The dollar took aggressive stance on Wednesday as investors await bullish comments from the Fed and White House while troubled New Zealand Dollar was rescued by a strong labor market report.
The basket of major currencies fell against the greenback, however last week's high at 95.00 seems to have to be conquered again.
The Fed's November meeting is of...
Gold - long
$1268.0 region is potentially a small reversal region , we are now looking for price to move back to the $1300.0 zone again
- longs can be executed as long as price remains above the $1268 region.
Oil futures turned out to be less volatile this week than forecasted, the level of $60 per barrel is at stake on the Brent benchmark and the Saudi prince is absolutely not shy to openly support the extension of oil pact after March 2018.
WTI posts small losses on Friday as its buoyancy lags behind Brent’s as the increase in US output limits advance. The spread...
European stock markets and the euro stood still in anticipation of the results of ECB meeting, while in the fixed income market there is a slight rush and the price of bonds is moderately growing. The yield of US Treasuries also fell after a rise to a seven-month peak on speculation about a new Fed head, likely to be a candidate with a more aggressive policy...
WTI declined on Wednesday but Brent continues to grow, fluctuating about a month's high, as Saudi Arabia said it is determined to end the supply surplus that has been holding prices for the third consecutive year. Energy Minister al-Falih said that the kingdom will do everything necessary to reduce oil reserves in industrial countries to an average of...
Despite the solid amount of bets on the hawkish outcome of ECB October meeting, where a decision should be made to cut money supply, Draghi does it all to play down the event.
At the conference in Frankfurt, the president of ECB once again recalled positive aspects of cheap liquidity, saying that low rates create a window of opportunity for European governments...
Oil broke higher to open the week with a gap. During the weekend the governmental forces of Iraq entered the city of Kiruk and took under control minefields in the region. The disputed city of Kirkuk has always been a ‘bingo’ for the Kurdish region. They regarded it as an integral part of Kurdistan. But Bagdad regards it with similar intensity. Kirkuk has always...
EMA almost crossing over, bounced off 38.2 fib level and uptrend trend line, went through 61.8 level, buy to 1326 at least. USDJPY is heading lower, Gold works in the opposite. Invalid if it falls below 61.8.
USDJPY is negative (at time of publishing)
GOLD is positive (at time of publishing)
Gold has surpassed the pivot R1, retraced, kissed the MA 52 this is our ENTRY signal.
Image left with no comment. No predictions made here. Simply a statement that the long term bull market pattern is still in tact and seems to be setting up in a very similiar way to the 1980's bull market.
My thoughts on GOLD
Formed a nice doubletop earlier on in the previous few months and broke through our yellow resistance line to form a new high for the year, before coming straight back down below our yellow support and resistance zone, based in technicals i think we will see a retest of our yellow resistance line and...
Gold has found support on the 4hr timeframe inline with structure and weekly 38.2 fib retracement. We can see that price has just broken out of the trendline resistance and expect a pullback to potentially trade bullish price action to the upside. Could potentially target a lot higher if you are looking for the weekly trend to resume.