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GBP/USD fell more than 800 pips in three weeks, as U.S. dollar turns positive on the year. Weak economic data, dovish BOE and recent political developments are among the drivers on the U.K.'s side of equation. The pair is taking a pause ahead of the 200 DMA and 1.35 figure as we await on U.S. labour market report for April. Momentum suggests further losses but a potentially sharp correction is to be expected at some point.
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Tax cut bill
Today, the tax cut bill has past.
Please be cautious at the sunday night open.
This is going to have a big impact on indices and the forex markets.
How is this going to shape markets in 2018?
1 Thing is for sure: volatility is back! Now that the some uncertainty has been taken out of the markets and we can go for a certain direction.
~~MyHedge~~
Please be cautious at the sunday night open.
This is going to have a big impact on indices and the forex markets.
How is this going to shape markets in 2018?
1 Thing is for sure: volatility is back! Now that the some uncertainty has been taken out of the markets and we can go for a certain direction.
~~MyHedge~~
USD/CHF rises above parity level
USD/CHF retraced more than half of the 800-pip rally that it had recorded after the U.S. election. A lot will depend on politics, in both U.S. and Europe, this year but as long as SNB keeps interest rates low, the pair will remain supported.
500-pip pullback bottomed just below the top of last year's channel, near 200 DMA. The pair is now back above parity level with 50 DMA the next target. Stronger demand may start coming in between 0.995 and 1.00.
500-pip pullback bottomed just below the top of last year's channel, near 200 DMA. The pair is now back above parity level with 50 DMA the next target. Stronger demand may start coming in between 0.995 and 1.00.
Joint webinar by 'Docdow' and 'Jignesh' January 19, 2017
@Docdow @Jignesh
MY visit to the UN
The United Nations (UN) is an intergovernmental organization to promote international co-operation. A replacement for the ineffective League of Nations, the organization was established on 24 October 1945 after World War II in order to prevent another such conflict. At its founding, the UN had 51 member states; there are now 193. The headquarters of the United Nations is in Manhattan, New York City, and experiences extraterritoriality. Further main offices are situated in Geneva, Nairobi and Vie…
USD/RUB political game
Never really paid attention to USD/RUB! Just out of interest checked the dates of last major political events involving Russia. This is just too obvious! First time it is a 12% decline of a RUB and now already another 45%. I think I know what I am doing next time there is something like that coming out on media!
I can't see where it is going! 60.00 or 70.00? 75.00? Any ideas? Another event and 100.00?
I can't see where it is going! 60.00 or 70.00? 75.00? Any ideas? Another event and 100.00?
Independence Day
Hello,Everybody!
Today is Independence day of Latvia!
18 of November.
Some people celebrate it, some none.
What about me? I respect country where i live part of my life. (Im not born here, my birth place is Middle Asia if you read my blogs, you know).
So this is national holiday.
But today I stayed at home, finishing my work.
I on the way to finish editing one creative film for Latvian Museum of History.
Premiere will be on January, but this film should be finished by this days.
Talking…
Today is Independence day of Latvia!
18 of November.
Some people celebrate it, some none.
What about me? I respect country where i live part of my life. (Im not born here, my birth place is Middle Asia if you read my blogs, you know).
So this is national holiday.
But today I stayed at home, finishing my work.
I on the way to finish editing one creative film for Latvian Museum of History.
Premiere will be on January, but this film should be finished by this days.
Talking…
The difference
One day a florist went to a barber for a haircut. After the cut, he
asked about his bill, and the barber replied, 'I cannot accept money
from you, I'm doing community service this week.' The florist was pleased and left the shop.
When the barber went to open his shop the next morning, there was a 'thank you' card and a dozen roses waiting for him at his door.
Later, a cop comes in for a haircut, and when he tries to pay his bill,
the barber again replied, 'I cannot accept money from you, I'm doi…
asked about his bill, and the barber replied, 'I cannot accept money
from you, I'm doing community service this week.' The florist was pleased and left the shop.
When the barber went to open his shop the next morning, there was a 'thank you' card and a dozen roses waiting for him at his door.
Later, a cop comes in for a haircut, and when he tries to pay his bill,
the barber again replied, 'I cannot accept money from you, I'm doi…