Gold extended losses in Europe to trade below 1212 (23.6% of Dec low-Feb high) on the back of rise in the USD index and European equity futures. Drops to $1205 Metal hit a session low of USD 1205, before recovering slightly to trade around USD 1208 levels...
The SG FX Enhanced Risk Premia has reinstated the long dollar position during the week. The biggest longs are in JPY and USD. The most sizeable shorts are in NZD, EUR and GBP...
EUR/USD: Neutral: Weakness could extend to 1.0990 but odds for such a move are slim. As highlighted last Friday, while the current pull-back from the 11 Feb high of 1.1375 could extend lower towards the major support at 1.0990, the odds for such a move is not high...
GBP is trending lower as Brexit worries take over the market, commodity risk currencies AUD and NZD are trending higher with risk aversion fading. European Emerging Markets HUF and PLN are rallying against the EUR as ECB date approaches...
US: The start of the week will see data on the housing sector, with releases for existing and new home sales. We expect existing home sales at 5.13M (-6.0%m/m) and new home sales at 515K (-5.3%m/m). Durable goods orders should see a strong rebound in January, rising to 3.0%m/m from -5...
The #yen is declining against the U.S. #dollar after the weak PMI statistics while, the Australian dollar is increasing. At the end of last week, the USA has published the data on inflation, which may indicate that the #Fed is still going to raise the rate in March...
Risk disclosure Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. It is highly recommended to maintain the Use of Leverage at normal levels...
EURUSD Daily Forecast: February 22 22 Februari 2016 3:34 AM EURUSD Forecast The EURUSD had a bearish momentum last week but still unable to make a clear break below 1.1070 support area as you can see on my H1 chart below...
Hello Friends, On this week (February 21 - February 27) we have 4 high impact news release schedule which may be good for news trader: News releasing time at New York Time...
GBPUSD Daily Forecast: February 22 22 Februari 2016 3:28 AM GBPUSD Forecast The GBPUSD gapped down earlier today, opened more than 100 pips below Friday’s close price. The bias is neutral in nearest term, probably with a little bullish bias since gaps are usually get filled, testing 1.4390 area...
USDJPY Daily Forecast: February 22 22 Februari 2016 3:19 AM USDJPY Forecast The USDJPY attempted to push higher last week topped at 114.87 but whipsawed to the downside and closed at 112.55. The bias is bearish in nearest term testing 111.65 region. Immediate resistance is seen around 113...
USDCHF Daily Forecast: February 22 22 Februari 2016 3:15 AM USDCHF Forecast The USDCHF had a bullish momentum last week topped at 0.9968 but closed lower at 0.9890. The bias is neutral in nearest term but overall I still prefer a bearish scenario at this phase. Selling around 0...
I would be elaborating on how to use the PIVOT POINTS as a trading strategy and in this article I will discuss...
In a four-day week, stocks had their best one of the year. Last week the Dow gained 2.6%, the S&P 500 was up 2.8%, and the Nasdaq added 3.9...
EUR/USD continued falling from the highs but it wasn’t a one-way street. The PMIs and inflation data stand out this week. Will the slide continue the downside? Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD...
Success in trading depends of many factors but one of the most importants is the ability of each trader to maintain calm during and after a cycle of negative operations...
NZD/USD advances through 0.6650 on higher commodities 22 Februari 2016 2:43 AM The NZD/USD pair snapped a 2-day decline and climbed further in the green territory on the first trading of the week, as a renewed risk-on wave lifted the NZD bulls. NZD/USD advances through 100-DMA at 0...
AUD/USD bulls take an early lead this week 22 Februari 2016 1:47 AM AUD/USD is currently trading at 0.7158 with a high of 0.7166 and a low of 0.7135 with some underlying support in the commodities sector, specifically in the metals, albeit meeting supply at time or writing...
GOLD: Having GOLD taken back almost all of its gains to close a rejection candle the past week, further bullishness is likely. On the downside, support comes in at the 1210.00 level where a break will turn attention to the 1200.00 level...
