London--Rolling 24-hour chart levels: Forex spot: EUR/USD USD/JPY GBP/USD USD/CHF Spot 0730 GMT+2 1.0682 112.18 1.2513 0.9962 1 Week Trend Bearish Bearish Bullish Bearish 1 Month Trend Bearish Bearish Bullish Bearish 200 day ma 1.0770 110.45 1.2445 1.0005 3rd Resistance 1.0740 113.00 1.2620 1.0000 2nd Resistance 1.0715 112.75 1.2580 0.9985 1st Resistance 1.0700 112.50 1.2545…Read more DJ Newswires European Technical Anaysis
Market snapshot South Africa The JSE All Share Index closed up 0.69% at 53 158 IMF expects SA's economy to expand by 0.8% in 2017 Rand is trading at R13.55 to the US Dollar Rand is trading at R14.44 to the Euro Rand is trading at R16.41 to the British Pound Global UK FTSE 100 Index closed down -0.15% at…Read more Market report – 17 January 2017
EURUSD Our daily trade moved 930 points to reach our 2nd anticipated zone, before downside pressure kicked in. We are still anticipating downwards momentum for our weekly sell. We would like to see a break of the support zone (red line on weekly chart) before downward momentum takes over. USDCAD The anticipated break of the…Read more Trading review
The following infographic from Healthgrad shows the recent Obamacare statistics; noting the rising premiums that some states are experiencing. As noted in the infographic and by logical minds, the cost of healthcare has increased faster than inflation and wage increases. Obamacare seems to have caught on to this trend.
The joke doing the rounds is that it took three days for the market to recover from Brexit, three hours to recover from Trump and three minutes to recover from Italy. After some brief sharp weakness, as the referendum result came out, global markets have bounced back stronger than ever. EURUSD EUR/USD moves were phenomenal.…Read more Market Outlook: 5th December
In the past 8 months the political world has experienced what can only be called a shit storm. April seems to have been the last month of "normality" that the world experienced, around the same time this "photo of the day" was taken, where the world's top political leaders met prior to their meeting in…Read more One Left
This week we're keeping our eyes on the following technical setups: NZDUSD: We have seen a break below the trendline / channel. We should see a rebound off the retest of the trendline. Should it break back into the channel we will re-analyse. EURUSD: EURUSD has broken the trendline. Should it hold below for the…Read more Market Outlook 28 November – 2 December