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  • Squawk / Yesterday at 10:41 GMT
    Senior Analyst /
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (May 4 - 8, 2015)

    Dominant bias: Bullish
    Last week, this pair moved north by over 420 pips. Price moved above resistance lines at 1.1250 and later fell below it, closing just below the resistance line at 1.12000. While it is not impossible for EURUSD to reach the resistance lines at 1.1300 and 1.1350, the outlook for this week (and this month) is bearish. This means that EURUSD might go further higher, but the risk of the beginning of a downward trend is very high this week.

    Dominant bias: Bearish
    This currency trading instrument has been under bearish pressure as a result of the strong bullish trend on EURUSD. Price broke through the resistance levels at 0.9400 and 0.9350 last week, testing the support level at 0.9300.

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  • Editor’s Picks / Friday at 15:35 GMT

    Oil may topple from its perch

    After a stellar month for beaten-down oil markets, the risk of another sharp slide downwards may be around the corner. Brent crude and WTI futures, the two global benchmarks for oil prices, rose almost 20% last month, CNBC's Dhara Ranasinghe reports. Oil markets delivered their best monthly gains for six years thanks to weakness in the US dollar and a view that the global supply glut would abate. But analysts now caution that the rally is probably premature and that the market is fundamentally oversupplied.
    Read article on CNBC
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  • Calendar event / Friday at 14:00 GMT
    High Manufacturing PMI
    Med Prices Index
    Med Employment Index
    Med Inventories
    Med New Orders Index
    Med Production Index