Trading CFDs carries considerable risk of capital loss. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
September 27, 2017
In September, the two major banks in the world have shown how the normalization of the monetary policy will continue, but at the same time will be accompanied by a long period of low rates.
The BCE in October will likely present its tapering plan for 2018 while the Federal Reserve last week officially stated that in the tenth month of the year the balance sheet will be reduced with $ 10 billion of securities to be sold on the market. In December rates will come back to 25 basis points. This event could hurt the emerging bullish currencies that are usually damaged by the strengthening of US Dollar and the rise in rates.
UsdMxn is still anchored to the bullish regression line with prices slightly moved above 17.50, a critical level and above all a decisive medium-term perspective. If the Mexican peso wants to have the ambition to go further it must necessarily break down this level. The problem is, however, the descent that has occurred too quickly and requires to dispose the excesses of optimism. RSI also seems to indicate the possibility of a rebound for UsdMxn.
The month of December is approaching and the South African majority party will have to elect its leader There is a chance that President Zuma will be put aside. The South African Rand has begun to lose his strength and despite a weak global dollar, earnings have not come. UsdZar moves within a very precise triangle with an inviolate support in the 200-week moving average. The exit from the triangular configuration will start the new trend. The resistance of 13.50 is probably the most important price level. Going beyond it would mean a restart of the bull market.
Area 3.10 of UsdBrl is confirmed as a decisive support. For more than a year now, this level responds appropriately to the fall attempts that would open the door to the strengthening of the Brazilian Real. At this point the trading range should continue with a return to 3.30 / 3.40. Only above these resistances (or below 3.10) the trend will become clearer in a future 2018 optic.
New historical top in September for EurTry, which in 18 of the last 20 years ended in a rise for the cross. Statistics will probably be upgraded to 19 out of 21, but what matters now is to figure out how to behave with a highly undervalue currency asset but technically not yet in place.
The graph here above can be of support in finding a primary top for EurTry.
The 30-year change rate above 20% is in fact a reliable signal to show a rise excess, but only after the fall of the same indicator down to a negative territory. This condition is formalized at the end of August. A long trade cannot be tried at least until the ROC is positioned at least above the 20% of the pitch. Right now we're halfway ...
February 03, 2019
The GBPUSD pair has seen a strong rise in 2019 so far. The technical picture on the daily chart even suggests that there's more upside ahead.
May 15, 2018
This month is once again particularly eventful for the emerging world.
May 04, 2018
The dollar is the protagonist again thanks to the combined effect of 10-year US yields at 3% and a less aggressive ECB pressing on the need to normalize the monetary policy in Europe.
April 22, 2018
Bitcoin has been in a falling trend since the start of the year, but the cryptocurrency is currently attempting to break above resistance.
April 19, 2018
The month of April is proving to be full of events for emerging currencies which have suffered from the intensification of trading tensions between United States and China concerning duties, but also from the renewed political tensions between United States and Russia over the Syrian issue.
April 05, 2018
After the month of March we are now entering the month of April, in which the seasonality produces its effects.
March 22, 2018
The emerging currency market is waiting for the evident rise in rates in the United States from the Federal Reserve.
March 08, 2018
A more “hawkins” Powell than expected gave a nice boost to the US dollar with the 2-year interest rates back to 2.25%.
February 21, 2018
February has been quite a volatile month so far for the emerging currencies market together with some interesting strengthening stories (South African Rand) and others not so much (see Brazilian Real and Russian Ruble).
February 08, 2018
The month of February started with a weak Dollar against all the major world currencies, a situation that, in a slightly disordered way, Draghi first and then Trump tried to contain with the usual declaration of the need for a strong Dollar.
January 24, 2018
The month of January was quiet with some currencies that emerged against the US dollar.
December 21, 2017
December has not been volatile so far on emerging currencies as in other years when movements on exotic currencies tended to be more important.
December 07, 2017
The usual analysis of the beginning of the month starts with the main exchange rates in a very interesting month for many reasons.
November 24, 2017
The month of November is proving to be very tormented for emerging currencies, but there is much more than this.
November 07, 2017
November started with a somewhat anonymous Federal Reserve meeting that still does not dismantle the market expectations of a new rate hike in sight for the latest 2017 meeting in December.
October 25, 2017
A negative September for emerging currencies that lost 3% against the Dollar from the peak of the ninth month of the year.
October 13, 2017
In the month of October a lot of attention will be focused on Europe for political reasons as well as for economic reasons.
September 24, 2017
When Charles Dow invented swing trading in the late 1908, he could not imagine such a great diffusion of this simple global yet very effective technique.
September 13, 2017
The ECB meeting of last Thursday officially reopened the final part of 2017 for financial markets.
September 07, 2017
September is usually a particularly interesting month for every financial market because it follows August miserable macroeconomic data and appointments with major central banks.
August 18, 2017
August is usually a volatile month for emerging currencies but it is also useful in estimating possible entry points for any tactical trade in the last part of the year.
August 03, 2017
In the month of July the Dollar has been the negative protagonist and the Euro the positive one, with other currencies more commodity-oriented and capable of earning different positions.
July 31, 2017
August is traditionally a volatile month for the currency and financial world in general and therefore the economic data that could represent a market mover must be kept under close observation.
July 05, 2017
The emerging world starts the month of July under unfavourable conditions. June has been a difficult month for some currencies, first of all the Russian Ruble and then the Brazilian Real, due to rising rates in the US, but also to the continued deterioration in oil prices.