The US dollar ended the week with a decline once more after failing to find a driver to return to the path of growth. The decline happens against the background of improved macroeconomic parameters within the US, which somewhat discourages the bulls. who cannot regain the initiative in any way. The December employment report, published […]

Eurozone The growth of business activity in the Euro area continues to accelerate. According to IHS Markit, the composite index reached 58.1 points in December, which is higher than the November reading of 57.5 points, and is the highest since February 2011. PMI in the service sector grew from 56.2 points up to 56.6 points, […]

The U.S. dollar rang in the New Year with fresh 3-month lows against the Euro, sterling and Canadian dollars. Coming on the heels of the worst year for the greenback in more than a decade, this lack of relief has many Forex traders wondering if 2018 will be another crushing one for greenback. Commodity currencies […]

The U.S. dollar rang in the New Year with fresh 3-month lows against the Euro, sterling and Canadian dollars. Coming on the heels of the worst year for the greenback in more than a decade, this lack of relief has many Forex traders wondering if 2018 will be another crushing one for greenback. Commodity currencies […]

The U.S. dollar rang in the New Year with fresh 3-month lows against the Euro, sterling and Canadian dollars. Coming on the heels of the worst year for the greenback in more than a decade, this lack of relief has many Forex traders wondering if 2018 will be another crushing one for greenback. Commodity currencies […]

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BITCOIN has finally broken above the $15,500 price area recently, which is expected to help the cryptocurrency to proceed further upward in the coming days. The stable growth of bitcoin indicates that it is currently converting itself as a mature trading instrument after moving to the futures market. There are currently new market participants who […]

Overview The GOLD price returns to decline and moves below 1,321.49 levels, postponing the positive scenario suggested in the morning. The price is affected by stochastic negativity and is waiting to get enough positive momentum to resume the bullish bias and breach the mentioned level, keeping the main bullish trend. In general, we still expect […]

But what about those Not Dollar GOLD investing…?   2018 BEGINS with smart people saying the year ahead looks good for gold investing, writes Adrian Ash at BullionVault.   So far the market agrees. The gold price in Dollars has just made its strongest run of back-to-back daily gains since February 2016, rising on 10 […]

Overview The Silver price traded negatively in a muted way yesterday in attempt to approach our first awaited target at 17.43, keeping the bullish trend scenario valid as it is without any change. The price is likely to breach this level to confirm extension of the bullish wave towards 18.30, reminding you that holding above […]

USD/CHF has been quite volatile and corrective recently after breaking below the 0.9775 support level with a daily close. USD has been quite positive with the economic reports this week ahead of the NFP, Average Hourly Earnings and Unemployment Rate reports to be published today. This week CHF has been quite positive with the economic […]

NZD has been quite positive with the economic reports this week which reflected the impulsive gains against USD this week, leading the price to the 0.7150 resistance area recently. This week NZD GDT Price report was published with a significant increase to 2.2% from the previous negative value of -3.9%. The positive economic report did […]

EUR/CAD has been struggling at the edge of the rising Channel support and the 1.50 support area for a few days now, which is expected to break below in the coming days. CAD has been the dominant currency in the pair since November 2017 but failed to sustain the impulsive bearish gains resulting in further […]

All our upside targets which we predicted in yesterday’s analysis. The pair keeps trading on the upside after locating a key support at 112.85. Currently, it is around the 20-period moving average while being supported by the ascending 50-period moving average. The relative strength index has managed to stay above the neutrality level of 50, […]

Overview: The USD/CHF pair is still continuing its bearish trend for a while. The bias remains bearish in the nearest term testing 0.9685 or lower. We still prefer the bearish scenario in the coming hours. The USD/CHF pair broke support at the level of 0.9773 which acts as a resistance now. According to the previous […]

We are heading towards weekend, so let’s find out where the 8 major currencies stand at 3 PM GMT. Canada/Yen shot up after 1 PM and the pair has gained a solid 1.26% to post the day’s top move. Canadian jobless rate dropped and employment change jumped, sending the Loonie Dollar sharply higher and it’s […]

The year started on a high note with positive data from China, Europe, the United States, and other emerging market (EM). During the week, we saw an increase in trading volumes as investors came back from the long holiday. The equities, Commodities, and Forex markets saw major movements during the week. In the United States, […]

GOLD PRICES rose back above $1320 per ounce versus the falling Dollar in London’s wholesale trade on Friday, heading for the highest weekly close in 16 after new data said the United States added far fewer jobs than analysts expected last month.   The official non-farm payrolls estimate also put average annual wage growth in […]

GOLD was one of the main winners of 2017. Intensifying geopolitical tensions, particularly on the Korean peninsula and in the Middle East, combined with the dollar’s sharp plunge helped gold prices to finish the year more than 13% higher. Heading into 2018, the outlook for the precious metal continues to appear positive, as geopolitical risks […]

Many people see BITCOIN as the cryptocurrency preferred by criminals, but according to experts, this is less and less valid. Criminals give up bitcoin for other virtual currencies. In recent years, the internet hidden network (deep web) has gained in popularity. The main attraction that people can find there are the offers of shops selling […]

The coming week will feature numerous important releases that definitely have the potential to lead to notable movements in Forex markets, though it will lack a release of the magnitude of the US nonfarm payrolls report that hit markets during this past week. Among the highlights in the coming days will be Chinese trade data, […]

The GOLD price is showing reversal signs. Key support is at $1,306, while resistance at $1,330-50 is very important and will only be broken after a big pullback. Blue lines – bearish divergence The gold price is showing reversal signs. The trend remains bullish on the 4-hour chart, but I expect it to reverse to […]

The US30 index is having a stellar start to the New Year. Since it closed 2017 around 24700.00 it has gotten to the 25150.00 in a few short days. This highlights the strength of the current bullish leg higher. Bears have been swept aside and the index has created new all-time highs on the back […]

Wave summary: EUR/JPY continues to push higher towards the 137.37 target for wave (D). Once this target is tested, wave (E) is expected to take over for a decline towards 123.43. Support is now seen at 135.55 and a break below it will be the first warning of possible exhaustion, but only a break below […]

Let’s see which news releases could move the currency markets on Monday the 8th of January. This is the Economic Calendar. German Factory Orders for November are up first at 7, and orders have been growing stronger than anticipated for the past 3 months. Swiss December CPI follows at quarter past 8. The annual inflation […]