22 / 03 / 2019 | Technical Analysis

Technical Analysis 22.03.2019 – AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (78.52). The closest resistance level is the lower border of the cloud (78.91).




On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is approaching the price chart from above, 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 (78.31). One of the previous maximums of Chikou Span line is expected to be a resistance level (79.26).




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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21 / 03 / 2019 | Technical Analysis

Technical Analysis 21.03.2019 – EUR/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span has crossed the price chart from above, 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 the upper border of the cloud (125.816). The closest resistance level is Kijun-sen line (126.442).




Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, both lines are directed upwards. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. The closest support level is Kijun-sen line (125.930). One of the previous maximums of Chikou Span line is expected to be a resistance level (126.457).




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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20 / 03 / 2019 | Technical Analysis

Technical Analysis 20.03.2019 – EUR/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 above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (126.40). One of the previous maximums of Chikou Span line is expected to be a resistance level (126.80).




On the daily chart Tenkan-sen line is below 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 Kijun-sen line (125.85). One of the previous maximums of Chikou Span line is expected to be a resistance level (127.17).




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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20 / 03 / 2019 | Market News

Pound Volatile As May Asks For Brexit Extension

The political turmoil in the United Kingdom continues as we are just nine days before the Brexit D-Day. The uncertainty about the UK’s relationship with the European Union (EU) has cast its shadow on a series of economic data releases which otherwise would be at the top of the economic news headlines. 

The British Prime Minister Theresa May wrote a letter to the EU leaders in which she asked for a delay to the UK’s departure from the EU bloc until June 30th 2019. Media sources suggested that the President of the European Council (EC) Donald Tusk will receive the letter today, just one day before the EC convenes. 

A CNBC report said that the President of the European Commission Jean Claude Juncker reiterated that there would be no re-negotiations of the Brexit deal. However, he also told reporters that it’s “highly probable” that the UK won’t be leaving the EU on March 29th as it was scheduled. The EC’s President said that if the UK’s government wants an extension on Brexit, it should bring clear plans to the EU Summit. 

A delay on the Article 50 process won’t be an easy thing as all 27 EU countries will have to agree on it. The French minister for European Affairs commented that the EU members “need something new” from the British side, expressing fears that the deadlock in the negotiations might remain despite an extension.

The Bank of England decides on interest rates

One more “Super Thursday” for the Bank of England has come. On March 21st 2019, the BoE’s board will convene to decide on interest rates. Market analysts forecast that the BoE will keep its benchmark interest rate unchanged at 0.75% with all 9 members of the Monetary Policy Committee (MPC) voting in favour. The last time that the BoE raised borrowing costs was after its board meeting on August 2nd 2018. 

Analysts at TDS wrote in a report published on March 20th 2019 that they expect the BoE to remain on the sidelines as Brexit uncertainty grows. “The UK economy is broadly tracking in line with their February 2019 forecasts. With Brexit headlines intensifying, and the Federal Open Market Committee (FOMC) meeting tonight, markets remain fluid ahead of the BoE’s meeting.,” was noted in the report. TDS analysts suggested that “we do not expect this month’s MPC to provide the British Pound with a major directional push as Brexit concerns dominate.”

UK Consumer Price Index Inflation (CPI) Rises

On Wednesday March 20th 2019, the Office for National Statistics (ONS) released data regarding the UK’s CPI inflation in February 2019. Although economists were expecting that the CPI inflation would have remained stable at 1.8%, ONS data showed that it rose slightly to 1.9% on an annualised basis. 

The ONS report attributed the rise to the rising prices for food, alcohol, tobacco and for various recreational goods. Economists at KPMG argued that even this small pick up in headline inflation raises the chances for an interest rate hike just before Christmas 2019. “Solid wage growth and minimal spare capacity could encourage the BoE to raise rates once more by November 2019 to 1%,” the KPMG analysts said. 

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.62% of retail investor accounts lose money when trading CFDs with AFX Capital Markets Ltd. 62.75 % 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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19 / 03 / 2019 | Technical Analysis

Technical Analysis 19.03.2019 – AUD/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 between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (79.14). The closest resistance level is Kijun-sen line (78.88).




On the daily chart Tenkan-sen line is below 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 the upper border of the cloud (78.54). One of the previous maximums of Chikou Span line is expected to be a resistance level (79.91).




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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18 / 03 / 2019 | Technical Analysis

Technical Analysis 18.03.2019 – EUR/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed downwards, 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 (126.325). The closest resistance level is Tenkan-sen line (126.767).




On the daily chart Tenkan-sen line is below 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 Kijun-sen line (125.851). One of the previous maximums of Chikou Span line is expected to be a resistance level (127.153).




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.
...
read more



Risk Warning:  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.62.75% 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 risk of losing your money.

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