GBPAUD is currently in an interesting position after support has held at the lower section of a long term bullish channel (4 years). Fresh bullish volume can be seen increasing on the Daily and 4HR, coupled with the Daily MacD in the heavily oversold region. Additionally, The Daily ADX has began to pinch after separation apparent. In regards to a price action...
Gold Futures (GC) chart has been coiling on a daily chart, trading risk-on along side with SPY (SPX500). The main trend for gold is up. MACD and RSI charts are pointing downward. Secondary lower top has been formed. Yet, prices are holding up. FOMC decision to keep rates unchanged at 0.25% was bearish for traders hoping for negative rates. However, facing high...
Comex Gold Futures and GDX, corresponding gold ETF, both took a dive on Tuesday morning. Crude Oil plunged another 14% in early trading creating a need for cash to cover losses. With FOMC rate and economic policy decisions due on Wednesday and ECB on Thursday, volatility is on the rise for the rest of the week. Gold is holding support at $1705 with potential to...
The upcoming US-China trade talks are in market focus now, with the two countries continue to flex muscles. In the latest move, Washington imposed visa restrictions on Chinese officials accused of involvement in repression of Muslim populations. In turn, Beijing said the US was using the excuse of human rights to interfere in the China’s internal affairs. As...
Late last week, investor sentiment has improved somehow due to generally positive US jobs data which curbed concerns over a potential recession in the world’s largest economy after dismal manufacturing and services PMIs.
This week is going to be busy as well, with a new round of US-China trade talks will be in focus. The reports that Chinese officials have...
The growing strength of the United States dollar has already fed up with a lot of things, Trump and American exporters to traders and analysts who have bet and continue to bet on its decline. Quite a long time ago, we have turned to dollars bears and also not enthusiastic about its unwillingness to decline. So it is time to find out the reasons for its...
USDJPY could head either way before and after FOMC so patience is VITAL today, lets see how price reacts around consolidation area (highlighted in pink)....
Today the two-day Federal Reserve policy meeting concludes. The central bank’s tone will set the direction for the dollar across the board. In the light of recent weakness in economic data from the US and a softer rhetoric from the Fed officials, traders expect the policymakers to adopt a dovish stance and confirm an easing bias in the second half of the year.
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The announcement of the Federal Open Market Committee (FOMC) Fed meeting results was the main event. As we expected parameters of monetary policy were left unchanged. As for the comments, the Fed has been extremely positive about what is happening in the US economy recently. At the same time, the Central Bank noted weak inflation indicators, which were perceived...
September FED meeting
US fixed income and stock markets are preparing to lose cushion as Fed may announce the onset of balance-sheet cut at the meeting on Wednesday. Termination of reinvestment policy and a smooth shedding of securities means a complete switching off of the "rescue mode” which has been regulator’s state for about a decade.
The market...
DXY has closed this month with a bearish candle and also closed dead-on the same price as the previous month's lows. This suggest strong bearish pressure and with the Fed rate decision today, NFP on Friday and increasing uncertainty around Trump's policies, we could see continued bearish price action for the dollar in the coming months. Today's US interest rate...
FOMC rate hike and hawkish sentiment has seen some long standing supports broken. Fibonacci target 1.02 first then beyond parity towards the middle of 2017
a strong bearish close below 0.73700 will present a shorting opportunity for Aussie. a pull back with multiple rejections of Fibonacci will also provide good opportunity. see chart for targets
After FOMC yesterday dollar has now showed some expected strength. This market looks like it going short. I am currently stalking any opportunities to go short on this particular pair. An ideal scenario would be fro the market to pull back up to 0.71400 area where major resistance waiting in the form of Fibonacci and moving averages. if market can get up there...
