12 Jul 2015 @ 23:32
Last week, the EUR/JPY tested the demand zone at 133.50 several times, but it was unable to break it to the downside. From that demand zone, the price skyrocketed by 350 pips, closing around the supply zone at 137.00. Further bullish movement towards the supply zone at 138.00 would result in clean Bullish Confirmation Pattern […]
11 Jul 2015 @ 09:15
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards in the first few days of last week, challenging the support line at 1.0950. From that support line, price went upwards by 250 pips, reaching the resistance line at 1.1200. The upward movement has been a threat to the existing […]
10 Jul 2015 @ 10:57
The markets breathed a sigh of relief this morning after Greek PM Alexis Tsipras met the deadline to present his proposals for debt relief to the eurozone financial leaders. The FTSE100 opened up 72.84 points, as the possibility of a Grexit receded. Recovery of the Chinese markets also helped the FTSE to rise. The euro […]
08 Jul 2015 @ 11:20
“When I put on a trade, all I expect is that something will happen.” – Mark Douglas With a great interest, I’ve been watching the events in the Eurozone. I didn’t write about Greek debt crisis because I wanted to see how things turned out. Many economists and financial journalists have written interesting articles about […]
08 Jul 2015 @ 09:15
The leaders of the eurozone countries have given Greece until Thursday to come up with new proposals for a deal with creditors. At yesterday’s meeting, they had expected Greece to present a new plan following the No vote in Sunday’s referendum, but the new Greek finance minister had nothing new to offer to help secure […]
06 Jul 2015 @ 11:42
After the Greek voters rejected the terms of the bailout programme on Sunday, market reaction has been more subdued than some may have expected. The referendum results came in with 61.3% voting “No”, versus 38.7% who voted “Yes”. But the big decider could come today at the European Central Bank where the governing council will […]
06 Jul 2015 @ 10:26
Yesterday, the Greek people voted No to the harsh bail-out conditions the creditors want to impose on the country. This morning the markets responded to the referendum: the European and Asian markets have fallen, as has the euro. London’s FTSE 100 (
FTSE:UKX) dropped 0.9%, the Paris Cac 40 fell 1.4%, Frankfurt’s Dax 1.6% and Japan’s Nikkei […]
06 Jul 2015 @ 00:04
The citizens of Greece, the birthplace of democracy made it abundantly clear that they are unwilling to accept the terms of an extended bailout of their broken economy. It is clear that they are tired of living under austerity measures under which, like most major things financial, cause the greatest suffering to pensioners and the […]
05 Jul 2015 @ 23:55
The USD/JPY is currently a market in which short-term traders and scalpers thrive. There have been short-term swings in the market – as the price oscillates between the supply level at 124.00 and the demand level at 122.00. There is a need for a break above the aforementioned supply level or demand level before there […]
04 Jul 2015 @ 08:36
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Current events in the Eurozone will continue to shape the movement of EURUSD and other EUR pairs this week. Last week, price opened with a gap-down of about 200 pips before an upward bounce of over 300 pips occurred on Monday. On Tuesday, price […]