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GOLD: The commodity rallied strongly on Wednesday leaving risk of further upside on the cards. This price development leaves bulls on the offensive towards the 1,147.00/1,150.00 area. Support comes in at the 1,126.00 level where a break will aim at the 1,110.00 level...
I really love inter-market Analysis as it gives me a better view for the big picture. This blog is about the correlation between Financial Sector and Currency Market. It is about a market phenomenon known as "January Effect". The first chart we have here is a monthly chart for the Dollar Index...
USDCAD: With the pair turning higher on price reversal during Wednesday trading session, risk of further move towards the 1.3212 level is developing. Resistance resides at the 1.3212 level followed by the 1.3250 level. Further out, the 1...
Since there were indications of price going down to 1.093, closed the BUY order on profit. Will have to wait and see the extent to which the price retraces down, to decide on the next action. If the eurusd price go lower than 1...
The gold price seems to have completed a double top at important fibo levels in multiple time frames. Moreover, a price retracement to 1101 or 1097 is due for quite some time now...
W1 price is located below 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bearish market condition. The price is trying to break 48.19 support level to go to 45...
Now that the price has crossed last week's high, expect the gold price to continue going up. Strangely, the stop loss i entered, seems to have not been registered and the total loss was $300 instead of $200. The balance is at $600 and the equity is around $1400...
Current trend Yesterday, the British currency grew supported by the publication of favorable UK macroeconomic statistics. Later, when US data was released, US currency managed to gain back some of its losses, however, in general, a strong “bullish” potential in the pair remained...
EURJPY: The cross remains weak and vulnerable to the downside with eyes on its support located at the 136.50 level. On the downside, support comes in at the 136.50 level where a break will aim at the 136.00 level. A turn below here will target the 135...
The level 2 set up of MAs, fibo, ZZ and chart pattern indicate the possibility of a spike between 1126 and 1101. Hence the closed the BUY order entered in the morning with a profit and entered a SELL order of 0.4 lot size to protect the profit...
Gold prices rises before release of the minutes from the July Federal Open Market Committee meeting (trades now near $1,122). Analyst Frank Holmes said he expects gold to be stuck in the $1,000 to $1,350 range for the next six months. What will come out of this week’s Fed minutes...
Barclays made a forecast for high impacted fundamental news events which will be on Wednesday at 19:00 GMT. The bank is telling that Federal Open Market Committee is already made a decision concerning a September Fed hike...
The bank made a forecast for the price of gold at year-end and estimated that it will be increase as much as 10 percent higher than current levels. The bank set out five reasons in a report on Friday for the experts to believe gold prices could recover to $1,200 per ounce at the year-end. 1...
H4 price is located to be inside Ichimoku cloud for ranging market condition between Senkou Span lines on the border between the primary bearish and the primary bullish trend on H4 chart. The key support/resistance levels are the following: 1...
Expecting the gold price to continue going up, entered another BUY order with 0.2 lot size. It's a bit risky to enter an order so early in the day with only 1 H4 candle completed and with so low margin levels...
Societe Generale and other int'l financial institutions were forecasting the price for EURUSD as 1.04/1.05 at year end...
CRUDE OIL: The commodity has put in a temporary bottom leaving risk of a move higher on the cards. Resistance is located at the 43.00 level where a break will expose the 44.00 level. A break below here will aim at the 45.00 level and then the 46.00 level...
Callum Newman, Contributing Editor, Money Morning If 2008 was the watershed year of the US subprime mortgage crisis, we could say 2015 marks a rebirth. That’s after the protracted death throes of the old cycle. I say that because the strength in the US housing market is obvious now...
