Analytics

Elliott Wave Analysis: Metals Turning Bearish!

July 5, 2019 Off

Metals are approaching resistance areas, so be aware of a fifth wave ending soon on some of them; Gold and platinum, while copper may have already found a top, so its current recovery can be a minor corrective pause.  We are observing copper in a new, bearish cycle, down from 2.7600 level where a previous…

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GBP/USD pressured by recession fears

July 4, 2019 Off

GBP/USD has been consolidating its losses amid a US holiday. Concerns about Brexit and global trade weigh on the pound. Thursday’s four-hour chart points to additional falls for the currency pair. Brexit may have already tipped the UK to the verge of a recession – while Britain is still in the EU. The third and…

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EUR/USD leaning lower amid Trump’s new tariff threat

July 2, 2019 Off

EUR/USD has been struggling with threats of new tariffs and weak data. Speculation about the next ECB President remains a significant market mover. Tuesday’s four-hour chart suggests more falls are likely. When one trade front (partially) calms, another one opens – and the euro is learning this first hand. US President Donald Trump and his…

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Brexit is already biting GBP/USD

July 2, 2019 Off

GBP/USD has extended its falls and reached two-week lows. Weak UK data and Brexit uncertainty weigh. Tuesday’s four-hour chart indicates more falls are likely, but strong support may help. “Worrying signals from the survey’s forward-looking  make it almost impossible to sugarcoat the construction PMI data in June” is what Markit had to say about the devastating score…

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Singapore’s largest cryptocurrency exchange Huobi to launch its own public blockchain network

July 2, 2019 Off

Huobi readying to launch its own public blockchain network targeting decentralized financial services Nervos, Blockchain startup will be assisting Huobi to build the network dubbed FinanceChain.   Singapore-based cryptocurrency exchange Huobi are working on launching their own public blockchain, which will be focused on decentralized financial services. The exchange will be working with Nervos, a…

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EUR/USD downed by three factors – next levels to watch

July 1, 2019 Off

EUR/USD has been falling as speculation about a deep Fed cut retreats.  Markets will be digesting US-Sino trade truce and purchasing managers’ indices. Monday’s four-hour chart points to further falls for the currency pair. The safe-haven US dollar tends to retreat in response to optimism – but not markets are questioning their previous bets on…

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GBP/USD dismisses Boris Johnson’s comments and rises

June 28, 2019 Off

GBP/USD has been trading in a narrow range amid mixed political news. Comments from Boris Johnson and Donald Trump are set to move the currency pair. Friday’s four-hour chart shows GBP/USD continues clinging to uptrend support. How long will  be waiting for some clarity? End-of-quarter may trigger an increase in volatility if politicians do not move…

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