Market Forecast 18/10/2017

FTSE 100 is slightly correcting lower, but remains supported. SPX 500 would continue to move higher in the near term. FTSE 100 Index Forecast – Corrections Are Limited Key Points The FTSE 100 index after forming a short-term top at 7,564 started a downside move. There is a short-term descending channel forming with support at… Continue reading Market Forecast 18/10/2017

These are the 7 most promising Cryptos right now

If you’ve invested 8,000 dollars 10 months ago, today you would have 290,000 dollars in your pockets, you would actually have to buy more pockets! Years ago, people thought about various ways of trading worldwide using a singular currency, one that makes the trading process transparent yet anonymous.A trading system that will have top-level security,… Continue reading These are the 7 most promising Cryptos right now

Toys R Us pays the price for reading the map too late

The rapid technological development on the one hand and the slow reaction of the toy giant on the other led to its collapse, even though this is a brand whose products are found in almost every home. It was sad to read the announcement about of Toys R Us’ collapse as one of the leading… Continue reading Toys R Us pays the price for reading the map too late

Market Forecast 20/09/2017

EUR/GBP likely completed a correction and would resume its downtrend below 0.8880. USD/CHF is under pressure and approaching a short term break below 0.9600. EUR/GBP Forecast – Euro To Resume its Downtrend Key Points The Euro has started a major downside move and is currently trading below the 0.8900 handle against the British Pound. There… Continue reading Market Forecast 20/09/2017

Market Forecast 19/09/2017

EUR/USD is likely to break 1.2000 again, USD/JPY remains in an uptrend and GBP/USD might correct a few pips lower in the near term. EUR/USD Forecast – Euro to Break 1.2000 Key Points The Euro after finding support near the 1.1840 level against the US Dollar recovered well. There was a break of a major… Continue reading Market Forecast 19/09/2017

Market Forecast 18/09/2017

The GBP/JPY pair remains in a bullish trend above 148.00 and dips present buying opportunity. On the other hand, upsides remain capped near 0.7250-0.7260 in NZD/USD. NZD/USD Forecast – Upsides Remain Capped Key Points The New Zealand Dollar managed to find bids near 0.7190 against the US Dollar, and recovered. There is a bearish trend… Continue reading Market Forecast 18/09/2017

Bitcoin is a fraud – said JP Morgan CEO Jaime Dimon

The Bitcoin dropped 8% after JPMorgan’s CEO claimed it is a fraud “It won’t end well, the Bitcoin will explode,” Jamie Damon said 3 days ago, sending the price of the digital currency below $4,000. Investors reacted nervously, Dimon words came from the background threats of the regulators in China to block all digital currency… Continue reading Bitcoin is a fraud – said JP Morgan CEO Jaime Dimon

Market Forecast 14/09/2017

CAC 40 Index Forecast – Dips Remain Supported Key Points The CAC 40 index recently traded higher and moved above the 5,200 level before facing resistance. There was a break above a key bearish trend line with resistance at 5,100 on the 4-hours chart of CAC 40 Index. Today in the Euro Zone, the French… Continue reading Market Forecast 14/09/2017

Market Forecast 13/09/2017

EUR/JPY Forecast – Euro Remains In Uptrend Key Points The Euro traded higher recently and moved above the 131.20 resistance against the Japanese Yen. There is an expanding triangle forming with support at 131.70 on the hourly chart of the EUR/JPY pair. Today in the Euro Zone, the German Consumer Price Index for August 2017… Continue reading Market Forecast 13/09/2017