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Finally a "Shooting Star" at SP500

During the following days we might be presented with the so expected retraction in the equities Market.

The fall of the Amazon was crucial to the behavior of the markets during the day and the good news of the “ 15 more words

News

GBPUSD: On a critical support ahead of the GDP data

Ahead of the data, GBPUSD pushed lower to trade below 1.70 handle on a worse than expected Retail Sales.

Looking ahead, the GBP may spur volatility in the lead up to the year-over-year Gross Domestic Product (GDP) figures, which will be released early today at 08:30 GMT. 82 more words

Technical Analysis

Daily Analysis 07/25/2014

Just want to share 2 charts before London open:

Channel on GBPUSD

Current resiistance and support zones on EURUSD

Currency Trading

GBPUSD - Breakout

We can see the breakout today on GBPUSD from the descending wedge (the double descending trendline has been touched so many times that breakout was a matter of time).  18 more words

Currency Trading

GBP/USD : First support ?

Technically, we should meet some buyers around 1,7000 (see chart below) :

  • former resistance and now support
  • Retracement of Fibio. 38,20% at 1,7005

This consolidation phase could easily extend to 1,6890/1,6900 (trendline), while the  medium run trend could still remain active.

GBP/USD :

Forex

LCrude: Rose on the drop of oil stocks survey

LCrude oil is once again on the rise as traders take advantage of global tensions to bump and sell the commodities. LCrude has been on a rollercoaster over the past week induced by speculation and not by fundamentals as the global oil supply remains without disruption. 78 more words

Technical Analysis