World

Tesla stock (NASDAQ:TSLA) is in a strong uptrend; though price is currently experiencing a strong pullback. The pullback is not yet significant enough to override the recent bullish outlook on the market. Price consolidated from September to December 2016, and then started to rise upwards. After the market went above the upper Trendline, it trended […]

Last night’s speech by Donald Trump at a joint session of congress was his biggest and most important speech to date, but from a market point of view, it was a damp squib. Much had been made about the potential for huge moves in the US dollar as Trump was finally set to outline his […]

The EUR/JPY dived by over 180 pips last week, closing below the supply zone at 118.50 on Friday. There is a clean Bullish Confirmation Pattern in the 4-hour chart, and further dive is possible this week, which may take price towards the demand zones at 118.00, 117.50 and 116.50. EUR/USD: The EUR/USD is in a […]

Here’s the market ouatlook for the week: EURUSD Dominant bias: Bearish This pair went south last week, testing the support line at 1.0500, and then bouncing upwards on Thursday and Friday. The upwards bounce would turn out to be a good selling opportunity because price is expected to trend further downwards this week, reaching the […]

The FED officials have announced that they might need to increase the interest rates ‘’fairly soon’’ if the US economy stays strong. USD and EUR:  Yesterday, the US dollar was seen at its lowest level in seven weeks; with the prices accelerating the downward trend with the FED’s announcement and minutes after, the dollar saw […]

As we already know, the OPEC members have finally agreed to cut production in November; followed with the non-OPEC countries in December 2016. For the moment, the deal is valid for six months but there is more supply in the world than the oil itself, evidently effecting the oil prices. For this reason, the agreement […]

Twitter shares (NYSE:TWTR) are far from being an attractive market right now. Price has been quite choppy in the last several months, and this kind of situation may continue. The ADX period 14 is below the level 20, indicating trendlessness in the market. The DM- is above the DM+, showing that bears seem to have […]

FTSE 250 stock (FTSE:MCX) is a bull market. In fact, price has been going upwards since December 2016, following the trendless and choppy market conditions that were witnessed in the months before December 2016. Price is currently above the EMA 21, which has been sloping upwards since December, supporting a clean bullish outlook on the […]

The US dollar has started this week by losing its ground and has created a different interaction on global markets. The dollar index was 0.05% down at 100.84 at 02:45 ET. The EU political risk depreciated the dollar against the Yen by pushing down Treasury yields to one-week lows of 2.4%. Furthermore, GBP was flat […]

It’s been a busy week yet again with big moves on many of the major markets, and yet again a lot of these moves have been generated by the uncertainty created by President Trump and the latest news out of his administration. With the resignation of Michael Flynn to his scathing media attack yesterday it […]