Cocoa Research Institute of Ghana lowered its forecast for cocoa harvest in Ghana by 11% due to the viral disease of the trees Cacao swollen-shoot virus (CSSV). Will the cocoa quotations grow? The number of infected trees…
Bullish: Currently we are @ 118.02 in a channel in a Range. We are looking for a continuation initially to the ATR target @ 118.64 and then to the 0.500 Fibo @ 119.52 with an overall target…
Outlook: Financial markets can endure many shocks and surprises, and as we know, various surprise indices have been devised to measure expectations vs. outcomes. Traders today can be divided into two camps, those who “trade the news”…
These are the main highlights of the CFTC Positioning Report for the week ended on September 3rd: Investors added longs to their already positive positions in USD, taking net longs to the highest level since March 12,…
The Aussie is breaking above last week’s highs. The level to beat for bulls is the 0.6894 resistance. AUD/USD daily chart The Aussie is trading in a bear trend below the 100 and 200-day simple…
USDTRY The pair holds in green for the third straight day after last week’s bulls’ stall and subsequent pullback was contained by daily cloud base / 30DMA on Wed/Thu. Fresh advance comes in mixed technical environment as…
DXY (US Dollar Index) is starting the week on the back foot. The level to beat for bulls is at the 98.42 and 98.68 resistance levels. DXY daily chart DXY (US Dollar Index) is trading…
EUR/USD is trading within the range of the last two days. The level to beat for bears is the 1.1016 support level. EUR/USD daily chart On the daily time-frame, the shared currency is trading…
USD/JPY holds on to modest intraday gains this Monday. The levels to beat for bulls is the 170.25 resistance, according to the Technical Confluences Indicator. USD/JPY daily chart USD/JPY is trading in a…
In the New York session, the Sterling is consolidating its intraday gains. Robust UK manufacturing and industrial data, as well as Brexit optimism bolstered the mood on the GBP. GBP/USD daily chart GBP/USD is trading…
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