The financial markets are clearly in risk averse mode on escalating geopolitical tensions. Gold jumps to as high as 1281.8 so far, comparing to last week's close at 1257.3, and is heading towards 1300 handle. WTI crude oil also extends recent rally to as high as 53.6, still on course to 55.24 key resistance. Safe haven flows into US treasury also pushed yield lower with 10-year yield losing -0.063 to close at 2.298. And 10-year yield is now having last week's spike low at 2.271 in sight. Reactio…
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Markets Steady as Fed Chair Yellen Watched
Markets are relatively steady today as traders and investors await Fed chair Janet Yellen's testimony before Senate Banking Committee. Markets are also having another eye on news regarding the Brexit referendum on June 23. A YouGov poll for the Times newspaper showed 44% support "leave" and 42% support "remain. Another poll by ORB for the Daily Telegraph showed 53% support "remain" and 46% support "leave". Overall, the strong rally in pound and stocks this week suggests that the markets believe …
EURopean Majors
European majors open the week sharply higher as latest Brexit polls in UK showed that support has swung back to the "remain" camp. A poll by Survation for the Mail on Sunday showed 45% supporting "remain" with EU and 42% supporting "leave". A YouGov survey for the Sunday Times showed 44% supporting "remain" and 43% supporting leave. An Opinium poll showed a tie of 44% each. The poll results showed and turn in the momentum after the tragic murder of pro-EU British MP Jo Cox. Campaigns of both cam…
Technical Analyses
EURUSD rallies upwardsThe EURUSD pair traded with strong positivity yesterday to begin testing 1.1400 barrier, showing some slight bearish bias affected by stochastic current negativity, waiting to gather enough positive momentum to push the price to resume the bullish bias that its next target located at 1.1494. Therefore, our bullish overview will remain valid and active for the upcoming period supported by the EMA50, noting that breaching the targeted level will extend the bullish wave to rea…
Good luck to all
Good luck to all!! and many pips .
Forex Market Dream
I met the forex market for 10 years and I won some championships, and I never met a job as difficult as the forex market.
It is very difficult to maintain long-term because beyond the fight against market we fight against our anxietyand discipline, but if you have a dream never give up.
The most important is when you get successful, help people to share.
Respect all white and black, rich or poor.
Sorry my English and I wish much peace, joy and health for all.
It is very difficult to maintain long-term because beyond the fight against market we fight against our anxietyand discipline, but if you have a dream never give up.
The most important is when you get successful, help people to share.
Respect all white and black, rich or poor.
Sorry my English and I wish much peace, joy and health for all.
Bank of Japan (BOJ) Governor Kuroda speaking today
- Can expand asset buying further if needed
- Negative rate policy doesn't show we've reached JGB buying limit
- Japan's economy has continued to recover moderately
- Inflation trend is improving steadily
- will do whatever it takes to hit 2% inflation
- Will pursue innovation in monetary policy means
- Somewhat worried medium to long term inflation expectations are weakening
- Uncertainty heightening on outlook for chinese, emerging economies