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Sergey Golubev, 2016.03.04 16:17
Gold Rallies Despite Stronger-Than-Expected U.S. Jobs Data (based on the article)
Sergey Golubev, 2016.03.05 19:11
Weekly Fundamentals (adapted from the article)
GBPUSD - "The broader outlook for
GBP/USD remains tilted to the downside as the BoE lags behind its U.S.
counterpart, and the pair may continue to carve a long-term series of
lower highs & lows as the threat of an EU exit dampens the
fundamental outlook for the U.K".
USDJPY - "The Bank
of Japan will look at market developments with great interest at its
March 15 meeting, and much would need to change between now and then to
make fresh BoJ policy action likely. It is nonetheless clear that much
could change between now and then. Whether or not the Yen resumes its
uptrend may very well depend on market reactions to the ECB and other
key events in the week ahead."
AUDUSD - "Beijing pre-announced a lower
GDP growth target, setting a range of 6.5 to 7 percent as the objective.
Premier Li Keqiang likewise offered broad outlines of a broad range of
initiatives. The most directly significant items for Australia seem to
be efforts to cut over-capacity in coal and steel, both of which are
central to the country’s China-oriented mining industry. Details on this
and a host of other policy changes will be closely watched for their
knock-on effects on Australian growth and, by extension, on RBA policy
NZDUSD - "NZ 10yr Government Yields have
declined from 3.617% in mid-December toward 2.901 this week. Given the
data, it will be worth watching a move higher in yields that could
signal a move of risk-on that may continue to lift up the NZD alongside an increasingly confident and stable RBNZ."
XAUUSD - "The simple removal of a bit of
that emergency policy created risk aversion around the world that
brought on questions of a globalized-coordinated recession. Sure, stock
prices are still elevated, but how confident should one feel being
invested in equities right now? Bond yields are pitifully low after six
years of ZIRP, and any duration taken on will get absolutely crushed in a
rising rate environment. And most Central Banks are actively looking to
deflect capital flows. So where is an investor to go."
All the charts were made by using Metatrader 5 with free indicators from CodeBase.
Forecast for Q1'16 - levels for EUR/USD
Sergey Golubev, 2016.03.06 14:06
EURUSD Technical Analysis 2016, 06.03 - 13.03: bullish trend near the reversal area to be started
Daily price is on primary bullish market condition with the secondary ranging: the price is located above Ichimoku cloud within the following key reversal support/resistance lines:
Span line is near and above the price for the bullish trend to be continuing, and Absolute Strange indicator is evaluating the price
movement as the secondary ranging condition.
If D1 price will break 1.0788
support level on close bar so the bearish trend will be continuing
with secondary ranging up to 1.0520 level as the next bearish target.If D1 price will break 1.1067
resistance level on close bar from below to above so the primary bullish trend will be continuing.If not so the price will be on ranging within the levels.
SUMMARY : bullish
Forecast for Q1'16 - levels for GBP/USD
Sergey Golubev, 2016.03.06 14:45
GBPUSD Technical Analysis 2016, 06.03 - 13.03: secondary rally to possible breakout with bullish reversal
Daily price is on primary bearish market condition with the secondary rally which was started in the end of the February this year. Chinkou Span line is very near to be crossed with the price from below to above for the possible breakout, and Absolute Strange indicator is evaluating the price movement as the secondary secondary rally with the possible bullish reversal in the near future.
If D1 price will break 1.3835 support level on close bar so the bearish trend will be continuing.If D1 price will break 1.4695 resistance level on close bar from below to above so the reversal of the price movement from the primary bearish to the ranging bullish condition will be started.If not so the price will be on ranging within the levels.
SUMMARY : bear market rally
Forecast for Q1'16 - levels for GOLD (XAU/USD)
Sergey Golubev, 2016.03.06 15:31
GOLD Weekly Technicals - ranging within 100 SMA/200 SMA for reversal
Weekly price is on primary bearish market condition with the ranging within 100 period SMA and 200 period SMA area:
If the price breaks Fibo resistance level at 1279.71 so we may see the local uptrend as the secondary market rally within the primary bearish market condition.If the price breaks Fibo support level at 1061.28 so the primary bearish trend will be continuing.If not so the price will be ranging within the levels.
SUMMARY : bearish
Sergey Golubev, 2016.03.07 07:57
Technical Targets for EUR/USD by United Overseas Bank (based on the article)
EUR/USD: Ranging on reversal
Daily price is located within 100-day SMA and 200-day SMA waiting for the direction of the trend to be started.
RSI indicator is estimating the ranging trend to be continuing.
Sergey Golubev, 2016.03.07 08:07
Technical Targets for GBP/USD by United Overseas Bank (based on the article)
GBP/USD: Ranging bearish
Daily price is located below 100-day SMA and 200-day SMA for
the porimary bearish market condition with the secondary ranging: the price is ranging within 1.4247 resistance and 1.3835 support levels.
RSI indicator is estimating the bearish trend to be continuing.
Sergey Golubev, 2016.03.08 08:18
EUR/USD Intra-Day Fundamentals: China Trade Balance and 11 pips range price movement
2016-03-08 02:42 GMT | [CNY - Trade Balance]
if actual > forecast (or previous one) = good for currency (for CNY in our case)
[CNY - Trade Balance] = Difference in value between imported and exported goods during the previous month.
EURUSD M5: 11 pips range price movement by China Trade Balance news event
Sergey Golubev, 2016.03.08 10:52
GBP/USD Intra-Day Fundamentals: BOE Gov Carney Speaks and 24 pips range price movement
2016-03-08 09:15 GMT | [GBP - BOE Gov Carney Speaks]
[GBP - BOE Gov Carney Speaks] = the speech is on United Kingdom's European Union membership before the Parliamentary Committee, in London.
GBPUSD M5: 24 pips range price movement by BOE Gov Carney Speaks news event