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Some key economic news was released last Thursday and Friday both from the ECB and the PBoC which is another sign of the woes that will drive gold prices higher against its G10 currency competitors. The following is my take on the big picture and how it will effect gold prices moving forwards...
We finished another week of intraday spread trading with excellent results that bring us back to +116 pips since the beginning of the month and +2157 pips YTD. We are below the monthly average, but the goal is to close in profit also the month of October...
Please find the top companies and people who are controlling the oil/gas market. It was estimated according to the Barrels Of Oil Equivalent Per Day (boepd...
USDCHF: The pair strengthened the past week taking back its three-week losses to close higher. This development has opened the door for more strength towards its key resistance at the 0.9843 level. This level if broken will set the stage for a run at the 0.9900 level...
The following are UBS' latest short-term (mostly intraday) trading strategies for USD/CHF, AUD/USD, and NZD/USD. USD/CHF: Buy dips to 0.9680/90, but fade rallies towards 0.9800/20. AUD/USD: We prefer selling rallies to 0.7300, targeting 0.7230. NZD/USD: We prefer fading NZDUSD rallies closer to 0...
I am writing here to help struggling traders who have been taught to look at the market incorrectly. I have 14years trading experience and for the first 9years of that I lost money, for the last 5years I have been able to make profits regularly...
Weekly price is on bearish ranging within 1191.48 key resistance and 1077.19 key support levels: symmetric pattern was formed by price to be broken for direction; nearest support levels to be broken are 1098.68 and 1077.19; nearest resistance levels are 1191.48 (W1) and 1285.57 (W1). Resistance...
The U.S. dollar was broadly supported against its main rivals Friday, as positive economic data from the U.S., as well as a surprise China rate cut lent support to the greenback...
On Friday U.S. stocks opened in the green territory after an interest rate cut in China added to a rally driven by possible stimulus in the euro area, as well as strong quarterly results from Alphabet, Microsoft and Amazon...
Weekly price is on bullish market condition with above 100-period SMA and above 200-period SMA with the ranging between 2134.42 resistance level and 1863.12 support level: 2134.42 resistance level is located far above 100-SMA/200-SMA in the primary bullish area of the chart; 1863...
EURJPY: EURJPY sold off on price failure cutting through its key support 134.79 level on Thursday. This development now leaves it targeting further weakness towards the 133.50 level. As long as it can trade and hold below its support at 134.79 level, more weakness is likely...
European stocks surged on Friday after the People's Bank of China cut interest rates for the sixth time since November...
Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders. News of the week: Analysts predict perfect storm for EURUSD by December as Draghi is expected to announce further easing...
Overview and Dynamics As reported yesterday, the National Bureau of Statistics (ONS) the UK, retail sales in the country in September compared with the previous month increased by 1.9% (+ 6.5% yoy), showing the strongest monthly increase since December 2013 forecast It was 0.3% m / m, + 4...
The shared currency held lower Friday despite the fresh data showing that eurozone economy picked up momentum in October...
Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA with the ranging between 17.75 resistance level and 13.96 support level: the price is bouncing off 16.18 resistance for the 13.96 support as the next bearish target; nearest support levels are 14.26 and 13...
The ECB left policy unchanged and Mario Draghi delivered the maximum level of dovishness at the press conference...
Crude Oil Weekly Outlook - intermediate support level to be broken with the bearish to be continuing
Weekly price is on bearish market condition with below 100-period SMA and 200-period SMA with the ranging between 54.27 resistance level and 42.18 support level: the price is trying to cross 46.22 intermediate support level from above to below with 42...
The dollar edged mostly lower on Friday, as investors locked in profits after the U.S. currency rallied to three-week highs after upbeat U.S. data. The possibility of additional easing measures in the euro zone also lent support to the greenback...
