xtreamforex.com Posted October 18, 2017 Author Share Posted October 18, 2017 China’s Xi: Will let the market play a decisive role in resource allocation More comments flowing in from China’s President Xi, as he continues to speak at the opening of the 19th National Party Congress. ReadMore:https://www.xtreamacademy.com/2017/10/18/chinas-xi-will-let-the-market-play-a-decisive-role-in-resource-allocation Link to comment Share on other sites More sharing options...
xtreamforex.com Posted October 20, 2017 Author Share Posted October 20, 2017 USD/JPY clocks 2-week high of 113.19 as T-yields rise on the US tax reform news The bid tone around the greenback strengthened, pushing the USD/JPY pair to a two-week high of 113.19 after news hit the wires that the US Senate has adopted a budget resolution ReadMore:https://www.xtreamacademy.com/2017/10/20/usdjpy-clocks-2-week-high-of-113-19-as-t-yields-rise-on-the-us-tax-reform-news Link to comment Share on other sites More sharing options...
xtreamforex.com Posted October 23, 2017 Author Share Posted October 23, 2017 USD/JPY drops – Profit taking or hedge demand for JPY? Failure to hold above 114.00 handle in early Asia has proved to be a costly exercise for the bulls as USD/JPY is now fast losing height ReadMore:https://www.xtreamacademy.com/2017/10/23/usdjpy-drops-profit-taking-or-hedge-demand-for-jpy/ Link to comment Share on other sites More sharing options...
xtreamforex.com Posted October 25, 2017 Author Share Posted October 25, 2017 USD/JPY – Risk reversals retrace gains despite the breach of trend line hurdle The Dollar-Yen pair closed yesterday above the resistance offered by the trend line sloping downwards from the March 10 high and July 11 high, still one-month risk reversals retracted gains. ReadMore;https://www.xtreamacademy.com/2017/10/25/usdjpy-risk-reversals-retrace-gains-despite-the-breach-of-trend-line-hurdle Link to comment Share on other sites More sharing options...
xtreamforex.com Posted October 26, 2017 Author Share Posted October 26, 2017 UK retailers cut jobs in the third quarter at the fastest rate since 2008 The British Retail Consortium (BRC) said today that its members cut jobs over the past three months at the fastest rate since 2008 due to technological changes and rising employment costs Read More:https://www.xtreamacademy.com/2017/10/26/uk-retailers-cut-jobs-in-the-third-quarter-at-the-fastest-rate-since-2008 Link to comment Share on other sites More sharing options...
xtreamforex.com Posted October 27, 2017 Author Share Posted October 27, 2017 EU is preparing for no deal Brexit, says senior official Stefaan De Rynck, an adviser to EU chief Brexit negotiator Michel Barnier, said the European Union (EU) does not want a “no deal” scenario but is preparing for one Read More:https://www.xtreamacademy.com/2017/10/27/eu-is-preparing-for-no-deal-brexit-says-senior-official Link to comment Share on other sites More sharing options...
Guest andengireng Posted October 27, 2017 Share Posted October 27, 2017 EURGBP today Oct 27, 2017 is continuing to bearish but you can take opportunity to buy, be aware if price break 0.88811 you can buy it and potential target up to 0.89332. Please use your Money Management. Link to comment Share on other sites More sharing options...
xtreamforex.com Posted October 30, 2017 Author Share Posted October 30, 2017 Germany to confirm size of expected budget surplus on Nov 9 Germany’s acting Finance Minister Peter Altmaier told broadcaster ARD on Sunday, Germany expects a budget surplus in 2017, but will not know its full extent until Nov. 9 when the finance ministry gets a new assessment of expected tax revenues, Reuters reports ReadMore:https://www.xtreamacademy.com/2017/10/30/germany-to-confirm-size-of-expected-budget-surplus-on-nov-9 Link to comment Share on other sites More sharing options...
xtreamforex.com Posted January 3, 2018 Author Share Posted January 3, 2018 GBP/USD EYES SEPT 2017 HIGHS AHEAD OF UK CONSTRUCTION PMI Strongest since mid-Sept 2017. Further bullishness ahead. The UK construction PMI – Up next. The bulls weakened their grip in mid-Asia, allowing a brief phase of consolidation in the GBP/USD pair near four-month tops of 1.3605, as investors gear up for the UK construction PMI release. GBP/USD: USD still remains the key driver Amid risk-on trades seen in the Asian equities and positive oil prices, the spot remains better bid, largely unperturbed by a tepid broad-based US dollar recovery. Markets switch their positions and prefer to hold the US currency heading into the key FOMC Dec meeting minutes. Meanwhile, the pair appears to gather pace for a test of September 2017 highs reached at 1.3657, having surpassed the Dec tops of 1.3552 in the US last session. The recent upsurge in Cable was mainly driven by broad USD weakness while a lack of Brexit headlines (mostly seen as bad) also added to the upside risks in the pound. Read more : http://www.xtreamacademy.com/forex-news/gbp-usd-eyes-sept-2017-highs-ahead-uk-construction-pmi/ Link to comment Share on other sites More sharing options...
xtreamforex.com Posted January 4, 2018 Author Share Posted January 4, 2018 USD/JPY AIMS TO RETEST 113.0 AFTER FOMC MINUTES Encouraging data out of the US, FOMC minutes lifts USD/JPY USD/JPY technicals still suggests limited buying interest USD/JPY has reached new session highs at the open of business in Tokyo, testing offers at 112.70 after the FOMC minutes/upbeat US data-induced rebound from Wednesday. USD/JPY fueled by upbeat US data, FOMC minutes As Valeria Bednarik, Chief Analyst at notes: “The USD/JPY pair advanced up to 112.57 this Thursday, as stronger-than-expected US data lifted the greenback against its Japanese rival, later fueled by the release of FOMC Minutes. Not that the document surprised investors, but after the release, US Treasury yields recovered the ground lost earlier on the day, helping the pair to extend its daily gains. ” Read more : http://www.xtreamacademy.com/forex-news/usd-jpy-aims-retest-113-0-fomc-minutes/ Link to comment Share on other sites More sharing options...
xtreamforex.com Posted January 8, 2018 Author Share Posted January 8, 2018 BITCOIN AND ETHEREUM PRICE – BFORECAST TC CONTINUES STRONGLY, ETH ROCKETS THROUGH $1000 The BTC prices have slowed down considerably over the last month or so as the focus shifts to the ETH market Discover the advantages of trading gold and precious metals online with a regulated international broker. Advertisement The controlled nature of the moves in the bitcoin market are there for everyone to see. Ever since the introduction of the bitcoin futures around a month back, we have seen a large scale correction followed by some consolidation and now we are see some controlled uptrend, all signs of a mature market that is seeing the entry and playing of some large traders and investors. Ever since the futures were introduced, we had said that this was a seismic event in the growth of bitcoins and that it could change the way bitcoins are traded, forever. While it gave some additional credentials to the bitcoin industry, it also helped to draw in bigger players who would ensure that the market is kept under control. Suggested Articles Why Bitcoin Cash is Better than Bitcoin? How to Buy Bitcoin Cash? How to Short Bitcoin? Read more : http://www.xtreamacademy.com/forex-forecast/bitcoin-ethereum-price-forecast-btc-continues-strongly-eth-rockets-1000/ Link to comment Share on other sites More sharing options...
xtreamforex.com Posted January 9, 2018 Author Share Posted January 9, 2018 GBP/USD DAILY FUNDAMENTAL FORECAST – JANUARY 9, 2018 The pound continues to trade between the 1.35 and 1.36 region and unless and until there is a breakout on either side, it is better for the traders to stay out Discover the advantages of trading gold and precious metals online with a regulated international broker. Advertisement The pair has been trading within a tight range over the last 24 hours as a period of consolidation has set in in the markets.The dollar has been holding steady and with yesterday being the first trading day of the week, there was more of trade positioning and watching of the price action by the traders and this limited the action in the markets. Read more : http://www.xtreamacademy.com/forex-forecast/gbp-usd-daily-fundamental-forecast-january-9-2018/ Link to comment Share on other sites More sharing options...
xtreamforex.com Posted January 10, 2018 Author Share Posted January 10, 2018 ETH/USD PRICE FORECAST JANUARY 10, 2018, TECHNICAL ANALYSIS Briefly, Ethereum had fallen to number 3 in the crypto currency world based upon value. However, we have seen the market take over the number 2 level again, as the resiliency continues to prove itself. The market now seems to be knocking on the door of the $1250 level, which being broken to the upside should send this market much higher. At that point, I would anticipate a move to the $1300 level initially, and then longer-term I would look for the $1500 level. In the meantime, I think short-term pullbacks are buying opportunities as we build up the momentum necessary to break out. I think that the $1000 level underneath is probably the “floor” in the market, so therefore it’s not until we break down below that level that I would be concerned with Ethereum overall. Read more : http://www.xtreamacademy.com/forex-forecast/eth-usd-price-forecast-january-10-2018-technical-analysis/ Link to comment Share on other sites More sharing options...
xtreamforex.com Posted January 12, 2018 Author Share Posted January 12, 2018 AUD/JPY ENDED A THREE-DAY LOSING STREAK, DEFENDS 23.6% FIB AUD/JPY found takers around 23.6% Fib. Eyes China data. AUD/JPY defended the 87.28 (23.6% Fib R of Nov-Jan rally) yesterday and jumped to a high of 88.09 before closing the day on a positive note at 87.79. Having snapped the three-day losing streak yesterday, the pair is trading in a sideways manner around 87.80 levels. Focus on China data A better-than-expected China trade data may put a bid under the AUD/JPY cross. A more sustained rise above 88.00 could be seen if the details reveal a solid pick up in the imports of commodities like iron ore and copper (top Australian export). Read more : http://www.xtreamacademy.com/forex-news/aud-jpy-ended-three-day-losing-streak-defends-23-6-fib/ Link to comment Share on other sites More sharing options...
xtreamforex.com Posted January 15, 2018 Author Share Posted January 15, 2018 GBP/USD – 1.39 ON THE CARDS? GBP/USD chewed through a key resistance zone on Friday. CME data show max additions in 1.39 strike call option. Technicals favor further upside. Having defended 1.35 levels since the beginning of the year, the GBP/USDchewed through strong resistance in the 1.3659-1.3710 area on Friday and closed above 1.37 for the first time since June 2016. The strong move upwards seems to have revived interest in the GBP/USDcalls. The CME data for GBP/USD February expiry options shows the open interest/open positions in call options rose by 1526 contracts on Friday. Meanwhile, the open interest in put options increased by a mere 408 contracts. What’s more interesting is that open interest at 1.39 strike call went up by 754 contracts. Also, additions were seen in 1.3950 call, 1.40 call and 1.4050 call. The numbers indicate the investors could be betting on a further upside in the pair, possibly towards 1.39 levels. Read more : http://www.xtreamacademy.com/forex-news/gbp-usd-1-39-cards/ Link to comment Share on other sites More sharing options...
xtreamforex.com Posted January 16, 2018 Author Share Posted January 16, 2018 NZD/USD ON A CORRECTIVE SLIDE NEAR 0.7300 AHEAD OF NZ GDT DXY rebound caps the upside. A stronger Yuan fix underpins. Eyes on NZ GDT price index The NZD/USD pair kicked-off Tuesday on a bearish note, correcting a part of yesterday’s rally to fresh 4-month tops of 0.7315, as the bulls take a breather ahead of the key NZ GDT price index release. NZD/USD finds support near 0.7285 The spot failed to sustain above the 0.73 handle and corrected briefly before finding fresh bids near 0.7285 region, after the PBOC set the Yuan reference rate for today at 6.4372, the strongest since Dec-mid 2015. The NZD is used as a liquid proxy for bets on China, as China is New Zealand’s top trading partner. However, the Kiwi keeps losses as the US dollar stages a minor rebound against its major peers after it fell to more-than three-year lows of 90.05 a day before. Increased expectations of higher global interests rates, suggests that the Fed is not the only central bank to move towards policy normalization this year, which in turn weighed heavily on the buck. Read more : http://www.xtreamacademy.com/forex-news/nzd-usd-corrective-slide-near-0-7300-ahead-nz-gdt/ Link to comment Share on other sites More sharing options...
xtreamforex.com Posted January 17, 2018 Author Share Posted January 17, 2018 GBP/USD REJECTED AT 1.3835, SURRENDERS 1.3800 Closely tracks DXY price-action. Brexit headlines will continue to weigh. Focus shifts to the US industrial figures. The GBP/USD pair failed once again to sustain above the 1.38 handle, now accelerating the corrective slide from fresh post-Brexit vote highs reached at 1.3836. GBP/USD back to test 5-DMA at 1.3768 The spot ran into the key resistance zone located near 1.3835, as the US dollaris seen recovering early losses versus its main peers, having dipped to the lowest levels since Dec 2014 at 89.98. The USD index looks to stabilize near 90.25 levels, as attention now turns towards the US industrial production data due later on Wednesday. The AceTrader Team explained, “although the greenback snapped its recent losing streak initially on Tuesday and staged a rebound against the majority of its peers on short-covering, the intra-day decline in U.S. stocks where the Dow tumbled from record highs of 26086 triggered renewed broad-based USD selling in late New York trade.” Read more : http://www.xtreamacademy.com/forex-news/gbp-usd-rejected-1-3835-surrenders-1-3800/ Link to comment Share on other sites More sharing options...
xtreamforex.com Posted January 18, 2018 Author Share Posted January 18, 2018 AUD/JPY – OFFERED ABOVE KEY FIB, TURNS NEGATIVE AFTER AUSSIE JOBS DATA AUD/JPY offered near 89.00 levels. Fails to hold above 88.690 – 76.4% Fib R of Sep-Nov drop. Aussie Dec employment change beats estimates, jobless rate rises. The Australian Bureau of Statistics (ABS) reported better-than-expected December employment change figures, but the Aussie dollar is not impressed. The AUD/JPY ran into offers 88.97 and hit a session low of 88.41 even though the ABS data showed more than 34K jobs were created across Australia last month, beating the estimated growth of 9K by a big margin. Also, the previous month’s print was revised higher to 63.6K from 61.6K. Further, full-time employment change came in at 15.1k versus the upwardly revised 43.6k in November. However, the jobless rate ticked higher to 5.5 percent from 5.4 percent as expected. Read more : http://www.xtreamacademy.com/forex-news/aud-jpy-offered-key-fib-turns-negative-aussie-jobs-data/ Link to comment Share on other sites More sharing options...
xtreamforex.com Posted January 19, 2018 Author Share Posted January 19, 2018 NZD/USD STUCK AT 0.73 FOR A FIFTH CONSECUTIVE SESSION Kiwi struggles to cut through offers around 0.76. Overbought technical conditions at play? Focus on US-NZ yield spread and US government shutdown. The NZD/USD is struggling to rise above 0.76 in a convincing manner for the fifth straight session. Having rallied 7.67 percent from the November low of 0.6780, the pair looks overbought as per daily RSI. Still, the downside has been capped near 0.7230 this week, courtesy of broad-based US dollar weakness. The story has not changed much this Friday. The US 10-year treasury yield rose above 2.63 percent; the highest level since December 2016. Still, the USD has failed to catch a bid. Also, keeping USD no the back foot are fears of a US government shutdown. Earlier today, the US House of Representatives passed a bill to fund government operations through Feb. 16. However, the bill still needs an approval by the Senate, where it faces an uncertain future. Read more : http://www.xtreamacademy.com/forex-news/nzd-usd-stuck-0-73-fifth-consecutive-session/ Link to comment Share on other sites More sharing options...
xtreamforex.com Posted January 22, 2018 Author Share Posted January 22, 2018 USD/JPY: BEARISH BELOW 100-D SMA AHEAD OF BOJ THIS WEEK USD/JPY Bulls unable to get above 100-D SMA. USD/JPY traders turn to BoJ this week. In a day of no data in Asia, the market is quiet and USD/JPY is stationary in Tokyo around the closing prices for Friday. Currently, USD/JPY is trading at 110.63 with a high of 11.85 and a low of 110.51. Contained by the 10-D SMA, USD/JPY is consolidating the recent losses that occurred last week from 111.48 to aforementioned lows today despite strong US Treasury yields that climbed to their highest since September 2014. The 10-year yields finished up on Friday at 2.64% having ranged between 2.61% and 2.66%. Also, the US government shutdown was a thorn in the Bull’s hooves while we await the outcome of this week’s BoJ. Special update: US Government officially shut down BoJ on the cards this week “The Bank of Japan also meets this week and under current term, this will be Kuroda’s last quarterly ‘outlook’ meeting. The BoJ Governor is likely to send a message that official interest rates are going nowhere just yet. With neither central bank likely to signal policy changes this week, further US$ weakness may be averted,” explained analysts at Westpac. Read more : http://www.xtreamacademy.com/forex-news/usd-jpy-bearish-100-d-sma-ahead-boj-week/ Link to comment Share on other sites More sharing options...
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