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Sylvester Stephen Articles

A Volatile Day in the Markets
2 days ago

A Volatile Day in the Markets

Yesterday was a volatile day in the markets as far as both currency and stocks were concerned. The first part of the day saw the US dollar gain in strength across the board as the Fed Chief Yellen made it clear that the markets can expect the Fed to hike rates in the coming months … Continue reading A Volatile Day in the Markets

3 days ago

Greenback Finds Its Way Back

The pound and the dollar were the talk of the markets yesterday as both of them went in opposite directions for the day yesterday. The UK PM May announced that the UK should brace itself for a hard Brexit and that they would be seeking for a complete and total removal from the Eurozone. But … Continue reading Greenback Finds Its Way Back

Pound and Dollar Move in Opposite Directions
4 days ago

Pound and Dollar Move in Opposite Directions

The pound and the dollar were the talk of the markets yesterday as both of them went in opposite directions for the day yesterday. The UK PM May announced that the UK should brace itself for a hard Brexit and that they would be seeking for a complete and total removal from the Eurozone. But … Continue reading Pound and Dollar Move in Opposite Directions

5 days ago

Weekly Technical Outlook: GBP/USD; Market Forecasts for January 16th – January 20th

Resistance level 1.22388 Pivot Level 1.2185 Support Level 1.203358, 1.191482 and 1.184696 Technical Analysis Daily bias in GBP/USD remains bearish with 1.22388 resistances intact and deeper decline is still expected for the pair as long as resistance holds the area. The price action stays below resistances so far at this point and such a decline … Continue reading Weekly Technical Outlook: GBP/USD; Market Forecasts for January 16th – January 20th

11 days ago

Bullishness in Aussie and the Causing Fundamentals..!!!

Aussie edges higher against the Greenback to trade at 0.7372, adding more than 200 pips in the first two weeks of Jan 2017. Interestingly, the pair has maintained bullish momentum for 5 consecutive Days. If you are still wondering whether the movement is caused by a stronger Aussie or a weaker Greenback, the answer is … Continue reading Bullishness in Aussie and the Causing Fundamentals..!!!

13 days ago

Weekly Technical Outlook: EUR/USD ; Market Forecasts for January 9th – January 13th

Resistance level 1.070668, 1.07968, 1.08740 Pivot Level 1.05199 Support Level 1.05213 Technical Analysis EUR/USD looks for a consolidation pattern from 1.05213 levels and is still in progress with support holding the levels. The price action produces a strong bullish momentum at the close of the week with the candle making some pull back indicating a … Continue reading Weekly Technical Outlook: EUR/USD ; Market Forecasts for January 9th – January 13th

Steady Trading in The Morning
13 days ago

Steady Trading in The Morning

It has been some steady trading during the course of the morning with a bit of volatility around with the yen continuing to weaken during the course of the morning. It is a holiday in Japan today but that has not caused any kind of slumber in the markets and they have been fairly active … Continue reading Steady Trading in The Morning

Volatile Day leads to another Day of Volatility
16 days ago

Volatile Day leads to another Day of Volatility

Yesterday, we saw the waxing and waning of the dollar strength all through the day which pushed the various currency pairs this way and that. Day traders would have loved these kind of moves while it would have been a very difficult day for positional traders to make any kind of decision about the underlying … Continue reading Volatile Day leads to another Day of Volatility

17 days ago

A Highly Volatile Day Triggered by the FOMC

It all began slowly yesterday as the markets were in a consolidation mode and so there was not much movement in the market either during the Asia session or the London session yesterday. But the cat was set among the pigeons after the release of the FOMC minutes which came in towards the middle of … Continue reading A Highly Volatile Day Triggered by the FOMC

18 days ago

Dollar Strength Returns

The dollar had taken a beating in the last week of December which led to some doubts in the mind of a few traders on whether it was the end of the dollar trend that had been dominating the markets in the first few weeks of December. But this had taken place when the markets … Continue reading Dollar Strength Returns

Quiet Start to the Year
19 days ago

Quiet Start to the Year

Its been a quiet start in the morning so far. Though the markets did begin yesterday, it has to be said that the official start for the new trading year has to be today as most of the markets around the world were closed for the holidays yesterday. The London market was closed and the … Continue reading Quiet Start to the Year

20 days ago

Weekly Technical Outlook: USD/JPY; Market Forecasts for January 2nd – January 6th

Resistance level 117.964 Pivot Level 117.354 Support Level 115.225, 114.444, and 112.935 Technical Analysis Daily bias in USD/JPY remains bearish with 117.964 resistances intact and deeper decline is still expected for the pair as long as resistances holds the area. The price action stays below resistances so far at the end of the week and … Continue reading Weekly Technical Outlook: USD/JPY; Market Forecasts for January 2nd – January 6th

Get Ready for the Holidays !
last month

Get Ready for the Holidays !

The traders need to be off by now for the holidays. Or that’s certainly what the markets seem to think so. There has not been much movements in any of the markets for the past couple of days and whatever moves there have been, it is just pushing of the prices here and there with … Continue reading Get Ready for the Holidays !

Another Slow Day in The Markets
last month

Another Slow Day in The Markets

It has been another slow day in the markets so far with the holiday mood still gripping the markets and traders not being in their desks and going out on their holidays to enjoy themselves. This has resulted in very few trades and low liquidity in the markets and this is showing up in the … Continue reading Another Slow Day in The Markets

last month

Quiet Morning so Far

There is not much happening in the markets all around the world this morning. The economic news have dried up and with the holiday season almost on to us, we see a sense of boredom and low liquidity settling into the markets and this usually drives down the volatility and there is not much to … Continue reading Quiet Morning so Far

BOJ Leaves Policy Unchanged
last month

BOJ Leaves Policy Unchanged

There have been 2 major announcements on the economic front in the morning as the RBA released the minutes of the meeting that was held in the first week of December and where they had decided to leave the rates on hold. The minutes said that the rising AUD could complicate the economic recovery. It … Continue reading BOJ Leaves Policy Unchanged

last month

Weekly Technical Outlook: EUR/USD; Market Forecasts for December 19th – December 23rd

Resistance level 1.05247, 1.0669, 1.0725 Pivot Level 1.04199 Support Level 1.03959 Technical Analysis EUR/USD pair is looking for a consolidation pattern from 1.03959 levels and is still in progress with support holding the levels. The price action produces a strong bullish momentum at the close of the week with the candle making some pull back … Continue reading Weekly Technical Outlook: EUR/USD; Market Forecasts for December 19th – December 23rd

Slow Start to a Slow Week
last month

Slow Start to a Slow Week

It is likely to be a slow couple of weeks till the end of the year as the holiday season begins and the traders leave their desks to enjoy at the beaches and some sunshine. Trading is a difficult but highly rewarding job if done the right way and it is important for the traders … Continue reading Slow Start to a Slow Week

last month

Dollar Continues to Strengthen

It has all been about the dollar over the past couple of days ever since the Fed announced a hike in rates and also gave enough hints to the market to believe that there would be atleast 2 or 3 more rate hikes in 2017. This was a bit more than what the market had … Continue reading Dollar Continues to Strengthen

Weekly Technical Outlook: GPB/USD
last month

Weekly Technical Outlook: GPB/USD; Market Forecasts for December 12th – December 16th

Resistance level 1.278104, 1.286315, 1.291313 Pivot Level 1.26168 Support Level 1.25479 Technical Analysis The GBPUSD pair closed weekend trading above 1.25479 levels, to get good support base that reinforces the expectations of continuing the bullish bias and provides signals for the price recovery in the upcoming days. This is supported by stochastic positivity that appears … Continue reading Weekly Technical Outlook: GPB/USD; Market Forecasts for December 12th – December 16th

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