probably noticed that as of late, that the once highly volative and active
EURUSD has seen very low volatility and narrow trading ranges. On Wednesday,
the pair was up by 0.1% for the day, during the US session, marking a daily
move of 10 pips. While it is still the most globally traded pair, this
volatility is not enough for traders to base their strategies on.
The truth is,
between July and October the pair has barely moved. Its July highs were at 1.20
and lows at 1.16. In simpler terms, its range is at 400 pips over the period of
three months, and on most days more…
has been said about the bull market in precious metals as gold rose 40% from
March lows to August highs, while silver notably outperformed that and posted a
150% increase in the same time-frame. All this happening within 6 months is
However, since August highs, both metals are plunging – gold is lower by 10%, and silver by 25%. That’s understandable, considering the steep rally in metals over the previous months.
million-dollar question is; what happens next?
big drop in gold and silver has primarily been driven by dollar strength. The
dollar index hit a two-month high on Wednesday. Investors have moved to the USD
due to more…
During last week, the pair was going up, coming off slowly from the support line of the wide uptrend channel since last December. If we look to the pair movement through this channel, we can notice that movement in May was indicative (two previous movements took almost the same time) and fast movement from its upper boundary to the lower. However, the probability to break the support of the uptrend channel was quite big.
At least Federal Reserve members were helping it a lot, showing, one after another, that possibility and necessity of a soon policy tightening exists. Still market participants were more…
Last week the Federal Reserve members performed active campaign for changing of market expectations about interest rates. Fed Reserve representatives referred that market volatility calmed down in comparison with the situation in the beginning of the year, while more economic indicators came to the normal levels. Moreover, April FOMC minutes have reflected either that the Committee is seriously considering the rates increase in June. We would like to mention that previous data, possessed by the Committee, were much worse than those noticed during last weeks. Simultaneously, Federal Reserve is observing foreign financial markets cautiously watching out for volatility.
They do not say more…