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The drop in the gold prices appears to have stalled around USD 1134.15 (50% of July low-Oct high) after the US ISM data showed manufacturing activity stagnated in October. USD resilient So far, the markets have not reacted negatively to the weak US data...
Market News
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Khurram Mustafa, 2 November 2015, 16:19
The greenback is losing the grip vs. its Canadian neighbour on Monday, now sending USD/CAD to the area of 1.3080/75 following US data. USD/CAD turns negative near 1.3080 The pair has left the area above the 1.3100 handle despite better-than-expected results from the US docket today...
Market News
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Khurram Mustafa, 2 November 2015, 16:13
EUR/USD edged a few pips down but overall remained little changed within its recent range following the release of better than expected US PMIs data. The Institute for Supply Management (ISM) manufacturing index dipped to 50.1 in October from 50.2 the previous month, but came in above the 50...
Analytics & Forecasts
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Khurram Mustafa, 2 November 2015, 16:12

ISM

The Institute of Supply Management’s (ISM) manufacturing gauge remained stalled or neutral in October on account of weak global demand. The ISM printed at 50.1, which is slightly above the expected figure of 50.00, but below September’s 50.2...
Currency
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Khurram Mustafa, 2 November 2015, 16:10
The Markit’s gauge of manufacturing activity released today in the US showed the activity improved to six-month high on the back of a faster rise in output, new orders and employment levels. The final seasonally adjusted Markit US Manufacturing Purchasing Managers’ Index (PMI) printed at 54...
Market News
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Khurram Mustafa, 2 November 2015, 15:55
The performance of gold prices will hinge on the next move by the Federal Reserve, suggested BofA Merrill Lynch Global Research. Key Quotes “Our US economics team highlights that recent monetary easing in Europe and China has made a first rate hike by the Fed more likely this year”...
Metals
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Khurram Mustafa, 2 November 2015, 15:47
The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days...
Market News
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Khurram Mustafa, 2 November 2015, 15:39
The Australian dollar entered a consolidation phase over the last hours following a positive response to Chinese data, as investors await the RBA policy decision due next Asian session. AUD/USD filed a downward opening gap and rose to a daily high of 0...
Currency
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Khurram Mustafa, 2 November 2015, 15:38
On Monday U.S. stock index futures opened in the green territory as investors digested reports on factory activity from China and the euro area, ahead of U.S. manufacturing data and earnings reports...
Market News
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News, 2 November 2015, 15:37 #Wall Street, stocks, China
Gold prices extended the drop to hit a fresh session low of USD 1134.15/Oz amid rising treasury yields ahead of the US manufacturing data. Drops to 50% Fib level The metal fell to USD 1134.15, which is the 50% fib retracement of the move from the July low to Oct high...
Metals
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Khurram Mustafa, 2 November 2015, 15:36
1. How to choose a forex trading system wisely. Many traders don't spend enough time researching the EAs market. Sadly, the EAs market is flooded with SCAMS - 90% of EAs are sold by marketers instead of traders and developers...
Other
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Vitor Gomes, 2 November 2015, 15:30
The buying interest around the European currency is now picking up further pace, pushing EUR/USD to test session tops in the 1.1050/55 band...
Analytics & Forecasts
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Khurram Mustafa, 2 November 2015, 15:25
The moderate uptick in the treasury yields failed to strengthen USD/JPY, which now trades lacklustre around 120.50 levels. Yields rise, USD trims gains The 2-yr yield, which mimics rate hike bets gained one basis points, while the 10-yr yield gained more than two basis points...
Analytics & Forecasts
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Khurram Mustafa, 2 November 2015, 15:18
Gold futures prices are modestly lower in early U.S. trading Monday and have touched a four-week low overnight. Higher chances of a U.S. Federal Reserve interest rate hike in December are bearish for the precious metals...
Metals
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News, 2 November 2015, 15:15 #FOMC, silver, Fed
W1 price is located below 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the primary bearish market condition with the secondary ranging between Fibo resistance level at 1.1713 and key support level at 1.0807: the price is trying to cross Fibo support level at 1.0897 for 1...
Analytics & Forecasts
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Sergey Golubev, 2 November 2015, 15:11 #Fibonacci
Research Team at BBH, suggest that the market expectations for more monetary stimulus is running high after Draghi's press conference following the ECB meeting last month. Key Quotes “However, while many market participants view it as a done deal, it is not clear that a consensus has been forged...
Forecasts
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Khurram Mustafa, 2 November 2015, 15:09
The research team at BBH expects the Polish central bank to leave unchanged its monetary policy stance at its meeting on Wednesday. Key Quotes “Polish central bank meets Wednesday and is expected to keep rates steady at 1.5%”. “Earlier today, Poland reported October CPI steady at -0...
Forecasts
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Khurram Mustafa, 2 November 2015, 15:05
Ned Rumpeltin, European Head of Currency Strategy at TD Securities, suggests that the key focus will be on the US ISM manufacturing PMI and he expect a drop to 49.4 this month, well below the consensus forecast of 50.0...
Analytics & Forecasts
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Khurram Mustafa, 2 November 2015, 14:54
On Monday a surprising surge in U.K. manufacturing growth lifted the British currency, and also renewed the talk of the timing of the Bank of England’s first interest-rate increase since the financial crisis...
Analytics & Forecasts
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Angeliqi N, 2 November 2015, 14:46 #Bank of England, Fed
Click here to watch previous forecasts. EURUSD 15 min. chart - forecast checking (2015.10.30.) GBPUSD 15 min. chart - forecast checking (2015.10.30.) EURJPY 15 min. chart - forecast checking (2015.10.30.) AUDUSD 15 min. chart - forecast checking (2015.10.30...
Trading Ideas
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fxsmartmoney, 2 November 2015, 14:29