Is it time to buy EM currencies

Pimco is touting emerging market currencies, particularly in Asia. The bloc is worth buying on prospects for a US-China trade deal, they say. “According to our valuation models, currencies around emerging markets are closer or close to the cheapest levels in the last two decades,” said Roland Mieth, emerging-markets portfolio manager at Pimco in an […]

Saudi Arabia has frozen all trade investment with Canada

The price is in a strong support zone formed by the main diagonal of the upward trend as the internal trend being tested. Price action – forms an inside bar. DeMarker shows that he has a divergence and points upward from an over-selling area. USD / CAD, supported by the fundamentals and technical features, we […]

The BTC investors will watch the key level of $2,877

Bitcoin’s more-than 20 percent slump this week on China’s reported plans toshut down cryptocurrency exchange trading has investors speculating when it will drop below the key psychological level of $3,000. But the level to watch may be just beyond that threshold: $2,877. Not only is that bitcoin’s intraday high on Aug. 4 — about the time […]

CAD/JPY: a series of “bullish” signals, possible reverse

CAD/JPY: D1: Possible change in the price tendency, after the price made a higher high. Correction till support and 61.8% Fibo Price action for a rise: Engulfing bar and another one with a long shadow – bullish signal Breakaway of the horizontal resistance at 82.25 CCI (50) above -100 levels Lets take a look at […]

USD/JPY: maintains its long movement, is it time for a new long?

USD/JPY: Breakaway of the diagonal resistance, reversed for a test. Possible H&S formation with a breakaway of the neck line and test. Price action signal for a long movement, engulfing bar on support levels, test of the neck line of the H&S figure. CCI(50) above 0 levels, CCI(14) going above -100 – bullish signal. 20 […]

Supports and resistances on the major currency pairs

USD/JPY — Re-tests 200-DMA at 108.87; needs to reclaim levels above 109.22 to ease downside pressure 3rd resistance: 109.85-87, ichimoku line, April 12 high 2nd resistance: 109.22, April 18 high 1st resistance: 109.05-06, yday’s point-of-control, upper value line Spot: 108.91 1st support: 108.13, April 17 low 2nd support: 107.87, 61.8% Fibonacci of Nov./Dec. rise 3rd […]

Eurodollar shorts remain at record levels

The fear of surprise on Sunday, 23rd of April, during the French presidential election cause investors to position themselves Short on EUR/USD. The short on the options reached record levels, last seen during the recession and the financial crisis in Greece back in 2011. If the results from the election comes as a surprise to […]

TD DeMarker signals that a new long movement is possible in AUD/USD

AUD/USD, D1, 12.04.2017 Mid-termed rising movement, with correction till horizontal and diagonal supports, as well as 50% Fibo. The Sequential Demark indicator reached 13, where we can place long positions. Price on diagonal and horizontal support levels. Pin bars on support levels and 50% Fibo. Indicators: DeM in over-sold levels, turning around. SL: 0.75400 Alternative […]

NZD/JPY may be top risk appetite gauge among G-10

Forget the USD/JPY. An investor trying to gauge risk appetite in currency markets should look at NZD/JPY, writes Bloomberg strategist Masaki Kondo. NZD/JPY holds a 5-year correlation of 0.70 with MSCI ACWI Index, the highest among all yen crosses against G-10 currencies. NZD/JPY falls as much as 0.9% to 77.09 Tuesday, breaking below 200-DMA for […]