Yohay Elam | TalkMarkets | Page 168
Contributor's Links: Forex Crunch
Yohay Elam has been into forex trading for over 5 years, and shares the experience and the knowledge accumulated after taking a short course about forex. Like many forex traders, Elam has earned the significant share of his knowledge the hard way. Macroeconomics, the impact of news on the ...more

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GBP/USD Favors The Downside Amid Political Worries, BOE Echoes
Why is Sterling weak? The mean reason is the dovish hike from the BOE. Nearly a week after that move, the pair finds it hard to recover. The Bank of England seemed very reluctant to raise interest rates and clearly signaled it is a one-off.
GBP/USD To 1.25 During The Next 6 Months – BNPP
GBP/USD has been hit by the BOE but has not gone too far. The pair still maintains the range. What are the long-term prospects for the pair?
AUD/USD Bounces, But It Is Forming Lower Highs
The Australian dollar lost its high range in late October and seems to have stabilized at a new range. Support is found at 0.7625 and resistance is at 0.7730. Any drop to the downside was followed by a rise to the upside in recent days.
USD Under Some Pressure Amid Tax Delay Talk
There are reports about a delay in the corporate tax cut. The Washington Post says that a delay of one year could happen due to disagreements. Republicans control the House and the Senate but have failed to reach agreements among themselves.
EUR/USD: Can It Move Up From Here? Two Opinions
Societe Generale Cross Asset Strategy Research notes three key indicators pointing to a market sentiment which remains robustly bullish on the Euro.
USD/JPY: Still The Best Vehicle To Play US Tax Reform; Where To Target?
USD/JPY made an attempt to move to the upside, temporarily rising above 114.50, but retreated back under 114. What’s next?
The Greenback Remains In The Green Amid An Upbeat JOLTs Report
The JOLTs jobs report came out at 6.093 million against a drop under 6 million annualized that was expected. The previous month saw a minor revision to 6.09. All in all, the labor market looks healthy and stable.
EUR/USD Looks Depressed Ahead Of Draghi – Another Drag?
EUR/USD is getting used to a lower range. While the moves are limited, the limits of the range are well-defined. The pair trades between support at 1.1575 and resistance at 1.1620. This is the lower end of the recent trading ranges.
GBP/USD: Consolidation Or Further Falls?
The market reaction to the BoE’s hike announcement last week seems to have neglected some of the hawkish messages of the Inflation Report and we would not be surprised to see some short-term rate re-pricing in the coming weeks, supporting GBP.
EUR/USD: Add Shorts On Any Rally Into 1.17-1.18
EUR/USD is drifting lower, trading just under 1.6. What’s next?
USD/JPY Peeks At An 8-Month High - Has It Peaked?
Is this the first exploratory move before the big break? Or just a false one before a downfall? USD/JPY topped the 114.50 level it reached in July and hit a new high of 114.73, the highest level since March.
Companies Dabbling In Cryptos And Making Big Bucks
Small businesses that seek to go global, established tech companies and startups can benefit from the rising popularity of cryptocurrency.
EUR/USD: October’s Right Shoulder Breakdown Targets 1.1320; Staying Short – BofAML
EUR/USD has been pressured to the downside, mostly due to the dollar’s strength. What’s next? The team at Bank of America Merrill Lynch examines the technical charts.
WTI Crude Oil Breaks To Highest Since 2015 – Levels
Prices of oil have been creeping higher for quite some time, and now they have finally made the break higher, topping the strong resistance line of $55.20. The high so far has bee $55.61.
EUR/USD Forecast Nov. 6-10, 2017
EUR/USD was looking for a new direction in a busy week. The common currency faces yet another busy week with PMIs, trade balance and more.
AUD/USD Unable To Rise On Weak Retail Sales
AUD/USD pair dropped some 40 pips and lost the 0.77 level, trading at 0.7670. Support awaits at 0.7640 and is followed by 0.7570. Resistance is at 0.7730.
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