Goldman Sachs: There is a direct intervention to weaken the USD

Goldman Sachs’ Zach Pandl told that there is a “strengthening case for dollar intervention at this point.” “We do think that there is a rising case for direct intervention to weaken the dollar by U.S. authorities,” Pandl told. “This is something that is fairly uncommon, so we need to be taking it somewhat seriously, but […]

USD under pressure on growing expectations that Fe will cut interest rates

The yen and the euro rose against the dollar on Monday on growing expectations that the U.S. Federal Reserve will cut interest rates at its policy review this month to protect the economy from the rapid spread of the coronavirus. As U.S. shares were routed in recent days, Federal Reserve Chair Jerome Powell said on […]

Trading plan for USD/CAD

The CAD has been under more intense selling pressure over the past week as fears over the hit to global growth from COVID-19 disruption have continued to build. The CAD is being undermined by the pick-up in financial market volatility… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]

Citi recommended short EUR/USD

Citi short EUR/USD at 1.0850 target 1.0500 stop 1.1010 Citing euro as particularly vulnerable against the USD with a China-centric growth disappointment spread of coronavirus to Italy could hamper Europe GDP growth. EUR still one of the best carry shorts against the USD in G10. EUR fundamentals poor , short term rates negative.

Dollar dominates as investors dump yen as safe haven

The yen was headed for its worst week in two-and-a-half years on Friday, as worries about the coronavirus’ spread in South Korea, Japan and Beijing drove funds from Asia to the towering U.S. dollar. Two days of heavy selling, following weak domestic data and growing fears about the virus’ economic fallout, has the yen at […]

Turkey imposes tighter controls on lira

Turkey has further tightened controls imposed on the lira as it pushes ahead with efforts to manage the country’s currency even as it cuts interest rates and seeks a return to fast-paced growth. The banking regulator announced curbs on Sunday night aimed at limiting currency speculation by foreign traders after the lira weakened beyond 6 […]

EUR / JPY – The price action is screaming (Intraday)

EUR / JPY – H1 Our expectations: Long by the trend after correction. The price makes niw highs and lower bottoms. Correction to the lower border of the trend channel. Price action: Dodgy on a support level Indicators: Correction to… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]

USD / JPY: Signals for decrease

USD / JPY Forex Technical Analysis D1 | Our expectations: Trend – short, medium movement long. The price has reached an extremely strong level of resistance, which gives a good opportunity for near-stop entry and good risk/reward ratio. Price in area of ​​diagonal resistance. Price action: Pin bar of a resistance level Indicators: Price above […]

GBP / USD: The current correction provided good levels for the long by trend

GBP / USD D1 Our expectations: Trend – long and short term correction. We see a signal for the end of the correction after the price has reached the support zone. Indicators: Test of 38.2% Fibonacci, the price holds above. Test of 50SMA, price holds above, price above 200SMA. The MAs are stacked in a […]

USD/JPY at a huge resistance levels

USD / JPY Forex Technical Analysis D1 | Our expectations: Trend – short, medium movement long. The price has reached an extremely strong level of resistance, which gives a good opportunity for near-stop entry and good risk/reward ratio. Price in area of ​​diagonal and horizontal resistance. Price action: Pin bar of a resistance level Indicators: […]