Currency

Yesterday Federal Reserve chair Janet Yellen delivered the semi-annual testimony on US monetary policy outlook. Overall Yellen stuck with her previous message from January repeating that the Fed expects to raise rates in the coming year if the US economy continues to perform. Yellen did point out that the Fed needs more clarity on the […]

Ebay shares (NASDAQ:EBAY) have been trending upwards since the last several months. The market is in a clear uptrend and this is what is supposed to happen most of this year.   4 EMAs are used for this analysis, and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA […]

After all the tensions between the world’s two largest economies, Donald Trump and Xi Jinping, Donald Trump has accepted to commit to the ‘’One China” policy. In ‘’One China’’ policy, there is only one state called China, even though the existence of two governments which claim sovereignty. In addition, any country looking to establish diplomatic […]

The European Commission has projected an expansion of 1.5% for the UK after initially suggesting just a 1% growth, seemingly backing the pound for 2017. After initial fears of Brexit causing harm to growth in the UK, they have appeared to have back tracked and now state ‘growth has yet to be affected’. 2016 ended […]

The EUR/JPY trended downwards from Monday till Wednesday, and started going upwards on Thursday, before it got corrected on Friday. The medium-term bias is bearish, and further bearish movement is possible, which may see the market testing the demand zones at 120.00 and 119.50. On the other hand, a strong rally may happen soon. EUR/USD: […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards last week, going below the resistance line at 1.0650. The movement so far this month is essentially bearish and there is a possibility that further bearish movement would continue to hold out, as the support lines at 1.0600, 1.0550 and […]

The Organization of Petroleum Exporting Countries; OPEC is an intergovernmental organization of 13 oil exporting countries from around the world. The aim of the organization is to coordinate and consolidate the energy policies of its Member Countries and guarantee the stabilization of oil markets. This way, OPEC will be able to protect the efficient supply […]

President Trump yesterday managed to excite financial markets as he announced “something phenomenal” on taxes in in the next two or three weeks in a meeting with US airline executives. During a press briefing later on in the day with the White House Press Secretary, Sean Spicer confirmed the package will be “comprehensive” and that […]

AUS200 Dominant bias: Bearish The market was mostly bearish in January, and that was strong enough to bring about a bearish outlook on the market. Although volatile, price has not trended significantly in February, but it is more likely that further bearish movement would be witnessed. The current bearish outlook would remain valid until price […]

With no first tier economic data out of Europe and North America, EURUSD direction will be dictated by political developments in the continent especially in France where the conservative presidential candidate Francois Fillon was pressured to quit as well as Marine Le Pen now leading the pack which will come under close scrutiny from investors. […]