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28 / 09 / 2018 | Technical Analysis

Technical Analysis 28.09.2018 – EUR/JPY Ichimoku Clouds

Let's look at the four-hour chart. Tenkan-sen and Kijun-sen lines have merged, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument is trading around upper border of the cloud. The closest support level is the upper border of the cloud (131.86). One of the previous maximums of Chikou Span line is expected to be a resistance level (132.67).




On the daily chart Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (131.66). One of the previous maximums of Chikou Span line is expected to be a resistance level (133.10).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.

 
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27 / 09 / 2018 | Technical Analysis

Technical Analysis 27.09.2018 – AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from above, current cloud is ascending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (81.80). The closest resistance level is Kijun-sen line (82.04).




On the daily chart Tenkan-sen line has crossed Kijun-sen from below, the lines are horizontal . Confirmative line Chikou Span is approaching the price chart from above, current cloud is descending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (81.77). One of the previous maximums of Chikou Span line is expected to be a resistance level (82.30).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.

 
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26 / 09 / 2018 | Technical Analysis

Technical Analysis 26.09.2018 – EUR/JPY Ichimoku Clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (132.73). One of the previous maximums of Chikou Span line is expected to be a resistance level (133.17).




On the daily chart Tenkan-sen line is above Kijun-sen, both lines are directed upwards. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (131.62). One of the previous maximums of Chikou Span line is expected to be a resistance level (133.07).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.
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25 / 09 / 2018 | Technical Analysis

Technical Analysis 25.09.2018 – AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the blue line is directed upwards, while the red one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (81.50). One of the previous maximums of Chikou Span line is expected to be a resistance level (82.20).




On the daily chart Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is descending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (81.49). The closest resistance level is the lower border of the cloud (82.31).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.
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25 / 09 / 2018 | Market News

U.S. Federal Reserve to announce interest rate decision

In the evening of Wednesday September 26th 2018 markets will be waiting for the announcement of the Federal Open Market Committee’s (FOMC) decision regarding interest rates. The US Federal Reserve (Fed) started its two-day meeting on Tuesday September 25th  2018 and will publish a monetary policy statement right after the end of the meeting. The FOMC is widely expected to approve a 25-basis point increase that will take the target range for its benchmark rate from 2% to 2.25%.

The CME’s (Chicago Mercantile Exchange & Chicago Board of Trade) FedWatch Tool which market analysts take into consideration when the Fed’s decisions on interest rates are imminent gave, on Monday September 24th 2018, 93.8% chances for a 0.25% rate hike. According to the CME’s FedWatch Tool, there was a 6.2% probability for the Fed to lift its benchmark interest rate to 2.50%. If the forecast is confirmed this will be the third time that the FOMC announces a rate hike this year.

With a benchmark interest rate hike highly likely in the September 2018 meeting, the number of hikes in the current monetary tightening cycle will reach seven. The Fed began pushing borrowing costs higher at the end of 2015, following seven years of ultra-low interest rates as a result of the financial crisis that erupted in 2008. 
Some economists believe that tempered increases in Consumer Price Index (CPI) inflation will allow the Fed to raise interest rates gradually. Headline inflation in the US has edged up in recent months, pushed up by higher fuel prices but the core CPI inflation which is closely monitored by the Fed’s board has advanced modestly. 

ING forecasts December 2018 rate hike

In a report published on Monday September 24th 2018, ING analysts suggested that the FOMC will proceed in raising borrowing costs by 0.25% on Wednesday’s meeting. “Growth is undoubtedly very strong, with high-frequency indicators suggesting activity likely accelerated in 3Q18 after the economy expanded at an already stellar 4.2% annualised rate in 2Q18. At the same time, all of the major inflation measures are at or above the Federal Reserve’s 2% target, wages are picking up, the unemployment rate is close to an 18-year low and asset prices continue to rise. All this points to further tightening of policy,” was noted in their report. 

ING’s economists added that “we are also seeing a broadening out of the reasoning for higher interest rates. For example, Boston Fed President Eric Rosengren has repeatedly warned that monetary policy should be tightened from a financial stability perspective. He and others worry that unduly low borrowing costs could be the trigger for excessive risk-taking, which will store up trouble for the US economy in the future. For that reason, we expect a rate hike this week and another in December. But markets will be watching closely for hints about the Fed's plans for 2019.”

STO and trading the US Dollar

The US Dollar against the Euro, the US Dollar against the British Pound and the US Dollar against the Japanese Yen are just three of the major currency pairs that you can trade with on the STO platform. STO provides its clients with all the necessary educational material such as webinars to help them with preparing a suitable trading strategy. 

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.52% of retail investor accounts lose money when trading CFDs with AFX Capital Markets Ltd. 64.84 % of retail investor accounts lose money when trading CFDs with AFX Markets Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. For more information about the key risks associated with CFDs, please refer to our full Risk Disclosure.
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24 / 09 / 2018 | Technical Analysis

Technical Analysis 24.09.2018 – EUR/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is the upper border of the cloud (132.11). The closest resistance level is Tenkan-sen line (132.52).




On the daily chart Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (131.35). The closest resistance level is Tenkan-sen line (132.50).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.
 
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