CRUDE OIL: The commodity weakened further the past week leaving risk of more decline on the cards. Resistance is located at the 41.00 level where a break will expose the 42.00 level. A break below here will aim at the 43.00 level and then the 44.00 level...
GOLD: The commodity’s outlook continues to point higher leaving risk of more gains in the new week. However, we may see GOLD pulling back to correct some of its recent gain. On the upside, resistance resides at the 1,170.00 level where a break will aim at the 1,190.000 followed by the 1,200...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend. Besides this analysis and the corresponding chart I also provide the Forex ranking and rating list...
Here’s the market outlook for this week: EURUSD Dominant bias: Bullish From the support line at 1.1050, this pair went up by 330 pips - going above the support line at 1.1350. EUR is now one of the strongest of the majors (as is CHF), and this has reflected on most EUR pairs...
The above chart was taken from the LinkedIn page of Call Levels, an app-based market price alerting tool. It shows the the prices that users created alerts for between 14 and 21 August 2015, for EURUSD. Call Levels is available at: Google Play - https://play.google.com/store/apps/details?id=com...
Besides the Ranking and Rating list provided here I will also prepare this weekend the Weekly Currency Score list which will support my analysis for trading in the coming week...
EURUSD: With EUR seeing a strong rally the past week, we envisage more strength in the new. However, note that a consolidation with a pullback may occur. Support lies at the 1.1300 level where a violation will aim at the 1.1000 level. A break of here will aim at the 1...
The ASEAN Economic Community (AEC) in contrast to the European Union, but still produce greater unity in the region, said Minister of international trade and Industry Malaysia Datuk Seri Mustapa Mohamed...
Central Asian countries, Kazakhstan was the last shake-up raises against the global currency trading. Currency plummeted teng amounting to 22% after Kazakhstan relinquish control the exchange rate of its currency, kur reveal about the existence of urgency amongst policy makers, i.e...
Greece's Prime Minister Resigned Athens, The Prime Minister of Greece, Alexis Tsipras, announced his resignation and called for early elections, as he seeks to defend the country's bailout package, which triggered the "rebellion" of his own party...
W1 price is located just below 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bearish market condition: the price is ranging between 38.2% Fibo support level at 1.5408 and Fibo resistance level at 1.5929: the price broke 23.6% Fibo level at 1...
Firstly, a few words about the forecast for the previous week: - For the EUR/USD pair a descent to the 1.1035 level had been predicted for the start of the week, which is what ended up happening, with the pair falling to the assigned level on 18th August...
The devaluation of the Chinese Government against its currency will only have an impact on Asean countries exporting commodities such as Indonesia, Malaysia and Thailand in China reduced import demand and depresses commodity prices, said Bank of America Merrill Lynch...
USDCHF: With USDCHF selling off strongly the past week, a follow-through lower is envisaged in the new week. On the downside, support comes in at the 0.9400 level. A turn below here will open the door for more weakness to occur towards the 0.9350 level and then the 0.9300 level...
[Originally published on 2015-08-19 at source URL on LinkedIn Pulse by Daniel Chia, co-founder of Call Levels. SGDMYR=X currently at 2.96284] We recently received a lot of thanks from users who were notified immediately when the Singapore Dollar broke past the critical 1.40 level...
Germany's Manufacturing Industry Rose Most Rapidly The growth of the industrial sector Germany is surprisingly grew the fastest, with the rate of a year later, it shows the increasing momentum for the euro zone's biggest economy was. Germany's economy increased by 0...
Oil Prices Vary The price of crude oil ended vary on Thursday (Friday morning EDT), u.s. oil with a bit of "rebound" (turning up) from a slump driven by continued concerns about high production and oversupply of crude oil globally...
Kazakhstan took off his control over the exchange rate of its currency within the last signal from emerging nations (developing countries new rose) who stopped defending its currency after China aggravate global market with devalued yuan...
Although the market still divided about whether the US central bank (The Fed) will do his first ascent of the scuan interest in September, analysts at Citigroup is hard enough to take the conclusion...
