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EURUSD Likely to Have Another Bullish round...

The NonFarmPayroll report was what the market was looking forward to, for the whole of last week and it came in at a much weaker than expected value of 138K and the wages report also came in weaker than expected. We also saw that the previous numbers were also revised lower and overall, it was a disappointment for the dollar bulls. But, it was not a wholesale disaster as yet and this still keeps the door open for a rate hike from the Fed when they meet in the middle of the month but the report w…
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EURo set to fall amid election result chaos

THE euro could fall this week as the outcome of the March 15th Dutch election threatens to cast more doubts over the future of the EU.
Although last week’s European Central Bank (ECB) meeting gave the euro a boost, uncertainty about the next Prime Minister of the Netherlands has unsettled the currency.
Recently the euro was able to hit multi-week highs against the pound and US dollar as investors judged that the odds of an election victory for Dutch populists had fallen.
Much of the election cov…
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Will FED increase interest rate tomorrow?

After years of waffling over economic progress and devising reason after reason not to hike, central bank officials from Chair Janet Yellen on down are finally ready to pull the trigger.
"Market participants know that the Yellen Fed is super-careful and would not move ahead on hiking earlier than was evidently required unless it was very confident in the outlook — this endorsement can boost confidence and coordinate expectations to a stronger world."
Just two weeks ago, the market was putting a …
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EUR-USD effect on the ECB interest rate

Dear contest traders.... In less than 2 hours time, we will know the effect on the Eur-Usd pair of the ECB monthly interest rate
decision and the ECB governor Mario Draghi. Is it going to continue the bullish trend of the latest days....or it will be a return
point downside again for the European Currency? Me personally...i'm bullish this time. if so...the first resistance level is 1.0880 and if stronger upside trend, the second resistance level is 1.0970 What do you think about it....??
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GBP's retracement

British Pound is struggling to overpass the 1.28 level....so...i think that will retrace instead at 1.2450 level
based on daily chart 50 SMA support level. So i think that is plenty of room still, for an GBP-USD shorting position.
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Is it EUR-USD parity a matter of time already?

Dear traders...and contest members...
Wanted to discuss with you, and to know your opinions about the rumours of EUR-USD parity level in a
near period of time. Is it really going to happen....and if YES...is it going to happen before this year ending?
In my opinion...if FED is going to raise interest rate next month...than...is very likely for this EUR-USD parity level to
finally become a reality. Nobody will have thought about it...before US Presidential Elections...but here we are...
and the U…
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VALTRAD avatar
VALTRAD 18 Nov.

Когда все ждут паритет, его не будет. Когда большинство забудет об этом, падение и случится. Возможно после 1,22.

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Japan's Three Biggest Banks Declare Yen's Depreciation Is Over

Japan’s megabanks are calling time on the yen’s four years of depreciation, a blow to Haruhiko Kuroda’s chances of reviving inflation and growth.
Bank of Tokyo-Mitsubishi UFJ Ltd., Sumitomo Mitsui Banking Corp. and Mizuho Bank Ltd. all see the yen ending the year stronger than where it started. And all three have revised up their 2016 forecasts as the yen gained 6.7 percent in the first two months of the year.
The biggest expansion in Japan’s current-account surplus relative to the economy for a…
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It's Getting Harder for Currency Traders to Make Money, Market

The $5.3-trillion currency market is getting harder for traders to make money in as price changes that once took months or weeks now happen more quickly, says Hugh Killen, Westpac Banking Corp.’s head of trading for foreign exchange, fixed income and commodities.
Liquidity is drying up because investors and banks are shying away from taking risk, and that makes for sharper, quicker currency turns, said Killen, whose career in financial markets spans 27 years and positions in Sydney, London and N…
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Miners Surge Into a Bull Market to Lead Europe's Stock

A rally that pushed miners toward a bull market and better-than-estimated corporate earnings sent European stocks to a two-week high.
Commodity producers erased this year’s losses, up 27 percent from last month’s low, to lead the rebound in the Stoxx Europe 600 Index, which gained 2.6 percent at 4:32 p.m. in London. Glencore Plc rallied 15 percent after saying it signed new loan commitments.
Automakers posted the second-best Stoxx 600 performance, helped by a weakening euro. Credit Agricole SA j…
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Even Most Bearish Calls on European Stocks Are Still Bullish


Investors may be yanking out money from European stocks at the fastest pace in months, but strategists are standing by their optimistic calls.
After a rout spanning all assets that last week dragged global equities into a bear market, the average forecast now sees the European benchmark closing the year with a 23 percent rally from Friday’s close. Take one of the biggest bulls on the region, UBS Group AG -- which even after cutting its year-end target projects a 28 percent rally.
“Our target wa…
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