In November, GOLD reported that it stayed in the narrowest trading range ($1,265-1300 per ounce) from 2005. In early December, it likely tested its lower bound against the background of the promotion of the bill on tax reform through the US Congress. For a long time, precious metals were supported by uncertainty surrounding this process […]

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Hedge fund managers are reputed to be among the smartest of the smart on Wall Street. So, you might be surprised that they make the same critical mistake that most nov…

Maple GOLD is a well-funded gold exploration company focused on advancing one of the largest undeveloped gold projects in Quebec. The Company’s district-scale 330+ km² Douay Gold Project is located along a 40km segment of the Casa Berardi Deformation Zone within the prolific Abitibi Greenstone Belt. The Project hosts a multi-million-ounce gold deposit that remains […]

BITCOIN has been quite impulsive with the gains and currently is residing at the record breaking price above $12,600. The impulsive move was non-volatile and very quick after the break above $11,700. Judging the current impulsive behavior of the cryptocurrency, the price is expected to reach $14,000 by the 10th or 18th of December when […]

It’s 3 PM GMT on this Wednesday; let’s look back at what’s been moving and shaking in the currency markets. A somewhat peculiar trio of currencies is trading at the top of the Advancers and Decliners table, with safe haven Yen just a tiny fraction up from the commodity currencies Loonie and Kiwi, which are […]

Our first target which we predicted in yesterday’s analysis has been hit. The pair remains under pressure while being capped by the descending 20-period moving average. The relative strength index is still badly directed below the neutrality level of 50, showing a lack of upward momentum needed for a rebound. Intraday bearishness persists, The immediate […]

GOLD BARS rallied from yesterday’s 9-week low in Asian and London trade Tuesday as global equities slipped with commodity prices amid rising tensions over Washington’s policies in both the Middle East and towards rogue state North Korea.   A Chinese state-run newspaper today gave readers near the border with North Korea a page of “common […]

Here are the latest developments in global markets: Forex: Sterling stretched toward a fresh one-week low of 1.3360 (-0.61%) as fears over a potential impasse in Brexit talks, which could postpone negotiations until February and therefore scale back business investments, lingered in the background. The dollar steadied versus the Yen near one-week lows as concerns over a government […]

Wave summary: We continue to look for more downside pressure towards at least 1.7077 and 1.7035 as the next downside targets. Support is now seen at 1.7215 and again at 1.7243. The latter is expected to be able to cap the upside for more downside pressure towards 1.7077 and below. R3: 1.7318 R2: 1.7243 R1: […]

Thursday is a busy day with plenty of news releases, so let’s take a closer look with the Economic Calendar. Coming up first at quarter to 7 AM is the Swiss Unemployment Rate for November. The seasonally adjusted unemployment rate has stood at the same low level for the past 2 months. German Industrial Production […]

The Relative Strength Index (RSI) is one of the most popular technical indicators. It is a momentum indicator that helps identify the turning points. It was developed by J.W Wilder who created other indicators like the Average True Range (ATR), ADX, and Parabolic SAR. Other types of momentum indicators are MACD-Histogram, Rate of Change, Stochastic, […]

The morning session is over on this Wednesday. Let’s see how things are shaping up for the market players. Euro/Dollar has had another slow day, and the rate was point 15% down from the opening level after 12 hours of trading. Volume is low, and the sentiment is neutral at 3% short. Markets have been […]

Wave summary: The break below 132.90 add confidence in our expectation that wave (D) completed with the test of 134.50 and wave (E) towards the ideal target of 123.43 is developing. Short-term, we expect minor resistance at 133.22 to cap the upside for more downside pressure towards 131.70 and then important support at 131.14. A […]

Overview: The NZD/USD pair is currently discontinuing around the prices of 0.6816 and $0.6944. The level of 0.6944 represents the double top. The pair has already formed minor resistance at 0.6895 and the strong resistance is seen at the level of 0.6944 because it represents the weekly resistance 1. So, major resistance is seen at […]

Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through binary TV. From stocks and Commodities to global currencies, Indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from binary.com Daily financial news by- Binary.com- December 6th, 2017

Overview: The USD/CHF pair sets new record high of 0.9882 in overnight trading. The price is still trading around the zone of 0.9860. The USD/CHF pair continues to move upwards from the level of 0.9818 (major suppor today). Since the price is above this level, the market is still in an uptrend. Furthermore, the trend […]

AUD/USD has been quite corrective recently after a strong bearish pressure pushing the price off the 0.8150 price area. AUD had been quite mixed with the economic reports where negatives are more in quantity than positive reports for which the currency is currently struggling to gain over USD despite the current weak status of USD. […]

The Dukascopy TV continues its ongoing quest for fair market conditions with Wednesday’s Main Spike Controller. The first pair for this report is the Euro/Dollar with the average and peak long-term spreads of point 28 and 1.8 pips, respectively. The rate went down yesterday afternoon, losing point 61% or 73 pips from its daily peak […]

The Dukascopy TV continues its ongoing quest for fair market conditions with Wednesday’s Main Spike Controller. The first pair for this report is the Euro/Dollar with the average and peak long-term spreads of point 28 and 1.8 pips, respectively. The rate went down yesterday afternoon, losing point 61% or 73 pips from its daily peak […]

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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

When the European market opens, some Economic Data will be released, such as German 10-y Bond Auction, Retail PMI, and German Factory Orders m/m. The US will release the Economic Data, too, such as Crude Oil Inventories, Revised Unit Labor Costs q/q, Revised Nonfarm Productivity q/q, and ADP Non-Farm Employment Change, so, amid the reports, […]

EURJPY continues to trade in its 3-month range but in the short-term, the bias is bearish after the pair failed to break out of the top of the range at 134.50. There is limited upside in the near term and risk remains tilted to the downside as the RSI is bearish. Looking at the 4-hour […]

Just like in the previous years, in 2018 XM will stay true to the belief that education matters. We will thus continue hosting free trading seminar series in various parts of the world. Our first destination to visit on 27 January 2018 will be Kuala Lumpur, Malaysia. The seminar titled Cryptocurrencies – Investing in Digital […]

Here are the latest developments in global markets: Forex: The dollar weakened against its major counterparts on Wednesday as unless a deal is reached the government will run out of funds on Friday. This is spreading fears of a partial government shutdown. The Pound was under pressure amid weakening hopes for progress on Brexit talks and on reports […]

In Asia, today Japan will not release any Economic Data, but the US will release some Economic Data, such as Crude Oil Inventories, Revised Unit Labor Costs q/q, Revised Nonfarm Productivity q/q, and ADP Non-Farm Employment Change. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. […]