Gold Up, Hits 3-Month High, As Bulls Continue to Gain Confidence (based on the article)
"Gold prices are modestly higher and scored another three-month high in early U.S. trading Wednesday."
W1 price is located below SMA with period 100 (100
SMA) and below SMA with the period 200 (200 SMA) for the bearish market
condition with the local uptrend as the secondary market rally: the
price was bounced from 1047.65 support level for the rally to be started
and with symmetric triangle pattern to be formed for the direction of
EUR/USD Intra-Day Fundamentals: ECB President Draghi Speaks and 57 pips price movement
2016-02-04 08:00 GMT | [EUR - ECB President Draghi Speaks]
[EUR - ECB President Draghi Speaks] = ECB President Mario Draghi speaks at the Deutsche Bundesbank's Marjolin Lecture, in Frankfurt.
"So even in the face of common global shocks, central banks have the
ability to deliver their mandates. But in the euro area, that requires a
different monetary policy response than for others. That is because we
also face a second set of challenges that are largely specific to us.
They result from our institutional structure: conducting monetary policy
in a segmented banking and capital market, and without a single
area-wide fiscal authority as a counterpart. There are two types of
challenges in particular that emerge from this."
"There are forces in the global economy today that are conspiring to
hold inflation down. Those forces might cause inflation to return more
slowly to our objective. But there is no reason why they should lead to a
permanently lower inflation rate."
"What matters is that central banks act within their mandates to
fulfill their mandates. In the euro area, that might create different
challenges than it does in other jurisdictions. But those challenges can
be mitigated. They do not justify inaction."
EURUSD M5: 57 pips price movement by ECB President Draghi Speaks news event
Forum on trading, automated trading systems and testing trading strategies
Forecast for Q1'16 - levels for GBP/USD
Sergey Golubev, 2016.02.04 09:59
GBPUSD M5: 63 pips range price movement by BOE Official Bank Rate news event
AUD/USD Intra-Day Fundamentals: Retail Sales and 25 pips price movement
2016-02-05 00:30 GMT | [AUD - Retail Sales ex Inflation]
if actual > forecast (or previous one) = good for currency (for AUD in our case)
[AUD - Retail Sales] = the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
AUDUSD M5: 25 pips price movement by AUD Retail Sales news event
Technical Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD (based on the article)
EUR/USD: Bullish. Major resistance at 1.1238, waiting for breakout or correction.
GBP/USD: Neutral: Closing above 1.4667 would indicate the bullish phase to be started.
AUD/USD: Bullish: Target a move to 0.7242 to continuing with bullish trend.
NZD/USD: Bullish: Target a move to 0.6746 for bullish to be continuing.
Forecast for Q1'16 - levels for EUR/USD
Sergey Golubev, 2016.02.05 10:55
EURUSD M5: 133 pips range price movement by Non-Farm Employment Change news event:
Forex Weekly Outlook February 8-12 (based on the article)
Janet Yellen and Glenn Stevens speeches, US Crude Oil Inventories, Unemployment Claims, Retail Sales and Consumer Sentiment. These are the main market movers for this week.
LinkedIn shares drop 43% as weak forecast spooks investors (the article)
Corp’s shares plunged as much as 43% on Friday, wiping out nearly $11bn
of market value, after the social network for professionals shocked
Wall Street with a revenue forecast that fell far short of expectations."
The Best E-Commerce Stock Is Not Amazon (based on the article)
"When most people think of e-commerce, the first name that leaps to mind is Amazon.com (AMZN).
There’s good reason for that: according to Macquarie Research, the
retail giant accounted for more than half of all e-commerce growth last
Setup for EUR/USD by Barclays (adapted from the article)
EUR/USD: "We have turned bearish against resistance in
the 1.1260/90 area and look for a move towards former range highs near
1.1060. A break below 1.1060 would signal an end to the corrective
bounce off 1.0525 and further downside towards 1.0780."