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  • Squawk / Saturday at 10:57 GMT
    Senior Analyst /
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (August 29 – September 2, 2016)

    Dominant bias: Bullish
    The bias on this pair is precariously bullish. Price came down 120 pips on Friday, in the context of a weak uptrend. A movement below the support line at 1.1100 would result in a clean Bearish Confirmation Pattern in the market, while a movement above the resistance line at 1.1350 would strengthen the ongoing bullish bias on the pair. This week would determine whether things would turn bearish or things would become more bullish in the market.

    Dominant bias: Bearish
    Just as it was prognosticated last week, a short-term weakness of CHF (which was weak versus other majors as well), coupled with a noticeable bullish effort on EURUSD, was able to cause a rally on USDCHF, which rallied 170 pips last week. USD also became strong in its own right, especially on Friday, August 26, 2016.

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  • Calendar event / Friday at 8:30 GMT

    GB GDP 2nd estimate

    Med GDP, Q/Q%
    Med GDP Yearly First Estimate
    Med GDP, Y/Y%
  • 4d
    Stephen Pope Stephen Pope
    Hello Andrisnalin,

    This may sound lame but in CFA theory class "Medium-Term" is an asset holding period or investment horizon that is intermediate in nature.

    The exact period...
    andrisnalin andrisnalin
    Thanks Stephen for your explanation, and also for your thoughts on close future movements of this pair. I'll follow the actions closely. Cheers
    AVLion AVLion
    Again your assumptions are more realistic than what market taking it to.
  • Article / Tuesday at 5:01 GMT

    3 Numbers: Eurozone Composite PMI likely to tick lower

    editor/analyst /
    United States
    3 Numbers: Eurozone Composite PMI likely to tick lower
    Today’s flash PMI data for the Eurozone will provide more context for deciding if the macro outlook is stabilising after a challenging summer of data updates. Meanwhile, the UK manufacturing sector isn’t likely to provide optimists with useful talking points any time soon while new-home sales in the US are on track to fall.
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