Yohay Elam Blog | Talkmarkets | Page 1
Contributor's Links: Forex Crunch

Yohay Elam has been into forex trading for over 5 years, and shares the experience and the knowledge accumulated after taking a short course about forex. Like many forex traders, Elam has earned the significant share of his knowledge the hard way. Macroeconomics, the impact of news on the ... more

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Is USD/JPY Ready To Fall? 3 Fundamental Reason And A Downtrend Channel
At current levels, support awaits at 110.70, followed by 109.60 and 108.80. Further support is at the cycle low of 108.10. Looking up, resistance is at 111.80, 112.20, 113 and the cycle high of 114.30.
Oil: Explaining The Drop In Oil Prices; What’s Next? – ABN AMRO
ABN AMRO argues that they expect both Brent and WTI oil prices to recover towards USD 60/bbl. At this moment, they see no strong argument to lower this forecast based on the current negative market sentiment
WTI Crude Oil Bounces Off Support – Almost Perfect Technical Trading
The low of November 14th, 2016 was $42.07. The low today was $42.03. This is as close to a perfect bounce off support. Oil price reached the lowest since August but by a mere 4 cents.
US Existing Home Sales Slightly Beat With 5.62 Million – USD/JPY Ticks Up
Sales of existing homes climbed by 1.1% against an expected fall. They rose from a marginally downwards revised 5.56 million to 5.62 million. The beat is not that big, but it allows USD/JPY to extend its gains.
GBP/USD Jumps On Hawkish Haldane
Andrew Haldane said that removing some stimulus could become appropriate in the second half of the year. Is he about to vote for a rate hike?
GBP/USD Extending Losses On UK Political Uncertainty
Pound/dollar already erased the election announcement gains, falling to the lowest levels in two months.
USD/JPY Grinding Lower On Saudi Arabia, North Korea
USD/JPY is trading at 111.11. It still trades much higher than before the hawkish Fed hike, but the gains are eroding. The major pair is sensitive to geopolitical developments. After a few weeks of calm, we have two issues to worry about.
USD: Strength To Prove Temporary; What’s The Trade? – Danske
Danske maintains a bullish EUR/USD view in the medium term but staying tactically short* the pair targeting a dip to 1.0850 over the summer.
GBP/USD Erasing The Election Announcement Gain – 3 Reasons
GBP/USD is trading around 1.2620, after having dipped to a low of 1.2603. 1.2615 was the swing high seen in April. After that, the pair returned down to its range.
Carney Carnage: GBP/USD Falls On Rejection Of Rate Rises
Mark Carney said that this is not the time to raise rates. He contradicts three of his peers in the MPC that voted for raising the rates in the most recent rate decision.
EUR: Draghi Could Wait Until October – Higher Volatility Coming?
What is the next move of the ECB? The QE program is set to end in December and many expect the central bank to begin reducing its bond buys from early 2018. The Bank currently creates 60 billion euros every month.
GBP: Further Downside Near-Term; What’s The Trade? – BofAML
Brexit talks have begun with the UK caving into the EU demand that talks begin around the divorce agreement, then about a new trade deal. What´s next for the pound?
CAD: Bringing Forward Our BoC Hike Call To Q4; Where To Target?
The hawkish tone from Wilkins and then from Poloz pushed the Canadian dollar higher. Will this hawkishness translate into a hike?
EUR/USD Downed By Dudley – Approaching Support
In a week with few economic indicators, Fed speakers have the upper hand. The US dollar is gaining ground across the board.
EUR/GBP: Mind The Divergence – Where To Target? – SocGen
The “Brexit currency pair” has periods of high volatility and times of stability. The growing divergence could provide an opportunity for gains in Q3.
AUD/USD Slips Under 0.76 As Moody’s Downgrades Australian Banks
More pressure on the Aussie today after Governor Lowe kept it low. The credit rating agency Moody’s downgraded Australia’s Big Four banks. Are they worried about house prices? This is one of the worries of the RBA as well.
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