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An OPEC source who preferred to stay unnamed said to Saudi Arabia's Al Hayat newspaper that the cartel is not likely to reduce oil production at the meeting in June, and the meeting will be short...
Crude Oil
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News, 28 May 2015, 15:50 #OPEC, crude oil
2015-05-28 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Unemployment Claims] past data is 275K forecast data is 271K actual data is 282K according to the latest press release if actual < forecast (or previous data) = good for currency (for USD in our case...
Forecasts
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Sergey Golubev, 28 May 2015, 15:22 #fundamental analysis
- Some institutional banks have been calling for ¥125.00 as the next big target for bulls on the pair. Indeed, at the current pace of appreciation, we might just be sessions away from that objective to be met...
Analytics & Forecasts
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Noureddine Adjar, 28 May 2015, 14:50
On Thursday the euro slid back to the one-month low as hopes for a close deal between Greece and creditors faded after ECB warning. The dollar was still stronger against peers despite fresh downbeat numbers...
Currency
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News, 28 May 2015, 14:49 #ECB, forex news, EUR/USD
The euro failed to stage a major rebound on the prospects of a deal between Greece and its creditors, and declined again as the US currency regained a stronger footing. The 19-nation bloc currency fell 0.14% and traded at $1...
Analytics & Forecasts
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Noureddine Adjar, 28 May 2015, 14:43
Investment strategist Sara Nunnally was interviewed by Kitco News for her technical outlook on the gold market. Sara has her own projection on when the Federal Reserve is most likely to raise interest rates...
Metals
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Anton Voropaev, 28 May 2015, 14:33 #investing, metals, Fed
On Thursday the greenback declined versus rivals in a subdued trade, as investors awaited the release of U.S. economic reports later in the day. Meanwhile, expectations of an earlier rate hike in the U.S. kept lending support to the greenback...
Currency
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News, 28 May 2015, 13:34 #IMF, Brent, crude oil
On Thursday sterling slipped against the dollar after data signaled the economic growth in the U.K. in the first quarter of 2015 was unchanged from initial estimates...
Currency
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News, 28 May 2015, 11:27 #GDP, GBP/USD, forex news
Despite low oil prices, U.S. shale boom is proving resilient, the Organization of of the Petroleum Exporting Countries (OPEC) said in its biggest report this year, which suggests the global oil glut could linger for two more years. Every five years OPEC publishes long-term strategy reports...
Crude Oil
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News, 28 May 2015, 10:05 #OPEC, Brent, crude oil
The strong U.S. dollar has pressured precious metals since last summer. Also, the talk of interest rate hikes by the Fed is said to have negatively influenced gold...
Metals
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Sergey Golubev, 28 May 2015, 09:11 #stock market, gold
The dollar rose to its highest level in 13 years against the yen on Thursday, boosted by expectations that the economic recovery in the U.S. would accelerate the timeline for higher interest rates...
Market News
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News, 28 May 2015, 09:02 #Hang Seng, Bank of Japan
2015-05-28 02:30 GMT (or 04:30 MQ MT5 time) | [AUD - Private Capital Expenditure] past data is -1.7% forecast data is -2.3% actual data is -4.4% according to the latest press release if actual > forecast (or previous data) = good for currency (for AUD in our case...
Forecasts
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Sergey Golubev, 28 May 2015, 07:46 #fundamental analysis
An upward revision in the U.K. 1Q Gross Domestic Product (GDP) print may heighten the appeal of the British Pound and spur a near-term rebound in GBP/USD as signs of a stronger recovery raises the Bank of England’s (BoE) scope to normalize monetary policy sooner rather than later...
Trading Systems
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Sergey Golubev, 28 May 2015, 07:18 #fundamental analysis
GBPUSD: Trading The Electoral Gap Yesterday's low did not quite close the gap created by the UK elections. However the trend and resistance levels favour of another attempt lower, whilst we trade below 1.5370 At current levels we could see a quick conclusion to this trade plan...
Analytics & Forecasts
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Abdul Salam, 28 May 2015, 07:07
The USDJPY has finally broken out of its 6-month consolidation pattern and looks likely to continue higher. Though looks can be deceiving! Either way it's currently going gang busters and testing out the FletcherGoldman strategy...bring it on...
Analytics & Forecasts
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Chris Zerbe, 28 May 2015, 06:31
The strong selloff in EURUSD since the start of last week suggests that the long-term downtrend may be resuming after a sub-50% retracement in April and early May. Friday's big Bearish Engulfing Candle, along with the break back below key previous-resistance-turned-support at 1...
Forecasts
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Sergey Golubev, 28 May 2015, 06:11 #price patterns
According to an announcement that has come from British Columbia’s Simon Fraser University (SFU), the campus bookstore would begin accepting Bitcoin payments starting 26th May...
Currency
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BlondieNews, 28 May 2015, 03:11 #bitcoin
CHF/JPY: Long Position has been opened on May 6. The pair was low in the ranking list for about 2 weeks until yesterday and is now back in the Top 10 with a rank of 6...
German-based Commerzbank said in a recent report that it sees more potential for gold priced in euros, as lingering speculation on when the U.S. central bank lefts rates continue to pressure the U.S. gold market...
Metals
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News, 27 May 2015, 20:06 #silver, metals, Fed
The basic elements of the strategy are as follows: 1. Identify a market that is in a bear trend on the 5 minute chart 2. Wait for a retracement in which the low of latest candle is above the 20 EMA 3. Go short, targeting the low of the day...
Trading Systems
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Sergey Golubev, 27 May 2015, 18:11 #price action