Блог edlivre
Dollar Soft after Yellen Testimony, Brexit Campaign Enters Final Day
Dollar recovered mildly against Euro and Yen but stays weak against other major currencies after Fed chair Janet Yellen's testimony before Senate Banking Committee. Yellen noted a few risks to law makers including "Brexit". She said that "a UK vote to exit the European Union could have significant economic repercussions". Also, "mixed readings on labor market and economic growth" warranted caution together with "vulnerabilities" in the global economy. Nonetheless, she's optimistic that the headw…
USD/CHF
New strategy :
Hold long entered at 0.9600, Target: 0.9700, Stop: 0.9545
Position : - Long at 0.9600
Target : - 0.9700
Stop : - 0.9545
Failure to extend intra-day rebound and current retreat suggest further consolidation would be seen, however, as long as last week's low at 0.9572 holds, mild upside bias remains for another bounce, above resistance at 0.9643 would signal the retreat from 0.9687 has ended, bring another test of this level, break there would provide confirmation that a temporary l…
Hold long entered at 0.9600, Target: 0.9700, Stop: 0.9545
Position : - Long at 0.9600
Target : - 0.9700
Stop : - 0.9545
Failure to extend intra-day rebound and current retreat suggest further consolidation would be seen, however, as long as last week's low at 0.9572 holds, mild upside bias remains for another bounce, above resistance at 0.9643 would signal the retreat from 0.9687 has ended, bring another test of this level, break there would provide confirmation that a temporary l…
Weekly Review
Yen Picking Up Strength as Markets Enter Second QuarterDollar ended last week broadly lower as positive job data failed to counter the negative impact from Fed Chair Janet Yellen's dovish talks. Nonetheless, overall developments in the financial markets were rather mixed. Stocks ended up high with DJIA closed at 17792.75 and S&P 500 at 2072.28. Both are on track for retesting records highs even though they started to lose moment. On the other hand, WTI crude oil looked like it finally topped out…
Technical Analyses
EURUSD rallies upwardsThe EURUSD pair traded with strong positivity yesterday to begin testing 1.1400 barrier, showing some slight bearish bias affected by stochastic current negativity, waiting to gather enough positive momentum to push the price to resume the bullish bias that its next target located at 1.1494. Therefore, our bullish overview will remain valid and active for the upcoming period supported by the EMA50, noting that breaching the targeted level will extend the bullish wave to rea…
EUR/USD - USD-JPY
The American dollar traded broadly lower against most of its major rivals, as renewed oil's weakness spurred risk aversion across the board, resulting in a sharp decline in worldwide stocks. The TEUR/USD pair advanced up to a daily high of 1.0939 this Tuesday, but was unable to advance further beyond the top of its recent range, easing towards the 1.0890 region, where short term buying interest sent it back towards its highs. In Europe, the EU Producer Price Index in the region fell by 0.8% in D…
EURopean Session: Orders and Options Watch
EUR: Despite intra-day rebound to 1.0792, the single currency has slipped again in European morning, offers are lowered to 1.0785, 1.0800 and 1.0820, more sell orders are reported at 1.0840 and 1.0870, selling interest should emerge around 1.0900 and further out at 1.0950. On the downside, bids at 1.0730 were filled but buy orders are still seen at 1.0700, 1.0685 and 1.0665, more buy orders are expected at 1.0650 (stops below) and 1.0630, mixture of bids and stops is located at 1.0600. Option ex…