0.0 00 Yesterday the Central Bank of Russia announced they were raising their key lending rate to 17 percent per annum. They are acutely worried about the persistent devaluation of the Russian Ruble as well as …
Read More »GBP/JPY—Continues to fall and now Below ¥185
0.0 00 GBP/JPY (¥183.703) Resistance Levels: 188.30, 189.70, 191.47 Support Levels: 181.40, 178.85, 176.28 The Sterling, better known as the British Pound, declined versus the Japanese yen. This was expected after forming a bearish …
Read More »AUD/USD — Local Stress is pushing the Auzzie down
0.0 00 We all pray and wish only the best and quickest resolution for the terrible situation today in Sydney. The latest news can be found from Sydney Morning Herald here. Stress from the Australian city …
Read More »U.S and Asian Stock Markets Fall as Oil is Routed
0.0 00 Markets in Asia and the Pacific Rim pulled back on Monday following the steep losses in U.S. markets on Friday. Investors are growing increasingly alarmed with the fall in energy prices. Falling manufacturing sentiment …
Read More »Gold is changing trend to downwards movement — again
0.0 00 Gold (1211.10) is showing a new trend – downwards. The precious metal has been climbing since November 5, 2014, but is showing at the start of this week a trend reversal. Here is the …
Read More »EUR/GBP—The Recent Channel Brake Could Indicate Gains Ahead
0.0 00 EUR/GBP (0.7916) Resistance Levels: 0.7930, 0.7955, 0.7985 Support Levels: 0.7905, 0.7850, 0.78 The Euro has moved higher versus the Greater British Pound. This was expected, and if you note the daily MT 4 chart …
Read More »Daily Video Analysis: USD/JPY—Finds Support Below ¥118.00
0.0 00 USD/JPY (¥118.730) Resistance Levels: 119.40, 119.95, 121.85 Support Levels: 117.90, 115.50, 113.50 The U.S. Dollar has turned lower after former a Three Inside Down Candlestick below the key 122.00 handle. This is a bearish …
Read More »USD/CHF—Takes a Break to Consolidate
0.0 00 USD/CHF (0.9690) Resistance Levels: 0.9690, 0.9820, 0.9895 Support Levels: 0.9655, 0.9555, 0.9390 The USD/CHF is taking a break after moving lower over the last several trading days. This move lower was expected, as …
Read More »What Did RBA Governor Glenn Stevens Just Do?!
0.0 00 There is a code among the world’s central bankers, one that is not spoken about, but it exists. They tend never to speak about future interest rates moves. This golden banker rule might have …
Read More »USD/JPY—The Correction Lower Gains Some Steam
0.0 00 USD/JPY (¥118.890) Resistance Levels: 122.50, 124.10, 125.75 Support Levels: 119.40, 117.90, 115.50 The correction lower for the U.S. Dollar versus the Japanese yen is beginning to pick up steam. Let’s refer to the above …
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