Entries by Khanh

Global Macro Overview| March 22 2016 | 101trading.co.uk

Global macro overview for 22/03/2016:   The German Ifo Business Climate data was released this morning. A slight improvement can be noticed as the indicator was at the level of 106.7 points, beating expectations of 106.1 and prior reading of 105.7. Nevertheless, the next sentiment data in the form of ZEW Survey was worse than […]

Global Market Overview March 21 2016

Global macro overview for 21/03/2016: For this week there are still some important pieces of economic data that is due out, with a particular focus on the UK fundamental data release. This week should be quieter mainly because of the upcoming Easter Bank Holiday. Nevertheless, the inflation data on Tuesday and the retail sales figures […]

GBP/USD currency trading recommendation 18 march 2016

On January 21, after the GBP/USD pair moved below 1.4220, evident signs of bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4220 and 1.4360 again.   Bullish persistence above 1.4360 was mandatory to maintain enough bullish strength in the market. The first bullish target was seen at 1.4615 where the most […]

Trading Recommendation for EUR/USD | 18 March 2016

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms had been previously set in July 2012 and June 2010. Hence, a long-term bearish target is projected towards 0.9450.   In March 2015, EUR/USD bears challenged the monthly demand level of 1.0570, which had been previously […]

Global Macro Overview |14 March 2016| 101trading.co.uk

Global macro overview for 14/03/2016: In the regional elections taken place last Sunday the German voters punished Chancellor Merkels conservatives, giving a thumbs-down to her open-door refugee policy and turning in droves to the anti-immigrant Alternative for Germany (AfD). The result is a big setback for Merkel, who has led eurozone’s largest economy for a […]

Trading Recommendation for GBP/USD and technical levels| 14 March 2016

On January 21, after the GBP/USD pair moved below 1.4220, evident signs of a bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4220 and 1.4360 again. Bullish persistence above 1.4360 was mandatory to maintain enough bullish strength in the market. The first bullish target was seen at 1.4615 where the most […]