USD/CHF at major resistance, prepare to sell

Share This: Price has reacted off major resistance at 1.0000 (Fibonacci projection, horizontal resistance, big figure) and we expect a drop to 0.9833 at least. RSI (34) is also reacting off major descending resistance which goes in line with our bearish view. Sell below 1.0000. Stop loss at 1.0050. Take profit at 0.9833. The material has been provided… Read More »

Gold analysis for November 15, 2016

Share This: Since our previous analysis, gold has been trading sideways at the price of $1,226.10. Using the market profile on 15M time frame, I found strong point of control at the price of $1,223.85. Watch for potential breakout of this level to confirm a downward movement. A downward target is set at the price of $1,211.50. Anyway,… Read More »

Global macro overview for 15/11/2016

Share This: Global macro overview for 15/11/2016: The University of Michigan Consumer Sentiment Index was released at 91.6 points last Friday and today’s data of Retail Sales at 02:30pm GMT are highly anticipated. The reason behind the anticipation is quite simple: better-than-expected data might indicate that consumer spending will firm up in the final quarter of 2016. This… Read More »

EUR/NZD analysis for November 15, 2016

Share This: Recently, EUR/NZD has been moving sideways around the price of 1.5135. Using the market profile on the 15M time frame, I found a strong point of control from the background at the price of 1.5185. I found successful rejection of the point of control. The pair is trading below 21SMA, which is a sign of weakness.… Read More »

How Refugees Can Assist Britain’s Economy Post-Brexit

In the after-effects of Brexit, British political leaders have actually tactically prevented the refugee crisis. Even while marketing for the EU referendum, the Remain camp paid little focus on the topic over worries of dividing citizens understanding to the suitables …

The post How Refugees Can Assist Britain’s Economy Post-Brexit appeared initially on Forex.Info.

For all the obstacles associated with the refugee crisis, it is currently having a “significant” favorable effect on the EU, according to the European Commission. Economic experts at the main company state refugees will have a favorable effect on financial development, work and long-lasting public financial resources in settlement nations such as Germany and Sweden. Increased federal government activity from processing and transplanting refugees might likewise have a favorable effect on nationwide spending plan since of migrants’ contributions. There is a strong case for accepting refugees both as a nation-building method and for financial factors.

British Pound Under Restored Pressure as Difficult Brexit Looms

The British pound’s losses deepened in October on concerns that a”difficult Brexit “would limit banks’ access to the single market, causing speculation that significant banks might transfer from London. Lenders’ “hands are shuddering over …

The post British Pound Under Restored Pressure as Tough Brexit Looms appeared initially on Forex.Info.

Issues about an exodus of banks have actually weighed on the British pound, which has actually decreased a shocking 18% versus the United States dollar because the June 23 Brexit vote. Hedge funds have actually lowered their bets that the British currency will fall, according to current information supplied by the Product Futures Trading Commission. For all the issues surrounding the pound, there’s little proof that Brexit is weighing on the British economy– at least, not. The most current selloff in the pound was set off in early October by British Prime Minister Theresa Might, who stated she would start pursuing a difficult exit from the EU by the end of March.

The Real Expenses of Brexit Are Starting to Accumulate

The British pound’s fall from grace over the previous 4 months has actually worked as a tip that the UK’s exit from the European Union will be an unpleasant experience. Considering that the June 23 vote, the worth of …

The post The Real Expenses of Brexit Are Starting to Build up appeared initially on Forex.Info.

Because the June 23 vote, the worth of the pound has actually decreased a shocking 18%. While a more affordable pound is anticipated to make British exports more competitive, it might press inflation much greater than the main bank means. In brief, the British pound is informing the world that UK possessions are worth less– much less– than they utilized to be. British pound to fresh lows and jolted the monetary markets from Tokyo to New York.