In an interview with Kitco News, Frank Holmes, the head of U.S. Global Investors, has discussed the recent drop in the prices of gold suggesting it was a major player dumping the metal...
EUR/USD: The price is ranging between 1.0830 & 1.0995 levels for the primary bearish. The price will go to be out of ranging zone in case of 1.0879 support level to be broken from above to below...
Current trend Tomorrow at 00:00 (GMT + 3) the Reserve Bank of New Zealand is expected to lower its key interest rate by 25 basis points from the current 3.25%. The forthcoming cut has already been considered by most market participants...
Wednesday marked wider losses for gold which was steady near five-year lows. However, the chart below suggests the yellow metal is not the biggest loser across the commodities sector...
W1 price is located to be above yearly Central Pivot at 114.36 and below R1 Pivot at 127.96: The price is on bullish ranging between Central Pivot level at 114.36 and R1 Pivot level at 127...
NZD/USD: Short After closing a short position in profit on July 13 because of the strong pullback another position has been opened on July 16 when the pair picked up the downtrend again last week...
Most price action traders place buy or sell stop orders with a pre-determined stop loss level, and a take profit or target level...
A couple of days ago commodity editor at The Telegraph Andrew Critchlow wrote a quite controversial article on what may happen to Australia in case of a further commodities crash. The reaction of Australian analysts was stormy...
Current trend After a sharp fall on Monday, precious metals gained some of their losses back on Tuesday. Because silver is widely used in manufacturing, recovering US economy is creating some prerequisites for a silver rebound in the long-term...
Trading range: the market moves up and down within a consistent range without establishing a definitive trend in one direction Consolidation: the range of price's movement constricts as the market becomes directionless Reversal: the market moves in the opposite direction from the previous trend...
Credit Suisse is still considering the bearish breakdown for EURUSD to be going very soon from now. The key support level to be crossed for the breakdown to be started is 1.0741: "This is holding for now, and we allow for a potential bounce from here...
US Dollar - "Dollar can certainly drift higher. However, there are external forces that may divert trajectory or leverage velocity. The movement of the Greenback’s largest counterparts can certainly prove strong motivation...
I continuing to make a technical forecast of the value/price of the pairs at year-end. Some pairs were already estimated for year-end value which as GBPUSD, EURUSD, USDJPY as well as Crude Oil, S&P 500 and Silver...
EUR: Bearish Weekly price is on primary bearish market condition located below Ichimoku cloud for trying to break key support level for the bearish to be continuing. Price is located below 100 SMA and below 200 SMA for the primary bearish...
Gold has been referred to a shelter amid hard times and soft money. So why, even amid Greek turmoil, China collapse and when the euro has sunk against the dollar gold has been so muted...
Current trend Last week, as it was expected, the EUR currency gradually declined against the USD. Several factors affected the European currency. First of all, it is the instability in Greece, where people protest against the government’s austerity measures...
Daily economic digest from Forex.ee EUR/USD is trading at 1.0850 in the early European session. The low was around 1.0820 after Gold printed a low of 1087$/Oz. There are no significant data releases later in the day, the main focus is kept on Greece debt issues...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition with secondary ranging between 1.0461 support level and 1.1466 resistance level: The price is ranging between 1.0461 and 1.1466 levels...
