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As mentioned in my previous post https://www.mql5.com/en/blogs/post/646368, gold price did face a resistance around 1113. As the gold price went to low of about 1094 today morning, i am not sure if the gold price will retrace to 1091.5...
The Simple Math Behind Greece's Complicated Situation. "Life is truly straightforward, yet we demand making it entangled...
Morgan Stanley Next Weeks Forecast - USD, EUR, JPY, GBP, AUD: 'September is still very much in play'
USD: Bullish "We stick to our bullish USD view. Recent comments from Fed Governor Lockhart suggest that September is still very much in play, and as markets bring the timing of the first hike forward, this should support USD...
U.S. wholesalers expanded their stockpiles in June by the biggest sum in over a year, while deals crawled up somewhat. The Commerce Department said Tuesday that wholesale stockpiles climbed 0.9 percent, the biggest month to month pick up following April 2014. Deals expanded 0...
Skandinaviska Enskilda Banken (SEB - Swedish financial group with headquarters in Stockholm/Sweden) is continuing intra-day forecast. For now - we are having some analysis for EUR/USD and USD/CNH: EUR/USD "The pair moved a tad higher (1...
Current trend After the Chinese authorities devalued the Yuan, the US Dollar strengthened against most major currencies and against the Euro as well. The single currency also declined against the save-haven Yen...
But nobody noticed it? Here is the new question from Andrew Lapthorne, head of quantitative equity research at Societe Generale. And he has some thoughts on this subject...
Big rise in China market helps to Dow Jones Industrial Average to climb by 1.4%, for example - Shanghai composite index rose by 4.9% to 3,928.12...
Weekly price is on bullish market condition for ranging between 10649.5 support level and 12425.0 resistance level. The price is breaking 11802.5 resistance for the bullish condition to be continuing...
EURUSD: With EUR maintaining its corrective bullish offensive, more strength towards its resistance located at 1.1133 level is likely in the days ahead. Support lies at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will aim at the 1...
EUR/USD: ranging within key levels. The pair moved with good downward tendency up to the march this year, and the price was stopped by 1.0461 key support level. For now - the price is on bearish ranging between 1.1436 resistance and 1.0461 support. If the price breaks 1...
Most of Asian indices ended Tuesday in the red zone. It comes amid unexpected news that The People Bank of China allowed yuan to depreciate by 2%. This move of China's central bank was announced as the next step to the new market...
CitiGroup Technicals believe that USDJPY will move higher soon for breaking 125.85 resistance level: "We are back above the inverted head and shoulder neckline/prior range top on USDJPY (124.49 and 124.58. respectively), which opens the way for towards the June high (125.85...
Last week overview Many analytics are talking that the probability for Fed rate hike is increased because of Employment report last Friday. Besides, there were some other news events which were affected on this probability: On Tuesday: hawkish talk from Atlanta Fed's Lockhart...
The euro dipped against the dollar on Tuesday after data showing that German economic sentiment unexpectedly deteriorated this month. EUR/USD was trading at 1.1025, from around 1.1037 ahead of the report. The closely watched ZEW index of German economic sentiment fell to 25.0 this month from 29...
JP Morgan estimated the false breakout by bouncing back starting to range between very strong support/resistance levels. Market refused to make necessary breaks to established good stable trend, says JP Morgan. "Market keeps on bouncing back and forth in a range between 1...
Oil price shows acrobatic jumps. After Monday's recovery, today it fluctuates sharply. Front-month WTI futures were at $44,64 (by 7.56 GMT), Brent at $50.72. This is a new decrease, compared to Monday: WTI fell 0.38%, Brent – 0.61...
Gold is still trading weaker with investors bracing for the hike as soon as September. However, ETF Securities' Mike McGlone talks about investor outflows in gold and other precious metals. Is it time for a short covering rally in gold...