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Profit Taking Hits Dollar Despite Data

Inflation concern the only negative Last week’s employment report in the U.S. was ultimately very positive for the dollar despite the ludicrously high expectation for...

Euro Stoxx 50 Index, DAX30, CAC40 – another week to the bulls

The last week was another one in the row that was excellent for the demand. German DAX had 11 upward weekly candles from all 12...

Harmonic Trading – potential ABCD pattern on EURUSD and USDCAD

USDCAD and EURUSD look very interesting when we have harmonic trading in our minds. On both currency pairs we had clear trend in one...

U.S. Economy set for Breakout

Rate hikes starting to be justified The Employment report for October that was released on Friday was the subject of some “irrational exuberance” from analysts...

From Investor to Scalper – CADCHF in the Area of Consolidation Resistance

From an investor to a scalper is a cycle of analysis in which we take one financial instrument and the analysis includes a detailed...

Rate Hike Drives Sterling Lower

Carney remains cautious on Brexit It was only to be expected in an environment where just about every piece of data pointed to no change...

From Investor to Scalper – AUDJPY in Local Resistance Area

From an investor to a scalper is a cycle of analysis in which we take one financial instrument and the analysis includes a detailed...

Sterling higher on rate and Brexit Optimism

Hike now fully priced in Tomorrow’s meeting of the Bank of England’s Monetary Policy Committee is in most trader’s eyes certain to see a hike in...

Euro Steadies, Growth data expected

ECB reacting to patchy growth There are rumours that a few members of the Governing Council of the European Central Bank agree with Bundesbank President Jens...

Euro Dives on Dovish ECB

Cost of carry becoming a factor The cost of being long of the common currency finally started to take effect last week as the prospect...

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