Weekly Commitment of Traders Report
The Commodity Futures Trading Commission, or CFTC, publishes the Commitment of Traders report (COT) every Friday. The COT report reveals the net long and short positions taken by speculative traders and commercial traders, it is an excellent resource to gauge how heavily these big pockets are positioned in […]
EUR/USD Technical Analysis
Next week EUR/USD will probably try to test 1.3121 level as long as we don’t sink below 1.2820 area. If we get very good news from the eurozone, we may even see 1.3260. if the pair fails to stay above 1.2965 level the outlook will remain bearish and we may be back […]
Absence of a Viable Plan to Stabilize Europe
Asian stock markets opened lower slightly higher after the latest economic data showed U.S. weekly jobless claims declined to the lowest level since April, and the trade deficit shrank in September to its narrowest level since December. NIKKEI started the day at 8,545.92, previous close […]
When we look at charts we see that EUR/USD is aiming for higher levels as long as it can stay above 1.3800 level. It seems that the pair will reach 1.4000 and if we get good news from the eurozone the pair can continue climbing to 1.4175 level. If the pair can break this resistance […]
As we can see from the EUR/USD chart, the pair rallied nicely after it passed 1.3520 barrier. For this week, we expect a range between 1.3996 or 1.4044 and 1.3686 or 1.3516. We should watch the price movement during Monday and Tuesday because that will show us how the week will end. News […]
As we can see on charts EUR/USD has been moving inside a descending channel, and considering the current situation in the eurozone we can say that technical analysis and fundamentals are pointing the same direction. Therefore, EUR/USD is expected to continue moving inside this descending channel.
However market sentiment is […]
When we look at charts we see that EUR/USD is getting weaker. Even though the pair tried to move higher after some news came out (EFSF voting), the upside was capped and the pair closed the week at its lowest level. So for this week the key levels to watch are 1,3350 and 1,3600. […]
USD/JPY is stuck in 76.17-76.87 range. Even though trading within this range is possible, it is negative for pair not being able to benefit from latest USD strength. That means if the pair goes below 75.90, it may drop fast to 75 and 73 levels.
It was a nice bounce this […]
According to the daily and weekly charts, general outlook for GBP/USD is bearish unless the pair can go back over 1.5790. Expected trading range for this week: 1.5590-.5600 / 1.5250-1.5200
According to the daily and weekly charts, general outlook for USD/CAD is bullish unless the pair goes back below 1.0000. Expected […]
In our previous analysis we were saying that 1.0000 level was an important level to watch. A weekly close above 1.0050 will be positive for further upside movement.
XAG/USD failed to break 40.50 and it was back to 39.20. Selling pressure may increase if silver can’t pass 40.40 barrier today.