Forex News and Analysis That Make the Difference
USA ISM Non-Manufacturing PMI 56.0 better than 55.0 that was expected; ADP Non-Farm Employment Change came 198k; Factory Orders -2%, better than -2.2% forecast; Trade Balance -44.4B; Unemployment Claims 340k; Consumer Credit 16.2B … [Continue reading]
Interval: Daily Wheat is traded now at eight month lows, as we can see on the chart under the 7$/bushel support. This is mainly because the World crop forecast got to 690 m tons. In the USA the snow that fell over the wheat fields is helping … [Continue reading]
Interval: Daily The down trend was signaling exhaustion on the last impulses. It dropped under 1.3 level but couldn't go any further, possible reversal was signaled by the technical indicators (divergences on oscillators and important support … [Continue reading]
Interval: Daily Last year Heinz had realized a good profit after the sales went up to $11.6 billion. Now they are looking overseas for growth and are betting on the emerging markets, expecting a quarter of the company's sales this year to … [Continue reading]
Interval: Daily Looking at a daily chart, we can see a straight up move that started at the end of January. The price went through the 81.42 key level and after that retested it. Now it is on an open road to a Bearish Bat PRZ that is situated … [Continue reading]
Interval: H1 Getting back to an older analysis of the EURUSD we will observe that the price got really close to a very important area formed from a 50% retrace and 1.3 support level. Looking back on a lower time frame, H1 , for a fine … [Continue reading]
