This observation is made around 05:40 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]

  • The euro hit a three-week low of $1.17505 overnight and last traded at $1.17715.
  • The euro rose slightly on the day, but still meandering around yesterday’s low, as the riskier currency continued to be hit by the strengthening greenback following strong U.S. …

The euro recorded modest gains versus the dollar after the European Central Bank kept its monetary policy unchanged on Thursday but opted to slow down the pace of net asset purchases under its emergency scheme. Markets had been eagerly awaiting the Frankfurt institution’s latest policy decision for signs of an imminent unwinding of pandemic-era stimulus, amid surging inflation and strong economic growth.

The European Central Bank will trim emergency bond purchases over the coming quarter, it said on Thursday, taking a first small step towards unwinding the emergency economic aid it has put in place during the pandemic.

After a…


This observation is made around 05:40 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]

  • The euro traded at $1.18762, hovered just below $1.18841 it touched earlier today, the highest since Aug. 4.
  • The euro was supported on signs of faster producer prices pressures in the Eurozone, which is hawkish for ECB policy.
  • Markets start to react to the potential for more sustained Eurozone inflation and reduced…

The world of foreign exchange and stock markets, it can be daunting even to experienced hands-on investors. However, there are plenty of books on trading, ranging from basic introductions to the market to advanced strategies based on fundamental analysis and technical analysis. The success in trading also closely attributed of psychology, trading systems and money management. Essentially, trading does not depend entirely on the system or strategy used. Rather, the emotions and mentality also will determine the success or failure of trades.

In the world of thousands of books on the topic, we’d like to recommend these six trading books…


This observation is made around 05:15 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]

  • The euro eased slightly to $1.17379 on Friday, and on course for a second straight week of losses and staying not far from the four-month low of $1.1706 hit on Wednesday.
  • The dollar was on modest gains due to strength in U.S. economic data on weekly jobless claims and hawkish July PPI…

This observation is made around 05:15 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]

  • The euro was a touch higher at $1.18727 per dollar on Wednesday, as traders awaited U.S. jobs data for a guide to the rates outlook.
  • The pair was broadly steady as markets looked ahead to partial U.S. labour data due later today and non-farm payroll figures due on Friday.
  • Clouding the outlook…

While some of us are still in lockdown, quarantine, or holiday and upcoming weekend, let’s loosen up our mind of numbers and graphs and charts. Apart of researching, reading books, and attending seminar/webinar on the topic of finance, several movies and films can be both entertaining and educational.

We at Golden Brokers would like to share five films related to stocks and the world of finance.

1. Becoming Warren Buffet (2017)


Wall Street wrapped up the first half of 2021 at record highs, with investors defying pessimistic projections of a broader pullback and pushing past concerns of rising inflation and potential rate hikes.

Last Wednesday’s session marked the midway point of a year that saw the three major U.S. indexes are up by double-digit percentages, with the Nasdaq advancing 12.5%, the Dow adding 12.7%, and the S&P 500 surging 14.4% since Dec. 31, 2020.

A day earlier, the S&P 500 and the Nasdaq set all-time highs, highlighting Wall Street’s optimism for economic recovery — reinvigorated by widespread vaccinations, businesses ramping up…


This observation is made around 05:15 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]

  • The euro was last at $1.18998, up slightly from opening today, after fell 0.22% overnight, as it edged back toward the 2½-month low of $1.8474 touched on June 18.
  • The euro was weighted by comments late Monday from ECB Vice President Guindos that fuelled speculation the ECB might maintain its euro-negative stimulus…

Investors will be analysing the Federal Reserve’s comments as the FOMC wraps up two-day policy meeting today for insight on whether the central bank has begun discussing tapering bond purchases and if policymakers are concerned about rising inflation. While the central bank is not expected to take any action, traders will watch for comments on inflation and the Fed’s eventual tapering plans.

1. Tapering of the bond-buying programme

The Fed is keen to minimize the possibility of a market disruption when it begins to reduce its $120 billion per month government bond and mortgage-backed securities purchase program.

Market participants will…

Zulbahri Muhammad

Chief Analyst at Golden Brokers. https://goldenbrokers.my/en/blog

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