The highlight among US releases this week will be Friday’s PCE inflation numbers, but ahead of that, readings on consumer confidence and durable goods orders will be watched by investors for signs of a possible slowdown in the US economy. The consumer confidence index is out on Tuesday at 14:00 GMT, while durable goods orders […]

The dollar opened a new week with a pullback after its biggest weekly fall in the last four months, traders became cautious again about the prospects of trade negotiations between the US and China at the G20 summit. The reason for the large-scale sale in the main markets was the “dovish” forecasts of the world […]

Gold price has broken through the important resistance of $1,350-60 and is now trading above $1,400. Trend remains bullish and although the short-term oscillators are in overbought territory, we could see this upward move continue higher towards $1,440 before a meaningful pull back. Blue line – major resistance Red line – major support Red rectangle […]

Gold price has broken through the important resistance of $1,350-60 and is now trading above $1,400. Trend remains bullish and although the short-term oscillators are in overbought territory, we could see this upward move continue higher towards $1,440 before a meaningful pull back. Blue line – major resistance Red line – major support Red rectangle […]

EURUSD has made new higher highs at 1.1398 thus far with price reaching the equality target with respect to the first upward leg from 1.1107 to 1.1347. The RSI is at short-term overbought levels so a pull back is justified. Red lines – wedge pattern broken Blue lines – comparing two bullish moves EURUSD has […]

AUDJPY touched a 6-month low of 73.90 last week, with price action taking place below both the 50- and 200-day simple moving averages (SMAs). Additionally, the price structure consists of lower highs and lower lows, confirming that the broader downtrend remains intact – even if oscillators like the RSI suggest that the latest rebound may […]

The position in the US dollar index futures is on the back foot for the fourth consecutive day and near a three-month low of 95.47 following the rejection from the 20- and the 50-day simple moving averages (SMA). The price has so far fallen below the 200-day SMA, the previous low of 96 and the 50% Fibonacci […]

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Over the weekend, all the major cryptocurrencies rallied to YTD highs. Bitcoin crossed the important psychological level of $10,000. Year-to-date, Bitcoin has rallied by more than 150%, making it the biggest gainers. It has reinforced the fact that Bitcoin should not be ignored. The recent rally is mostly because of the current entry by Facebook […]

Over the weekend, all the major cryptocurrencies rallied to YTD highs. Bitcoin crossed the important psychological level of $10,000. Year-to-date, Bitcoin has rallied by more than 150%, making it the biggest gainers. It has reinforced the fact that Bitcoin should not be ignored. The recent rally is mostly because of the current entry by Facebook […]

Stocks and gold ended the week at record highs while the US dollar and US bonds fell to multi-week lows. This followed the dovish statements from the Federal Reserve, who indicated that they might cut rates in the coming meetings as the US economy faced significant challenges. Crude oil prices rose as tensions in the […]

Stocks and gold ended the week at record highs while the US dollar and US bonds fell to multi-week lows. This followed the dovish statements from the Federal Reserve, who indicated that they might cut rates in the coming meetings as the US economy faced significant challenges. Crude oil prices rose as tensions in the […]

Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]

Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]

Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]

Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]

Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]

Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]

Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]

Overview: The USD/CAD pair continues to move downwards from the level of 1.3258. Last week, the pair dropped from the level of 1.3258 (this level of 0.9965 coincides with the double top) to the bottom around 1.3148. Today, the first resistance level is seen at 1.3258 followed by 1.3325, while daily support 1 is found […]

Overview: The USD/CAD pair continues to move downwards from the level of 1.3258. Last week, the pair dropped from the level of 1.3258 (this level of 0.9965 coincides with the double top) to the bottom around 1.3148. Today, the first resistance level is seen at 1.3258 followed by 1.3325, while daily support 1 is found […]

Overview: The USD/CAD pair continues to move downwards from the level of 1.3258. Last week, the pair dropped from the level of 1.3258 (this level of 0.9965 coincides with the double top) to the bottom around 1.3148. Today, the first resistance level is seen at 1.3258 followed by 1.3325, while daily support 1 is found […]

Overview: The USD/CAD pair continues to move downwards from the level of 1.3258. Last week, the pair dropped from the level of 1.3258 (this level of 0.9965 coincides with the double top) to the bottom around 1.3148. Today, the first resistance level is seen at 1.3258 followed by 1.3325, while daily support 1 is found […]

Overview: The USD/CAD pair continues to move downwards from the level of 1.3258. Last week, the pair dropped from the level of 1.3258 (this level of 0.9965 coincides with the double top) to the bottom around 1.3148. Today, the first resistance level is seen at 1.3258 followed by 1.3325, while daily support 1 is found […]

After the Fed lifted investors’ optimism last week, attention will turn to Japan this week. The leaders of the 20 most powerful economies will meet this week for the annual G20 summit. The most important things in the summit will be the meeting between Donald Trump and his Chinese counterpart, Xi Jinping. This will be […]