Blogs

<h2>Fed Sounds The Alarm</h2> <p>At the April FOMC meeting held yesterday, the Fed held no punches in warning the market over the severity of the economic threat from COVID-19. As per the market’s expectations, in line with the massive, historic moves announced by the fed over the prior month, no further adjustments were made to [

<h2>Crude Long Positions Building</h2> <p>The CFTC COT positioning report showed that large speculators and hedge-funds (non-commercials) increased their positions in WTI last week by 76,511 contracts to a total position of 587,180 contracts. This brings the net long position back up to its highest level in over 18 months despite

<h2><span>Daily Market Outlook, April 30, 2020 </span></h2> <p><span><strong>The global equity market has risen strongly (S&amp;P500 +3% yesterday) after news that Gilead Sciences’ remdesivir drug had shown positive results in government-run trials.</strong> Risk sensitive currencies have outperfo

<p>Good day!</p> <p>The price of the Australian currency broke the downtrend. Now, the asset could jump from the broken trend and reach a very strong resistance level of 0.6685, which is also a very important optional level. The asset could also pull from the level of 0.6685 and drop:</p> <p><img class="alignno

<p>EURUSD Daily Outlook – On Wednesday the Dow surges 400 points as positive Gilead news lifted hope for coronavirus treatment, oil jumped more than 20% on hopes that the economy will reopen sooner than expected, but we found out that the US GDP shrank 4.8% in the first quarter amid biggest contraction since the financial […]

NeoWave theory by Glenn Neely. Triangle patterns. Basic and advanced rules of logic. Dear friends! In the previous training article, I covered triangle patterns, their variations, and basic construction rules. If you haven’t read the previous articles in the NeoWave series, I recommend covering all the articles devoted to the NeoWave theory based o

Mythbusters: Halving and dollar devaluation as reason of Bitcoin price growth My previous Bitcoin forecast was made on 17th March.  And it was absolutely correct, until lately. My March’s scenario is shown in the chart above. I predicted a high probability of retracement within a 5-wave structure in wave C. The target was at around […]

It is too early to buy the EUR/USD, isn’t it? The statistics provided by the governments is disappointing (for example, the data on the number of infected and died from the coronavirus). However, using statistics in Forex to build investment strategies is still rather efficient. The market situation in April has proved the trading systems based on

Oil buyers are trying the break out the resistance [11.67 – 10.92] and turn the medium-term trend up USCrude – oil  Yesterday, oil price was again trying to break through Target Zone [11.67 – 10.92], the border of the medium-term downtrend. Today, buyers are trying to consolidate the price above the zone. There forming a […]

The Fed managed to hide its pessimism behind the willingness to take active, aggressive measures  Try, try, and try again. Jerome Powell, at the press conference following the April FOMC meeting, did his best to keep the illusion of stability he had created. Federal Reserve Chairman noted that the central bank will take active, aggressive measures