Eliot

EURUSD currently has a score of -1, or a Neutral rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that the EUR has a long percentage of 66.98%, and we see that the USD has a long percentage of 75.06%. This category receives a 0, as

Partner CenterFind a Broker     We’ve got a potential reversal in the works on AUD/NZD as the pair retests a strong area of previous resistance. Will upcoming top tier data from Australia and New Zealand bring in the bears?    AUD/NZD Range Resistance? AUD/NZD Weekly Forex Chart On the weekly ch

Swiss franc holds onto gains after the ECB meeting. US dollar under pressure: ignores US data and DXY slides to six-day lows. The USD/CHF pair is falling sharply for the second day in a row. It is holding under 0.9100 and also below the 20-day moving average. After the European Central Bank (ECB) m

Photo: ATFX AT Global Markets (UK) Limited (ATFX UK), a foreign exchange broker, has published its financial results for the year ended on the 31st of October 2019, revealing a significant increase in turnover for the period, but still closing out the year at a loss. Regulated by the Financial Con

Photo: Reuters The Credit Suisse Group is expected to announce the merger of its investment banking unit and capital markets unit and also its risk and compliance units, thus reversing the splits made five years ago. Reported by The Straits Times on Wednesday, Thomas Gottstein, the chief executive

Photo: FM New Traders, Evolving Demands As the industry continues to grow, so do the demands that traders place on the risk management capabilities of brokerages.   Since the early 2000s we have seen brokers go from offering single asset classes with B-book only risk management, through to multi-a

GBP/JPY extends pullback from a three-week top of 135.41. Overbought RSI stopped buyers from confirming a bullish chart formation. Sustained trading beyond 200-bar SMA signals further upside. GBP/JPY seesaws around 135.00 amid the pre-Tokyo open trading on Wednesday. The pair stepped back from a mu

Japanese Finance Minister Taro Aso said on Tuesday, the government doesn’t have any plans to review the primary budget goal, at the moment. “We can avoid a credit rating downgrade if stimulus spending succeeds in reviving the economy,” Aso added. USD/JPY rides the renewed risk-on wave USD/JPY bounce

Risk is getting knocked down in Asia, as Beijing announces tightening of lockdown measures, in response to containing the resurgence of the coronavirus pandemic in the city. The Chinese capital has ordered no residents to leave the city. Global Times reports, “after Beijing raised its emergency resp

AUD/USD struggles to print gains as China reports a bigger-than-expected drop in PPI.  Consumer inflation also rose at a slower pace in May. Dismal Aussie Home Loans data could be adding to bearish pressures around the AUD. AUD/USD's recovery from the session low of 0.6933 looks to have stalled ne

The US Federal Reserve (Fed) officials are studying Australia’s program to buy government securities in unlimited quantities to peg some yields at low levels, cited a gated editorial article carried by the Wall Street Journal (WSJ) on Sunday. Key points “Fed officials are thinking hard about a new t

Personally, would like to see Gold come back down and retest before I enter any positions. My overall bias is long with an ascending channel formation being shown, however, after a short period of a counter trend and test of the channel support we now see price going back up. Lets see if we get the

Photo: Finance Magnates Monzo co-founder Tom Blomfield steps down as UK CEO to take up the newly created role of president, according to market sources. TS Anil, currently US CEO, will become the new “Monzo UK Bank CEO,” subject to regulatory approval, and for now will hold both UK and US roles.