Most Americans, as well as financial markets, received the day off from work on Thursday, therefore, we can focus on other financial markets. In today's review, we will focus on the oil market. Recall that next week the OPEC meeting should be held, which could potentially change the existing balance of forces in the oil market. But we will talk about this meeting...
On Monday markets were waiting for the successful completion of the first phase of trade negotiations between the US and China. This time, a positive signal was China's willingness to increase the punishment for violating intellectual property rights. China's regular violations of these rights that particularly irritated the United States and largely hindered...
HELLO EVERYONE, Coming to Analysis of GOLD, here are a few points to be considered : --Price has rejected the demand zone formed at 23.6,27 level(indicates a strong uptrend after it broke out of the weekly sideways structure . --Currently I am looking for a nice move to the upside as the price may follow to our next supply zone at 1600-1610, expecting a ABC move...
As the UK is strugling to find a deal for the Brexit, the Pound seems to have found a consolidation zone and maybe push lower waiting to have some news. Here I bring two setups about the Cable, probably one of the most interesting pair these weeks. After a small correction move to the downside the Cable have break the trendline and in the middle of last week we...
So Parliament rejected tonight BJ's attempts for a snap election. This should be good for GBP as we have less uncertainty without snap election. Though BJ is bound to try having it again. Now testing the downtrend line again, long on the break of the line and 200SMA. Good Luck!
The Brexit date is set to be delayed until 31 January Again. Johnson, as promised, asked parliamentarians to call early elections in December. He has failed to win on Brexit. Johnson said that he would make another attempt today and said that without early elections, it would not be possible to ratify the agreement with the EU. Today will be the last relatively...
Brexit was accustomed to being the main news generator last week, at least for the pound pairs. Parliament refused to vote for the deal until it made changes to British law, which meant the need to request a postponement. In our opinion, this is just a way to publicly humiliate Johnson, who has repeatedly said that October 31 will be the end date. As a result,...
At yesterday’s meeting, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged. So Draghi can leave with a sense of accomplishment, but his successor Christine Lagarde will have to solve a...
The main event will be the announcement of the ECB decision on the monetary policy parameters in the Eurozone. Given the general tendency toward easing monetary policy in the world and the recent actions of the Central Bank of Europe, euro can be expected a pretty unpleasant surprise, In theory. But in practice, most likely everything will be ok. Mario Draghi is...
The break is going on. Bursts of volatility are observed in pound pairs (just after the last two volatile weeks, this activity seems to be increased only against the background of other currencies standing still). This contributes to both the accumulated fatigue after full of events weeks and the lack of important news. Justin Trudeau has won a second term as...
"Markets took a break" the lack of high-profile news and frankly difficult weeks contributed to that yesterday. GBP has tested 1.30 against the dollar. As we expected unsuccessfully since a successful test requires positive news from Britain. Johnson’s attempt to accelerate the negotiation process did not bring home the bacon. Parliament refused to re-vote on the...
A new version of the Brexit deal has been agreed between the EU and the UK. The pound added about 500 points by the end of the week, bringing the account of its achievements to almost 1000 points. Recall that the UK and the EU, as we predicted, were able to agree on the terms of the deal at the last moment. As a result, at the EU summit on Thursday, this deal was...
Yesterday Brexit turned a corner. The Prime Minister got the European Union to renegotiate the Withdrawal Agreement that the EU said to would never renegotiate. The British pound, as we expected, hit a fresh five-month high above 1.30. But after that, many buyers decided to take profits, resulting in a rebound of the pound more than 150 points down. The reason for...
Fibonacci levels are favorable to consider a mini rally. Hold the position for 2 or 3 days and we'll see.
AB=CD with ab=cd Just for feet. 4 hours chart AB = 1,811 fibonacci ab = 1,803 fibonacci. The risk is acceptable, so come on bb
This week, markets have completely focused on the negotiation process between the US and China. We will closely monitor as well as the dynamics of safe-haven assets, which fully correlates with a market statement regarding the outcome of the negotiations. It is already obvious that the success of negotiations would affect gold - a decline in the are of 1420 +/-...