In-depth technical and fundamental analysis and forecast for currencies & commodities by experienced financial analysts: EUR/USD, GBP/USD, AUD/USD, EUR/GBP, USD/JPY, USD/CHF, XAU/USD, XTI/USD and more. Currency price movements, support and resistance analysis, major economic events, that affect the formation of exchange rates.
NZD/USD has been continuing its bullish trend since Friday after finding a major support around 0.8125-0.8130 region which is 50% fibo level of last major move from 0.7719 to 0.8524. The pair has already surged more than 100 pips since Friday when this bullish trend was triggered. Price action, [Read more...]
After finding support at 1.3400 last week, EUR/USD pulled back sharply to close the weekend at 1.3550. In order to print fresh highs above 1.3831, the shared currency needs to give weekly closing above 1.3620. Here are some key support & resistance levels for the pair this week. First [Read more...]
Spurred by doomsday scenarios for the euro zone, past two weeks demonstrated flight to safety across the markets as investors dumped risky assets in favor of the safe ones. Equities suffered and Bonds gained, while Forex participants favored USD and JPY to pretty much every other major — [Read more...]
European sovereign debt crisis is reshaping the political scene in the EU. Last week, France elected a socialist president, whose platform included a revision of previously agreed upon fiscal austerity measures. Euro has depreciated 1.28% against the US Dollar since then. People’s discontent [Read more...]
Concerns over Europe are back. Recent parliamentary elections in Greece and presidential elections in France have opened another round of talks over the European currency’s future. Mr. Hollande unlike his predecessor shares no optimism with regard to harsh fiscal tightening, proposed by [Read more...]
With trillions of dollars being pumped OUT of the markets during the crisis and there needing to be a winner for every loser. Where has all the money gone? What if there was a group of the world’s super elite, pumping money in and out of markets in order to control the world? What […]