Blogs

<p><strong>The markets are relatively inured to the bad news</strong>, as the weekly jobless claims have already given us the increasingly ugly news on the labor market. US equities are modestly weaker amid risk-off sentiment and an employment report that revealed a much larger than anticipated -701k plunge in March and a jump in

<h3>GBPUSD, H1</h3> <p>The UK’s final composite PMI was revised lower to <strong>36.0</strong> from 36.4 in the preliminary estimate, marking a sharp drop from the pre-coronavirus February reading of <strong>53.0.</strong> The 36.0 headline reading is <em>the lowest since the PMI data series beg

<p>Among the other ways, here is one simple way : it is a ratio of (sum of price differences) to average of (sum of price differences). As simple as it gets, it seems to be detecting the market volatility in acceptable way. As a point of reference :</p> <ul> <li>values above 1 are periods of […]

<p>After a long time of sit and wait the volume came back and provides us some good trade setups on the majors.</p> <p>So let's have a closer look chart by chart.</p> <p>The first trade setup this morning was provided by EURUSD – what an amazing clear short setup in all aspects</p> <p>The trends

<p>The USD index is heading for a retest of three-year high at 103 level and currency markets may be rightly asking themselves a question about how overvalued the American currency is and is there fuel in the tanks to extend the rally. In this article, I substantiate strong dollar by the action of two temporary […]

<h2>Will Saudi Arabia &amp; Russia Finally Co-operate?</h2> <p>Oil prices have turned higher at the end of the week following the calling of an emergency OPEC+ meeting next week. Following calls from President Trump to end the stand-off between Saudi Arabia and Russia, Saudi Arabia has announced the meetings for Monday April 6

<h2>Key Points From This Week</h2> <p><strong>Chinese Manufacturing Recovers</strong></p> <p>Following a plunge to record lows of 35.7 in February, the Chinese manufacturing sector rebounded firmly in March to post highs of 52.3 on the Caixin PMI index. The market had been forecasting a recovery to just 44.

The pair XAU/USD remains likely to fall. Estimated pivot point is at a level of 1645.28. Main scenario: short positions will be relevant from corrections below the level of 1645.28 with a target of 1450.00 – 1265.31. Alternative scenario: breakout and consolidation above the level of 1645.28 will allow the pair to continue rising to […]

The pair USD/JPY remains likely to fall. Estimated pivot point is at a level of 111.76. Main scenario: short positions should be considered from corrections below the level of 111.76 with a target of 101.08 – 98.73. Alternative scenario: breakout and consolidation above the level of 111.76 will allow the pair to continue rising to […]

The GBP/USD pair is in correction, still likely to fall. Estimated pivot point is at a level of 1.3210. Main scenario: short positions will be relevant from corrections below the level of 1.3210 with a target of 1.1177 – 1.0687 once the correction is completed. Alternative scenario: breakout and consolidation above the level of 1.3210 […]