Bastian Rubben

Bastian Rubben
Published articles: 41

About Bastian Rubben

Bastian Rubben is a Chief Analyst at SunbirdFX who specializes in reversal systems. Bastian’s primary trading strategy is to reduce each trade’s risks by trying to profit when everybody goes in. He uses Stochastics, 20 & 50 EMA and 200 SMA to craft his Forex technical analysis.

Latest 10 Articles

The WTI Crude Oil market initially fell during trading on Monday, perhaps in reaction to the general “risk off” attitude of the markets after the situation in Turkey.

The US Dollar was trading near to a 17-month trough versus the Japanese Yen after Shinzo Abe, Japan’s Prime Minister, hinted that the Bank of Japan’s intervention in the Yen’s rise might not be as evident as it appears.

Another day full of nerves passed by in Wall Street, the buyers are still not willing to give up and therefore we see bullish momentums during the trading session. The S&P 500 is facing the support of 1350-1360 points and a strong short-squeeze here might lift it to 1400 points.

The US stock markets opened the trading week on mixed territory as the industry index, Dow Jones, closed on the red zone and the other two main indices closed on the green territory.

The bearish atmosphere took over Wall Street last week on the background of disappointing Non-farm payroll change.

The US stock markets closed on mixed territory yesterday on the background of disappointing ADP Non-Farm employment change data, which might indicate that the official data tomorrow will disappoint as well, but we will have to wait and see.

Wall Street closed the second day of the trading week in the green zone, as the ISM manufacturing data encouraged the investors. On the beginning of the day it looked like the indices were about to continue the negative momentum from Monday but strong data lifted the markets.

Wall Street opened the first day of the trading week in the red zone on the background of mixed data. Personal income was lower than expected and personal spending, which is vital to the economy was a bit higher that the consensus.

Wall Street closed the best trading week in weeks and the indices are on the way to take over the 2012's picks. The three main indices created bullish reversal pattern during last week, as the most important one, the S&P 500, managed to close above 1400 points and it is just 20 points below the annual high.

Wall Street keeps moving in zigzag as the stock markets closed on the red territory yesterday, though it looks like the momentum is with the bulls these days. The investors will look forwards today for important economic data, such as Philly manufacturing index, existing home sales and unemployment claims.