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As the gold price lingered around 1101, a key fibo level, entered a BUY order with 0.2 lot size. Looking at the candle sizes in H4 and D1 and the chart patterns, it looks a bit difficult for the price to reverse...
Bank of Tokyo-Mitsubishi UFJ made updated forecast for the major pairs up to June 2016. For example, the Bank estimated for AUD/USD to be 0.71 for this month and 0.69 by December this year for example. It means that the bear market rally will be continuing for this pair by breaking 0...
Michael O’Rourke, chief market strategist at JonesTrading, thinks what this crazy market needs to sort itself out is a rate hike, and immediately...
EUR/USD This pair is on bearish market condition for ranging between Fibo resistance level at 1.1713 and Fibo support level at 1.0850. Symmetric triangle pattern was formed by the price to be broken with 1...
The Federal Reserve should not increase rates in September now that the world economy is looking so troubled, said Kaushik Basu, the World Bank's chief economist...
On Wednesday the pound hit session lows after data showed that U.K. industrial output unexpectedly fell in July. A separate report showed that the country’s trade deficit widened sharply...
GOLD: GOLD remains vulnerable to the downside and looks to trigger more weakness although hesitating on Tuesday. On the downside, support comes in at the 1,110.00 level where a break will aim at the 1,100.00 level. A cut through here will open the door for move lower towards the 1,090.00 level...
Current trend Late in yesterday's American session, US stock indices rose sharply: NasdaqComposite up 2.7%, S&P 500 up 2.5%, DJIA up 2.4%, DJIA up 2.4%, S&P up 2.5%. The growth continued through the Asian session today: NikkeiStockAverage gained 1.9% on opening...
Gold could be a market mover this week, or it might continue to trade sideways. Analyst Frank Holmes is interviewed by Kitco News' Daniela Cambone for his view on what to expect from gold this week...
W1 price is located below 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bullish with secondary ranging between Fibo support level at 0.6935 and Fibo resistance level at 0.7421, and 100-SMA is moved to be below 200-SMA for the bearish trend to be continuing...
On Wednesday the greenback edged higher versus the yen as the prospect of more economic stimulus in China spurred appetite for risk and dampened demand for the shelter yen...
W1 price is located below 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bullish with secondary ranging between 23.6% Fibo resistance level at 0.6474 and Fibo support level at 0.6084. Descending triangle pattern was formed with Fibo support level at 0...
On Wednesday Japanese stocks surged with the Nikkei 225 Stock Average logging the sharpest advance since the aftermath of the 2008 Lehman Brothers Holdings Inc. collapse, amid speculation a selloff that pushed valuations to an 11-month low was overdone...
Gold prices rose mildly in Asia on Wednesday with investors cautious ahead of next week's Federal Reserve meeting on interest rates...
For today R4 - 1.3414 / R3 - 1.3400 / R2 - 1.3384 / R1 - 1.3354 SPOT 1.3189 S1 - 1.3100 / S2 - 1.3060 / S3 - 1.3025 / S4 - 1.2952 LONG AT 1.3185 FOR 1.3380; STOP AT 1.3100 How to trade support & resistance levels To see more ideas, check my blog Or follow on Twitter...
European equities rose on Tuesday, with Germany's benchmark DAX share index outperforming the broader market after strong trade data. Analysts said a late bounce in Chinese stocks, with the Shanghai Composite Index rising 2.9 percent after falling earlier, had also improved sentiment...
H4 price is on breakdown trying to cross 1.3176 support level from above to below for the breakdown to be continuing. The price broke Ichimoku cloud and reversed from the primary bullish to the primary bearish market condition on H4 timeframe...
Asian shares caught a tailwind on Wednesday on the heels strong rallies in the United States and Europe, with Japanese stocks on course for their biggest one-day gain in 4 1/2 years.Japan's Nikkei soared 5...
AUDUSD: AUDUSD took off strongly on Tuesday following its corrective strength. On the upside, resistance lies at the 0.7100 level. A cut through here will turn attention to the 0.7150 level and then the 0.7200 level where a violation will set the stage for a retarget of the 0.7250 level...
