News

When everyone is looking at something, it changes In quantum physics, the observer effect is the theory that simply  observing a situation or phenomenon necessarily changes that phenomenon. Economics has something similar, called Goodhart’s law. It’s named after British economist Charles Goodhart who observed that when a measure becomes a target, it ceases to be a
DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages. The market is in a triangle pattern and both bulls and bears have valid arguments.  DXY is also currently supported by the 50 SMA.  Additional key levels Dollar Index Spot Overview:    Today Last Price: 96.6    Today Daily change: -17 pips    Today
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Analysts at Danske Bank see positive developments for a move higher in crude oil prices, like today’s OPEC agreement. They see the WTI barrel rising to USD70.  Key Quotes:  “OPEC+, the group consisting of the Organisation of Petroleum Exporting Countries (OPEC) and a group of oil producing countries outside OPEC (so-called non-OPEC), including Russia, today
AUD among worst performers of the week affected by RBA statement and Australian economic data.  AUD/USD heads for lowest weekly close since late October. The AUD/USD pair is about to end the week hovering around 0.7200. Price remains in a range between 0.7240 and 0.7200, almost 200 pips below the peak it reached on Monday
Oil weekly chart Oil 4-hour chart Oil is attempting to break above the 100 SMA.  The bullish target for next week can be located near 56.00 figure. Oil 30-minute chart 54.00 is currently providing strong resistance. In the short-term, oil might correct down to 53.00 or 52.00 figure. Additional key levels WTI Overview:    Today Last Price: 53.65    Today
GBP/USD is seeing apprehensive drift ahead of Friday’s major market sessions, knocking into 1.2750 but remaining trapped firmly within  GBP/USD, 5-Minute The past couple of weeks have been a ranging affair for the Cable, but swing highs remain capped off at the 1.2800 handle while swing lows continue to tread into fresh territory. GBP/USD, 30-Minute
   •    A fresh wave of global risk-aversion trade underpins JPY’s safe-haven status.   •  US bond yield inversion weighing on USD and adds to the selling pressure.    •  Traders now eye US ADP report and ISM services PMI for some fresh impetus. The USD/JPY pair came under some renewed selling pressure on Thursday and
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Asia Pacific Market Open – Canadian Dollar, BoC, Risk Aversion, Australian Dollar, Japanese Yen Canadian Dollar plunged across the board on less hawkish BoC monetary policy announcement Risk aversion still engulfed financial markets, US ones were closed. USD edged cautiously higher Dow futures pointing lower, Asia stocks at risk. Japanese Yen could gain as AUD
Funeral services at the National Cathedral “I will keep America moving forward, always forward, for a better America, for an endless enduring dream and a thousand Points of Light. This is my mission, and I will complete it.” “We are a nation of communities… a brilliant diversity spread like stars, like a thousand points of
Trading the News: Bank of Canada (BoC) Interest Rate Decision The Bank of Canada’s (BoC) last meeting for 2018 may do little to influence the near-term outlook for USD/CAD as the central bank is widely anticipated to keep the benchmark interest rate at 1.75%. The BoC may revert back to a wait-and-see approach after delivering
Latest data released by Markit/BME – 5 December 2018 Prior 54.7 Composite PMI 52.3 vs 52.2 prelim Prior 53.4 ForexLive Preliminary readings can be found here. The services component holds steady but there is a mild improvement to the composite reading, but nothing substantial. The overall downtrend still remains for German survey sentiment and it