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Euro assets, which have been under pressure by the IMF in the past few days following warnings about Greece's economic situation, continued to lose with the fact that the production PMI figures we followed from Europe yesterday remained below expectations. The Fed / FOMC decisions were followed in the evening, while the manufacturing PMIs from the United States were also showing in reality below the forecast. The agency has made any changes in interest rates in parallel with market recommendatio…
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EURusd overview
Comments from European Central Bank(ECB) officials continue to be effective on the pair side. Finally, the President of the Central Bank of Lithuania's speech that quantitative monetary expansion should not continue after December has led to upward attacks on the currency side despite recent political uncertainties in Germany. On the US side, the new home sales data we have followed yesterday is above expectations, while developments in trade wars are closely monitored. The latest US President D…
EURusd overview
In Italy, the coalition talks, which have remained uncertain for days, reached a happy end. Last Friday, the 5-star movement and the Northern League Parties, which reached an agreement on the new cabinet, formed the new government under the leadership of Giuseppe Conte. Although the parties ' agreement on the coalition eliminates political uncertainty, the steps that these two parties will take in the future will be critical, known for their anti-EU and populist rhetoric. In Spain, the other pro…
GBPusd overview
Important data were tracked by the U.S. Bureau of business statistics. Non-agricultural employment, which was expected to be 189,000, was 223,000, while the Fed's average Hourly earnings from the strong economic indicators were 0.3 per cent, compared to 0.2 per cent. The country's unemployment rate has reached its lowest level since April 2000 with 3.8 percent. After these figures, the US dollar assets partially recovered their losses during the day, while the positive data for the last 2 days w…
XAU/USD - upward trend
WEEKLY CHART
DAILY CHART
TREND:
short term (form September) - market is in consolidation
long term (from December 2015) - market is uptrend
RANGE:
short term (form September) - 1260 - 1310
long term (from December 2015) - 1055 - 1370
RESISTANCE:
1294
1304
1310
SUPPORT:
1267
1254
1210
ANALYSIS:
Looking at daily chart the market is moving in consolidation drawing triangle. Another thing is falling gap from 11.09.2017. As I drown dotted red line I expect that market will fall at 1…
DAILY CHART
TREND:
short term (form September) - market is in consolidation
long term (from December 2015) - market is uptrend
RANGE:
short term (form September) - 1260 - 1310
long term (from December 2015) - 1055 - 1370
RESISTANCE:
1294
1304
1310
SUPPORT:
1267
1254
1210
ANALYSIS:
Looking at daily chart the market is moving in consolidation drawing triangle. Another thing is falling gap from 11.09.2017. As I drown dotted red line I expect that market will fall at 1…
XAU, vs Crypto-devise
Pour Mark Mobius, la croissance explosive des crypto-devises est dangereuse. Selon le président exécutif de Templeton Emerging Markets Group, les gouvernements vont commencer à resserrer l’étau autour des devises numériques à cause de leur utilisation dans les opérations illicites liées au financement du terrorisme et à au trafic de drogue, qui contribuent à leur montée."Les crypto-devises commencent à devenir hors contrôle et cela va attirer l'attention des gouvernements du monde entier." a déc…
Gold
Gold is under pressure for one more day and the bearish trend that started on June 6th is intact and now the precious metal is targeting the psychological 1200 level.
Keep calm and trade responsibly...
Keep calm and trade responsibly...
Gold
Gold is making a rebound today and currently trading at 1252, yesterdays pattern suggest that sellers will take control at this level, it looks tough for the precious metal to break above the 50d MA, I will enter a short position targeting 1245
Keep calm and trade responsibly....
Keep calm and trade responsibly....
GOLD
Gold is under pressure today and is approaching the first resistance at 1253 the 200d MA. a crucial level for the next move. I expect a rebound from that level and i will try a long position
Keep calm and trade responsibly.....
Keep calm and trade responsibly.....
28/04/2017
The euro is taking a major leg up after better than expected core CPI. The gauge was gathered at 1.2% in April flash release, when analysts where expecting it at 1% from 0.7% in March. The euro rose till 1.0945.
Sterling is trading above the 1.29 level at the time of writting this post. The cluster around the 1.30 level composed by the monthly R2, the weekly R1 and above by the upper Bollinger band will likely offer strong resistance if the bulls keep pushing sterling higher.
The yen is consolid…
Sterling is trading above the 1.29 level at the time of writting this post. The cluster around the 1.30 level composed by the monthly R2, the weekly R1 and above by the upper Bollinger band will likely offer strong resistance if the bulls keep pushing sterling higher.
The yen is consolid…