GBPUSD Daily Analysis – October 14, 2014
GBPUSD remains in uptrend from 1.5951, the fall from 1.6226 is likely correction of the uptrend.
Stocks
Brent Slips Further As Saudi Arabia Cuts Prices
Brent crude oil (BNO, quote) nearly fell below $94 on Thursday morning as investors continued to worry about growing supplies and a waning global economy.
GBPUSD Daily Analysis – September 17, 2014
GBPUSD’s bounce from 1.6051 extended to as high as 1.6309, however, the bounce is likely consolidation of the downtrend
ES Emini Preparing to Breakout Again
It’s been a period of pause and reflection for equity markets, following the picture perfect price action of August, as the up elevator finally reached the next level, rolling gently over into the current phase of price congestion.
EURUSD Daily Analysis – September 15, 2014
EURUSD remains in downtrend from 1.3411, the rise from 1.2859 is likely consolidation of the downtrend.
GBPUSD Daily Analysis – September 15, 2014
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190 (Jul 15 high), the rise from 1.6051 is likely consolidation of the downtrend.
USDJPY Daily Analysis – September 8, 2014
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 101.50, as long as the trend line support holds, the fall from 105.70 could be treated as consolidation of the uptrend.
Can Hong Kong Afford a Credit Rating Cut?
In its latest credit rating report on Hong Kong, Standard & Poor’s Financial Services LLC said that “although the political polarization surrounding Hong Kong’s (chief executive) election reform has sometimes made decision-making in the Legislative Council lengthier and more contentious than before, in our base-case scenario, we do not expect the tension to significantly affect the effectiveness of governance, given the government’s strong record and the likely pragmatic approach of
ECB Under More Pressure As PMI Slips
The euro remained below $1.32 on Tuesday morning as the European Central Bank’s (ECB) September policy meeting approached.
Picture perfect on the Emini NQ chart
There are so many trading maxims it’s often hard to ignore them, but there are two that spring to mind considering the daily chart for the Emini NQ this morning.