In the last post, we talked about why it is very difficult to predict currency prices or for that matter stock prices using machine learning algorithms. Artificial intelligence and machine learning are new games that are being played by quants. But when it comes to mathematically predicting market prices everything falls haywire. Now take a… Continue reading EURUSD Went Crazy Today On ECB President Mario Draghi’s Bazooka
Tag: eurusd
Should You Buy EURUSD Or Dump It This Week?
Did you trade the 162 pip weekend gap on EURUSD? Trading weekend gaps is one of the most sure shot trading strategies. Why? Because almost more than 90% of these weekend gaps tend to get filled. You should also keep this in mind that almost 85% of these weekend gaps tend to get filled within… Continue reading Should You Buy EURUSD Or Dump It This Week?
EURUSD Falls Heavily As Bank Of America Warns Euro Nearing Its Top
EURUSD continued to fall. It has fallen more than 400 pips since the last few days. It fell heavily when ECB announced going heavy on its QE this Tuesday. Combine this with USD strength and you can imagine why EURUSD is falling this heavily. Stay dollar bullish, my friends! That was essentially the message from… Continue reading EURUSD Falls Heavily As Bank Of America Warns Euro Nearing Its Top
EURUSD Holds Biggest Monthly Gains In Four And A Half Years
EURUSD has been in a strong downtrend since May last year. Since May last year, EURUSD has fallen more than 3,000 pips. Analysts had been talking of EURUSD reaching the parity level in the beginning of this month. But that talk faded away when EURUSD started climbing. EURUSD has climbed more than 700 pips in… Continue reading EURUSD Holds Biggest Monthly Gains In Four And A Half Years