Investors remembered the previous year with enthusiasm, when working with GOLD, a simple strategy was relevant: as the FOMC meeting was approaching, at which the federal funds rate was to be raised, it made sense to sell the XAU/USD. On the topic of monetary tightening, the precious metal, on the contrary, was redeemed on the […]

Japan 225 index took a knock after reaching a multi-decade high of 24166, reversing most of its gains made since the beginning of the year. However, in the bigger picture, the index remains firmly in bullish territory. In the short-term, the risk is to the downside given that the RSI is negatively sloped below its […]

Oil prices have had a good run so far in 2018. WTI rallied 6.5% in just the first month of the year, boosted by a softer US dollar and declining Crude inventories in the US. However, recent developments suggest that the positive sentiment surrounding the energy market may be on thin ice right now, and […]

Overview The USD/JPY pair is fluctuating around 109.05 level. In case the pair remains below it, the negative pressure is likely to continue on the intraday and short-term basis. It is especially probably provided that the EMA50 keeps pushing the price downwards and protects further trading inside the bearish channel that is dislayed on the […]

Overview The GBP/JPY pair made an intraday rebound to approach from the initial barrier at 154.80 level. Let me remind you that the stability of the price is generally below 50% Fibonacci correctional level at 156.00. This confirms the bearish correctional bias for the short term with targets from 151.50, reaching 150.00. Note that the […]

Overview GOLD price is hovering around the EMA50 now. The bearish scenario is still valid for today as long as the price remains stable below 1,353.00. Let me remind you that we need to break 1,335.40 to confirm a longer bearish wave towards 1,316.48 as the next station. We should note that breaching 1,353.00 will […]

Overview Silver price resumes its decline, trading near the minor bullish channel’s support line which is displayed on the chart. The price needs to break the level of 16.95. It should be broken to confirm a further decline towards 16.56. Until now, the bearish trend scenario is still valid as long as 17.43 level remains […]

It’s 3 PM GMT on the final trading day of January, so let’s take a look at the FX Movers and Shakers. Kiwi Dollar has surged against the Japanese Yen to trade more than 1% in the green, which is the day’s top move. New Zealand Dollar’s bullish day puts the commodity currency on top […]

BITCOIN has been everywhere for the past six months – it even had a Big Bang Theory episode dedicated to it. That isn’t an insignificant fact either if you consider B.B.T. is the most-watched and top-rated scripted show on air. The problem is, now that everyone is watching, it seems that bitcoin’s bubble may have […]

Silver has come under strong pressure over the last trading days, in the short to medium-term timeframe, following the pullback on the 17.70 resistance level. The price penetrated to the upside of the symmetrical triangle that was holding since July 2017 and ended several days above the descending trend line. However, on Monday, the price slipped again below […]

Technology heavyweights Facebook and Microsoft will be releasing financial results for the quarter ending December 2017 after Wednesday’s US market close, with the former also releasing full-year results. The consensus recommendation for both Facebook and Microsoft is a “buy”, with the average consensus recommendation for their peer groups – Online Services and Software respectively – […]

Recently, the EUR/JPY pair has been trading sideways at the price of 135.60. Anyway, according to the 30M time – frame, I found a bullish breakout of the 2-day balance, which is a sign that buyers are in control. I also found a rising upward trendline and hidden bullish divergence on the moving average oscillator, […]

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.4121. Anyway, accorrding to the 15M time – frarme I found a successful rejection of Fibonacci retracement 38.2%, which is a sign that selling looks risky. I aslo found a bullish cross on the stochastic oscillator, which is another sign of […]

EURUSD has retraced a little from recent highs at 1.25372 and in the process, appears like it may be forming a Bull flag. It is today testing the top of the flag pattern around 1.24600 and if a break out should occur then 1.25000 should be tested followed, by resistance at the high in quick […]

EURJPY has reversed back up again after finding support at the 134.10 barrier during yesterday’s trading session. The pair has been developing higher along its current trend line since August 18. Additionally, over the last hours, prices broke above the 135.00 handle and are trading above the short-term moving averages. The pair is recording a sharp upside movement and […]

The two-day meeting of the Federal Open Market Committee (FOMC) ends on Wednesday, January 31, with the publication of the interest rates decision at 07:00 pm GMT. The market consensus is to maintain the target for the federal reserves rate at 1.25-1.50% (no hike). The US economic data since the December meeting was relatively positive, […]

BITCOIN has been struggling to keep up with gains whereas the bears are more impulsive than the bulls. This kind of bearish momentum is expected to be a result of recent gloomy news, published about bitcoin and the cryptocurrency market. Facebook has banned all kinds of ICO advertisements as Facebook thinks most of the ICOs […]

GOLD BARS dealt in London’s wholesale market held flat against most major currencies on Wednesday morning, edging back up to $1343 per ounce for US investors as world stockmarkets steadied from their 3-sesson drop ahead of today’s US Federal Reserve decision on Dollar interest rates.   Heading for a 3.7% rise for the first month […]

Cryptocurrencies came under selling pressure as reports emerged that that Bitfinex and Tether were subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC) last week. Tether is a so called stablecoin, the idea behind them is to peg a cryptocurrency coin to something like the U.S. dollar. According to the Tether website, “Tether Platform currencies […]

Here are the latest developments in global markets: Forex: Kiwi/dollar remained the biggest winner in early European trading, approaching fresh one-week highs at 0.7400 (+0.94%), while aussie/dollar reached an intra-day high at 0.8109. Dollar/Yen inched up to 108.76 but was unable to recover earlier losses despite the BOJ increasing its medium-term Japanese government bonds. Trump’s […]

AUD/USD has been quite corrective and volatile recently inside the range of 0.8050-0.8120 area. Ahead of the high impact economic reports of USD this week, the currency seemed to be quite weak against AUD today. Today, AUD CPI report was published unchanged at 0.6% which was expected to increase to 0.7%, Trimmed Mean CPI report […]

AUD/USD has been quite corrective and volatile recently inside the range of 0.8050-0.8120 area. Ahead of the high impact economic reports of USD this week, the currency seemed to be quite weak against AUD today. Today, AUD CPI report was published unchanged at 0.6% which was expected to increase to 0.7%, Trimmed Mean CPI report […]

USD/JPY is expected to trade with a bullish bias above 108.40. On a 30-minute chart, the pair marked a day-low of 108.38 yesterday (January 30) before posting a rebound. Currently, the pair is trading at levels around the ascending 20-period moving average, which has just crossed above the 50-period one. And the relative strength index […]

USD/JPY is expected to trade with a bullish bias above 108.40. On a 30-minute chart, the pair marked a day-low of 108.38 yesterday (January 30) before posting a rebound. Currently, the pair is trading at levels around the ascending 20-period moving average, which has just crossed above the 50-period one. And the relative strength index […]

Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated an upcoming bearish reversal. As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why the further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident […]