The European Central Bank's balance sheet increased last week by EUR11.4
billion, as the central bank's lending to eurozone financial institutions and
its bond buys lifted the balance sheet's volume. The balance sheet, or the value
of the assets on the ECB's books, now sits at EUR2.54 trillion. The ECB's
purchases of EUR60 billion in mostly government bonds per month between March of
this year and Sept. 2016 should bring the size of the balance sheet above EUR3
trillion.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Tuesday, August 4, 2015
Monday, August 3, 2015
AUD/USD Chart
Summary :
Target Level : 0.7394
Target Period : 3 days
Analysis :
Falling Wedge has broken through the resistance line at 31-Jul-16:00 2015 GMT. Possible bullish price movement forecast for the next 3 days towards 0.739.
Resistance Levels :
( B ) 0.7345Last resistance turning point of Falling Wedge.
Support Levels
( A ) 0.7235Last support turning point of Falling Wedge.
Target Level : 0.7394
Target Period : 3 days
Analysis :
Falling Wedge has broken through the resistance line at 31-Jul-16:00 2015 GMT. Possible bullish price movement forecast for the next 3 days towards 0.739.
Resistance Levels :
( B ) 0.7345Last resistance turning point of Falling Wedge.
Support Levels
( A ) 0.7235Last support turning point of Falling Wedge.
Tuesday, July 28, 2015
Chart EUR/USD
Summary :
Target Level : 1.0929
Target Period : 2 days
Analysis :
Channel Up identified at 28-Jul-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.093 within the next 2 days.
Resistance Levels :
( B ) 1.113Last resistance turning point of Channel Up.
Support Levels
( A ) 1.0929Last support turning point of Channel Up.
Target Level : 1.0929
Target Period : 2 days
Analysis :
Channel Up identified at 28-Jul-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.093 within the next 2 days.
Resistance Levels :
( B ) 1.113Last resistance turning point of Channel Up.
Support Levels
( A ) 1.0929Last support turning point of Channel Up.
Thursday, July 23, 2015
USD/CHF Forex Chart
Summary :
Target Level : 0.9562
Target Period : 3 days
Analysis :
Triangle identified at 23-Jul-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.956 within the next 3 days.
Resistance Levels :
( B ) 0.9632Last resistance turning point of Triangle.
Support Levels
( A ) 0.9562Last support turning point of Triangle.
Target Level : 0.9562
Target Period : 3 days
Analysis :
Triangle identified at 23-Jul-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.956 within the next 3 days.
Resistance Levels :
( B ) 0.9632Last resistance turning point of Triangle.
Support Levels
( A ) 0.9562Last support turning point of Triangle.
dollar crawled off one-week lows
The dollar crawled off one-week lows against the yen in early trading on
Thursday, while the New Zealand dollar rallied after the central bank there made
a smaller cut to interest rates than some had expected.
The kiwi dollar climbed to a peak of $0.6654, from $0.6570 before the central bank rate policy decision, and was last up 0.8 percent on the day at $0.6629, moving away from a six-year low of $0.6498 plumbed on July 14.
The Reserve Bank of New Zealand (RBNZ) trimmed rates by 25 basis points, while some investors had expected a more aggressive 50-basis-point cut to counter growing economic headwinds.
The kiwi dollar climbed to a peak of $0.6654, from $0.6570 before the central bank rate policy decision, and was last up 0.8 percent on the day at $0.6629, moving away from a six-year low of $0.6498 plumbed on July 14.
The Reserve Bank of New Zealand (RBNZ) trimmed rates by 25 basis points, while some investors had expected a more aggressive 50-basis-point cut to counter growing economic headwinds.
Wednesday, July 22, 2015
stock market
Why does the stock market go up and down? Theses fluctuations occur partly because companies make money, or lose money, but it is much more involved than that. A stock is only worth what someone will pay for it. Usually, if a company makes a lot of money, its value rises, because people are willing to pay more for a company's stock if the company is doing well. There are many other factors that affect the value of stocks. One example is interest rates, or the amount of money you have to pay a bank to loan money, or how much it has to pay you to keep your money in their bank. If interest rates are high, stock prices generally go down.
Tuesday, July 21, 2015
EUR/USD
Despite the improvement today, market sentiment for the pair remains quite bearish. What we could potentially be seeing is the early stages of a consolidation or correction in the pair. Given that the pair spent most of the last week on the decline, it would not be surprising if it was the latter.
A look at the weekly chart would support this view with last week’s candle a marabuzo being very bearish. It’s worth noting that this can often be followed by a small move in the opposite direction despite it being so. The key test comes around the marabuzo line the mid-point of the candle as this holding is seen as being a bearish confirmation signal.
The first level of resistance for the pair comes around 1.0907, Friday’s high which also roughly coincides with 7 July lows. The rejection at this level on Friday could have been seen as confirmation of the ongoing sell-off, but the lack of momentum and failure to break through the 1.0820 support suggests otherwise.
A look at the weekly chart would support this view with last week’s candle a marabuzo being very bearish. It’s worth noting that this can often be followed by a small move in the opposite direction despite it being so. The key test comes around the marabuzo line the mid-point of the candle as this holding is seen as being a bearish confirmation signal.
The first level of resistance for the pair comes around 1.0907, Friday’s high which also roughly coincides with 7 July lows. The rejection at this level on Friday could have been seen as confirmation of the ongoing sell-off, but the lack of momentum and failure to break through the 1.0820 support suggests otherwise.
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