We don’t have a specific trade call to begin the week, however we will continue to monitor news feeds and current developments for potential opportunities, and trade ideas. As always I suggest you start the week by reading my currency update to familiarize with the latest market changes...
Greenback, measured by the US Dollar Index is about to post the strongest close since early August. It rose sharply for the second day in a row, accumulating a gain of 2.30%. Today it peaked at 97.23 and it about to close at 97.15...
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The battered and bruised oil industry could see some upside in the medium term if it sticks with its period of cost cutting, according to Michele Della Vigna, co-head of European Equity Research at Goldman Sachs. "Sentiment is changing," he told CNBC Monday...
XAUUSD 1D Diagram Technical Analysis shows the following: The XAUUSD seems to follow an ascending triangle pattern. Today it declines below the resistance line of this triangle. The candlestick until now is engulfing the previous one. The cloud is a strong resistance for farther decline...
USD/CAD currently at 1.3330 just 85 pips shy of its recent high. This currency pair made its recent high of 1.3415 on Sept 24th but closed below for the week. Now the question is how high it can go? I wish, I have the answer for you...
XAUUSD 1H Diagram Technical Analysis shows the following: The XAUUSD has almost reached 1145.7 support line (pull back) and now is reacting. MACD's is turning bearish but not yet. . The Dow & Nasdaq sell off these days will support gold bullishness (it has delayed). Long from here. (SL 1145...
The EURUSD has made fast decline yesterday (daily inverse hammer) and it couldn't manage a break down of SMA(200) in 1H. MACD's (19,44,50) is getting bearish It is a bear setup under all SMAs with first target 1.11 and below. (SL 1.12...
The current week was characterized by waiting on the decision of the US interest rates that has frozen for a long time quotes of stock indices and also of some key currencies such as the Dollar and the Euro...
W1 price is located below 200 period SMA and 100 period SMA for the primary bearish with secondary ranging between Fibo support level at 81.99 and 61.8% Fibo resistance level at 91.42: the price is ranging between Fibo support level at 81.99 located far below 200-SMA and 61...
Morgan Stanley believes in bearish GBP related to USD, the question now is the following: where to sell? GBP: Waiting for Opportunities to Sell. Bearish. "We maintain our bearish GBP view, but are cautious that current levels may not be the most attractive to enter short positions...
EUR/USD has moved closer to the upper-side of its daily range but overall continues to trade very quietly given the US Labour Day holiday. EUR/USD recovered some ground and has continued to move away from last week’s lows but lacked...
US Dollar - "Though it isn’t necessarily dependent on sentiment leveling out, a retrenchment in rate expectations would do better to pull speculative funds back to the Dollar if there isn’t a broad flight from all carry...
Morgan Stanley sees the JPY as a bullish but it is may risky on related to the ranging market condition based on CNY depreciation: "We believe JPY should be a relative outperformer going forward...
For some time now that I’ve been looking closely at the Yen’s daily movements. Prices are swinging around a resistance made back in 2007, and it’s interesting to note that so far there has been a rejection of new highs...
W1 price is on primary bearish with secondary ranging: price was stopped by 1.3213 key resistance level. The price was formed ascending triangle pattern with 1.3213 resistance to be crossed for the bullish trend to be continuing...
US Dollar - "Aside from data and the long weight for a return to active sentiment fluctuations, there is another motivator that Dollar traders should keep tabs on as it is unusual active: reserve interest...
This trading week was ended with bullish ranging: the price was on primary bullish condition and it was stopped by 125.27 key resistance level, and for now - the price is ranging between 125.27 resistance and 123.78 support levels...
W1 price is on primary bearish with secondary ranging market condition: the price is moved within 0.7249 resistance and 0.6935 support levels. The price is ranging for direction: it may be local uptrend as the secondary market rally within the bearish, or bearish breakdown...
