USD/JPY is currently residing in the support area of 108.50 – 109.20 area from where the price is showing some bullish pressure after a long impulsive bearish trend. The economic reports of JPY have been quite in its favor recently which helped the currency to gain momentum over USD in a non-volatile manner which leads […]

GOLD has formed a really strong reversal of a cup and handle formation. We look to sell below major resistance at 1344 (Fibonacci retracement, horizontal overlap resistance, cup and handle breakout level) where a strong drop is expected to push the price down to at least 1325 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension). […]

The quotes of the USD / JPY pair fell to the lowest level in the last four months against the background of moderate “hawkish” comments by Haruhiko Kuroda and the continuing weakness of the US dollar. Eisuke Sakakibara, who is also known as “Mr. Yen” because of his power of influence in the foreign exchange […]

The Euro had a crazy rally last week, posting a weekly gain of 2.5% versus the dollar and touching $1.25 for the first time since December 2014. While this initially seemed to mirror the dollar’s, weakness emerging from US Treasury Secretary Steve Mnuchin’s currency talk-down, the ECB chief, Mario Draghi, attributed the euro’s strength partly to the block’s bold […]

GOLD generated a nice buy signal and it looks like a new trends is established. Longer term we see a price target above 1,700 $ per ounce gold. Silver needs a bit longer but will rise even stronger with price targets around 50$per ounce, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can […]

Start of this week is relatively light on economic calendar, so let’s see if it’s equally calm on the FX markets. Euro/Dollar is the mover of the day with a decline of point 61% as some of the recent gains are given up. US personal income and spending both were up by point 4% month […]

Australia’s inflation prints are due out on Wednesday at 00:30 GMT and expectations are for the CPI rate to re-enter the Reserve Bank of Australia’s (RBA) target band. Will this be enough to trigger an optimistic response by the Bank when it meets again next week, or are there more hurdles to be overcome before […]

It is safe to say that BITCOIN prices have had a rough month. After peaking near $19,600 on December 18, the cryptocurrency collapsed to find a bottom at $9,222, before rebounding somewhat in recent days, currently trading near the $11,100 mark. What caused the plunge, and what could drive prices moving forward? The slump in […]

Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.

GOLD is moving lower over the last hours following the strong pullback from the 4-month high of 1366. The price headed south and is challenging the short-term ascending trend line, which has been holding since December 12, near 1345 support level. The short-term technical indicators seem to be turning negative and point to more weakness in the market. […]

Pharma giant Pfizer will be releasing its Q4 2017 financial results before Tuesday’s opening bell on Wall Street. The consensus recommendation for the company is “hold”, with the average consensus recommendation for the Pharmaceuticals peer group being a “buy”.    Pfizer’s EPS are expected to come in at $0.56 per share, with the average EPS […]

The GBPCAD pair has been rising steadily since its break above 1.70500 in early January but it has today dropped back under trend line support. It reached a peak of 1.76357 on Thursday. The blue rising trend line managed to hold as support on the initial series of tests but gave way late on Friday. […]

GOLD PRICES slipped slightly back on Monday morning in London as the US Dollar surged after 6 straight weeks of losses, writes Steffen Grosshauser at BullionVault.   Gold traded $6 below last week’s close at $1349 per ounce after touching an 18-month high at $1365 early on Friday.   US Treasury bonds meantime extended their […]

President Donald Trump, speaking on Friday at Davos, hinted that he would continue to promote the America First program, but he does not mean “America alone” because when “America is growing, the whole world is growing”. He added that Washington would no longer tolerate unfair commercial practices. He added that the US supports free trade, […]

This may be an important week for the future of USD, considering how merciless the recent currency sale has become. However, to stop the market, a particularly successful combination of factors is needed. First, PCE Core inflation would surprise with an acceleration higher than 1.6% y/y (consensus). Good data would open the way for the […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

The BITCOIN (BTC) has been trading sideways at the price of $11,200. The Russian ministry is preparing a bill for the regulation of cryptocurrency mining which reportedly includes a “special system” to detect crypto miners. In addition, there may be a 2-year tax break for miners as well as energy quotas and special tariffs. Technical […]

The BITCOIN (BTC) has been trading sideways at the price of $11,200. The Russian ministry is preparing a bill for the regulation of cryptocurrency mining which reportedly includes a “special system” to detect crypto miners. In addition, there may be a 2-year tax break for miners as well as energy quotas and special tariffs. Technical […]

GBPUSD has gained nearly 900 pips from the December low due to strong economic data in the UK, Brexit optimism and weakness in the U.S Dollar. The UK economy ended last year with stronger-than-expected growth. Last week’s GDP data showed the UK economy grew 0.5% in the final quarter of 2017; ahead of analyst forecasts […]

GBPUSD has gained nearly 900 pips from the December low due to strong economic data in the UK, Brexit optimism and weakness in the U.S Dollar. The UK economy ended last year with stronger-than-expected growth. Last week’s GDP data showed the UK economy grew 0.5% in the final quarter of 2017; ahead of analyst forecasts […]

Morning session is over on this week’s first trading day so let’s see how market players have performed so far. Euro/Dollar recovered after the early decline, but another slide puts it point 31% in the red. Traded volume is average and neutral sentiment is just 3% long. Downward pressure has been stronger so far, making […]

Morning session is over on this week’s first trading day so let’s see how market players have performed so far. Euro/Dollar recovered after the early decline, but another slide puts it point 31% in the red. Traded volume is average and neutral sentiment is just 3% long. Downward pressure has been stronger so far, making […]

Week Ahead: Focus Turns to Fed and Jobs Numbers. Last week was another week of records for all United States Indices. The big four – DOW, NASDAQ, S&P, and Russel – recorded significant gains and ended the week near their all-time highs. The continued surge is associated with the current results from companies. So far, […]

Week Ahead: Focus Turns to Fed and Jobs Numbers. Last week was another week of records for all United States Indices. The big four – DOW, NASDAQ, S&P, and Russel – recorded significant gains and ended the week near their all-time highs. The continued surge is associated with the current results from companies. So far, […]