2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 January February March April May June July August September October November December 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Forex Forum Archive for 12/03/2016
Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.
GVI Trading 20:13 GMT December 3, 2016
Mays Brexit plans face British Supreme Court test -- Reuters.com
"Prime Minister Theresa May's government launches a challenge on Monday against a court ruling that it requires parliamentary approval to start the process of leaving the European Union, a decision that could upset Britain's Brexit plans.
If the Supreme Court, the United Kingdom's highest judicial body, dismisses the government appeal it could derail May's timetable for triggering Article 50 of the Lisbon Treaty and leaving the EU..."
The government's legal fight comes against a backdrop of claims by some politicians and newspapers that establishment judges want to thwart the Brexit process.
Mays Brexit plans face British Supreme Court test
Amsterdam NordFX 18:13 GMT December 3, 2016
Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 05 - 09 December 2016
First, a review of last week’s forecast:
- With a few minor allowances, last week's forecast for EUR/USD can be considered fulfilled. As a reminder, the indicators on H4 predicted a sideways trend, one third of the experts expected the pair to rebound into the 1.0650-1.0700 area, and the remainder referred to the level of 1.0500 as a support level. Graphical analysis pointed to the sideways channel in the 1.0500-1.0720 range. The pair did, in fact, end up spending the whole week traveling eastwards. However, the pair never actually managed to reach the aforementioned support level: this week’s low-point was 50 points higher at 1.0551. However, it entered the resistance zone three times, reaching the level of 1.0690 on Friday;
- The forecast for GBP/USD was talking about a lateral movement of this pair with a dominant bullish trend. However, it turned out that the "dominant" did not do the bulls justice as a descriptor. From Monday to Wednesday the pair, as expected, was moving sideways, oscillating in the 1.2385-1.2530 range. After that, however the bulls, regaining their strength, made a great stride northwards, and in a matter of hours won 200 points from the bears. As a result, the pair finished the week at the level of 1.2730;
- Giving the outlook for USD/JPY, we noted that the pair had reached the corridor where it was moving in February-March 2016. Its upper boundary was within 113.80-114.85, whilst the lower boundary was at 110.80. At the same time, resting on the assumption that the pair was overbought, 55% of the experts expected a decline of the pair at least to the level of 111.35. That is exactly what happened. On Monday, the pair went down precisely to the aforementioned support, then turned around and went to the upper boundary of the corridor, stopping at the height of 114.82. Then it rebounded and completed the week’s session in the 113.50 area;
- USD/CHF. Here, as it often happens, graphical analysis proved to be almost 100 percent accurate, pointing to a sideways trend within the 1.0100-1.0190 range. In fact, the pair kept within the 1.0070-1.0200 range, meaning that the forecast error did not exceed the typical margin of 25-30 points.
Forecast for the upcoming week:
Summing up the opinions of several dozen analysts from world leading banks and brokerage companies, as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:
- Predicting the future of EUR/USD, the indicators on H4 actively recommend its purchase. D1 indicators, on the other hand, have taken a neutral position. 65% of analysts tend to the view that the pair will again test the December 2015 low at 1.0510 and will possibly descend to the March 2015 low of 1.0460. As for graphical analysis, it clarifies that a significant upward rebound to the resistance in the 1.0900 zone may follow. It should be noted that at the time of this forecast’s writing the results of the referendum in Italy are still unknown. It is only natural to assume that these results can make significant adjustments to the determination of euro currency pair rates;
- It is absolutely clear that when predicting the future of GBP/USD almost all indicators point to the growth of the pair, with only a fifth of the oscillators saying that it is overbought. However, the opinion of the majority of experts (65%) and graphical analysis on D1 is diametrically opposite. According to their forecast, the pair must first descend to the level of 1.2510 and then proceed to go even lower to the support at 1.2385 and 1.2300. The resistance will be in the 1.2865-1.3015 zone;
- USD/JPY. Just as in the GBP/USD case, the indicators suggest purchasing the pair and the majority of experts (55%) recommend selling it. Graphical analysis seems to provide a compromise view: according to its readings, the pair will continue to fluctuate within the boundaries of the February-March 2016 corridor. In other words, it will first rise again to the upper border of 114.85 and then fall to the level of 110.80;
- Now onto USD/CHF. Here, 70% of experts, graphical analysis, and 80% of indicators on H4 vote for the fall of the pair at least to the level of 1.0000, or indeed even lower to the 0.9900 vicinity. An alternative point of view is expressed by the remaining 30% of analysts and the indicators on D1: according to them the pair will continue to stay in the side channel in the range 1.0070-1.0200 for some time.
Roman Butko, NordFX
Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.
#forex #forex_forecast #eurusd #signals_forex #binary_options
GVI Trading Jay Meisler 12:07 GMT December 3, 2016
We are pleased to announce the start of a free alerts feature:
Alerts include market alerts, trading alerts, special reports, and more.
Simply click below
Sign up now (free) for Global-View Alerts
You will receive a copy of my exclusive report, Inside Scoop: How to Identify Forex Flows
Haifa ac 07:03 GMT December 3, 2016
The Future is already here (at least the next 1.5 sec)
Using algorithms partially modeled on the human brain, researchers from the Massachusetts Institute of Technology have enabled computers to predict the immediate future by examining a photograph.
A program created at MIT's Computer Science and Artificial Intelligence Laboratory (CSAIL) essentially watched 2 million online videos and observed how different types of scenes typically progress: people walk across golf courses, waves crash on the shore, and so on. Now, when it sees a new still image, it can generate a short video clip (roughly 1.5 seconds long) showing its vision of the immediate future.
Related: How Scientists Confirmed One of Einstein's Controversial Theories
"It's a system that tries to learn what are plausible videos — what are plausible motions you might see," says Carl Vondrick, a graduate student at CSAIL and lead author on a related research paper to be presented this month at the Neural Information Processing Systems conference in Barcelona. The team aims to generate longer videos with more complex scenes in the future.
MIT the next ultimate day trader?!
Singapore 06:18 GMT December 3, 2016
Forex Market EUR/USD Prediction For December 5, 2016
The EUR/USD edged higher hitting a fresh 1-week high as the U.S. employment report was not as strong as many expected. U.S. yields edged lower taking some of the steam out of the greenback. Support on the currency pair is seen near the 10-day moving average at 1.0614. Resistance is seen near the October lows at 1.0850. Momentum has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal.
Non-farm payrolls increased by 179K for November, meeting expectations, as the unemployment rate dropped to a new cycle low of 4.6%. The October non-farm payroll print was revised lower by 19K to 142K, while September was increased to 208K for a net decline over the past two months by -2K.
For regular Forex Market updates & live Forex signals visit: http://www.mmfsolutions.sg/services/forex-pack/
Actionable trading levels delivered LIVE to YOUR charts
GVI Trading. Potential Price Risk Scale
Mon 27 May 2019
AA: Major, A: High, B: Medium
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
Start trading with forex broker Markets Cube