* Financial markets started 2015 in cautious mood. Worries about deflation in Europe, weakness in emerging markets and geopolitical risk in the Middle East and Ukraine were to the fore. Those risks remain, but lately financial markets have…
Our Preference: Buy positions Above 1207 with target of 1218 & 1226 in extension.
Alternative Scenario: Nill…
Our Preference: Sell below1.5450 with target of 1.5360 & 1.5200 in extension,
Alternative Scenario: Nill,…Continue
Our Preference: Sell positions below 1.1250 with stoploss of 1.1350 and target 1.1150 & 1.1100 in extension
Alternative Scenario: Nill…Continue
Currently we are at 1.9635. We are looking for a continuation to the 0.786 Fibo support area @ 1.9557 with an overall target @ 1.9481. The average daily true range (ATR) for the pair currently is 210 pips.…Continue
USDCAD: Caps Strength, Turns Lower
USDCAD: Having capped its strength at 1.2442 level to turn lower during Tuesday trading session, further downside pressure is envisaged. On the downside, support lies at the 1.2400 level followed by the…Continue
EURUSD broke through 1.1260 support last week with a strong decline and weekly close outside of the range, so we assume that corrective blue wave (4) is now finally complete. If that's the case then it was a triangle placed in wave (4) so market…Continue
EUR- ECB official interest rate: 0.050 and -0.20 on deposit facility.
GBP-BoE offiial interst rate: 0.50
Comment: ECB will keep this low reate for some time and also ECB has started a QE programm of 60 bilion euros…Continue
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