PANW is being bought by US Parliament member Nancy Pelosi, she bought twice in past month.
The current price is in perfect Golden Zone on Daily chart. If we go past ATH there is no actual telling where it will go up to next, we might just move sideways for now to reset RSI or even start moving up at any time. But it also might just drop down a bit.
Palo Alto...
European Union Carbon Allowances (EUAs) rose close to 19% in the past month (16/01/2023-15/02/2023). In its quarterly publication released on Monday 13th February 2023, the European Commission revised upwards its economic growth forecast for the Eurozone to 0.9% in 2023 from 0.3% previously. Moreover, it expects the trading block to avoid recession. With the...
In today's #marketinsights video recording I analyse #GBPUSD and #EURUSD #FXMajors!
GBPUSD Dragged down by:
- BoJo push for an early election on December 12
- Increasing likelihood of October exit failure
EURUSD Under Pressure as:
- ECB reiterates downside risk, stubbornly low inflation
- Draghi hints to fiscal policy measures
Stavros Tousios
Head of...
The main event will be the announcement of the ECB decision on the monetary policy parameters in the Eurozone. Given the general tendency toward easing monetary policy in the world and the recent actions of the Central Bank of Europe, euro can be expected a pretty unpleasant surprise, In theory. But in practice, most likely everything will be ok.
Mario Draghi is...
"Markets took a break" the lack of high-profile news and frankly difficult weeks contributed to that yesterday.
GBP has tested 1.30 against the dollar. As we expected unsuccessfully since a successful test requires positive news from Britain. Johnson’s attempt to accelerate the negotiation process did not bring home the bacon. Parliament refused to re-vote on the...
A new version of the Brexit deal has been agreed between the EU and the UK. The pound added about 500 points by the end of the week, bringing the account of its achievements to almost 1000 points. Recall that the UK and the EU, as we predicted, were able to agree on the terms of the deal at the last moment. As a result, at the EU summit on Thursday, this deal was...
Yesterday Brexit turned a corner. The Prime Minister got the European Union to renegotiate the Withdrawal Agreement that the EU said to would never renegotiate. The British pound, as we expected, hit a fresh five-month high above 1.30. But after that, many buyers decided to take profits, resulting in a rebound of the pound more than 150 points down. The reason for...
In today's #marketinsights video recording I analyse #EURUSD and #GBPUSD #FXMajors!
Pound Bid on Brexit agreement with EU. BoJo nee's to break DUP and opposition resistance and get deal through Parliament. Expected over the weekend!
Euro supported by positive news and despite Germany revised GDP downward. Risk appetite up in general with #Aussie, #Kiwi, #Loonie...
The Supreme Court has ruled that Boris Johnson suspended UK Parliament unlawfully. Also, Johnson gave the Queen illegal advice to suspend Parliament.
On the one hand, the news is not good for the pound, because it means another domestic political crisis, on the other hand, such a court decision should lead to Johnson's resignation. The pound has recently followed...
Queen approves PM`s plan. Parliament is to be suspended for five weeks ahead of 31 October, the day the UK is due to leave the EU that was perhaps, the main event. This event is unusual: the prime minister, who was not chosen, and the Queen, who was not chosen as well, blocked the work of epy supreme body, which directly selected by people and represents their...
GBP/USD: hot or not ? The trend remains downward in the short/very short term. After breaking down the static support at 1.264 identified by 23.6% of the Fibonacci retracement, the next target targeted on this currency pair is the support area at 1.25. Reachable today as analysts expect a recovery of the intraday US dollar ahead of the publication of positive...
Today, we shall consider important topics, near future and opportunities.
Elections to the European Parliament will be held in Europe this week. (Elections will be held in 28 countries from May 23 to 26, 2019, 751 members will be elected. Those elected people will represent more than 512 million Europeans, which makes these elections the largest transnational...
GBP/USD will continue to pump preceding Wednesday's Questions with the Prime Minister in the House of Commons (when she is expected to introduce a third deal-agreement in regard to the UK's exit from the European Union), for this will determine: 1) whether or not the UK will as for an extension to Article 50, and 2) the extension's length of time and reasoning. 96...
A short rise before...
The price of the FTSE100 broke the resistance on the upside: now is destined to go to test the key level identified by the 23.6% Fibonacci retracement place to 7340 points. From here the possibilities that continues upward past him and confirming a weekly close above are relatively low; it is more probable that, once it is brought close to...
The end of March is fast approaching so all eye should be on GBP just in case we get a big move. Here we discuss what happening in the UK Parliament this week and what the possible outcomes will be.
This is not investment advice
I'll up date this idea as it develops
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Steve Nixon
Trainer & Mentor
The technical side
The price has reached the EMA200 daily, key dynamic resistance for the continuation of the trend: an upward break would bring the price directly into the upper area between 7330 and 7520 points; a rejected, however, will return it to test the 6900 points.
The result of a " no deal " Brexit
In the last three sessions it seems that this...
The U.S. Dollar is going to drop compared to the Canadian dollar because of the recent election in Canada. Having the Liberal party out of the Parliament means that PC will stop the damage that was a ongoing problem with the Liberal Party. The PC party will be creating jobs and will be pulling the Canadian debt back from where it currently is as the liberals...
It was interesting to observe CAC40 this week. Despite the move down of DAX30, DJI, SP500, NSDQ, event Eurostoxx, CAC40 try to stick upside at a range between 44500 and 4500. MACD shows that there is no momentum, no more steam to keep CAC40 that high up. But STOCH shows that there is a try to keep it up at 4500 as if this range would be a proof of a healthy ...
