and...
WTI OIL Outlook: WTI Rose Over 3% on Renewed Trade Optimism
WTI oil bounced on Monday, inflated by fresh optimism after China announced willingness to restart negotiation. Monday’s rally of 3.3% so far, retraced 50% of three-day fall from $57.11 to $52.95, when oil price was depressed by strong warning signals...
Wells Fargo does not see a holly jolly holiday shopping season ahead for retailers
Holiday shoppers at a Target store in Culver City, California. Mark Ralston | AFP | Getty Images Despite retailers banking on acceleration in the fourth-quarter from holiday sales, Wells Fargo said fundamental trends have deteriorated. “While the majority of companies...
Sentiments Stabilized after Trump Toned Down Trade Tension, Dollar Firmer
Sentiments stabilized a lot after US President Donald Trump toned down his rhetoric on trade war with China. There appears to be some conversations going on for resolutions. But recovery in stock markets is so far refrained, as tensions could...
EUR/USD: Two Scenarios Likely
During Friday, the EUR/USD currency pair skyrocketed to the psychological level at 1.1150. During today’s morning, the pair was trading at the 1.1130 level. From the one hand, the exchange rate could trade downwards within the following trading session. However,...
Signal2forex.com - Best Forex robots and signals




